ETH Silicon Valley

Building community around Ethereum in Santa Clara Valley.

[ETH Silicon Valley @EthereumSV]

We'll hold an informal coffee-and-chat meetup 10am on Jun 14 at Bean Scene in Sunnyvale. For details see https://t.co/v9fJkH9vvX

[ETH Silicon Valley @EthereumSV]

The Ethereum Silicon Valley meetup is co-hosting an informal event with @nomad_notes's Ethereans of the Bay on Sat April 18 at 10am in Palo Alto. Please join us!

See https://t.co/0dizYdTuuB or https://t.co/TUyWfUMzDy

[olyagreen.eth 🌉 @nomad_notes]

Palo Alto, mark your calendars:
🗓️April 18, 10am-12pm ☕️ Blue Bottle on University Ave

@EthereumSV x Ethereans of the Bay ⟠

If you are a founder, researcher, or a dev exploring the Ethereum and broader blockchain space, come through and grab a coffee with us.

Huge shoutout to the OGs who joined us at past events @lindaxie @JamesCPoole @barinov @frommww - we hope to see you guys again this Saturday!

Spots are limited - link below ⏬

[olyagreen.eth 🌉 @nomad_notes]

https://t.co/JUJjUolFhj

[ETH Silicon Valley @EthereumSV]

The Ethereum Silicon Valley meetup is co-hosting an informal event with @nomad_notes's Ethereans of the Bay on Sat April 18 at 10am in Palo Alto. Please join us!

See https://t.co/0dizYdTuuB or https://t.co/TUyWfUMzDy

[koeppelmann @koeppelmann]

Not sure I have ever been as productive in my life as in the last ~10 weeks:

An extremely challenging yet worthwhile goal.
The crazy progress of AI coding and heavy use of it.
A very small team, world-class skills, and now the ability to multiply output thanks to AI.

The result is @etheconomiczone — with a live devnet already: https://t.co/QdcOZEycLu.
What is this? It will be:

a) A new rollup that is fully composable with Ethereum.
This means you can do either cheap transactions on this chain that only interact with contracts on this rollup, or more expensive transactions (similar to L1 costs) that can interact in a fully composable way between L1 and L2. So, for example, if you trade on this rollup, the routing can dynamically decide to use only L2 liquidity for a small trade, or for a larger trade — where the extra gas costs are worth it — to use both L2 and L1 liquidity.

b) A whole framework that will allow new rollups, as well as existing L2s and sidechains (yes @gnosischain!!) to integrate into this “(Ethereum) economic zone.”
Imagine: one could make a trade today simultaneously using Ethereum liquidity, but also Arbitrum, Base, or all the other L2s. This is what EEZ will allow.

Now, let’s talk about the tech:
Essentially, there are two core concepts that make all of this possible:

1) Proxy contracts
2) Real-time proving

1) Proxy contracts are basically a way to overcome the challenge that ~99% of all contracts are written in a way that only deals with addresses from a single chain. For example, a token or an NFT can be sent to an address, but not to an address on a specific other chain. Proxy contracts fix this.

An address “A” on chain “n” will get a deterministic proxy representation, “A*”, on all other chains. So now, if, for example, A is a DAO on Ethereum and it should control, say, a fee switch in contract D (a DEX) on another chain, this can easily be done by setting A* as the owner of D. A (the DAO), on the other hand, can now call D* (the proxy representation of the DEX contract D) on Ethereum. All the cross-chain message passing in between is abstracted away — the contracts just call another contract and do not realize it is actually on another chain.

2) Real-time proving
The proxy design already addresses the problem that there is no widely supported cross-chain message-passing standard in EVM land. So it alone would already be helpful for asynchronous calls, or better, calls that do not expect or require a return value. However, this would still not quite bring us to “synchronous composability.”
Imagine a DEX trade: you do the first part of the trade on L1 and the second part on L2. You want to know the result of the second part — and if it did not get you the expected amount, you want to be able to revert the first part. This requires the call that triggers the DEX trade on L2 to have a return value.

This was long assumed to be impossible - but with real-time proving, it no longer is. Basically, because Ethereum blocks are only produced every 12 seconds (and this would still work with, say, 6 seconds), that is now long enough to build and prove the L2 block that contains, for example, this L1→L2 DEX trade.

If you want to learn more, don’t miss the talk by @tw_tter and @jbaylina on Tuesday at @EthCC!
Let’s make Ethereum ONE again!

[Friederike Ernst 🦉 @tw_tter]

Today we announce the Ethereum Economic Zone to un-fragment the Ethereum Ecosystem. It's a giant community effort. Proud to be here with all of you! @ziskvm @ethereumfndn @CoWSwap @safe @aave @sparkdotfi @xStocksFi @centrifuge @fileverse @monerium @LineaBuild & many more!

[vitalik.eth @VitalikButerin]

@lex_node Given what actually happened to a certain project whose team fucked off to the Bahamas, I think we should rename "Bahamas test" to mean the level stronger than walkaway test: are the users still safe even if the team becomes *actively adversarial*?

[vitalik.eth @VitalikButerin]

Balance of power

https://t.co/uUEsHYdRpR

[vitalik.eth @VitalikButerin]

@elonmusk I think you should consider that making X a global totem pole for Free Speech, and then turning it into a death star laser for coordinated hate sessions, is actually harmful for the cause of free speech. I'm seriously worried that huge backlashes against values I hold dear are coming in a few years' time.

[Aya Miyaguchi @AyaMiyagotchi]

1/ Today, Bhutan celebrates a historic milestone, becoming the first nation to anchor its national digital identity system on Ethereum. 🇧🇹
@VitalikButerin and I were honored to join the launch ceremony on behalf of the Ethereum community, graced by His Royal Highness.

[Ethereum Foundation @ethereumfndn]

We are excited to welcome @barinov to lead Privacy @ the Ethereum Foundation, and @AndyGuzmanEth as the new lead of the PSE team.

Privacy is normal.

[ETH Silicon Valley @EthereumSV]

Wonderful talks about RISC-V in @ethereum

https://t.co/5bUTGLW1CE

[Gnosis Chain @gnosischain]

Gnosis turns 10 🦉🎉

▪️ 7+ years
▪️ 300k validators
▪️ 300M transactions
▪️ 0 downtime

[ETH Silicon Valley @EthereumSV]

We fully support Cardio Coin from @MedCrisis ;-)

https://t.co/onpILHyWZw

[Circles @aboutcircles]

Introducing Circles — an ambitious experiment on money.

For the first time ever, you can create your own money without needing a bank or a government. 🧵

[koeppelmann @koeppelmann]

There seems to be some broader pessimism about actual use cases. To me, it is very simple: 8% interest (Aave/DSR) and instant, free, worldwide $ transfers. As long as those two things are not available to everyone in the world, there is a very clear use case to build towards.

[vitalik.eth @VitalikButerin]

I'm really proud that ethereum does not have any culture of trying to prevent people from speaking their minds, even when they have very negative feelings toward major things in the protocol or ecosystem.

Some wave the ideal of "open discourse" as a flag, some take it seriously.

[koeppelmann @koeppelmann]

To me the goal of Ethereum needs to be a place where massive economic activities should take place. One example where its credible neutrality is uniquely valuable would be price finding between the major currencies of this world. https://t.co/TsRN9Eo6CR

[Indexed Podcast @indexed_pod]

Episode 6 with the creator of $DEGEN, @jacek0x is live!

We talked about:
- What even is $DEGEN?
- How's life as a central banker?
- What's the plan for Degen Chain?

🎧 Spotify: https://t.co/tHIZJ4hlz0
🎬 Youtube: https://t.co/12c3IMXCTL