Converting Polygon PoS (an L1) to L2 on Ethereum: The Potential Playbook for Other L1s

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The conversion of Polygon PoS to ZKVM Validium brings more security and the potential for other Layer 1 (L1) chains to follow suit. The ZK part of ZKVM ensures that your assets cannot be stolen, only frozen. This greatly reduces the attack surface and incentivizes less malicious behavior. Additionally, the presence of Maddox staking offers further protection against grievances or censorship. While the specifics of slashing mechanisms and implementation details are unclear, the move to ZK Validium presents a promising opportunity for other L1 chains to achieve similar security and benefits.

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------ Timestamps & Resources

00:00 Intro

4:46 MARKETS https://blockworks.co/news/ethereum-staked-to-flip-eth https://www.theblock.co/data/on-chain-metrics/ethereum/cumulative-eth-deposited-to-beacon-chain-and-validators https://www.theblock.co/data/on-chain-metrics/ethereum/cumulative-eth-deposited-to-beacon-chain-and-validators https://twitter.com/eigen_intern/status/1671178301149265920?s=20

18:16 Blackrock Bitcoin ETF https://twitter.com/Delphi_Digital/status/1671221306413416461?s=20 https://www.coindesk.com/business/2023/06/15/blackrocks-ishares-files-paperwork-for-spot-bitcoin-etf/?utm_source=twitter&utm_term=organic&utm_medium=social&utm_campaign=coindesk_main&utm_content=editorial https://www.sec.gov/Archives/edgar/data/1980994/000143774923017574/bit20230608_s1.htm https://twitter.com/fintechfrank/status/1671135185545441280 https://twitter.com/jchervinsky/status/1669502687749054465?s=20 https://twitter.com/coinbureau/status/1671805994039492609?s=20

26:08 Fidelity, Charles Schwab and Citadel launch a CEX https://www.businesswire.com/news/home/20230620110605/en/Digital-Asset-Platform-EDX-Markets-Begins-Trading-and-Completes-New-Funding-Round https://www.linkedin.com/feed/update/urn:li:activity:7076934393608511488/ https://edxmarkets.com/join-edx/ https://twitter.com/ramahluwalia/status/1671218922589175810?s=20 https://www.coindesk.com/business/2023/06/20/new-crypto-exchange-backed-by-fidelity-schwab-and-citadel-launches/

33:42 Polygon 2.0 https://polygon.technology/blog/polygon-2-0-polygon-pos-zk-layer-2?utm_source=twitter&utm_medium=social

47:40 ZachXBT Lawsuit https://twitter.com/zachxbt/status/1669783717236342785?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g https://twitter.com/machibigbrother/status/1670819142050652160?s=20 https://twitter.com/BanklessHQ/status/1669807545194803200?s=20

57:05 Goose Sells For $5.4M https://twitter.com/Sothebysverse/status/1669441570863566875?s=20

1:02:09 Fortnite x Nike .swish https://www.epicgames.com/help/en-US/fortnite-c5719335176219/epic-accounts-c5719365892123/earn-achievements-on-swoosh-a16225767406107

1:05:00 Metamask Integrates Conext Network https://twitter.com/ConnextNetwork/status/1669718823484764161

1:10:25 Questions From The Nation https://discord.com/channels/615592155481767941/1058053004705669211/1119374915565523164 https://discord.com/channels/615592155481767941/1058053004705669211/1121292294054760508

1:20:51 Takes of the Week https://twitter.com/ercwl/status/1670482207956168705?t=hInEHE4udRw9PEN_oe3KyA&s=19 https://twitter.com/nixorokish/status/1670484525472952320 https://twitter.com/cburniske/status/1671556663864619010

1:32:33 What Are We Bullish On

1:40:02 Risks And Disclaimers

---- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

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