The Single Shard Thesis | Logan Jastremski

0xResearch

The Future of Blockchain

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The Slana case that recently happened, backpack NFTs dropped a 10,000 ad lads. When you have a paralyzed virtual machine, you're able to isolate specific contracts on the blockchain. So in this example, the NFT meant contract was the only thing that would have slightly elevated fees because people can prioritize whether they want to get into the block. But by being able to implement these contracts at a being able to isolate fees specifically to a single contract is the real innovation.

Logan Jastremski joins us to discuss how parallelizable, high-throughput blockchains are the solution for scalable crypto products. We start with Logan's high-throughput thesis, why isolated fee markets and parallel computation are crucial features and how to analyze node requirements. Logan then explains why L2s won't scale, how DAS solutions are a feature, not a product, and his take on AppChains vs sector-specific chains.

And as usual, we start the episode with our analyst bullpen to discuss Coinbase, liquid staking derivatives post Shapella, rETH's withdrawal design and token incentive design.

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Timestamps:

(00:00) Introduction

(00:30) Hot Seat/Cool Throne

(25:11) Interview Start: Logan’s Background

(27:08) The High-Throughput Thesis

(29:10) Backpack and xNFTs

(32:44) Solana: State Compression, Hardware Requirements & Value Accrual

(46:00) “Lightspeed Ad”

(46:41) Quantifiably Measuring Decentralization

(50:30) The L2 Experiment

(56:14) Isolated Fee Markets

(59:30) Celestia, EigenLayer & Polygon Avail

(1:03:28) AppChains, Sector-Specific Chains & Mobile

(1:08:09) Solana's Community and DePIN

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Resources:

Westie

https://twitter.com/WestieCapital

Synthetix Dune Dashboard

https://dune.com/blockworks_research/synthetix

Polynya's OP discussion

https://gov.optimism.io/t/draft-inflation-adjustment-proposal-to-0/5936

DefiLlama

https://defillama.com/bridges

Frictionless Capital

https://www.frictionless.fund/

https://twitter.com/_Frictionless_

Logan's podcast

https://www.youtube.com/@LoganJastremskiPodcast

Vitalik's End Game

https://vitalik.ca/general/2021/12/06/endgame.html

Firedancer

https://jumpcrypto.com/firedancer/

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Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Dan, Sam, and our guests may hold positions in the companies, funds, or projects discussed.