Bankless 186 - The Blockchain Trilemma - ETH Vs SOL Vs ATOM with Mike Ippolito
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Sep 4, 2023 In this conversation, Mike Ippolito, co-founder of Blockworks and host of the Bell Curve podcast, delves into the blockchain trilemma and the competitive landscapes of Ethereum, Solana, and Cosmos. He discusses each blockchain's unique approaches to scalability, security, and decentralization. The talk also ventures into the philosophical divides of state-sponsored versus free-market development, the role of validators, and the innovative solutions enhancing Ethereum's capabilities like rollups and zero-knowledge proofs.
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Blockchain Spectrum
- Blockchains exist on a spectrum from decentralized (like Bitcoin) to centralized (like Binance).
- Each chain makes trade-offs between scalability, decentralization, and security.
Validator Roles and Trilemma
- Different blockchains prioritize different aspects of the trilemma.
- These priorities stem from how each chain views the role of its validators.
Solving Trilemma
- All blockchains aim to solve the scalability trilemma, but with different approaches.
- Solana focuses on scalability and security, prioritizing a single, shared state.