The Value of Modular Blockchains | Nick White (Celestia), Neel Somani (Eclipse)
Nick White (COO of Celestia) and Neel Somani (founder of Eclipse) join us to debate the tradeoffs of modular vs integrated blockchains. We cover the modular thesis, how Eclipse is bringing the SVM to Ethereum, the hidden costs of modularity, centralized sequencers and L2s, where value will accrue in a modular paradigm and more!
01:49 What are Modular Blockchains?
05:34 Data Availability Explained
09:15 Light Clients and End User Verification
19:45 Eclipse: the SVM Rollup Provider
20:50 Why do Rollups Need Settlement?
26:26 Jito Mid Roll
27:30 Permissionless Plug
28:30 Should Celestia Enshrine a Settlement Layer?
31:34 L2 Training Wheels
35:53 Kyle Samani’s "The Hidden Costs of Modular Systems"
43:02 Appchains vs Rollups
46:43 How Eclipse is Bringing the SVM to Ethereum
47:58 Are Centralized Sequencers Okay?
53:28 Will Crypto Apps Have a Power Law Outcome?
58:03 Network Effects and Value Accrual
01:08:15 Where Will Enterprises Launch Applications?
01:12:08 Rapid Fire
Follow Neel: https://twitter.com/neelsalami
Follow Nick: https://twitter.com/nickwh8te
Follow Mert: https://twitter.com/0xMert_
Follow Garrett: https://twitter.com/GarrettHarper_
Follow Lightspeed: https://twitter.com/Lightspeedpodhq
Subscribe on YouTube: https://bit.ly/43o3Syk
Subscribe on Apple: https://apple.co/3OhiXgV
Subscribe on Spotify: https://spoti.fi/3OkF7PD
Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
Lightspeed was kickstarted by a grant from the Solana Foundation.
Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Garrett and our guests may hold positions in the companies, funds, or projects discussed.