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Radix DLT with their Cerberus consensus algorithm is the only legitimate scaling solution for DeFi that I've seen. I think it will become clear by the end of this year that Ethereum, Solidity, Layer 2 solutions, just aren't capable enough.
You should do a video on blockchain consensus mechanisms and could go into deeper detail of mining, PoS, and other “newer” ways like proof of space and time
Amazing video... Based Rollups are indeed a game-changer, offering a seamless way to leverage Ethereum's robust sequencer for transaction ordering. It's interesting to compare this with "Taiko's" work on BBR and BCR, which also aim to enhance Ethereum's scalability and efficiency. The collaboration between these technologies could significantly strengthen the Ethereum network, making it more cohesive and powerful.
Thank you for the video! Please, explain to me why the party that submitted fraudulent transaction to level 1 is punished if it do not verify the correctness of the transaction?
Can you explain rollup for me a bit more plz? I’m kinda confused. If you make 1000 txns on the roll-up chain and settle that 1000 txns on the ETH chain, how are you avoiding paying gas fees for the 1000 txns being settle eventually on the ETH chain? If there will actually be only 1 txn being made on the ETH chain for that 1000 txns made on the rollup chain, how does security exactly work for each transaction on the ETH chain? How are the 1000 txns exactly confirmed and secured at the transaction level per ETH addresses? Are there 1000 ETH addresses involved?..
As for optimistic rollup, If the challenge can't get any benefit for a long time, then the challenger will no longer protect the system, then the system will be very vulnerable
true, but it literally only takes 1 actor to check. So, theoretically institutions or individuals making significant transactions on on the network will have the incentive to check the rollup that there transaction is in for the security of their funds but at the same time verifying all the other transactions in that roll up as well. I mean imagine you converted ETH to 1,000,000 USDC. Wouldn't you at least run a verification of the block that transaction was in to make sure you weren't scammed?
Finematics - can you comment on the security of the Arbitrum and Optimism bridges? Are they secured by Keys held by someone? Multisig? Thanks again, you are the best I know of explaining Crypto. Excellent video as always
Appreciate the detailed breakdown! 🧐 I wanted to ask something unrelated: 🤔 I found these words 😅. (behave today finger ski upon boy assault summer exhaust beauty stereo over). Not sure how to use them, would appreciate help. 🙏
Great analysis, thank you! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How should I go about transferring them to Binance?
Hey Finematics, can you please do an actual brief and simple explanation on the Balancer protocol? I think people would be really interested in hearing about it.
Sometimes Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
great video. Can you do a video about ZK-snarks? How can it only submit a proof and ethereum knows that it is not fraudulent? Of course that is why it is called zero knowledge, but it seems strange that it can work.
Both solutions will help Ethereum scale, but while ZK-rollups take the execution off-chain and can 100x the transaction processing capacity of the Ethereum network, we still have issues with data storage and availability. Sharding will expand the data layer, but only when combined with data availability sampling will the network be able to fully utilize the rollup capability.
Sharding is no longer on the Ethereum 2.0 roadmap because of how good zkRollups and zkEVMs are now. Great video nevertheless, considering this was posted more than a year ago when it was on their roadmap.
The liquidity issue will probably not be a big deal with arbitrageurs correcting inefficient prices. Only if somebody wants to do a large transaction all at once, rather than in small chunks over time. But small chunks would be much more feasible with the lower gas fees in rollups etc.
I do not see significant difference between the rollups/L2 and Polygon/sidecehains? the rollups have a chain where they do EVM on? how is this different from the polygon sidechain? Is nothing stored on the rollup chain? If so, where are the contracts and such?? How are the EVMs of rollups, different from a sidechain of polygon? The rollups have a bridge from ETH, to the rollup. How is this bridge different from the polygon bridge? How is the bridge secured? How are the rollups placed on the ETH chain, different from the checkpoints placed by Polygon on the ETH chain? Thanks for help
The main difference is that if something goes wrong users can still withdraw their funds from rollups - even if their whole EVM-compatible chain stop working. This is not the case with sidechains.
Also why won't the validator collude with the entity producing the transaction if the oint of transaction is greater than the bond they have to put up to validate a transaction
Further is a situation where you have thousands of transactions a day, who is going to pick out the ones that are fraudulent, plenty will slip through the cracks
coder, but I usually try to do designate some time for a focused research using multiple sources mostly project docs, twitter, youtube, podcasts, whitepapers
The ultimately fatal flaw with optimistic rollups is the fraudulent transaction only has to outweigh the bond penalty. This approach can therefore never be used reliably in high value systems. I love the idea but I am forced to stay with zk rollups because of this fatal flaw.
Yeah, you can call it a Layer 2 solution. The major categories of L2 solutions are: state channels, side chains1, plasma, optimistic rollups, zk-rollups, and validium. Layer 2 is a broad field in which many teams are researching and building different scaling solutions that are sometimes competitive and sometimes complementary.
Excellent video that perfectly explains how Rollups work. I think Polygon with its implementation of zkEVM can give a big boost to the whole industry. Personally, I am waiting for mainnet launch in order to evaluate whether zk-rollups can be successful.
