Zero Knowledge

A Rollup-Centric Future & Sovereign Chains with Mustafa Al-Bassam

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Mar 15, 2023
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ANECDOTE

Mustafa's Blockchain Journey

  • Mustafa Al-Bassam's interest in blockchain began with Bitcoin around 2010, sparked by a fascination with peer-to-peer networks.
  • He later transitioned to Ethereum due to its innovative smart contract platform and the more technologically open community.
INSIGHT

Origins of Separating Execution and Consensus

  • The concept of separating execution from consensus predates blockchain technology itself.
  • Early examples include Mastercoin (Tether's system) which is technically a rollup on Bitcoin, leveraging Bitcoin for ordering but not execution.
ANECDOTE

Mastercoin and Bitcoin's Data Capacity

  • Mastercoin used Bitcoin's OP_RETURN opcode (or creative address encoding) to include arbitrary data.
  • Today, Taproot scripts allow embedding larger files, like JPEGs, directly on the Bitcoin blockchain.
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