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@blindjake
Supercharging Data Availability with Anurag Arjun - The Founder of Avail | EP #98
Every Base Layer is Going to be a DA Layer
AI Key Takeaways
- Every base layer blockchain will become a data layer
- Data will be optimized for exhibition and in little not
@blindjake
How will Rollups Decentralize? Proof-of-Governance and more
Ramifications of Decentralizing the Sequencer Willy Nilly
AI Key Takeaways
- SWAV aims to decentralize the current centralized server model by running builders inside trusted execution environments (TEs)
- Decentralizing the sequencer in a completely permissionless and trustless manner is a difficult problem
- Roll-ups have a different trust requirement compared to Ethereum validators and can make more trade-offs
- Governance can choose trusted sequencers and hold them accountable for malicious behavior
- Roll-ups currently lack perfect privacy-preserving technology and may need to make trade-offs in the interim
@blindjake
How will Rollups Decentralize? Proof-of-Governance and more
Control of rollup keys > important than decentralization of sequencer. RUs have diff gov than ETH.
AI Key Takeaways
- Decentralizing the sequencer is a lower priority compared to controlling the contract itself.
- Governance and control of roll-ups are fundamental and important questions.
- The person or entity controlling the governance mechanism is more important than the sequencer mechanism.
- Decentralizing the sequencer does not necessarily solve issues like censorship resistance or monopolistic pricing.
- The focus should be on constraining the powers of the sequencers rather than rushing to decentralize them.
- Active governance on roll-ups is expected and should be embraced.
- Roll-ups need to make different trade-offs on MEV compared to Ethereum.
@blindjake
ROLLUP: What BlackRock's Bitcoin ETF Means For Crypto
Converting Polygon PoS (an L1) to L2 on Ethereum: The Potential Playbook for Other L1s
AI Key Takeaways
- Data stored off-chain in ZKVM Validium can make funds inaccessible if polygon validators go offline.
- Storing data on Ethereum L1 can provide more security than the polygon POS chain but still relies on validators.
- EIP 4844 can allow polygon to store data on Ethereum L1 for lower costs and full roll-up benefits.
- Users can choose to store data themselves or on Ethereum L1 for the same guarantees as a roll-up.
- Polygon's network effect makes ZKVM conversion bullish and sets an example for other L1s.
- ZK Validium prevents asset theft but allows operators to prevent asset retrieval.
- Griefing attacks are the primary concern with reduced incentives for malicious behavior.
- The use of Maddox daking provides additional protection against griefing and censorship.
- Details about Maddox slashing mechanism and implementation remain unclear.
@blindjake
ROLLUP: What BlackRock's Bitcoin ETF Means For Crypto
The Data Availability Problem with a ZK Polygon. Options for data posting: 4844, Self, Validators
AI Key Takeaways
- The problem of data availability is a significant challenge in cryptocurrency, including Ethereum.
- Ethereum aims to address this issue through sophisticated cryptography and the dank sharding roadmap.
- The storage and retention of data by POS chain validators varies, with some potentially discarding it after a certain period.
- Research has focused on scalable solutions for data availability guarantees while considering the cost and hardware requirements of storing and serving data.
- Ensuring data availability is crucial, even if only a subset of validators possess it.
- Dangshiding involves advanced cryptography, and its development is driven by the need for reliable data availability.
- Offering the option to fall back to Ethereum L1 can benefit users, particularly larger players who can afford higher fees.
- Providing choice to users is deemed important in addressing the complexities of data availability and storage in cryptocurrency.
@blindjake
178 - Is Crypto's Bear Market Almost Over? with Raoul Pal
The Probabilistic Framework for Crypto Trading. Where to get Qualititative Signals.
AI Key Takeaways
- There is no single source of truth in investing; it's about creating a probabilistic framework.
- Crypto Twitter can provide overall sentiment and potential opportunities, but it's important to evaluate emotions and threats behind narratives.
- Looking for individuals who discuss interesting topics from a non-emotional standpoint can provide valuable insights.
- Crypto Twitter can be toxic and filled with insults due to financial losses.
@blindjake
178 - Is Crypto's Bear Market Almost Over? with Raoul Pal
There’s Leaders and Laggers. ETH led. NFTs lag. Need new capital for NFTs. Need pos+ price for ETF.
AI Key Takeaways
- Throughout 2021, there were numerous top signals that were initially ignored but eventually played out in November of that year.
- In the past year, there have been multiple bottom signals in the crypto world, indicating a potential end to the pessimism.
- Despite mass pessimism and infighting, there are stronger signals and sources of confidence emerging.
- The pessimism is gradually drying up, and people may soon start recognizing the signals for what they are.
- ETH led the bottoming process, followed by NFTs, which are currently facing difficulties due to a lack of capital.
- The launch of a Bitcoin ETF, while not causing an immediate stampede, becomes powerful as prices rise.
- Most investors in the crypto space are momentum investors, and institutions have already done the necessary research on the market.
- As the darkness fades for NFTs, new capital is expected to flow into the space.
- In a typical cycle, Bitcoin outperforms initially, and as new capital enters, other parts of the crypto space also experience positive effects.
- The crypto space needs new capital as recycling of existing capital has been occurring.
- The relationship between ETH and Bitcoin performance is correlated to the business cycle and liquidity.
- When people start making money again, it is expected to flow throughout the space, leading to the outperformance of certain assets.
@blindjake
Restaking Alignment with Vitalik, Sreeram, Tim Beiko, Justin Drake, Dankrad & Jessy
One Shot Signatures: Using Quantum’s No-Clone Theorem to Turn Secrets into Superpositions of States.
AI Key Takeaways
- Trustless restaking can be unlocked through withdrawal contracts or by bootstrapping on top of existing slashing conditions.
- Making the withdrawal contract updateable can limit the risk of compromise and allow custody of funds.
- Restaking exposes users to potential slashing and may result in the loss of a large portion of funds.
- Removing slashing conditions can be achieved through one-shot signatures, a cryptographic primitive that destroys the signing key.
- Quantum mechanics and existing cryptography are combined to create one-shot signatures.
- 80% of neutering can be achieved through withdrawal credentials.
@blindjake
Are Hyperchains The Scaling End Game? | Alex Gluchowski, Anthony Rose
The people want Validiums. A Validium Hyperchain is Sovereign (if it fails, as long as funds are off, ur fine)
AI Key Takeaways
- Exciting partners are building their own hyper chains with different design choices and use cases.
- The early use cases include exploring what a validity would look like and keeping some state private.
- Interoperability with the broader ecosystem is important to the partners.
- Using external DA layers for data availability services does not compromise interoperability.
- Moving funds to another hyper chain ensures safety even if the original chain crashes or data availability fails.
@blindjake
Are Hyperchains The Scaling End Game? | Alex Gluchowski, Anthony Rose
Summary: ZK Stack lets you create network of Hyperchains (L2, L3, Validium). All share prover = native comms.
AI Key Takeaways
- The ZK stack enables the creation of a network of blockchains called hyperchains.
- The hyperchain can take the form of either an L2 or an L3, depending on the use case.
- The design of the hyperchain can vary, allowing for different security guarantees.
- The ZK stack encompasses the design space of the hyperchain and its position in the stack.
- Native communication between hyperchains is facilitated by a shared prover system.
- The description provided accurately summarizes the design space of the ZK stack.
@blindjake
Are Hyperchains The Scaling End Game? | Alex Gluchowski, Anthony Rose
Cosmos vs zk Stack ecosystem. dYdX moved to get more sovereignty. The bridges determine ecosystem properties.
AI Key Takeaways
- The original idea of Cosmos was to build the internet of blockchains.
- Ethereum is the internet of roll ups and will be the network of hyperchains.
- YDX had to move to Cosmos for more control and decentralization.
- The ZK stack is being built as an alternative that will actually work.
- The properties of an ecosystem are determined by how the bridges work.
- Hyper bridges in hyper chains enable seamless, cheap, one-click and trustless transactions.
- With hyper bridges, you rely on math, cryptography, and Ethereum only.
- With Cosmos chains, you rely on Cosmos validators and have to trust a group of people.
@blindjake
Are Hyperchains The Scaling End Game? | Alex Gluchowski, Anthony Rose
Standardization Across Ecosystems is Unlikely: “Users Have to Choose the Right Ecosystem”.
AI Key Takeaways
- The hyperchains are built around the idea of a common standard, but the specific components and circuits required are still being determined
- It's not possible to achieve seamless interaction and composability across multiple ecosystems, but trustless bridging between different roll ups is possible
- Users will have to choose a specific ecosystem to build in, as it will be challenging to switch later on
- There is a tension between standardization and ongoing innovation, with many improvements and optimizations still to come in proof systems
- Doing standardized proving within the framework of the ZK stack is compelling for consistent and shared benefits
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