Why Based Rollups Are Ethereum's Best Bet with Sam Battenally
Dec 12, 2024
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Sam Battenally, CEO of Rise and a tech innovator, dives into the world of based rollups, presenting a game-changing approach for Ethereum scaling. He explains how this method leverages Ethereum's existing validator network, enhancing security and infrastructure sharing. The conversation highlights the potential of innovations like parallel EVM engines and the emergence of the 'GigaGas era' for unlocking new blockchain applications. Battenally emphasizes the collaborative spirit in the industry and how each new rollup participant boosts liquidity and shared security.
Base rollups provide a revolutionary method for Ethereum scaling by utilizing the existing validator network to enhance security and efficiency.
The shift towards the 'giga gas' era emphasizes prioritizing gas per second, which aims to dramatically improve transaction throughput and usability.
Deep dives
The Excitement of a Bull Market
The current market indicates a renewed excitement in the Ethereum ecosystem, with a prevailing sentiment that the next 18 months will be transformative and full of innovation. This resurgence is primarily driven by a shift in focus from competing narratives about layer 2 scaling solutions to a more unified front that embraces Ethereum as the superior platform. Recent discussions highlight a shift away from past infighting within the community towards collaboration to enhance the Ethereum ecosystem. As the market evolves, teams are increasingly recognizing the importance of interoperability and building a robust foundation for growth, suggesting that Ethereum is poised for a period of significant expansion.
Base Rollups: Enhancing Scalability and Interoperability
Base rollups are emerging as a vital part of Ethereum’s scalability strategy, enabling a more integrated ecosystem by leveraging Ethereum’s validator network. This approach allows new rollups to deploy their stacks without needing to create separate consensus layers, enhancing efficacy and facilitating collaborative growth. The interconnectedness offered by base rollups not only encourages competitiveness among different projects but also fosters a sense of community as these projects recognize the mutual benefits of collaboration. With more rollups joining the ecosystem, the advantages of this model are expected to amplify, creating a more efficient and accessible platform for developers and users alike.
The Giga Gas Era: Reimagining Transaction Metrics
The move into the 'giga gas' era represents a pivotal shift in how transaction performance is measured and optimized within blockchain ecosystems. This approach prioritizes gas per second as a more effective metric than transactions per second, setting ambitious goals for throughput that could dramatically enhance usability. Current advancements aim for significant increases in Ethereum's capacity, projecting the potential for up to 100,000 transactions per second within the upcoming months. Such improvements are poised to unlock new levels of innovation among developers, inviting creative solutions and applications previously deemed impractical under existing limitations.
Building for the Future: Challenges and Opportunities
While the advancements in base rollups and gigagas are promising, several challenges must be addressed for the ecosystem to reach its full potential. Key concerns include the need for widespread validator adoption in pre-com protocols and effective solutions to state access and state bloat issues. The ongoing collaboration among teams is essential to tackle difficult technical problems, such as creating shared blob space and ensuring synchronous composability among rollups. The anticipated development within this collaborative framework is expected to transition Ethereum towards a more cohesive and user-friendly environment that enhances scalability and supports a vibrant ecosystem.
For today's episode, were taking a deep dive into based rollups to answer the following question:
Could the next breakthrough in Ethereum scaling come from working with the network rather than around it?
While most rollup solutions build separate consensus layers, an intriguing new approach called based rollups takes a different path – leveraging Ethereum's existing validator network to sequence blocks.
Rather than creating parallel consensus mechanisms, based rollups tap directly into Ethereum's established validator set. This creates a more cohesive ecosystem where rollups share both infrastructure and security.
The Rise team is pioneering this approach with innovations like parallel EVM engines and versioned Merkle trees. Their solution becomes particularly compelling as more based rollups join the ecosystem, and better composability properties are unlocked.
The benefits compound naturally – each new participant contributes to shared security costs and improves liquidity efficiency. This network effect, combined with the emergence of the "GigaGas era," could enable entirely new categories of blockchain applications.
Enjoy.
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𝗗𝗜𝗦𝗖𝗟𝗔𝗜𝗠𝗘𝗥: 𝘐𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨 𝘪𝘯 𝘤𝘳𝘺𝘱𝘵𝘰𝘤𝘶𝘳𝘳𝘦𝘯𝘤𝘺 𝘢𝘯𝘥 𝘋𝘦𝘍𝘪 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮𝘴 𝘤𝘰𝘮𝘦𝘴 𝘸𝘪𝘵𝘩 𝘪𝘯𝘩𝘦𝘳𝘦𝘯𝘵 𝘳𝘪𝘴𝘬𝘴 𝘪𝘯𝘤𝘭𝘶𝘥𝘪𝘯𝘨 𝘵𝘦𝘤𝘩𝘯𝘪𝘤𝘢𝘭 𝘳𝘪𝘴𝘬, 𝘩𝘶𝘮𝘢𝘯 𝘦𝘳𝘳𝘰𝘳, 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮 𝘧𝘢𝘪𝘭𝘶𝘳𝘦 𝘢𝘯𝘥 𝘮𝘰𝘳𝘦. 𝘈𝘵 𝘤𝘦𝘳𝘵𝘢𝘪𝘯 𝘱𝘰𝘪𝘯𝘵𝘴 𝘵𝘩𝘳𝘰𝘶𝘨𝘩𝘰𝘶𝘵 𝘵𝘩𝘪𝘴 𝘤𝘩𝘢𝘯𝘯𝘦𝘭, 𝘸𝘦 𝘮𝘢𝘺 𝘦𝘢𝘳𝘯 𝘢 𝘤𝘰𝘮𝘮𝘪𝘴𝘴𝘪𝘰𝘯 𝘰𝘳 𝘧𝘦𝘦 𝘢𝘴 𝘢 𝘴𝘱𝘰𝘯𝘴𝘰𝘳𝘴𝘩𝘪𝘱, 𝘪𝘧 𝘵𝘩𝘪𝘴 𝘪𝘴 𝘵𝘩𝘦 𝘤𝘢𝘴𝘦 𝘸𝘦 𝘸𝘪𝘭𝘭 𝘢𝘭𝘸𝘢𝘺𝘴 𝘮𝘢𝘬𝘦 𝘴𝘶𝘳𝘦 𝘪𝘵 𝘪𝘴 𝘤𝘭𝘦𝘢𝘳. 𝘞𝘦 𝘢𝘳𝘦 𝘴𝘵𝘳𝘪𝘤𝘵𝘭𝘺 𝘢𝘯 𝘦𝘥𝘶𝘤𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘤𝘰𝘯𝘵𝘦𝘯𝘵 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮, 𝘯𝘰𝘵𝘩𝘪𝘯𝘨 𝘸𝘦 𝘰𝘧𝘧𝘦𝘳 𝘪𝘴 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘞𝘦 𝘢𝘳𝘦 𝘯𝘰𝘵 𝘱𝘳𝘰𝘧𝘦𝘴𝘴𝘪𝘰𝘯𝘢𝘭𝘴 𝘰𝘳 𝘭𝘪𝘤𝘦𝘯𝘴𝘦𝘥 𝘢𝘥𝘷𝘪𝘴𝘰𝘳𝘴.
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