THE PROTOCOL: Crypto Points: Off-Chain Derivatives That Everyone is Talking About
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 14 December 2023
⏱️ 26 minutes
🧾️ Download transcript
Summary
Debating also the integration of Layer 2 functions on Ethereum's main chain, the unexplored territory of Blockchains’ identity and personal data storage; and Vitalik's deeply technical essay.
This episode is sponsored by the Stellar Community Fund
Follow the show here for more.
In this installment of "The Protocol," hosts Brad Keoun, the founding editor of The Protocol Newsletter, and tech journalists Sam Kessler and Margaux Nijkerk, explore the following stories:
Polygon and Celestia
Celestia's "data availability" solution – pitched as a cheaper alternative to storing data on Ethereum – will become an option for builders who are using Polygon’s customizable software stack to spin up new layer-2 networks.
CRYPTO POINTS
Points rely on highly performant off-chain database systems called Servers to store and verify individual point balances.
Sam Altman and WorldCoin
World ID has added integrations with Shopify, Minecraft, and Reddit alongside a slew of developer-focused updates that could expand the OpenAI founder's blockchain-based "proof-of-personhood" service to more users.
Cronos -Crypto.com Partner
The new "Cronos zkEVM chain" is launching initially as a test network, based on Matter Labs’ software tools, which can be used to spin up new layer 2 and layer 3 “hyperchains” atop Ethereum.
PROTOCOL VILLAGE SEGMENT - An Essay by Vitalik
Ethereum's Buterin Floats Prospect of Taking Some Layer-2 Functions Back on Main Chain
Vitalik Buterin, a member of the Ethereum Foundation's executive board, once pushed "layer-2" networks as a way to provide faster and cheaper transactions. Now he's got ideas for "enshrining" some of those functions on the main chain.
EPISODE LINKS |
Polygon to Offer Data Solution Celestia as Option for New Layer-2 Developers
Celestia, Blockchain Data Solution, Sees TIA Token Surge as Polygon Plan Announced
https://x.com/jonwu_/status/1735059813087015384?s=20
https://x.com/sassal0x/status/1734787782940168569?s=20
https://x.com/CoinDesk/status/1732889600425644235?s=20
https://x.com/gabrielhaines/status/1734911303980917048?s=20
https://twitter.com/puntium/status/1734722454566887843
Cronos, Partner of Crypto.com, to Start Layer 2 Network With Matter Labs
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From Our Sponsor:
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Apply for Funding at communityfund.stellar.org
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The Protocol has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “Take Me Back” by Strength To Last.
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Transcript
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| 0:43.9 | Wondery, UK. That's audible.com slash Wondery UK. |
| 0:49.7 | This episode of the Protocol is sponsored by the Stellar Community Fund. |
| 1:03.2 | Dive deep into the blockchain realm with the protocol podcast, with CoinDesk founding editor of the protocol newsletter, Brad Count and tech journalists, Sam Kessler and Margo Nykirk. |
| 1:08.8 | They unravel the intricate technologies powering cryptocurrencies like Bitcoin and Ethereum, |
| 1:13.8 | one block at a time. |
| 1:16.1 | Just a reminder, CoinDesk is a news source and does not provide investment advice. |
| 1:24.1 | Hello and welcome to the Protocol podcast. |
| 1:27.2 | I'm Brad Count here with my co-hosts Margo Nykirk and |
| 1:30.5 | Sam Kessler. Please don't forget to subscribe to our weekly newsletter of the protocol on |
| 1:36.2 | coindex.com. And let's get right into it. We've got a lot of really interesting news and |
| 1:43.4 | developments to get through this week. So |
| 1:46.4 | in our first segment, we're going to be talking about a story that Margo wrote here, Polygon |
| 1:52.6 | to offer data solution, Celestia, as option for new layer two developers. |
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