Bankless EthCC 2023: Everything You Missed
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Jul 30, 2023 This discussion dives into the key takeaways from EthCC 2023, emphasizing the evolution of Ethereum protocols like EIP 4844. It unveils innovations in ZK roll-ups and how the Boojum upgrade enhances verification on consumer hardware. The rise of DeFi super apps showcases the integration of decentralized stablecoins and Layer 2 innovations, enhancing user experience. Finally, there's a focus on making crypto protocols more accessible to daily users, linking traditional finance with the crypto landscape, and encouraging community participation.
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Protocols as Commodities
- Protocols are becoming commodities as compute costs near theoretical minimums.
- Dank Sharding exemplifies this trend, enabling cheaper Layer 2 scaling.
DeFi Convergence and Layer 2s
- DeFi apps are converging into vertically integrated super apps, mirroring traditional finance.
- Layer 2 SDKs are driving a Cambrian explosion of chains, awaiting consumer adoption.
Focus on Consumers
- Focus on building consumer-facing apps now that crypto infrastructure has matured.
- Cheaper block space allows for subsidized user acquisition and new revenue models.