SotN #48 - Arbitrum LAUNCH, w/ Arbitrum Team
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 2 June 2021
⏱️ 97 minutes
🧾️ Download transcript
Summary
Arbitrum is one of Ethereum's hottest L2 scaling solutions, and it has LAUNCHED
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State of the Nation #48: Arbitrum LAUNCH
Guests:
Co-Founder & CEO: Steven Goldfeder
CTO: Harry Kalodner
Steven Goldfeder is Co-founder and Chief Executive Officer at Offchain Labs. He holds a PhD from Princeton University, where he worked at the intersection of cryptography and cryptocurrencies. Harry Kalodner is Co-Founder and Chief Technology Officer at Offchain Labs, where he leads the engineering team. Before Offchain, he attended Princeton as a PhD candidate, where his research explored economics, anonymity, and incentive compatibility of cryptocurrencies.
Arbitrum released its Mainnet for Developers last Friday. This is an EVM-Compatible Layer 2 Optimistic Rollup, which allows for scaling Ethereum's app layer without sacrificing layer 1 Ethereum security & consensus. This is a massive step forward for the blockchain space and a culmination of years of technical research and testing. This is a milestone in effectively scaling blockchains, while maintaining core cypherpunk values.
There are tremendous opportunities and possibilities in this new digital real estate. This hub of optimized blockspace keeps the economic security guarantees of Ethereum and poses to greatly improve the DeFi user experience. To scale to a billion users, projects like Arbitrum need to earn legitimacy and demonstrate efficacy as the Ethereum ecosystem continues to mature. In the immediate term, the next few months will be exciting to watch - will we see a DeFi Layer 2 Summer?
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Resources:
Arbitrum:
https://arbitrum.io/
Arbitrum Twitter:
https://twitter.com/arbitrum?s=20
Arbitrum Discord:
http://discord.gg/5KE54JwyTs
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Topics Covered:
0:00 Buffer
0:30 Intro
9:48 Arbitrum's Steven and Harry
13:00 Shipping A Layer 2 Product
17:51 A Fair Launch, Equal Opportunity
21:36 Migrating dApps to Layer 2
25:43 A Flourishing Ecosystem
29:17 Bridging the User Experience
33:16 Different than a Sidechain
36:50 Layer 2 ETH Fees
41:10 Resources & Scaling
47:03 Delay Period for Exiting
54:11 Complexity of Rollups
58:30 A Digital Nation-State
1:06:23 Ether is the Reserve Currency
1:11:23 Layer 2 DeFi Summer
1:16:30 Chainlink and Arbitrum
1:20:54 Squeezing the MEV Balloon
1:25:28 Predictions, DeFi Summer
1:30:50 Final Thoughts
1:36:38 Closing & Disclaimers
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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
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Transcript
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| 0:00.0 | Thankless Nation, welcome to another state of the nation episode. |
| 0:18.0 | This is our opportunity to talk about something big that is happening, zero in on it and |
| 0:23.3 | related to some of the big picture themes we talk about in other places on the podcast |
| 0:27.4 | in the newsletter. |
| 0:28.4 | David, nothing bigger than layer two's at the moment. |
| 0:32.2 | And in the layer two scene, nothing bigger right now than the launch of Arbitrum on Friday. |
| 0:38.6 | Our guests are going to talk about the launch of Arbitrum. |
| 0:42.0 | They are from Arbitrum. |
| 0:43.5 | David, any thoughts on what we're going to cover today? |
| 0:47.2 | The launch of Arbitrum and optimistic rollups is kind of one of those ground shaking |
| 0:52.2 | events in the world of crypto, right? |
| 0:55.0 | And basically because there has been so much just regardless of Ethereum, the concept |
| 1:00.8 | of L2s is being proven out here, right? |
| 1:03.5 | L2s are a technologically independent piece of technology that can be on any blockchain |
| 1:09.2 | that can support it. |
| 1:10.7 | And it now just happens to be coming to Ethereum. |
| 1:12.8 | So the fact that we have blockchain independent, blockchain agnostic code that is kind of |
| 1:18.2 | the original thesis or a vision of what how blockchains can scale is now arriving in this |
| 1:24.8 | cryptocurrency industry. |
| 1:25.8 | It's also happening to arrive on Ethereum. |
| 1:27.7 | And so Arbitrum has launched its developer, Maynet last Friday. |
| 1:32.6 | And it's just, it's just a big deal. |
... |
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