Its funny few weeks a go @TrustlessState was defending these guys and wanting to give em another chance on the interview with @sassal0x but they dont seem to be serious at all about ethereum. Im sorry but if they want to be taken serious, oh wait too late.
Let the word go out: *Sign in w/ Ethereum* is BACK
last week we got its EIP 4361 finalized β
today we're launching new website, docs, & x @signinethereum π
We'll maintain it going forward & are actively working for new integrations in major wallets & apps π
links π
0/ the biggest ethereum upgrade since the merge is coming.
and this time, youβll feel it.
itβs called pectra and hereβs why it matters
a guest thread by @binji_x β
Now that the Ethereum ecosystem is putting more focus on scaling/improving the L1, the narrative from the Ethereum bears has shifted to "rollups/L2's are getting rugged".
Once again, no matter what Ethereum does, there is always a narrative shift from the detractors to paint the picture that Ethereum can never win no matter what it does.
To make it clear for everyone: scaling the L1 does not take away from the L2's/rollups - it actually makes them much better and makes the L1 even more attractive for them to settle down to.
Scroll is now Stage 1 on L2BEAT! π
Congratulations to the entire Scroll team for becoming the first universal-purpose ZK rollup on L2BEAT! π
What exactly changed? π€π
A lot of focus lately has been put on scaling and improving the Ethereum L1, but not enough focus has been put on *why* we want to do this.
Excluding the obvious reason to do this (cheaper fees/more capacity), there's also better interoperability for rollups/L2's, much faster finality (with SSF or 3SF), potentially stronger ETH burn, a more ZK-friendly L1, friendlier solo/home staking and more.
Though I think the most important reason to improve the L1 is to make Ethereum L1 attractive to natively issue assets/tokens on again. All the tokens should ultimately be settled on the L1 which means they need to be natively deployed/issued there and then bridged into an L2/rollup.
This is because if an asset is natively issued on an L2, then the ultimate settlement for that asset happens on the L2 because it doesn't have a canonical L1 contract. Of course, this differs for centralized assets like USDC/USDT (as their ultimate settlement happens offchain), but it matters for all the digital-only assets. There are some exceptions to this if the token issuers (or L2's themselves) build specific fallback mechanisms to the L1, but this is quite rare and messy (and still in heavy research).
If we just natively issue every asset on the L1, then the exit window/escape hatch from a rollup/L2 to the L1 works for as many assets as possible and makes the properties that L2's inherit from Ethereum L1 even stronger. It's also a much cleaner design than trying to build fallback mechanisms (which will differ between the L2's).
This, to me, is the most important reason to scale and improve the L1 - it greatly strengthens the L1's role as the "hub" of the Ethereum universe.
1 gigagas/sec (10K TPS) on Ethereum L1 with zkVMs
no compromises:
β consumer hardware (zkVMs)
β home internet (DAS)
β censorship resistance (FOCIL)
β 100% uptime (client diversity)
β 8K consensus nodes
Built for internet finance. Believe in something real.
The latest @thedailygwei Refuel is ready for your consumption! β½
Today's topics:
- Based rollups π
- Core dev updates π€
- Rise testnet live π
- and much more β
Watch π
https://t.co/zDGl1OlBe4
My confidence and outlook for Eth are stronger than ever.
Who imagined an open source project developed by a teenager would evolve into critical worldwide infrastructure?
I'm listening for signal and ignoring the noise. We ARE okay π
@NTmoney Lmao, I was a normie in 2014 is my whole point. Sending btc to some rando in 2014 for a promise to be in a genesis block a year later was sketchy af.
The latest @thedailygwei Refuel is ready for your consumption! β½
Today's topics:
- SEC withdraws Coinbase lawsuit π
- ByBit $1.5bil ETH hack π±
- New network dashboard π€
- and much more β
Watch π
https://t.co/4obg7yGO2U