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!
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Timestamps
(00:00) Introduction
(01:17) What are Modular Blockchains?
(05:02) Data Availability Explained
(08:43) Light Clients and End User Verification
(19:13) Eclipse: the SVM Rollup Provider
(20:18) Why do Rollups Need Settlement?
(25:54) Jito Mid Roll
(26:58) Permissionless Plug
(27:58) Should Celestia Enshrine a Settlement Layer?
(31:02) L2 Training Wheels
(35:21) Kyle Samani’s "The Hidden Costs of Modular Systems"
(42:30) Appchains vs Rollups
(46:11) How Eclipse is Bringing the SVM to Ethereum
(47:26) Are Centralized Sequencers Okay?
(52:56) Will Crypto Apps Have a Power Law Outcome?
(57:31) Network Effects and Value Accrual
(01:07:43) Where Will Enterprises Launch Applications?
(01:11:36) Rapid Fire
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Resources
Jito
Celestia
https://twitter.com/CelestiaOrg
https://celestia.org/
Eclipse
https://twitter.com/EclipseFND
https://www.eclipse.builders/
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Disclaimers:
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.