#42 – Andrew Huang on Conduit and scaling onchain compute
Oct 18, 2024
auto_awesome
In this engaging discussion, Andrew Huang, founder and CEO of Conduit, delves into the future of blockchain and on-chain compute. He compares traditional cloud computing with on-chain solutions, highlighting scalability challenges in gaming. The conversation explores the importance of parallel execution for enhancing user experience and the necessity of improving blockchain interoperability. Huang also touches on the evolving crypto landscape and the impact of notable events like the FTX collapse, all while weaving in a lighthearted nod to anime storytelling.
Application developers can significantly enhance scalability by architecting smart contracts that strategically utilize both on-chain and off-chain computations.
Embracing a parallel execution mindset allows developers to improve gas throughput by accessing independent sets of state simultaneously, overcoming EVM limitations.
Deep dives
Architecting for On-Chain Compute
Application developers can enhance scalability by thoughtfully architecting their smart contracts for on-chain compute. By bringing essential elements on-chain, such as pivotal in-game transactions while keeping less critical components off-chain, they can leverage the advantages of blockchain, including transparency and security. For example, in the game Pirate Nation, crucial actions like winning battles are recorded on-chain, ensuring fairness and ownership. This approach allows developers to harness the capabilities of on-chain compute, enabling more players and transactions without hitting gas limits.
Navigating Parallel Execution
Moving beyond current limitations requires application developers to embrace a parallel execution mindset. By designing applications that can access independent sets of state simultaneously, they can bypass constraints associated with the single-threaded nature of the EVM. The adoption of parallelism can drastically increase gas throughput, making it feasible for applications that handle significant user traffic. As the need for scalability grows, developers must adapt their designs to facilitate this shift and maximize performance.
Interoperability Challenges
Interoperability between layer twos hinges on user experience and ease of access to various applications across different chains. Users desire a seamless transition between apps without needing extensive knowledge about the underlying infrastructure or bridging processes. Tools that streamline access and reduce friction in asset movement are emerging, which can enable a smoother experience for users. However, true composability may remain constrained, emphasizing the importance of reducing complexity for everyday users.
Economic Implications of Rollups
Rollups represent a transformative economic model for application development in the crypto space, allowing teams to create their own chains and optimize their cost structures. By moving from congested public chains to their own infrastructures, teams can reclaim transaction fees and foster sustainable business models. For instance, the game Proof of Play demonstrated that running their own rollup significantly reduced costs compared to operating on a shared chain. This shift not only enhances developer economics but also facilitates unique opportunities for scaling applications in a way that was untenable on traditional public chains.
Disclaimer: this podcast is for informational purposes only. It is not financial advice nor a recommendation to buy or sell securities. The host and guests may hold positions in the projects discussed.
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode