Bankless

SotN#25 - Road to Ethereum 2.0 w/ Ryan Watkin & Wilson Withiam of Messari

Dec 2, 2020
Ryan Watkins and Wilson Withiam from Messari Crypto delve into the groundbreaking 'Road to ETH 2.0' report, uncovering the thrilling launch of Ethereum 2.0 and its implications for the crypto landscape. They discuss the scalability trilemma faced by Ethereum, offering insights into innovations like sharding and proof of stake. The duo also tackles Ethereum's evolving monetary policy and its classification as a 'triple point asset.' Together, they illuminate the community's role in shaping Ethereum's narrative and its potential to transform global finance.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

Scalability Trilemma

  • The Scalability Trilemma describes the trade-off between decentralization, security, and scalability in blockchains.
  • Ethereum 2.0 aims to solve this by using sharding, which partitions the blockchain to process transactions in parallel.
INSIGHT

Block Space Usage

  • Ethereum block space usage has remained consistently high since the 2017 ICO boom, further highlighting the need for scaling solutions.
  • The DeFi summer of 2020 pushed block usage to near capacity, demonstrating the network's growing adoption.
INSIGHT

Ethereum Fees

  • Increased Ethereum fees are a direct consequence of high block space demand.
  • This highlights the user's perspective and the need for affordable transactions.
Get the Snipd Podcast app to discover more snips from this episode
Get the app