205 - The State Of Ethereum L2s
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 15 January 2024
⏱️ 76 minutes
🧾️ Download transcript
Summary
We're thrilled to be joined today by Paradigm CTO, Georgios Konstantopoulos and founder of Conduit, Andrew Huang who are on the show today to deliver a masterclass on the state of Ethereum Layer 2s, how they're going, and where they're headed.
There's nobody better to take us through this technical and very educational episode on the state of L2s.
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TIMESTAMPS
00:00:00 Intro
00:05:59 L2 Vibes, How Are We Doing?
00:08:43 L2 Obstacles
00:11:47 Building Conduit
00:14:19 Strengths of L2
00:17:30 Few Rollups or Many Rollups?
00:21:29 Market Demands
00:24:47 The Evolution Of Superchains
00:30:47 Shared Sequencing
00:34:02 Universal Composability
00:35:57 Evolution and Benefits
00:38:35 Unionized vs Independant L2s
00:45:42 Benefits Of Staying in The Ecosystem
00:50:05 The Modular Conversation
00:52:02 Cheaper DA
00:56:13 RAAS Business Model
01:01:26 Scaling Out The Business Model
01:04:23 L2 Security
01:11:27 Modification
01:16:15 Dealing with Growth
01:17:56 What Comes Next
01:20:01 RETH
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RESOURCES
Andrew Huang
https://twitter.com/KAndrewHuang
Georgios Konstantopoulos
https://twitter.com/gakonst
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
Transcript
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| 0:00.0 | In general my prediction would be that 2024 is the year where performance, you know, we end a year basically and performance stops being a differentiator. |
| 0:08.8 | Everybody will have figured out high performance. |
| 0:11.8 | Finally, now that we've learned how to modify nodes |
| 0:14.4 | everybody will like figure out in some way you know not everybody will be in |
| 0:18.2 | production few will be in production the best teams only but over the years |
| 0:22.4 | what's happening is at the best teams only. But over the years what's happening is that the best technology |
| 0:25.0 | that was considered a mode is finally starting to be, for lack of better work, democratized |
| 0:31.1 | and accessed by everyone. |
| 0:33.0 | Welcome to Bankless, where we explore the frontier of Ethereum's Layer 2 roll-ups. |
| 0:44.0 | Today on the show we have Georgios Constantinople, the CTO and researcher over at Paradise, |
| 0:49.0 | and Andrew Huang, CEO of Conduit. |
| 0:52.0 | Both of these extremely smart gentlemen have unique vantage points over the future of Ethereum's roll-ups that needs to be shared with the world. |
| 0:58.0 | Here is what you're going to hear on this episode today. What is the state of Ethereum's roll-ups in 2024? What's going right and what is still left to do? How will |
| 1:07.7 | roll-ups recompose with each other? What mechanisms are there to help with roll-up |
| 1:12.3 | composability? And do roll-up composability |
| 1:13.4 | and do roll-ups even need to compose with each other at all or is that narrative just totally overblown? |
| 1:18.8 | What about roll-up security? |
| 1:20.4 | Multicliant fraud proofs and multi-Z Provers, why Georgios thinks we get them this year, and why Georgios |
| 1:26.4 | things were entering a golden age of layer two experimentation. |
| 1:30.0 | I learned so much in this episode. |
| 1:31.5 | As soon as I'm done recording this intro, I'm going to go back and listen to it |
| 1:34.4 | Before we get into this episode though we disclose Ryan and I hold investments in some of the |
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