Unchained

The Chopping Block: Why Everyone Is Talking About EigenLayer - Ep. 497

May 25, 2023

58:24

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Episode notes

Introduction

2min

How I Got to Crypto

2min

The Evolution of Crypto

2min

The Importance of Storytelling in Crypto

2min

The Negative Credential to Be a Professor in Crypto

2min

The Importance of Movement in Cryptocurrency

2min

How to Explain Eigen Layer to a Five Year Old

2min

Ethereum and the Chicken and Egg Problem

3min

Ethereum's Decentralized Trust

2min

10.

Ethereum: A Marketplace for Decentralized Trust

2min

11.

The Objection to Restaking

2min

12.

Ethereum and the Future of Blockchains

2min

13.

The Modularity of Eigenlayers

2min

14.

The Unbundling of Cryptocurrencies

2min

15.

The Future of Tokens

2min

16.

The Perverse Thing About Layer 2 Tokens

2min

17.

Don't Overload Ethereum's Consensus

2min

18.

Ethereum and the Risk of Corrupting Validators

4min

19.

Ethereum: A Permissionless System

2min

20.

Ethereum's Institutions

2min

21.

Ethereum's Social Consensus

3min

22.

Ethereum's Low Rate Protocol

2min

23.

Ethereum and the Banking Crisis

2min

24.

The Moral Hazard of Optimism

2min

25.

Ethereum's Crisis Response Hard Fork

2min

26.

Ethereum's Fork for Lido

2min

27.

Ethereum's Optimism in Arbitron

2min

28.

The Role of Preaching

2min

29.

Predestination: The Beginning of Religion

2min

Welcome to “The Chopping Block” – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner, chop it up about the latest news. In this episode, EigenLayer founder Sreeram Kannan explains his vision for providing “decentralized trust” to new projects on Ethereum. Was Vitalik Buterin’s recent “re-staking” post a shot across EigenLayer’s bow?

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.

Show highlights:

how Sreeram has transitioned from academia into the world of crypto
why he believes that crypto is the “coordination highway”
what EigenLayer is – explained to a five-year-old, a high schooler, a day trader, a developer, and a crypto professor
how middleware enables technology innovation
where the value accrues if there’s no token for securing a blockchain
whether Vitalik is right in being concerned about the risk of corrupting validators
what EigenLayer did to minimize risks and externalities to Ethereum
whether protocols and applications will fork if they get hacked and whether Ethereum will “bail them out”