Bankless Where is Ethereum Headed? | Mike Ippolito & Mike Neuder
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Oct 1, 2024 Mike Ippolito from Blockworks shares deep insights on Ethereum's evolving landscape, focusing on the essence of its roadmap. He teams up with Mike Neuder, who passionately defends Ethereum's trajectory. They delve into rollup technology, value accrual mechanisms, and the philosophical differences between Ethereum and emergent competitors like Solana. The conversation resonates with bullish optimism, discussing what it takes for Ethereum's promises to become reality and addressing the potential impacts of scalability and governance on its future.
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Ethereum's Core Principles
- Ethereum prioritizes settlement, data availability (DA), and execution.
- These components are crucial for its roadmap and overall functionality.
L1 Convergence
- Layer-1 blockchains (L1s) might become commodities, converging on similar architectures.
- Value may accrue to applications rather than L1s in the long term.
Layer-2 Composability
- Vitalik Buterin believes that increasing Ethereum's layer-1 capacity might hinder layer-2 composability solutions.
- This is because it reduces the pressure to solve the harder, more valuable problem.