⛓️ Gists from the conversations on
@CantStopETH community call lead by
@dumbnamenumbers
- Started with discussion on fake VCS sending Zoom call links(Scary)
-
@ssaintleger Tweet inspired the call
- Alot of learning from
@jon_charb cc
@dba_crypto
dba.mirror.xyz/LYUb_Y2huJhNU…
- Started with a presentation/discussion on Sovereign Rollups
- What is rollup?
Rollup has 2 layers: Execution and Consensus. We dug deeper into this
- Execution is off-chain, but what about consensus?
- Optimistic rollup has 7-day finality, which could be a mismanaged statement
- “Off-chain” consensus 🤯
- Native stablecoin non-cannonical bridged assets dominate the TVS 💸
- As a stablecoin issuer, you don’t want x signatures nuking you like
@base (all love for base)
- Rollups that are not sovereign cannot compete for stablecoin
-
@l2beat is awesome, shoutout to Luca Donno.
But they could confuse users on some aspects 🤔
@_Enoch came up with great points on
- Sovereign rollups are alt-l1s 💢
- Binance Smart Chain - alt L1, separate nodes, storing their state. Imagine they started using Eth for DA.
This does not turn BSC to L2 or sacaling solution for ETH. BSC majority can decide to stop posting to Eth
- Once you add proofs, it's not sovereign. Now it has a smart contract, and it’s equivalent to any rollup
- We need a provisioning system to inherit any type of Ethereum security
- Inheriting ETH security requires the execution layer
- “7 day finality” is not a meme. 😡
- Provable bridges is not sovereign because they can fork and no imposition to follow the fork
- To be called a sovereign rollup, there must be a way to build a light client 💻
- The market does not care about proofs because we have a centralized stablecoin 🫠
In
@kelvinfichter words (
@OPLabsPBC):
"Basically, the issue with the idea of a "validating bridge" is that it's not a fundamental thing - it's something that the creators of a rollup try to put at the center of social consensus for that rollup. I think it's a weak definition."
- Discussions on
@base not being sovereign - enshrined bridge.
- More conversation on what is called sovereign rollup vs Alt-L1
- Shoutout to Wallet beat
@polymutex
- Discussion on how we are trusting RPCs
-
@penumbrazone experimenting on this aspect of users running ultra-light nodes on their devices
-
@celestia is also integrating light clients (DAS) into wallets
Shoutout
@leap_wallet
-
@a16zcrypto
github.com/a16z/helios
- Conversation around sovereign roll-up alternative to bridged gas token.
Discussion continued on
@Optimism and
@zksync stacks.
- Sovereign rollups aren't just the future but the present
-
@celestia loves sovereign rollups xD
- More research and discussion required on immutable bridges 📚