185 - The Superchain Explained with Jesse Pollak & Ben Jones

Bankless

Tech News, Technology, News

4.7 • 1.2K Ratings

🗓️ 28 August 2023

⏱️ 92 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today’s episode we brought on repeat Bankless guests, Ben Jones, Co-Founder of Optimism and Creator of Base, Jesse Pollock.

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✨ DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-superchain

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Base! Coinbase’s Layer 2 has almost hit 1 million users in 2 weeks. It has more transactions per second than Ethereum mainnet. Jesse digs into the magnitude of this development. Base chain was built on Optimism’s tech stack. This is just 1 chain of many thousands we’ll see over the coming years. How do we tie them all together? Ben dives into all things Superchain. The Superchain is how we bring 1 billion people onchain.

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TIMESTAMPS

0:00 Intro
7:42 Base Launch Reflection
9:53 Optimism’s Reflection
11:35 Coinbase x Optimism Collaboration
17:14 OP Stack Incentives
23:43 Base’s Impressive Numbers
26:26 Explaining the Superchain
31:40 Why Join the Superchain?
33:55 The Law of Chains
45:26 The Coinbase Onchain Formula
51:15 Base Part of Optimism Governance
58:40 What About Other L2s?
1:04:56 Optimism Collective’s Fee
1:08:25 The Tech Behind the Superchain
1:13:34 Superchain Timeline
1:15:45 Fault Proofs
1:18:36 Risk Profile of Base
1:22:15 Optimism’s Governance Minimization
1:24:10 Wen Fault Proofs & Stages
1:30:00 How Many Clients Does Optimism Have?
1:33:36 Near Term Focus For Base
1:37:01 Near Term Focus For Optimism
1:38:27 Closing & Disclosures

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RESOURCES

Jesse Pollock
https://twitter.com/jessepollak

Ben Jones
https://twitter.com/ben_chain

The Law of Chains
https://gov.optimism.io/t/law-of-chains-v0-1-full-draft/6514

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures ⁠

Transcript

Click on a timestamp to play from that location

0:00.0	But Ben, you just introduced a newer structure, which seems to be a composition of many chains.
0:05.0	And you called that a super chain, okay?
0:09.0	Super chain.
0:10.0	How does the super chain idea tie to what Jesse was saying earlier of getting a billion people on chain?
0:18.0	Like, how important is this structural element?
0:20.0	Will they all come through independent chains?
0:22.0	Like, just paint the picture of how this new structure will impact the future here.
0:26.0	Welcome to Bankless, where we explore the front of your internet money and internet finance.
0:33.0	This is how to get started, how to get better, how to front-run the opportunity.
0:36.0	This is Ryan Sean Adams. I'm here with David Hoffman, and we are here to help you become more bankless.
0:42.0	We have two guests on today, and there's two parts of this episode.
0:44.0	The first part, we're talking about base.
0:46.0	In the second, we talk about the super chain.
0:48.0	What is base?
0:49.0	Base is coin bases, layer two.
0:51.0	We talked to Jesse, the creator of base, about how the launch went.
0:54.0	This is now two weeks, I think, something like that, from the launch of base.
0:57.0	There's almost a million users already, and there's more transactions per second on base than the Ethereum main net.
1:03.0	This chain was, of course, built using Optimism's tech stack, and we think this is one chain of many thousands of layer two chains that we'll see in the coming years.
1:11.0	And so how do we tie all of these things together?
1:14.0	We have Ben Jones on, who is a co-founder of Optimism to discuss that.
1:18.0	That is the second part of this episode where we discuss the super chain.
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