UNCHAINED: Three Crypto Pioneers on Crypto’s Monolithic vs. Modular Debate
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 3 January 2024
⏱️ 74 minutes
🧾️ Download transcript
Summary
Chris Burniske and two proponents of each approach discuss their different characteristics and relative benefits, and what will drive the next crypto bull cycle.
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In this episode of Unchained, Anatoly Yakovenko, co-founder of Solana Labs, Nick White, COO at Celestia, and Chris Burniske, partner at VC firm Placeholder discuss the differences between modular and monolithic, or integrated, blockchains, with Solana epitomizing the monolithic approach and Celestia the modular one. They all agree that both approaches have their merits and will likely coexist, but argue each lends itself to specific use cases and developer preferences. They also discuss what will drive the next crypto bull cycle, and each gives their best predictions for a specific development in the crypto industry in the next few years.
Show highlights |
- Chris’s explanation of the modular vs. monolithic approach in blockchains
- What drove Anatoly to prioritize speed in Solana's architecture and its impact on the network
- What Celestia is and how it represents the first modular blockchain network
- Whether developers and users will gravitate more towards modular or monolithic blockchains
- How Solana, as one of the fastest blockchains, is gearing up to handle massive usage and scalability
- Why Chris views Celestia as a frontrunner in the data availability sector
- How Nick perceives the philosophical similarities and executional differences between Celestia and Solana
- Whether there's potential for Solana to transition into a modular blockchain in the future
- Why Chris believes that the Solana Virtual Machine (SVM) might surpass the Ethereum Virtual Machine (EVM) in user adoption
- What challenges Bitcoin faces in developing actual Layer 2 solutions, especially considering its "doomers storage" issue
- What could drive the next crypto bull market
- Top predictions for 2024 and beyond
- Anatoly’s perspective on how a significant hack could pose a serious setback for the entire industry
Thank you to our sponsors! Arbitrum Foundation | Popcorn Network | iTrustCapital
Guests |
Anatoly Yakovenko, cofounder of Solana Labs
Chris Burniske, partner at Placeholder
Nick White, COO at Celestia Labs
Links |
Modular vs. monolithic
Alchemy: Modular vs. Monolithic Blockchains
Visa: Monolithic vs. modular blockchain
Chris Burniske’s tweet on modular vs monolithic
“The horrific inefficiencies of monolithic blockchains” by polynya
Blockworks: A spicy salvo launched in the monolithic vs modular debate
Unchained: What Is the Blockchain Trilemma?
Celestia
Celestia’s explanation of modular blockchains
An introduction to sovereign rollups
Spot Bitcoin ETF:
Unchained:
Why The Spot Bitcoin ETF Is a Big Deal
Deciding on Bitcoin: Should New Investors Jump In Now or Wait for an ETF?
Ledger ConnectKit incident
Unchained: Ledger Library Compromised, Causing Confusion and Panic in Crypto Community
Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz.
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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| 0:49.7 | Thanks for listening to Unchained, your no-hype resource for all things crypto, on the CoinDesk podcast network. |
| 0:55.8 | You can also listen to the episodes on the Unchained feed earlier if you subscribe there. |
| 1:01.4 | Plus, check out all our content on our website, Unchained Crypto.com. |
| 1:06.5 | There is work to modernize the EVM, but from a user experience cost performance perspective, |
| 1:13.0 | SVM is clearly superior right now to the EVM. |
| 1:17.1 | And so I think that it's a lot easier to onboard users to play with on-chain applications. |
| 1:23.9 | When I travel internationally, I used to tip people in ETH. Well, actually, it was Bitcoin, |
| 1:29.3 | and then I would tip them in ETH, and now I tip them in salt. |
| 1:36.0 | Hi, everyone. Welcome to Unchained. You're a no-high please source for all things crypto. I'm |
| 1:40.5 | your host, Laura Shin, author of The Cryptopians. I started covering crypto eight years ago and as a senior editor of Forbes was the first |
| 1:47.8 | mainstream reader porter to cover cryptocurrency full-time. |
| 1:50.9 | This is the January 2nd, 2024 episode of Unchained. |
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