Josh Tobkin, co-founder and CEO of Supra—a layer-one blockchain focused on full vertical integration—challenges the crypto landscape by proposing significant innovations. He discusses how Supra aims to address the blockchain trilemma and enhance inter-blockchain communication. The episode delves into decentralized oracles and containers, showcasing how they improve efficiency and profitability for developers. Tobkin also emphasizes the need for ethical considerations and community engagement in the evolving world of cryptocurrency.
Supra's layer one blockchain positions itself as a comprehensive platform that integrates essential functionalities like decentralized oracles and cross-chain communication to enhance performance.
The speaker criticizes layer two and three solutions for complicating liquidity and composability, arguing for advancements solely in layer one infrastructure to achieve true blockchain efficiency.
Deep dives
Critique of Layer Solutions
The speaker expresses strong opposition to both layer two and layer three blockchain solutions, emphasizing that they complicate composability and liquidity within ecosystems. They argue that Ethereum's pivot to layer twos was a reactionary measure rather than a planned strategy, originally intended as a scalably focused layer one system. This critique suggests a belief that true performance and functionality should be achieved through advancements in the layer one infrastructure itself. The speaker advocates for the development of all-in-one solutions that can integrate the essential capabilities typically relegated to secondary layers.
Introduction to Supra
Supra is presented as a high-performance layer one blockchain designed to incorporate essential functionalities such as decentralized oracles, cross-chain communication, and automation. The speaker describes Supra as a comprehensive platform that merges the strengths of existing protocols, enabling advanced features like high throughput and low latency evaluations. They emphasize the importance of decentralized automation to create a 'world computer' that can communicate and execute transactions effectively within multiple blockchain environments. As a vertical integration-focused project, Supra aims to provide a unified infrastructure that caters to diverse use cases and applications.
Innovative Network Architecture
Supra employs a unique network architecture that combines batch transaction production with on-chain randomness to achieve high throughput and rapid consensus finality. By organizing nodes into tribes and clans, the system can efficiently disseminate transaction data and validate its availability, allowing for lightning-fast processing times. The speaker highlights this architecture as a significant advancement over traditional blockchains, noting that it is optimized for both performance and security through its design. This approach also enables the possibility of smart contracts that can intelligently respond to external conditions, further enhancing the platform's capabilities.
Future Vision for Supra
Looking ahead, the speaker envisions a comprehensive rollout of various features that will solidify Supra’s position as a leading blockchain platform by incorporating EVM support, automation, and dynamic function market makers. They aim to introduce innovative solutions like Supra containers, which would allow developers to create their own customized environments while retaining composability and shared liquidity across the network. The ultimate goal is to empower a wide range of decentralized applications and foster a thriving ecosystem where performance and collaboration are paramount. The speaker also mentions ambitions to implement a liquid democracy for network governance, promoting a more equitable system for decision-making that could serve as a model for broader societal governance.
Ethereum and Solana should copy this layer one blockchain - at least; that's what it's founder and CEO, Josh Tobkin says. Supra labels itself as a disruptive technology; one that is both competitive and complimentary to the existing landscape. But in an industry where people leave layer 1 tech innovation to incumbents, Supra backs up it's value prop with investments from Coinbase, Animoca, Hashed, Hashkey, Galaxy, and more.