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@karsenthil@sreeramkannan@cemozer_@nebrazkp@shumochu@zksync zksync is too arrogant, just predicting the time to fall apart because the community has started to starve for more than 3 years without being nourished by the original zks token! only time determines
@gluk64 let's align the zksync community! RT and love this tweet we're fed up with zk is endgame! More than 3 years have passed without any airdrop action, so we are worthless sheep! drop now $zks or community chaos !
@zksync@gluk64
@0xsebastiena
let's align the zksync community! RT and love this tweet
we're fed up with zk is endgame! More than 3 years have passed without any airdrop action, so we are worthless sheep! drop now $zks or community chaos ! @zksync@gluk64 @0xsebastiena
ZK and crypto-economics are in many ways complementary. But one area crypto-economics cannot help with, is scalable bridging.
Bridging will be solved by ZK.
This is my hill to die on. Will go on a debate with anyone about it.
Here is why:
1) Attributable security of the stake incurs proportional capital costs. Since it can only cover limited transacted value, users will be charged a significant percentage of the transacted value. This is already the case with all existing crypto-economic bridges.
In contrast, ZK bridges within multichain ecosystems like @zksync will cost a flat transaction fee of the order of a normal transfer.
2) Crypto-economic bridges cannot be used to pass arbitrary messages, because their consequences follow the Butterfly effect and are detached from the attributable security of the stake. This renders complex cross-chain composability impossible, preventing cool things like atomic interactions.
In contrast, ZK bridges enable magical UX that make the entire ecosystem feel like a single chain. User with funds on ZK-chain A can sign a single transaction that will bridge funds to ZK-chain B, perform a swap, and send the result back to ZK-chain A, all within a single atomic interaction.
3) Even if capital costs and fractional security were not a concern, connecting disparate rollup ecosystems would still lead to liquidity fragmentation. ETH bridged natively from L1 would be represented by a different ERC20 token than ETH bridged from another rollup. This would lead to a mess and lack of fungibility, or would need to be solved by maintaining separate liquidity pools on both sides of the bridge, leading to additional (high) capital costs. And, of course, liquidity pools can't help with NFTs.
Because of this, seamless bridging will only be possible within a single ZK-multichain ecosystem (like @zksync's Hyperchain or @0xPolygon 2.0). To get there, these networks are implementing shared bridge architectures, so that native assets can be arbitrary shifted around rollups without the need to move them between different L1 contracts.
Therefore, my prediction is that we will see a limited number of such ZK ecosystems, with a power law distribution of network effects. Between them, bridging via L1 or crypto-economic mechanisms will work, but it won't be scalable.
@cryptoammo2012 @gluk64 @0xsebastiena @zksync Imagine if you farmed in the real world, 3 to 12 months you would be profitable! the same thing as several $arb $apt $w $ena $op and much more