#1304 Jay Jog on Layer One Wars: Bitcoin, Ethereum, Solana, Sei & More
Feb 1, 2024
auto_awesome
Jay Jog, Co-Founder of Sei Labs, discusses the evolution of the Layer 1 blockchain landscape, including Bitcoin, Ethereum, Solana, and Sei. They explore trade-offs, use cases, and future prospects. Topics include bridging Web2 and Web3, winner take most market, real world assets, and building on a platform with design space and risks.
SAE aims to combine the best features of Ethereum and Solana by building a parallelized Ethereum Virtual Machine (EVM) on a high-performance infrastructure, expanding the design space for developers and allowing for more scalable and diverse applications.
SAE is actively working on community engagement and has seen increased activity, particularly in NFTs, after a meme campaign involving the SEI name, recognizing the importance of building a strong ecosystem and vibrant user community for the success of the platform.
Deep dives
The Evolution of L1 Landscape: Bitcoin to Ethereum to Solana to SAE
Jay Jog discusses the evolution of Layer 1 (L1) blockchains, from Bitcoin to Ethereum to Solana and finally to SAE. Each L1 has different trade-offs in terms of security, transaction throughput, and other decisions. SAE aims to combine the best features of Ethereum and Solana by building a parallelized Ethereum Virtual Machine (EVM) on a high-performance infrastructure. This expansion of the design space for developers allows for more scalable and diverse applications beyond the limitations of the current Ethereum L1.
The Importance of Parallelization in Blockchain
Parallelization is the idea of using multiple cores to run transactions simultaneously, allowing for better performance on blockchains. While Solana has successfully implemented parallelization, the Ethereum Virtual Machine (EVM) and other EVM chains have yet to adopt this approach. SAE aims to push the boundaries of EVM by developing the first parallelized EVM, which could result in a significant improvement in output, scalability, and user experience on the Ethereum network.
The Future of L1 Landscape: Winner Takes Most
In the long term, the L1 blockchain landscape is likely to have a winner-takes-most market, with a few dominant general-purpose chains, such as Ethereum L1 and Solana, capturing most of the developer and user activity. SAE aims to be one of these major chains, offering a bigger design space for developers and bridging the gap between Web2 and Web3 by providing a seamless developer and user experience.
Building a Strong Ecosystem and Community for SAE
SAE recognizes that technology alone is not enough for success. Building a strong ecosystem and community is crucial. SAE has been actively working on community engagement and has seen increased activity, particularly in NFTs, after a meme campaign involving the SEI name. The formation of an organic community incentivizes more developers to join and contribute to the SAE ecosystem. The success of SAE depends on attracting developers and forming a vibrant and engaged user community.
Jay Jog is the Co-Founder of Sei Labs. Sei is the fastest Layer 1 blockchain, designed to scale with the industry. In this conversation, we talk about the evolution of the L1 landscape from Bitcoin, Ethereum, Solana, to Sei, various tradeoffs, use cases, what the L1 landscape looks like in the future, and what Sei does.
=======================
This episode is brought to you by Frec — Just as easy as investing in an ETF, Frec Direct Indexing can help you earn more by unlocking tax savings, no matter the market. Done for you, automatically. Check them out at https://frec.com/
=======================
BetOnline.ag is a proud sponsor of the the Pomp Podcast. Use crypto to bet on sports, play poker and enjoy casino games at BetOnline. Visit https://promotions.betonline.ag/pomp and use promo code POMP100 to receive a 100% matching bonus on any crypto deposit. BetOnline boasts no crypto transaction fees, and processing is anonymous, instantaneous and secure.
=======================
Pomp writes a daily letter to over 250,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode