Bankless EVM Equivalence | David Reads
Apr 30, 2022
Dive into the exciting world of EVM equivalence, where the future of Ethereum unfolds! Learn how unifying the ecosystem could revolutionize cross-chain functionality. Explore innovative solutions for enhancing liquidity in blockchain staking and bridging. The podcast also tackles the crucial last mile problem, drawing parallels between decentralized finance and natural systems. Discover retroactive public goods funding as a game-changing strategy for fostering infrastructure and innovation. It's all about scaling and community engagement!
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EVM Equivalence Defined
- EVM equivalence means complete alignment with the Ethereum Virtual Machine specification.
- This design philosophy minimizes differences, blurring the lines between Ethereum L1 and L2 rollups.
Compatibility vs. Equivalence
- EVM compatibility recreates parts of Ethereum, losing network effects.
- True EVM equivalence copies the entire EVM, maximizing network effects and tool compatibility.
The City Metaphor
- Open-source code is like a city, emergently built by many developers solving problems.
- EVM-ish chains are like Vegas versions of Paris—artificial replications of organic creations.