1 Billion Users Onchain | Jesse Pollak of Base
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 2 May 2024
⏱️ 65 minutes
🧾️ Download transcript
Summary
While it's still early in the race, Base is now one of Ethereum’s largest L2s.
In today’s episode, we brought back on repeat guest and co-creator of Coinbase’s L2, Base, Jesse Pollak.
We cover:
- How Base plans to bring billions of users onchain
- How Base is increasing its scale by 400x
- How Coinbase is using Base to be more onchain
- Onchain Summer II
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TIMESTAMPS
0:00 Intro
4:41 Base’s First 8 Months
9:23 The Road to 1 Giga Gas Per Second
18:39 Why More Demand For Base?
21:26 Cost to Send Transactions on Base
23:59 Non-Ethereum DA Solution?
25:59 Scaling Via L3s on Base?
27:17 Parallelization Solution?
29:34 Will Base Make Transactions Free?
38:18 Coinbase's Relationship With Base
46:18 Base Is Centralized Critique
50:17 The Base Flywheel
57:46 Onchain Summer II
58:36 Next Target Demo to Come Onchain
1:00:42 Base Independence
1:02:19 1 Billion People Onchain
1:03:25 Closing & Disclosures
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RESOURCES
Onchain Summer II
https://www.base.org/
Jesse Pollak
https://twitter.com/jessepollak
Jesse’s 1st Base Episode
https://youtu.be/7dGU0_eEjq8
Coinbase
https://twitter.com/coinbase
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | I think that this is the decade of the world moving on chain and I think that we're going to see it faster than people anticipate |
| 0:05.8 | and so I don't know whether it will be in the next one to two years or the next three to five years but I really do believe that this is the decade |
| 0:11.7 | where we'll see it happen and by the end of the decade the whole world is going to be on chain. |
| 0:18.7 | Welcome to Bankless where we explore the on chain frontier with Bases Jesse Pollack co-creator of Bace. |
| 0:25.4 | We're here to explore how BACE is trying to get to 1 billion users on-chain. |
| 0:31.4 | We also are trying to get to how bass is trying to increase its scale by 400 X to 1 billion gigagas. We'll explain what that is in the show. |
| 0:41.0 | How coin base is using base to put more of |
| 0:44.5 | coin base on chain and where all of this leads to is on chain summer round two. |
| 0:49.5 | We've already done this once but we're about to do it again and then next summer we'll do it |
| 0:54.2 | again before we get into the conversation a message from our friends and sponsors over |
| 0:57.3 | at transporter a brand new bridging app called Transporter great name |
| 1:01.6 | why do we need it 2.8 billion dollars has been hacked from |
| 1:05.0 | token bridges, so it's always scary when we want to bridge across chains. That's 40% of all the |
| 1:09.8 | value that's been hacked in Web 3 has happened on a bridge. |
| 1:13.6 | How is transported any different? |
| 1:15.3 | They are secured by Chain Links CCIP. |
| 1:18.2 | They got some fantastic UX on their website and 24-7 support so you can Bridge |
| 1:22.4 | Eath, Link, U.Sith link USEC and more there is a |
| 1:24.9 | link in the show notes to try out transporter transporter. |
| 1:27.7 | transporter. I think this is a cool conversation David because we're talking about something that's very important in crypto which is number one |
| 1:35.2 | how we're scaling a theorem itself so this is a story about layer two's and how that scales and |
| 1:40.9 | especially in a world where we have blob space and also this is a case study for how a |
... |
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