17675
Dogan
@doganeth #17675
Researcher
Co-author of EIP-7212
Ex- @getclave
4018 Follower 213 Following
Oh, Ethereum's north star is down 15%
I also think the same.
Ethereum has had network effects in the past, but now it is just a few big isolated rollups.
We need sync or at least async composability ASAP - to bring network effects and new developers.
Let's give a concrete example:
Assume you're an app builder on Base and have built a stablecoin wallet.
Base has everything you need to attract new users and create distribution channels for your stablecoin product. However, when you want to go beyond just p2p transfers and implement Ethena products into your app, you simply can't. You need to go multichain first, which is not possible without extra trust assumptions. If you're a Smart Contract wallet, then the situation is worse than EOAs.
https://x.com/mteamisloading/status/1868365011397296169
Ethereum has had network effects in the past, but now it is just a few big isolated rollups.
We need sync or at least async composability ASAP - to bring network effects and new developers.
Let's give a concrete example:
Assume you're an app builder on Base and have built a stablecoin wallet.
Base has everything you need to attract new users and create distribution channels for your stablecoin product. However, when you want to go beyond just p2p transfers and implement Ethena products into your app, you simply can't. You need to go multichain first, which is not possible without extra trust assumptions. If you're a Smart Contract wallet, then the situation is worse than EOAs.
https://x.com/mteamisloading/status/1868365011397296169
Lots of debates around Ethereum.
(Almost) Zero debates around Bitcoin or other alt L1's.
This is bullish, not bearish.
(Almost) Zero debates around Bitcoin or other alt L1's.
This is bullish, not bearish.
They say ETH is underperforming because lack of north star
Then, what is XRP’s north star?
Then, what is XRP’s north star?
Everyone is buzzing about increasing the L1's gas limit, pretending every application needs strict global consensus.
The reality is different, not every application needs strict global consensus. Read from @polynya
https://polynya.mirror.xyz/B6sXybxh21xliL4XDxvX1X86UE4NmkTvcCHexxEa4PU
The reality is different, not every application needs strict global consensus. Read from @polynya
https://polynya.mirror.xyz/B6sXybxh21xliL4XDxvX1X86UE4NmkTvcCHexxEa4PU
Separating the Working and Daily laptops made my productivity 100x.
I highly recommend it if you have a chance to do so.
I highly recommend it if you have a chance to do so.
Life's good
Just claimed my WCT tokens, excited to join the WalletConnect Network community 🤝
check if you're eligible for season 1 of the airdrop → airdrop.walletconnect.network
check if you're eligible for season 1 of the airdrop → airdrop.walletconnect.network
Ethereum is more than "online" casinos.
Protocols without a meaningful product fail. If you build a protocol, you have to also show the usefullness
See great examples:
Farcaster (Protocol) Warpcast (product)
Op Stack (protocol) Optimism Mainnet (product)
Eigenlayer (protocol) Eigen DA (product)
See great examples:
Farcaster (Protocol) Warpcast (product)
Op Stack (protocol) Optimism Mainnet (product)
Eigenlayer (protocol) Eigen DA (product)
Ethereum's biggest UX problem is not Account Abstraction or VM but the lack of native interop across rollups.
Even with 7702 or 7561, the lack of interoperability will be the first problem that consumer-facing applications face.
Even with 7702 or 7561, the lack of interoperability will be the first problem that consumer-facing applications face.
Maybe a noob question, but can someone please tell me what the difference is between transaction ordering and sequencing?
And where do preconfs fit?
And where do preconfs fit?
They are fudding devcon because it is developer centric
Bro, the name of the conference is dev-con
Bro, the name of the conference is dev-con
I'm spending some time on Ethereum's rollups’ interop.
Shill me the best articles & blog posts for Rollups Interoperability.
Shill me the best articles & blog posts for Rollups Interoperability.
Watching Justin Drake is be like;
He is better than all the teachers I had in my life.
He is better than all the teachers I had in my life.
Economy -> global economy -> onchain global economy
My personal opinions & first thoughts about Beam Chain.
The idea is simple;
- We have too many possible improvements on the L1 consensus.
- However, we don't have any dedicated "paths" to move forward and get these improvements on the L1.
- Beam gives an overview & possible paths to get needed improvements to ETH L1 consensus.
The beam chain is an independent chain that works simultaneously with the Beacon. After getting all the improvements and tests done, the Beam chain will be replaced (or merged, idk how to call it) with Beacon.
This refers to a "batched" subset of optimizations on Ethereum.
The idea is great, and I'm sure ETH devs will execute it perfectly,
However, the idea of continuing with the same Beacon chain until 2029 does not seem to be the best thing we can do.
The idea is simple;
- We have too many possible improvements on the L1 consensus.
- However, we don't have any dedicated "paths" to move forward and get these improvements on the L1.
- Beam gives an overview & possible paths to get needed improvements to ETH L1 consensus.
The beam chain is an independent chain that works simultaneously with the Beacon. After getting all the improvements and tests done, the Beam chain will be replaced (or merged, idk how to call it) with Beacon.
This refers to a "batched" subset of optimizations on Ethereum.
The idea is great, and I'm sure ETH devs will execute it perfectly,
However, the idea of continuing with the same Beacon chain until 2029 does not seem to be the best thing we can do.
Only a few are aware that Istanbul's Stock Exchange has an RWA-focused EVM blockchain that;
- Is being validated by big banks (or financial institutions in Turkiye)
- Is private (only the government can see the transactions)
- has a product called BIGA, which is an onchain gold that Turkey's Treasury Bank issues.
- Is live, and Turkish citizens can now use it on their mobile bank applications.
The picture below is the diagrams that I used to explain why a ZK-based Rollup on Ethereum would be beneficial for bringing interop to their chain.
https://takaschain.takasbank.com.tr/index-en.html
- Is being validated by big banks (or financial institutions in Turkiye)
- Is private (only the government can see the transactions)
- has a product called BIGA, which is an onchain gold that Turkey's Treasury Bank issues.
- Is live, and Turkish citizens can now use it on their mobile bank applications.
The picture below is the diagrams that I used to explain why a ZK-based Rollup on Ethereum would be beneficial for bringing interop to their chain.
https://takaschain.takasbank.com.tr/index-en.html
I don’t know why but I’m so excited about zkTLS.
I’ll spend some time on that after my vacation.
I’ll spend some time on that after my vacation.
Some personal news:
This week was my last week at Clave.
From a hackathon to users' pockets, Clave was a fantastic journey. After 20 months of hard work, I'm so proud of what we've achieved, and I'm sure Clave will succeed. Although I'm leaving my full-time job, I'll continue to support Clave.
This week was my last week at Clave.
From a hackathon to users' pockets, Clave was a fantastic journey. After 20 months of hard work, I'm so proud of what we've achieved, and I'm sure Clave will succeed. Although I'm leaving my full-time job, I'll continue to support Clave.
This Week, in the Elastic Chain Ecosystem
- AbstractChain has announced that they're going to use Eigen DA
- Sophon has shared that they're going to use Avail DA
They have the same execution environment and different GTMs.
Modularity brings more use cases for Ethereum.
- AbstractChain has announced that they're going to use Eigen DA
- Sophon has shared that they're going to use Avail DA
They have the same execution environment and different GTMs.
Modularity brings more use cases for Ethereum.
Many projects assume that users don’t care about decentralization, which causes them to abandon it and shift towards centralized solutions.
I believe we should take a similar approach to what Apple did with privacy. In Apple’s early days, privacy wasn’t a big concern for most users, and their marketing efforts around it didn’t gain much traction.
However, when users became more tech-savvy and started valuing privacy, Apple’s products were the first choice because they had been building with privacy in mind all along.
I believe decentralization will follow a similar path in the crypto world. When users eventually demand more control over their data and assets, projects that stayed true to decentralization will be the ones people turn to.
Decentralization is the product - Ethereum
I believe we should take a similar approach to what Apple did with privacy. In Apple’s early days, privacy wasn’t a big concern for most users, and their marketing efforts around it didn’t gain much traction.
However, when users became more tech-savvy and started valuing privacy, Apple’s products were the first choice because they had been building with privacy in mind all along.
I believe decentralization will follow a similar path in the crypto world. When users eventually demand more control over their data and assets, projects that stayed true to decentralization will be the ones people turn to.
Decentralization is the product - Ethereum