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CoinDesk Podcast Network

THE PROTOCOL: Ethereum's Overcrowding & Optimistic Fault Proofs Unveiled

CoinDesk Podcast Network

CoinDesk

Business News, News, Daily News, Tech News

4.7698 Ratings

🗓️ 5 October 2023

⏱️ 23 minutes

🧾️ Download transcript

Summary

The inaugural episode of CoinDesk's tech-focused podcast examines Bitcoin, Ethereum, and the intricate ecosystem of blockchain "layers" currently under rapid development by software engineers. This episode is sponsored by the Algorand Foundation. In this episode of "The Protocol," join our hosts, Brad Keoun, the founding editor of The Protocol newsletter, along with tech journalists Sam Kessler and Margaux Nijkerk, as they delve into the ever-evolving realm of blockchain technology, with a specific emphasis on Ethereum. In addition to discussing Ethereum's rapidly growing validator numbers and the potential bottlenecks they pose, they delve into the pressing issue of network overcrowding. They also uncover the significance of optimistic fault proofs and how these innovative solutions play a pivotal role in enhancing security and scalability. EPISODE LINKS |   At Last, Blockchain Developer OP Labs Delivers ‘Fault Proofs’ Missing From Core Design  BLOCKCHAIN BAKE-OFF  Ethereum Developers Appear Successful in Second Attempt at Holesky Test Network Launch  The Protocol: Ethereum Struggles With Sprawl as Optimism Airdrops $27M  The Most Pressing Issue on Ethereum is Validator Size Growth  - All the tools you need to build, test, and deploy on Algorand are now available in a single, simple package. Set up your dev environment in only 10 minutes and then get coding on the only blockchain with: Unrivaled point-of-sale transaction speed Industry-leading uptimeConcierge-style developer support, at every step of your journey Download AlgoKit today. Build today with AlgoKit - 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. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

This episode of The Protocol is sponsored by the Algarand Foundation.

0:07.7

Dive deep into the blockchain realm with the protocol podcast, with Coindesk founding editor of

0:13.5

the protocol newsletter, Radcount, and tech journalists, Sam Kessler and Margo Nykirk.

0:18.6

They unravel the intricate technologies powering

0:21.3

cryptocurrencies like Bitcoin and Ethereum, one block at a time. Just a reminder,

0:27.5

CoinDesk is a new source and does not provide investment advice.

0:36.1

Hello and welcome to the Protocol podcast.

0:39.2

I'm Brad Cowan here, and I'm so excited to start this podcast.

0:43.5

I will normally have both of co-hosts, Coin desk tech journalist Sam Kessler and

0:49.0

Margo Nykirk joining.

0:50.5

However, due to the SBF trial happening this week, Sam is off reporting down at the

0:57.9

courthouse in Manhattan, but hopefully he will be able to join us soon for some exciting

1:03.3

conversations on the latest news and developments and technology behind crypto and blockchains.

1:09.3

And I'm here with Margo Nykirk. And we're going to start off today

1:13.8

talking about one of the hot stories that Margo's been following, which is optimism finally

1:21.2

delivering fault proofs and why this arcane thing became such a flashpoint in the blockchain wars.

1:29.3

Margo, tell us, what is this story?

1:32.2

Yeah, well, it's good to be here on our first episode, just by the way.

1:35.7

Yeah, this was a big story this week, and it's not yet delivered.

1:40.0

It's only on test net.

1:41.1

But let's maybe just get into this a little bit about like why this is all important.

1:46.0

For those who don't know, fault proofs are basically at the core of optimistic rollup technology.

...

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