The Daily Gwei - Rollup Wars - The Daily Gwei #397
I find it quite amusing that we’re now at a point in the Ethereum scaling journey where there are already “rollup wars” between different technologies. Though this war isn’t like the layer 1 war, this war is about which technologies can best be used to scale Ethereum in the most efficient and effective way possible. And unlike the layer 1 wars, Ethereum wins no matter which rollup/layer 2 ecosystems emerge victorious. Now, while I painted a rosy picture above, the reality is that there is no “one size fits all” solution for scaling Ethereum available today and there likely won’t be for a very long time (if ever). We are currently in a multi-rollup world with each solution having various features, trade-offs and different target markets. For example, dYdX is an application-specific zkrollup (built using StarkWare’s tech) that powers a decentralized perpetuals exchange with some other features planned for the future. On the other hand, both Arbitrum and Optimism are generalized EVM-compatible/equivalent platforms that allow for arbitrary code deployment (just like layer 1 Ethereum). Given this context, I wouldn’t say that Arbitrum and Optimism are “better” than dYdX because it would be comparing apples to oranges as dYdX’s goal is to be the best decentralized perpetuals exchange in the world whereas Arbitrum and Optimism want to be the best generalized EVM-compatible/equivalent optimistic rollups. Then there’s the whole debate around whether optimistic rollups (ORUs) will be obsoleted by zkRollups (ZKRs) and honestly, this debate is really tiring. As bullish as I am on ZKR’s, I challenge someone to find me a zkEVM (generalized EVM-compatible ZKR) that I can use today - spoiler alert, you can’t because it doesn’t exist in production. In saying that, many smart people and teams are working on zkEVM implementations and they may end up coming out sooner than we think - maybe even in 2022 - but the reality is that they aren’t here today whereas generalized ORU’s are already live and have rapidly growing ecosystems. Of course, there are generalized ecosystems using zk-tech live today like StarkNet but they are in very early alpha stages and aren’t actually EVM-compatible/equivalent (by design). Finally, I’ve already started to notice “rollup maximalism” rearing its ugly head where certain people in the community are getting married to one layer 2 team/ecosystem. I think this is so incredibly short-sighted because all of these ecosystems are still very young, the pie is going to get 10,000x bigger from here, and the rollup teams are all working towards the same goal of scaling Ethereum. So really, we should all be rooting for every Ethereum scaling solution to win because they are fighting off the real “enemies” - the other layer 1 ecosystems. Regardless of all of the above, the layer 2/scalability ecosystem on Ethereum is thriving and I truly believe that 2022 is finally going to be the year that Ethereum scales for good. The “rollup wars” will probably just lead to increased competition between these ecosystems which ultimately means better outcomes for end-users - I just hope that the communities don’t get too toxic - especially when all of these ecosystems launch their tokens. Have a great weekend everyone, Enjoyed today’s piece? I send out a fresh one every week day - be sure to subscribe to receive it in your inbox! Join the Daily Gwei EcosystemAll information presented above is for educational purposes only and should not be taken as investment advice. If you liked this post from The Daily Gwei, why not share it? |
Older messages
Proof of Profit- The Daily Gwei #396
Thursday, December 9, 2021
Contrary to popular belief, crypto investing isn't actually easy.
Optimizing Ethereum - The Daily Gwei #395
Wednesday, December 8, 2021
Getting as much juice as we can out of a hardware-constrained Ethereum.
The Global Empire - The Daily Gwei #394
Tuesday, December 7, 2021
We're in the decentralized empire business.
Organically Grown - The Daily Gwei #393
Monday, December 6, 2021
Is your community grass-fed?
Yelling at Clouds - The Daily Gwei #392
Friday, December 3, 2021
The future is now old man.
You Might Also Like
Bitcoin’s realized volatility surges in as traders face extreme price swings
Sunday, March 9, 2025
Volatility clustering in Bitcoin reveals the impact of turbulent rallies and sharp pullbacks. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Asia's weekly TOP10 crypto news (Mar 3 to Mar 9)
Sunday, March 9, 2025
Ms. Sun Xueling, Minister of State, Ministry of Home Affairs of Singapore, said that cryptocurrency fraud cases accounted for a quarter of the total loss amount involved in fraud last year. ͏ ͏ ͏ ͏ ͏ ͏
Trump declares end to ‘war on crypto,’ vows to propel America to Bitcoin supremacy
Saturday, March 8, 2025
Trump brands the Biden era as a crypto setback, .President Trump vows to make America the Bitcoin leader, ending Operation Chokepoint 2.0 and bolstering crypto strategies. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
⚡ incentive → click → sale
Saturday, March 8, 2025
PLUS: the best links, events, and jokes of the week → ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Weekly Project Updates: World Network Launches Chat Feature, Zora Set to Introduce Its Native Token, and Trump Ann…
Saturday, March 8, 2025
Sam Altman's blockchain project, World Network, has launched World Chat, a “mini-app” integrated into the World App wallet. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Treasury Secretary Scott Bessent hints at future US Bitcoin reserve acquisition plans
Friday, March 7, 2025
Federal government considers expanding Bitcoin holdings without taxpayer funds; official discussions underway in Washington. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
NFT & Gaming - 🦁 Loaded Lions’s LION went live and was the top gainer on CoinGecko; Trump-owned company DTTM Oper…
Friday, March 7, 2025
Loaded Lions's LION token went live on the Cronos and Solana. Trump-owned company filed a trademark for a metaverse and NFT marketplace. Hamster Kombat introduced a Layer-2 blockchain on TON ͏ ͏ ͏
WuBlockchain Weekly: Trump Officially Signs Executive Order for U.S. National Bitcoin Reserve, White House Hosts C…
Friday, March 7, 2025
David Sacks, the “Crypto Tsar” and the White House's AI and Crypto Affairs Chief in the United States, tweeted that Trump has signed an executive order to establish a strategic Bitcoin reserve. ͏ ͏
Cardano’s Charles Hoskinson reacts to White House crypto summit snub
Thursday, March 6, 2025
Hoskinson focuses on legislative progress, unfazed by his absence from Trump's crypto summit. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Monthly Update on Blockchain Technology: Pectra testnet activation, zero-knowledge gossip, BNBChain roadmap
Thursday, March 6, 2025
Written by: GaryMa, WuBlockchain ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏