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Bankless

Do Based Rollups Solve Everything? | Justin Drake

Bankless

[email protected]

Tech News, News, Technology

4.81.1K Ratings

🗓️ 4 November 2024

⏱️ 111 minutes

🧾️ Download transcript

Summary

What exactly are Based Rollups?

We’ve brought Ethereum Researcher and Bankless recurring guest, Justin Drake, to give us his reasoning on why he thinks the future of Ethereum is Based. 

A handful of teams are already working on this Based Rollup future so, with this episode, and perhaps a few more, we’re front running it all and getting you downloaded on all things Based Rollups. Enjoy!

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TIMESTAMPS

0:00 Intro
5:51 How’s the Roadmap Going?
12:34 The Most Logical Progression
16:53 Aggregating DeFi Apps
23:43 What Based Rollups Solve
44:01 Ethereum as the Sequencer
49:59 Based Rollups Core Advantages
58:39 Shared Sequencers vs Based Rollups
1:10:37 Based Rollups & Superchain
1:26:48 Ethereum L1 Capacity
1:33:49 Impact on ETH Economics
1:35:00 Impact on DeFi
1:37:48 Impact on User Experience
1:42:04 ETH Value Accrual
1:53:59 Trade-Offs
1:59:17 Bankless Summit
2:01:26 Closing & Disclaimers

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RESOURCES

Justin Drake
https://x.com/drakefjustin  

Based Rollups
https://ethresear.ch/t/based-rollups-superpowers-from-l1-sequencing/15016 

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Not financial or tax advice. See our investment disclosures here:
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Transcript

Click on a timestamp to play from that location

0:00.0

From my perspective, like once you appreciate base sequencing and your base pill, there's no going back.

0:07.7

I don't know of a single person who has gone the other direction.

0:11.7

It's kind of up only, up to the right in terms of the converts.

0:26.4

Welcome to Bankless, where we explore the frontier of internet money and internet finance.

0:31.4

And today on Bankless, we explore the frontier of based roll-ups. Today on the show, we have Ethereum researcher Justin Drake to give us the reasoning why he thinks the future of Ethereum

0:35.7

is based. So what are based roll-ups? How do they

0:38.8

differ from normal roll-ups? Why the Ethereum layer 1 is the best sequencer for Ethereum's

0:44.3

layer-2 roll-ups? How does it fix Ethereum's fragmentation? And what does this all mean for Ether,

0:50.2

the asset? There's already a handful of teams publicly working on the based roll-ups future, Tycho,

0:55.9

puffer, spire, but also Justin alludes to at least a few of Ethereum's biggest roll-ups

1:00.5

already planning to go based in the not-so-distant future. So with his episode today, and perhaps

1:06.3

a few more soon, we are front-running all of that by getting you downloaded on based

1:10.6

roll-ups. So when

1:11.7

Ethereum inevitably does go based, you'll have already seen it coming. I think both David and I,

1:16.3

you'll find in this episode, are very bullish on the concept of based roll-ups because it really

1:20.1

solves a lot of the challenges that Ethereum is facing with its current roll-up-centric roadmap.

1:25.0

So this is the most comprehensive episode I think we've ever done on

1:28.1

based roll-ups. And Justin toward the end said that he thinks that based roll-ups have really reached

1:32.7

escape velocity. I know some people listening to that are like, what? They just came on the scene,

1:37.1

but realize a lot of work has been going on behind the scenes to sort of like propagate the idea

1:42.3

and design architecture for based roll-ups.

1:44.4

I think it's getting ready to take off.

...

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