UNCHAINED: Why EigenLayer Gave Away More Tokens After Widespread Criticism of Its Stakedrop
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 3 May 2024
⏱️ 56 minutes
🧾️ Download transcript
Summary
Celestia’s co-founder and its COO talk about how their modular blockchain makes it easier for blockchains to scale.
Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.
Celestia, a data availability layer for blockchains, was launched last October to much fanfare. The platform takes a modular approach to blockchains, allowing developers to post data onto it without the need for smart contracts or execution. This makes it extremely useful for scaling roll-ups and other layer two technologies.
Celestia co-founder Mustafa Al-Bassam and COO Nick White join Unchained to discuss what Celestia is and how it works, how data availability sampling allows for more scalability, how Celestia compares with other data availability layers, whether Celestia could become a data availability layer for Bitcoin, and comparisons between Celestia and Solana.
Show Highlights:
- Mustafa’s background and how his project called LazyLedger ended up becoming Celestia
- Nick’s vision for modular blockchains
- Why Mustafa believes in the “10,000 rollup” endgame
- Why Mustafa thinks that gaming and NFT chains work better on a modular blockchain
- What Celestia is and how it resembles the publication of an article in a newspaper
- What data availability sampling (DAS) is and how it works to ensure that the data is available and accurate for validators
- How DAS allows for more scalability
- What types of applications can be built with this type of modular architecture
- Mustafa’s explanation of the concept of Blob stream and blob space
- How a rollup can be an independent or sovereign layer, not just a layer 2 to a layer 1
- How Celestia competes with other DA layers, like the future EigenDA
- The role of the TIA token in the Celestia ecosystem
- How Mufasa hacked the CIA when he was 16 years old and how he transitioned into crypto
- Whether Celestia could become a DA layer for Bitcoin layer 2 rollups
- Whether Solana could end up becoming an Ethereum layer 2 using Celestia for data availability
- The proposal to extend the functionality of Celestia without smart contracts in the base layer
Thank you to our sponsors! Popcorn Network | Polkadot
Guests |
Nick White, COO at Celestia Labs
Previous appearances on Unchained: Three Crypto Pioneers on Crypto’s Monolithic vs. Modular Debate
Mustafa Al-Bassam, cofounder and CEO at Celestia Labs
Links |
Modular vs. Monolithic
Alchemy: Modular vs. Monolithic Blockchains
Visa: Monolithic vs. modular blockchain
Chris Burniske’s tMonolithic vs. modular blockchain | Visaweet 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
-
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
Click on a timestamp to play from that location
| 0:00.0 | Audible brings your wildest adventures to life, delivering heart-pounding thrills at the touch |
| 0:05.8 | of a button. |
| 0:07.0 | Take Richard Osmond's The Thursday Murder Club, where four retirees turned amateur sleuths |
| 0:11.8 | solve crimes in the most unexpected ways, brilliantly performed by Leslie Manville. |
| 0:17.1 | Ready to unleash your adventure aside, from pulse racing suspense to epic quests, from supernatural |
| 0:22.6 | chills to far-off romances, every story comes alive through world-class narration. |
| 0:28.5 | Explore exclusive audible originals, chart-topping new releases, and unforgettable bestsellers |
| 0:34.4 | that transport you from the very first word, because the next great |
| 0:38.2 | adventure is just a listener way. Start your free 30-day trial at audible.com slash |
| 0:43.9 | Wondery UK. That's audible.com slash Wondery UK. |
| 0:49.8 | Thanks for listening to Unchained, your no-hype resource for all things crypto on the CoinDesk |
| 0:54.9 | Podcast Network. You can also listen to the episodes on the Unchained feed earlier if you subscribe |
| 1:00.5 | there. Plus, check out all our content on our website, Unchained Crypto.com. |
| 1:06.9 | Intersubjective work token is quite a big, or intersubjectivity is a pretty big word. |
| 1:10.9 | For myself, I like to actually just think of it as shared belief, that you're able to |
| 1:15.0 | actually mathematically agree on a shared belief. |
| 1:17.6 | That's what the token allows you to do. |
| 1:23.3 | Hi, everyone. |
| 1:24.2 | Welcome to Unchained, your no hype resource for all things crypto. |
| 1:27.2 | I'm your host, Laura Shin, |
| 1:29.1 | author of The Cryptopians. I started covering crypto eight years ago, and as a senior editor of Forbes, |
| 1:34.1 | was the first Matronauter reporter to cover cryptocurrency full-time. This is the May 3rd, 2024 episode of Unchained. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.