Client diversity chat, Redstone L2 announced & more - The Daily Gwei Refuel #690 - Ethereum Updates

Transcript

hello everyone and welcome to another episode of the delway refuel where cup latest news in ethereum ecosystem I'm your host Anthony s and the 16th of November 2023 all right everyone let's get into it so kicking off today's episode we have an interesting new post here from Peter who is the team lead at go ethereum or gethia and this is all about client diversity so he basically shared this on Twitter saying pushing for client diversity is all the rage in ethereum with horrible repercussions if it doesn't get better what if we could solve the issue while letting people run whatever client they prer without a hard fork and shippable in a couple of weeks and apparently we can so there's this post here um it explains basically what um what Peter's going on about and I'll link it in the YouTube description below

uh for you to for you to check out but essentially the gist of it is is basically being able to verify what other uh I guess like clients are seeing without having to run the clients yourself so essentially what would happen would be if you're running gu you would be able to verify um through some kind of like means that was built that would be built into to the clients what the other uh clients are seeing when it comes to the blocks being proposed and verify that it's the same as as what you're seeing um and that is my understanding of it in the gist of it and this is and you're doing it in a stateless way which means you don't need to be running the clients uh yourself in order to or you know running multiple clients yourself in order to verify these things at least that's my

understanding there now of course there's a bit of discussion that has been spurred on by this with a bunch of people jumping in to the discussion people talking about how this is doable with with veral trees and is at the heart of the EIP because veral trees is part of the Verge upgrade which is getting ethereum kind of um you know ready for for statelessness and and light clients and things like that but I thought it was just an interesting thing because I've talked a lot about client diversity on the refuel before obviously it's super important for the chain to be um you know diverse on the client side of things when it comes to client diversity we're very good on the consensus layer side where we you know originally if you remember had prism that was pretty high but then that came down a lot and now we have a pretty

pretty good I guess um a pretty good distribution of uh of uh of clients on the consensus layer side of things I mean if I go to the client diversity. org website you can actually see what this what this looks like here I'll bring it up on the screen for you to see uh you can see yeah I mean prism's still obviously leading here but it is a lot less than what it was it is not over the any any of the critical thresholds um and then you can see you know uh there's different data sources as well there's Sigma primes uh uh block print meal laabs and rider. network I guess most of them are they're pretty similar um I think that migal Labs is is the most different where it's got Lighthouse as the dominant client and prism as not the dominant client as the as as as a second

client here um but generally it's it's uh you know it's pretty close rated. network is pretty close to Sigma Prime's block print here where it's got prisent at about 43% client share Li at Lighthouse at 33% teu at 16% that's pretty I think that's the highest that's ever been the nimas at 5.7% load 1.2% and then there's others there but then if we look at the execution layer side of things it's still dominated by gu right and now keep in mind this data is self-reported um and this is this is only covering about 60% of the network I remember I I described to you guys or explained to you guys that this data basically is being sourced from staking entities that have reported what they're actually running you know what execution client they're running and then you have ether noes data which was removed which

basically showed a bit very different picture because it basically looks at the whole network it doesn't just look at the uh the network uh that validators are connected to because obviously we care most about what validat are connected to because they're the ones proposing and attesting to blocks they're the ones that are going to uh you know be potentially on the wrong chain if something was to go wrong here so I totally understand why you would want to see this data instead of the whole network uh which which makes sense there but I won't rehash kind of what I was saying there but essentially you know the reason why gu is so sticky is because it's just such a reliable client right it's so it's it's very reliable big uh staking entities love using it because of its reli reliability it's been around the longest it is um you

know it's basically that all Rel relable right so I think you always go back to it it's like how so many of us still use metamask even though there are better wallets out there not to say that gu you know is is um is a bad Clan or anything like that but it's kind of that thing of well we we go with what we're used to we go with what we what we can rely on what we can trust and for these big staking providers for them to switch there there's a cost there right there is a there's a risk there that's that's the cost is is the risk and obviously they they don't want to take the risk if they don't have to and I think that they don't believe the risks is is very high of having guest be dominant on the network which I think is the is the

wrong belief but it's like a priority thing for them where they basically look at okay well what's you know what's the risk here what's this risk what's this risk and then go down the priority list but obviously we would love to see this improve but at the same time if we can improve it without having to get people to run the you know the different clients and we can improve it in a way that that Peter has kind of outlined here that would be like the Holy Grail basically and I think that um that's what we're working towards with the Verge and veral trees and all that stuff there but if we can do it before that without a hard Fork it it would be really really good to uh to be able to do that but yeah you can check out the post for yourself and the discussions

around it I'll link it in the YouTube description below for you to do so all right so I spoke about smoothly I think a couple of weeks ago which is this uh concept of or something that's launching uh called the which is an meev smoothing pool for solo stakers so essentially you know how there are smoothing pools within Rocka pool and Lio also has like a smoothing of their rewards and other big staking providers do this as well well you know why don't we have that for solo stakers well that's because solo stakers obviously aren't one entity right there's nothing you're not you're not able to smooth over all the solar stakers because solar stakers are independent node operators so that's where smoothly comes in where it allows people to to kind of opt into this um this contract as solar stakers

or the system as solar stakers and then have their rewards smoothed out now of course like if you're someone who likes to play the lottery of um of me and you would love to just sto a stake and then and then uh you think you're going to be lucky enough to land one of those Big meev Blocks then you can go and do that but your chances of that are extremely low and I've I've basically outlined that plenty of times before so the better thing to do and I guess like the plus EV or plus expected value thing to do would be to actually join smoothly as a solar operator because if one of the solar operators as part of smoothly lands that block then everyone get kind of gets a share there right so it it is kind of uh everyone working together for

the benefit of everyone else which I think is is pretty cool now the part of smoothly isn't just the smoothing rewards but it's also something called slide which is something I I I I think I mentioned a couple of weeks ago as well but slide stands for social layer incentives for decentralization so by using smoothly as a conduit donations to uh to smoothly will accumulate alongside rewards from block proposals and be paid out to solo validators that opt in so obviously this is a fully kind of I guess um uh voluntary thing where people can make donations entities can make donations uh sort of like what they do with the protocol Guild you know where when these Dows make donations to the protocol Guild or individuals do it but their um the slide initiative would do it for for solo stakers and I think this

is just another really cool thing that they've added on to the whole smoothly uh uh kind of application here or the whole smoothly system here because it just increases the incentives for for solo stakers right it increases the incentives people to be solo stakers and I think in the face of a bit of drama that I've seen lately about how Lio is launching their Community staking module soon and they I think Li is trying to do a vampire attack on solo stakers well this is a good way to fight back against that in terms of making it making the rewards as attractive and juicy as possible for solar operators instead of uh you getting them to funnel themselves into systems like L and other obviously other systems out there because that's not good for the decentralization of the beacon chain so yeah if you want to read

more details about I guess like smoothly and the me smoothing pool and slide and all that I'll link this in the YouTube description below for you to do so but this is basically what it looks like there's a nice little graphic here of what it looks like you get the rewards from block proposals you get the donations they all go into this pool and then it gets smoothed out over everyone that has opted in uh to this pool here so I I just think it's a very cool initiative so you can go check this out we'll link it in the YouTube description below for you to do so all right the rest of this episode is actually going to be about layer 2 so a lot of layer 2 news today which was pretty cool because I think that layer 2os have kind of fallen out of favor

lately with the wider crypto EOS system they seem to be futing layer 2 all the time coming up with all sorts of weird narratives to me uh that I just look at and I'm like what are people even going on about layer 2s have never been in a better position than what they are right now they're killing it on the adoption side of things the research and development is Go is is going very steady you know we have a major upgrade coming in q1 that'll improve layer 2 obviously EIP 4844 or Proto Dan shotting so I'm seeing all this stuff on crypto Twitter and I'm just like wow there's so much noise here you know I'm getting to the point now where I'm kind of thinking that my spending time on crypto Twitter is like completely negative for not not just my mental health of having to deal

with like reading all these bad takes all these kind of just wrong takes so to speak but also the fact that it's just so toxic now and I've been trying to use farcaster more but it's it's hard because you obviously develop a habit for for apps like Twitter right and obviously I use Twitter pretty heavily on on the refuel in order to get content but at the same time I look at it and I'm just like you know why am I exposing myself to all of this stuff it's just so much noise like if you actually look at the fundamentals and what's being delivered it has never been stronger especially on the layer 2 side of things on that note as well that's what I wanted to talk about over the next I guess like 20 minutes uh remaining of this episode so the first thing is that

nocturn which is um which is uh an onchain privacy protocol is now live on mainnet now of course this isn't live on layer 2os yet but I expect it to be live on layer 2os and it also falls into the whole privacy Renaissance that's basically happening since the tornado cach sanctions where we have nocturn and then we have um you know Aztec for example which is a private private privacy Focus layer too uh basically deploying um and making privacy available to everyone here now I do believe nocturn does have plans to deploy this on layer 2os but obviously deploying it first to mainnet is is a smart move just to get that initial kind of user base and that initial liquidity there um but uh yeah so you can go to app. knockturn doxyz to check this out

and actually interact with it all here but what is nocturn well basically it's a way to uh do privacy on chain in a I guess you could call it compliant way and I think I discussed this a few ago when I first or not when I first covered nocton but when I covered um I think their funding announcement or they did some blog post where I basically said that doing compliance focused privacy on like on chain is going to be an uphill battle because when it comes to compliance there are different jurisdictions around the world right where essentially one jurisdiction is going to have sanctioned one country so for example the US sanctioned Russia it sanctioned North Korea but the other countries aren't going to have those same sanctions so essentially what happens is that do you follow the Us's

regulations or do you follow China's or Russia's right like when it comes to a Global Network like ethereum the default in my opinion should be that it's completely credibly neutral and you're not following anything you're following the rules of the ethereum protocol because if you try to follow the rules of extra ethereum protocol you run into this mess as I just described and that was my main knock against not not knockturn uh specifically but against like compliant privacy protocols generally because it's so subjective it it removes the objectivity of having just like you know full onchain privacy here and add subjectivity to it not to say there's not value in this but I I really would I really I'm kind of um interested to see how this plays out

over time like what the end state of this looks like that do people actually want to use it even though there's that kind of risk there that they're going to essentially uh maybe be um you know not banned from the protocol but something adverse was to happen here uh I'm not sure like we're going to have to see how that shakes out but that being said as I said you can check out this app for yourself there is funny enough a disclaimer here uh that basically says you take this disclaimer right and it says I will not use this software in connection with money laundering terrorism financing human traff trafficking sanctions evasion or any other unlawful purposes okay as I said sanctions evasion right like there are people going to be in countries that are not evading sanctions of their country they're evading sanctions of another

country right for example but they're not the citizen of that country as I said if you're a citizen of Russia you're not evading the sanctions of the US on Russia by doing business within Russia and it it it becomes so murky I'm sure you guys can see I'm I'm not going to hop on about this but it becomes such a murky thing and I just don't know how it's workable at scale but we're going to have to see how that plays out but once you tick that and you agree to it you can continue on here I'm not sure if they have like an IP thing where they're barring us users or anything like that obviously I'm not in the US and I'm not using a VPN right now so I'm on my Australian IP um and you know if I was to kind of like connect and everything

I'm I think I'm able to use this just fine I'm able to deposit funds transfer funds swap assets all that good stuff there let's see if I can actually connect my metamask here I'm going to switch to main net on on S.E and connect my metamask here and show you guys kind of what it looks like uh yeah even in in I think metamask uh there's a kind of know there's a connection request I can just connect to the app here on metamask I don't know how long it's going to take or if it's going to kind of um kind of work here and then I can obviously see my account balance and everything and uh and everything like that oh okay nocturn installs a SN into metamask here which is pretty cool actually um it's it Snaps are extensions for metamask basically and then I connect S.E to this which you

can obviously uh see my account balance and everything and then I do a signature request as normal sign and there we go okay I'm in I'm in now I didn't do this before cuz I wanted to do it live on the show but I'm connected you can see here it's kind of loading my balances and stuff like that it's got my account balance here uh if I click on balances it will show me if I deposit funds you know I can kick off my journey by depositing some eth I can swap I can stake you I can do I do all this good stuff here it's pretty cool that I can stake in a private way as well um but yeah you can go play around with this yourself I'll link it in the YouTube description below but as I said like I'm you know you guys know I've been like a

huge bull for like privacy and scaling those are my two major things within crypto I think they go hand inand but I've become not bearish on privacy but I've become kind of like cautious now where I'm like okay well if the future of privacy on chain it doesn't matter if it's on ethereum or elsewhere is privacy that has to comply with various kind of nation state regulations then like is it really real privacy because as I said like ethereum is a global network ethereum is not just serving us users it's not just serving you know people in in in in the EU or in Europe right um it's serving everyone globally and it's trying to do that in a credibly neutral decentralized censorship resistant way

where it doesn't favor any one person you can be anywhere around the world and access ethereum right you can be in the most heavily sanctioned country in the world which I think is North Korea and you can use ethereum and it's completely open um but of course obviously for various different reasons you know the United States for example doesn't want anyone that they are allied with doesn't want any of their citizens doing any business with North Korea right for example or or or or doing anything in connection with them and that's totally fair from the US's perspective same with uh with uh you know putting the sanctions on Russia and things like that and for their geopolitical goals and everything but at the end of the day that's where the tension is the tension is between ethereum as a credibly neutral Global Network and then the apps

building on top of ethereum trying to fit the meat space as we like to call them or the real world regulations into a network that will allow you to do that obviously because etherum is permissionless you can either make something compliant or completely centralized or you can make it decentralized and completely non-compliant um with anything and basically as credibly neutral as you want um but obviously nocturno has gone down the the path of compliance out which as I said I don't blame them for at all and I think that's actually a generally happy middle ground but I think that um it just becomes murky when you look at the the fact that they're going to have to try and comply with uh with regulations depending on where they are like and it's not just nocturn it's obviously other privacy apps out there

so yeah and and I'm I'm very curious to see how that all shakes out over time but yeah anyway uh didn't I I I don't want to kind of like paint this in a negative light at all but I do want to just caution against what I see the end state of this being and how I don't have the answers to this it's more of a I'm highlighting the issue now let's revisit re revisit it in a few years and see what what happened with all the Privacy protocols uh but still cool very cool to see nocturn on Main net here you can go check this out for yourself I'll link it in the YouTube description below for you to do so all right so today ens announced the launch of the evm Gateway now I think I covered this like a while ago on the

refill this has been in development for actually quite a while and what this is is basically a way to bring interoperability between L1 and L2 chains for ens and as ens says here it will be the foundation of our next generation of L2 resolvers and the first step in our L2 road map so of course the evm Gateway is open source uh and it includes a generic ccip read Gateway framework and a solidity Library it allows L1 smart contracts to fetch and verify state from other evm chains uh obviously l2s efficent efficiently and securely and some of the features include a modular design allowing for trustless operations and simplicity you can operate your own Gateway or use an existing one plus changing targets the L2 you want to read from is as easy

swapping a verifier contract address the AVM Gateway is uh available for early use now on optimism mainnet and girly uh and the optimism team has actually had a hand in in in in in building this here now this goes back to what I was saying before about all this fud around the fact that people are like oh you know l2s break composability they break interoperability you know they're not able to communicate with each other as a effectively and efficiently as like an L1 is and there is so much wrong with that statement that I I I it boggles the mind how much is wrong with that statement if you're saying that and if you actually believe that I would really like I I don't think any of anyone listening to the refuel believes that right but if you know someone who does I would encourage you to encourage them to

actually do their research and not just parrot whatever they say on crypto Twitter because if I'm being honest I think 99% of the stuff that's said on crypto Twitter is absolute it's just narratives and as I've said to you guys before it's free to spin whatever narrative and story that you want it the cost comes when you go to deliver something right but taking it back to this Narrative of oh there's no inoperability or it breaks composability of l2s and things like that that that's completely false because we do have interoperability right we have interoperability with the bridges that Al today some of them are good some of them are right it's just the way it is and and obviously they're not in their end state right now they're working towards their end State we have different types of bridges we have liquidity Bridges um we have bridges

that have their own validator set right we have all these different types of things that are going on in that in that kind of ecosystem there but the bridges are really pardon the pun here but they're like a bridging step to the inoperability of the different of the various layer twos when we eventually get um things like the super chains that optimism and polygon are building and I actually think that the super chain thesis is going to be the winning one for the simple fact that remember I told you guys that I think that that when it comes to generalized l2s there would only be a handful of of winners here it it'll follow a power LW effect right so if that is going to be the reality then a super chain a super L2 of all the other l2s within an ecosystem talking to

each other and being able to interoperate with each other is the I guess like holy grail of an L2 and of course there's going to be various different super chains let's say we have like five Super chains with and within them you have like hundreds if not thousands of different different uh rollups right different l2s well those super chains are also going to be able to interoperate with each other yes it may not be like totally composable in the in the sense of it won't be atomically composable right but it will be uh it will be fast enough it will be uh to to bridge between them it will be inoperable enough for basically 99% of users right and the ones that that need more interoperability than that honestly they're probably like the whales and the bigger users out there and they'll deal with it in in a various in various

different ways right so and that brings me to my kind of like Grand unified thesis that I've been thinking about when it comes to l2s lately and I'm going on a bit of a tangent here but I feel like I I need to bring this up because it's been on my mind for like weeks now and I haven't had an opportunity to bring it up before but my grand unified theory of like not just l2s but of what blockchains look like in their end state is that I think what the ecosystem and I'm not just talking about ethereum I'm talking about broader crypto ecosystem generally is basically going back to it's going back to its roots of essentially blockchains doing what they do best which is being a settlement layer I truly believe that a blockchain is only good and only beneficial and and only and its only use

case is being a settlement layer right and then obviously l2s are blockchains as well but the l2s are optimizing for computations and they're doing that technically off chain and by offchain I mean like off the L1 L1 doing computation I I I'm very bearish on because for an L1 to be as decentralized secure robust diverse distributed and as possible to become the best settlement layer it cannot do everything it needs to be hyperfocused on that thing and because decentralization is actually an emergent property of all these other things like for example decentralization itself is not something you can create it emerges from the properties that feed up to decentralization and those

properties include the security of the chain right the um the the monetary asset of the chain the the uh the client diversity the credible neutrality of the chain the diversity of the social layer the um I'm just rattling off things as they come to my head right now um uh the censorship resistance of the chain all that kind of stuff right that those things are the properties that give us decentralization so if we optimize for all of those things right with the singular goal of making the chain as decentralized as possible in order to become again the singular goal above that to become the best settlement layer possible then ethereum in my opinion is the only chain optimizing for that in the best possible way and then we can have the best of all Worlds by

basically not optimizing for computations on layer one but optimizing for computations on Layer Two and above from there where they all settled down to layer one so you still get the trustless of the layer one but we've just kind of exported it to the layer 2os that to me is the grand unified kind of theory of blockchains where blockchains are these kind of like I guess you call them dumb things where they do one thing really really well like the layer one blockchain does uh does settlement really really well and then it offloads all the other stuff to the layer twos that is my thesis on ethereum that is why I'm so bullish on ethereum that is what I think is going to be the big winner in the in the decades to come I am very bearish on the monolithic design obviously it can

succeed quote unquote for for a while right because it's not just going to fail overnight or anything like that and it may kind of carve Niche a niche out here and there but if we're talking about where most of the activity is going to concentrate I do believe it's going to be these super chains and these General kind of like al2s and Roll-Ups and things like that that all settle down to ethereum as the best most robust and secure sent layer but is ethereum that today no I don't think so ethereum's got a lot of work to do it layer one but again this is why ethereum has pushed the uh computation the execution the scaling Innovations mostly to Layer Two because we want to do uh as much as we can to make ethereum as robust and secure as possible at layer one without being distracted by having

to to to focus on these other things because it's a it's a huge lift right it's a very heavy lift and it's an even heavier lift to try to do this in a decentralized distributed open source way because really everyone gets to see how the sausage is made and everyone is a Critic right so when you're in that environment it becomes even more difficult to to kind of build that stuff so I think that offloading that to the layer two is where they all innovate and then we can bring those Innovations on layer one as necessary as well is the best path forward and that's my whole thesis and that's my whole kind of belief that's like a long-term thesis I'm not this is not like a the next year thing this is a a decades long thesis that I have on this entire space Not

Just ethereum but on on how the entire space is going to play out and the last thing I'll say here cuz I know I'm ranting a little bit here but I I I felt like it was it was definitely important to go over this the last thing I'll say here is that do not equate price action with fundamentals right because if you equate price action with fundamentals what you do is you basically Define the thing that you're kind of bullish on based on what it's doing what the price of the asset is doing so if the price of the asset has gone up you're suddenly more bullish on the tech right the fundamentals suddenly got better which is not true obviously but like that's how you you feel if if if you're just looking at price and then when the price goes down you start doubting your thesis you're like

oh am I wrong like have I been wrong this whole time what happened did the fundamentals get worse can the devs do something you know that's where that Meme came from right when the price goes down everyone sudden like oh my God the price is going down what's wrong nothing's wrong that's just how the markets work right and you have to be like more long-term minded you can't just look at the short term so I'd be very careful equating those two things especially over the short to medium term and I of and I am of the strong belief that over the long term in when it comes to price and markets fundamentals play out because if you look at Bitcoin and ethereum still being the top two assets by far and still being the majority of the combined total crypto market cap right um You can see that kind of play

out there but it's played out over longer Cycles I mean to give you a perfect example xrp flipped e in 2018 and that was like the top of the bull market in the bull market before the last one you know xrp flipped eth now since then XP is down extremely bad against eth I mean it's held its own against USD of course but like relatively but like it's down really bad against eth since then right and over its entire life cycle it's down pretty bad against eth but just to illustrate my point about short to medium-term price action is garbage there is no signal there longterm is where you get the signal but at the same time you should not Define your thesis on your favorite project or your favorite chain whatever it is based on its price action you should Define it based on the actual

fundamentals because the price rarely rarely reflects the fundamentals over the short to medium term I would say it probably never does over the short to medium term but over the long term most of the time it does and and I truly do believe that but anyway enough of that little mini rant there you can go check out 's evm Gateway for yourself I'll link it in the YouTube description below uh for you to do so all right so L2 beat has announced a new feature during their talk at the L2 Days event at devc connect so they've got a brand new liveness page that is officially live on the L2 be website you can check it out I'll link it in the YouTube description below but basically what this is is as l2b describes it um they basically say the dashboard that

we've built includes information for both batch submissions for transaction data rollups and State updates the average interval shows how often L2 transaction data or state routes make their way to the L1 the max interval is the longest time without activity so if you go to this dashboard you can see what the batch submission interval is for the different l2s and uh what what it is for uh not just batch submissions but State update intervals over the last 30 days on average and over the last 30 days what the max time was you can see here that most of them in terms of their 30-day average uh in terms of batch submission uh intervals are under an hour actually most of them are under 10 minutes uh and and you know other the biggest ones like arbitrum One op main

net uh and base uh right now are a couple of minutes at most right and then you can see the state update intervals uh depending on what they are if they're an optimistic rer ZK roll uper changes but they're all under an hour about an hour or less or most of the hour or less and then that's the the average and then you can see what the max time is how long it took you know between um uh how long it took within the last 30 days to poach a post a batch or post a state update interval um when it comes to like the top three here uh for the batch submission it was 11 minutes 6 minutes and 30 minutes as the longest periods here and that can happen happen for any number of reasons it depends on the actual L2 itself but one

of the reasons it can happen is because maybe the gas fees Spike really high and they basically have a system in place that says wait till the gas fees come down a little bit before we do this because we'd just basically be overpaying for security if we were to publish this that should actually go away mostly with um ARP 4844 when they're using blob transactions instead of call data because of the fact that the um uh blob transactions are going to be a separate fee Market to call data which is shared with the rest of the ethereum L1 transactions so that that kind of spiking there should definitely go away uh but yeah anyway this dashboard I think is really really cool because it basically shows you what the I guess settlement time or time to settlement is for the various different l2s on ethereum and you can go check

this out for yourself I'll link it in the YouTube description below for you to do so all right Lattis which is a team building autonomous worlds has announced their own L2 today called Redstone now the funny thing about this is that this L2 is actually using the plasma construction or the plasma exit games that I talked about yesterday that metalic highlighted so they're calling Redstone a plasma inspired Alt a chain built on the op stack so essentially the TDR of what it is you can see here Redstone operates like a traditional optimistic rollup except instead of posting the input state to L1 we post a data commitment hash this allows us to achieve massive cost savings as input data makes up the majority of a Roll-Ups

cost so technically it's still kind of like a validium or an optimium I think they're called optimums when they're an optimistic rollup that stores data offchain but it's doing it um in a in a in a kind of like different way where it's storing the data commitment hash uh kind of like onchain here and then um using offchain data availability I believe as you can see here they say they say to ensure the input State corresponding to the input commitment is available as for data availability there is a data availability challenge contract on L1 which allows anyone to submit a challenge to a data commitment in case the proi misbehave so that's exactly what vitalic was talking about yesterday I believe with his um resurrection of the plasma exit games here and you you can see here that the challenge system that lce has designed

for Redstone is actually already permissioned meaning that any commitment can be challenged by any user any honest actor on the internet can enforce the availability of the chain and you know the coolest thing about this is the fact that valalik only posted about this yesterday and he' obviously been working on this with the Redstone team or at least with the op uh kind of labs team on this so it's very cool to see that there's already an implementation live out in the wild here but uh but yeah anyway you can go check out this announcement for yourself I'll link in the YouTube description below for you to do so all right just a tweet that I wanted to show you guys today which is in reply to a tweet from Eric Wall here where basically he quote tweets udy saying that l2s on ethereum don't make

sense you know defi loses liquidity Network effects blah blah blah right all the stuff that I was talking about earlier and then Eric wall says you know I can't disagree with this the l2s are not without their problems um of course they're not without their problems right they're not perfect but Patrick mccy here who works at offchain Labs put together a really great reply to this basically talking about how he sees the future of l2's playing out on ethereum here now I'm not going to read this I just wanted to highlight it for you guys I'll link it in the YouTube description below but really the tldr is that he sees all of these different kind of entities within the world um you know making their own l2s kind of interoperating with each other being able to basically push their customers uh to self custody to be able to use

onchain things and not have to custody all the customer assets themselves and stuff like that but anyway you can go read this tweet for yourself I'll link it in the YouTube description below but I think I'm overtime there and actually you know funny thing my computer froze about halfway not halfway through the recording just before actually about a couple minutes ago uh and I and I was like praying that my video got saved because I wasn't going to do the refuel again so there was almost a rug fueld today guys because I didn't want to have to do it again after doing that basically the whole episode and then losing all of the the content but no the content's there OBS saved it for me thank God for that uh but yeah anyway that's it for today so thank everyone for listening and watching be sure to

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