1/ Introducing cross-chain smart contracts.
XCVM: Composable Finance’s Cross-Chain Virtual Machine and how it evolves interoperability into full Composability.
https://t.co/Vdr1upQHKi
A thread (1/X)
The turbulence experienced by @prylabs during the Kiln launch yesterday exemplifies the need for robust client diversity on the beacon chain. At this point no entity can say they're unaware of these risks. A failure to diversify clients is negligence and nothing more.
Client diversity without retail validation is a charade — I’m bullish on a world in which users can
1) spin up their own validators with little to no capital and
2) receive capital delegated to them from others in a non-marketplace manner
Is it normal that https://t.co/LrA0HJgvDS points to RocketPool for people who have less than 32 ETH? Is this the diversity we all fight for? @VitalikButerin@ethereum
He’s right, Ethereum has poor client diversity, and with increasing centralization of validators and relayers, there will ultimately be significant damage unless decentralization becomes a priority