Bankless Ultra Scalable Ethereum - Modular vs Monolithic Blockchains
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Oct 27, 2021 Dive into the revolutionary world of modular blockchains and their potential to achieve ultra scalability. Explore the friction between monolithic and modular designs, where the former struggles with efficiency. Learn about Ethereum's transition to a roll-up centric architecture, enhancing transaction speed and security. Discover the impact of sharding and proof of stake on decentralization. Plus, hear insights on the future of blockchain ecosystems and how these innovations will shape the landscape of decentralized finance.
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Monolithic Blockchains
- Monolithic blockchains perform all blockchain functions (consensus, data availability, and execution) on every node.
- This design differs from modular blockchains, which compartmentalize these functions.
Scalability Trilemma
- The scalability trilemma forces blockchains to choose between decentralization, security, and scalability.
- Different chains prioritize different aspects, leading to trade-offs.
AMD vs Intel
- AMD outcompeted Intel by switching to a modular CPU design with smaller, specialized chiplets.
- This analogy highlights the potential of modularity in blockchain design.