Uncommon Core 2.0

The Merge (Part 1) - with Danny Ryan, Tim Beiko, and Hasu

May 12, 2022

01:10:30

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Highlights

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Episode notes

Is Proof of Stateent or Proof of Work a Good Thing?

02:30

Proof of Stake vs Proof of Work

05:22

Proof of Work or Proof of Stake?

02:34

Introduction

3min

The Proof of Stake Finality Gadget

3min

Using a Proof of Work Chain, We're Bringing It Together

2min

Is Proof of Stake a Proposal?

4min

Proof of Stake vs Proof of Work

5min

Is There a Way to Decide Who the Next Block Producer Is?

3min

Proof of Work or Proof of Stake?

3min

Bitcoin Mining

5min

Is Proof of Stateent or Proof of Work a Good Thing?

3min

10.

Proof of Stake Is Cheaper Than Proof of Work

2min

11.

Is There a Cost of Capital in Lidel Mining?

2min

12.

Proof of Work

2min

13.

The Merge of Proof of Work and Proof of Stake

5min

14.

Using the Heavy Valuable and Secure Canonical Chain?

3min

15.

The Consensus and Execution Layers of the Beacon Chain

2min

16.

Is the Merge a Consensus Client?

2min

17.

Is There a Reason Why We Want So Many Clients?

2min

18.

Isn't This More Dangerous?

2min

19.

Is It a Protocosso?

5min

20.

Is There a Benefit to Diversification of Execution?

4min

21.

How to Prepare and Test for a Massive Uprate

5min

22.

Can We Hack Together Like a Post Merger Prototype?

5min

Listen to conversations between two veterans of the crypto industry: Su Zhu, CEO and CIO of Three Arrows Capital, and Hasu, Strategy lead at Flashbots. Exploring the big ideas in crypto from first principles.

In this episode, Hasu sits down with two Ethereum Foundation researchers, Danny Ryan and Tim Beiko, to explore Ethereum's upcoming transition to PoS. Topics discussed include:

Why do blockchains need consensus?
How does PoW consensus work today, and how will it change after PoS?
What happens between the last block of PoW and the first block of PoS?
The role of client modularity and diversity
How to test for such an important upgrade

00:00 Intro and guests 03:02 Proof of Stake since 2017 08:18 PoS - Idea to production 12:24 Why do Blockchains need consensus? PoW & PoS Basics 22:21 Why switch to PoS? 37:03 The Merge - How does it happen? 45:14 The Merge - Unbundling of the Consensus & Execution layer 1:01:45 How do you test for such an important upgrade? 1:09:55 End

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