Bankless 205 - The State Of Ethereum L2s
Jan 15, 2024
Georgios Konstantopoulos, CTO of Paradigm and an expert in Ethereum Layer 2s, joins Andrew Huang, founder of Conduit, to explore the evolving landscape of Ethereum's Layer 2 solutions. They discuss the benefits and challenges of different roll-up strategies, the need for interoperability among blockchains, and the impact of the Superchain concept. Their insights also touch on the balance between having a few unified options versus many specialized roll-ups, as well as the importance of security and cost in shaping the future of the Ethereum ecosystem.
AI Snips
Chapters
Transcript
Episode notes
State of Ethereum L2s
- Ethereum Layer 2 rollups exist and hold almost $20 billion, a 10x increase this year.
- Rollup security is improving with more fault proofs and security councils, but permissioned entities still control them.
L2 Obstacles
- Key obstacles for L2s include decentralization, security (multisigs governing rollups), and robust tooling.
- Tooling needs to be extensible for different opcodes and pre-compiles to support L2 innovation.
Building with Conduit
- Launching production-ready rollups is difficult, but rollup-as-a-service (RaaS) providers like Conduit simplify this process.
- RaaS allows developers to focus on building applications rather than infrastructure.