THE PROTOCOL: High Stakes | Intense Competition Among Layer Two Solutions

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CoinDesk

News, Tech News, Daily News, Business News

4.7 • 698 Ratings

🗓️ 2 May 2024

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

The battle for supremacy among layer two solutions in crypto has projects vying to showcase their tech. Despite criticism, airdrops and token launches by Ren and Eigenlayer have faced user disappointment. This episode is sponsored by the Stellar Community Fund Follow the show here for more. This installment of "The Protocol," hosts Brad Keoun, the founding editor of The Protocol Newsletter, and tech journalists Sam Kessler and Margaux Nijkerk; they cover the story of Celo choosing Optimism as their layer two solutions, the vulnerabilities found on Optimism and the launch of tokens by Ren and Eigenlayer. Chapters 00:00 Introduction and Overview 01:43 Celo Chooses Optimism as Layer Two Solution 07:20 Vulnerabilities on Optimism and Layer Two Wars 16:31 Token Launches by Ren and Eigenlayer 28:14 Intersubjective Forking and Regulatory Uncertainties 34:46 The Crypto Industry as a Complex Game 37:04 Conclusion Sign Up for THE PROTOCOL NEWSLETTER EPISODE LINKS | Celo Chooses Optimism, Concluding Bake-Off Among Layer 2s The Protocol: EigenLayer's 'Intersubjective Forking' Is Objectively Not Done What Is Restaking? What Is Liquid Restaking? What Is EigenLayer? EigenLayer, After Touching Off Restaking Frenzy, Plans Own EIGEN token Avail Data Availability Integrated by Arbitrum, Optimism, Polygon, StarkWare, ZkSync - From Our Sponsor: The Stellar Community Fund (SCF) is an open-application awards program that draws on community input to support developers and startups building on Stellar and Soroban. Accelerate your web3 project today. Apply for Funding at communityfund.stellar.org - 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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0:44.7	UK. That's audible.com slash Wondery UK.
0:49.6	It's very fair to say that most of the people who are farming these points, you know,
0:52.9	don't care about intersubjective forking. So, yeah, I don't know if the market has caught up with what
0:57.1	these terms mean. Certainly not that one. This episode of The Protocol is sponsored by the
1:01.3	Stellar Community Fund. Dive deep into the blockchain realm with the protocol podcast, with
1:10.4	Coin desk founding editor of the Protocol newsletter, Brad Cown and tech journalists, Sam Kessler and Margo Nykirk.
1:17.6	They unravel the intricate technologies powering cryptocurrencies like Bitcoin and Ethereum, one block at a time.
1:24.9	Just a reminder, CoinDesk is a news source and does not provide investment advice.
1:31.8	Hello and welcome to the Protocol podcast. I'm Brad Cowan here with my co-hosts Margo Nykirk and
1:37.9	Sam Kessler. So excited to dive into today's show with the latest news and developments in
1:43.6	technology behind crypto and
1:45.4	blockchains.
1:46.7	First, please do not forget to subscribe to our weekly newsletter, the protocol on
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