dimlyp

World wonderer

Bull in heart, bear in mind.

[dimlyp @lypakis]

@FKaisaritis Έρχεται κ το digital euro που είναι zero proof knowledge, η ελευθερία στα καλύτερα της.

[dimlyp @lypakis]

@freakkydd @MarioNawfal You are stupid or ?? Turkey since forever trying to keep the tension high. Daily FIR violation, mavi vatan threat , self declaration half of the Aegean. Turkish Libia sea memorandum.

[dimlyp @lypakis]

@freakkydd @MarioNawfal Turkey’s casus belli against Greece is a 1995 Turkish parliamentary declaration stating that any unilateral extension of Greek territorial waters in the Aegean Sea beyond 6 nautical miles will be treated as an act of war

[dimlyp @lypakis]

@FKaisaritis Σωστά. Το μόνο που φοβάμαι είναι το death spiral της strategy, όπως έγινε με το luna

[Coinvo @Coinvo]

VITALIK BUTERIN: "Ethereum is not the world's video game server, it is the world's heartbeat."

"What's coming will surprise everyone."

[vitalik.eth @VitalikButerin]

Two weeks ago, Ethereum researchers met in Berlin to continue charting the protocol's long-term trajectory, following along discussions with client teams in Svalbard in April.

The updated strawmap is at https://t.co/9e2AQ6rhz6, and I attached a picture of it to this post.

My own high-level takeaways:

* "Lean Ethereum" is not a single one-shot upgrade, it is a collection of improvements that will come online to the Ethereum network over the course of three or four years. But make no mistake, this IS the third major iteration of Ethereum in the same way that the Merge was the second. Almost every major piece of the protocol will be replaced:

- Verification through recursive STARKs, rather than direct re-execution. Recursive STARKs become an enshrined first-class core component of the protocol
- Replacing everything quantum-vulnerable with quantum-safe alternatives
- Consensus: decoupled available chain and finality, one or two-round finality. Theoretically optimal security properties, simpler than today, and faster than today
- Multidimensional gas
- State: not just tree structure, but what *types* of state are available
- Changes to client architecture
...

At the same time, simplification, cleanup and future-proofing. And this will all be done in a way that minimizes disruption to existing application. We've done this before (the Merge), we can do it again.

* H-star (aka Hegota) is probably Ethereum's last thematically "pre-Lean" fork. Starting from I-star, most of everything we do will have a very strong "Lean" feel to it in one way or another.

* Privacy is no longer an afterthought, it is a first class goal. When designing Frames, the mempool, additions to the state tree, we explicitly ask the question "okay, how do quantum-safe, intermediary-free privacy protocol transactions go through this, and what is the overhead?"

* Formal verification of everything for security.

* FV also makes us much more comfortable with canonicalization (having pieces of the protocol that are directly defined as a piece of bytecode expressed in some language). evm-asm is being written in part to become a canonical proof system for the EVM.

* Quantum safety has shifted up a LOT in priority. This adds a lot of work (eg. finalizing a quantum-safe blobs design has become urgent; this work has already been ongoing for months)

* Probably the single most disruptive part of the plan is the changes to state. There is growing consensus around leaving present-day-style "dynamic state" mostly unchanged, but scaling it only a medium amount, and adding new types of state that are more scalability-friendly (eg. no need for builders to sync/store all of it) but more restrictive, and that will scale a large amount.

eg. possible Ethereum in 2030: 2 TB of present-day-style (dynamic) state, and 100 TB of new-style (scalable but restrictive) state

This "new-style" state would work very well for ERC20s, NFTs, many defi use cases, but not eg. highly "central" objects like Uniswap contracts, or onchain order books, or other complex things (which are crucial for Ethereum but which only take up a small percentage of state)

Hence, it will not be *necessary* to rewrite any apps, but it will be *very cost-effective* to eg. rewrite an ERC20 token into a newer design that uses a new type of UTXO storage that is currently being explored, so that it will have >10x lower txfees.

Design of these new state types (current ideas: keyed nonces, ring buffers, UTXOs, statically accessible state, temp state) is an area where we will need a lot of feedback from application developers (incl. privacy-friendly application developers) and probably several rounds of rethinking and iteration.

* In the context of a much larger total state size, we need to figure out the incentive issues around who stores this state and what motivates them to. Even saying "each node stores 1%" is not good enough - why do they store that 1% and why are they willing to serve it? This is being elevated as a first-class research area.

* Ethereum will need to have a "VM" other than EVM in one form or another - at the very least, we need something like leanISA for recursive STARKs - and the gains are large in exposing it to users so that we support programmable privacy and better scalability. Right now, the most likely contenders are leanISA and RISC-V.

My own ideal is that in this world, we adjust the protocol so that the EVM becomes a high-level-language compiler-level feature, and the protocol only "sees" RISC-V / leanISA directly. But this is still far away.

* Gas limit increases, blob increases and slot time decreases will happen many times over the next ~5 years. We expect a large gas limit increase with Glasterdam. Each step of increased scale or decreased slot time is a matter of getting to the point where it is safe to do it, which comes from a combination of client optimization and protocol changes.

Ethereum is CROPS.

Ethereum is scaling.

Ethereum is reinventing itself.

Onward.

[dimlyp @lypakis]

@Vkikilias Κ. Υπουργέ αν θελήσεις να μάθεις τι θα ήθελε ένας Έλληνας ναυτικός για να το κάνεις θελκτικο το επάγγελμα σου έχω λύση.

[dimlyp @lypakis]

@ChrisKogias 61.3κ long?

[dimlyp @lypakis]

@xOdysseyTrading Μια από τα ίδια.

[dimlyp @lypakis]

@FKaisaritis Αρχικά πρέπει καποιος να βρει το edge.

[dimlyp @lypakis]

@Planhtarxis Η ΜΑ έσπασε ο Εμα είναι 99100

[dimlyp @lypakis]

@Punk2027 100k

[dimlyp @lypakis]

@Crypto_PASOK @stathiskanios Εγώ θα συμφωνήσω με τον @Crypto_PASOK , όταν βλέπεις τέτοια απορρόφηση, δείχνει ότι όταν γυρίσουν θετικά αυτά θα εκτοξευθούν, αλλά το θέμα είναι αν γυρίσουν και δεν συνεχίσει η κατηφόρα. Imo eyes on the weekly close

[dimlyp @lypakis]

@xOdysseyTrading Bull market απλά δεν έχει για τα δικά μας coin! 😁😁😁

[dimlyp @lypakis]

@FKaisaritis @Nikos_Np1910 Ναι ο χρυσός ανεβαίνει όμως. Και το dxy πέφτει.
Καταλαβαίνω την οπτική αλλά δεν μιλάω για την αγορά , εννοώ ως asset πως επηρεάζεται.

[dimlyp @lypakis]

@xOdysseyTrading Imo τοπ του κύκλου θα διαμορφωθεί με νέα!

[dimlyp @lypakis]

@TsounisChris an thes na deis igetes psakse kai vres kapetanious kai prwtous tou emporikou nautikou. pou prepei na einai CEO, CTO , HR, CFO kai psuxologoi kai mentores gia tin nea genia. tote na deis pws xetiligete olo to kouvari