Bankless Do Based Rollups Solve Everything? | Justin Drake
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Nov 4, 2024 Justin Drake, an Ethereum researcher known for his innovative work on Based Rollups, joins the discussion about the future of Ethereum. He explains how these rollups could revolutionize the Ethereum ecosystem, enhancing interoperability and reducing fragmentation in DeFi. The conversation delves into the mechanics of shared sequencing and real-time proving, as well as the economic implications for Ether and competition with other platforms. Drake's insights spark hope for a more efficient and interconnected blockchain landscape.
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Based Rollups: A Promising Solution
- Based rollups promise to solve Ethereum's fragmentation and value accrual issues.
- They aim to unify liquidity and secure greater fees for ETH validators.
Rollup Progress and Challenges
- Rollups have successfully reduced fees and improved security through fraud and validity proofs.
- However, they've introduced fragmentation, impacting composability and network effects.
Ethereum's Order of Operations
- Creating the fragmentation problem with multiple rollups was a necessary step.
- Now, Ethereum is in the interoperability phase, filling the gaps and enhancing network effects.