Eigenlayer's Blueprint for a Decentralized Trust Network

03/30/24 • 32 min

Sreeram Kannan, the founder of Eigenlayer, discusses the initial 'training wheels' phase for Eigen DA, a data availability service, and the implementation of slashing and market mechanisms.

This episode is sponsored by the Stellar Community Fund

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In this installment of "The Protocol," hosts Brad Keoun, the founding editor of The Protocol Newsletter, and tech journalists Sam Kessler and Margaux Nijkerk, dive into the innovative world of Eigenlayer. They explore the decentralized trust network's vision and technology in a conversation with Sreeram Kannan, the founder of EigenLayer.

The roadmap for Eigenlayer includes the launch of Eigen DA, a data availability service, and the implementation of slashing and market mechanisms. The project is currently on track for a mainnet launch in early Q2.

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Takeaways |

Eigenlayer enables developers to build new infrastructure services without the need for separate decentralized trust networks.
The system utilizes pooled security and attributable security to ensure the integrity and availability of services.
The roadmap for Eigenlayer includes the launch of Eigen DA, slashing, and market mechanisms.
Eigenlayer is on track for a mainnet launch in early Q2.

EPISODE LINKS |

EigenLabs CEO on Jump in User Deposits | Video | CoinDesk

About - EigenLayer

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The Protocol has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “Take Me Back” by Strength To Last.

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Sreeram Kannan, the founder of Eigenlayer, discusses the initial 'training wheels' phase for Eigen DA, a data availability service, and the implementation of slashing and market mechanisms.

This episode is sponsored by the Stellar Community Fund

Follow the show here for more.

Sign Up for THE PROTOCOL NEWSLETTER

Takeaways |

Eigenlayer enables developers to build new infrastructure services without the need for separate decentralized trust networks.
The system utilizes pooled security and attributable security to ensure the integrity and availability of services.
The roadmap for Eigenlayer includes the launch of Eigen DA, slashing, and market mechanisms.
Eigenlayer is on track for a mainnet launch in early Q2.

EPISODE LINKS |

EigenLabs CEO on Jump in User Deposits | Video | CoinDesk

About - EigenLayer

From Our Sponsor:

Apply for Funding at communityfund.stellar.org

The Protocol has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “Take Me Back” by Strength To Last.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Previous Episode

Solana: Its Meme Coin Craze, Growth and Vision With CEO Anatoly Yakovenko

Solana has seen remarkable growth and market capitalization, with its token soaring by 791% over the past year. Despite this surge, the factors driving the popularity and success of meme coins on the Solana network remain uncertain.

This episode is sponsored by the Stellar Community Fund

Follow the show here for more.

In this installment of "The Protocol," hosts Brad Keoun, the founding editor of The Protocol Newsletter, and tech journalists Sam Kessler and Margaux Nijkerk, discuss the rise of Solana and the recent craze around meme coins on its platform with guest Anatoly Yakovenko, CEO of Solana Labs.

Anatoly delves into his journey into crypto and evaluates the sustainability of meme coin growth, probing its impact on Solana's network. He also tackles the challenge of failed transactions on Solana and outlines upcoming upgrades aimed at addressing priority fees and expanding block size. Throughout the discussion, Anatoly Yakovenko provides insights into Solana's comparison with Ethereum, its competitive landscape and ecosystem, scalability initiatives, roadmap, outage management, security measures, and the business model behind the Solana Phone.

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Takeaways |

Solana has experienced significant growth and market cap, with its token up 791% over one year.
Meme coins have gained popularity on Solana, but the reasons for their success are unclear.
The meme coin craze has stressed Solana's network, leading to a high number of failed transactions.
Solana is working on upgrades to address priority fees and improve transaction flow and scheduling. Solana is focused on execution and transmitting information quickly, while Ethereum is focused on settlement.
The visions of Solana and Ethereum are different, but they compete because of overlapping use cases and features.
Security in blockchain networks does not depend on the majority of the network, but rather on the cryptographic signatures and trust of entities like Circle.
The Solana Phone aims to disrupt app stores by offering an app store with no fees, allowing developers to save revenue and provide a better user experience.

EPISODE LINKS |

Solana

Anatoly Yakovenko and Solana Bounce Back

Solana Meme Coin Slerf Clocks Higher Trading Volume Than All of Ethereum

SOL Crosses $200 as Meme Coin Frenzy Bumps Demand for Solana Network

Solana-Based Crypto Exchange Drift Plans Pre-Launch Market for New Tokens

From Our Sponsor:

Apply for Funding at communityfund.stellar.org

The Protocol has ...

Next Episode

Polygon | Building a Unified Environment for Value and Liquidity

Brendan Farmer, Co-Founder of Polygon, gives an overview of Polygon's Ecosystem and its adoption and benefits of the Ag Layer.

This episode is sponsored by the Stellar Community Fund

Follow the show here for more.

In this installment of "The Protocol," hosts Brad Keoun, the founding editor of The Protocol Newsletter, and tech journalists Sam Kessler and Margaux Nijkerk, dive into

the strategy and vision behind the Ag layer, which aims to solve the problem of L2 fragmentation on Ethereum with Brendan Farmer Co-Founder of Polygon.

Polygon is focused on building a unified environment for value, liquidity, and state in the Ethereum ecosystem. The Ag layer connects different mini-ecosystems within Polygon and allows chains to plug into the liquidity and value that already exists.

Takeaways

Polygon's strategy is to build a unified environment for value, liquidity, and state in the Ethereum ecosystem.
The Ag layer connects different mini-ecosystems within Polygon and allows chains to plug into existing liquidity and value.
The Ag layer includes a builder marketplace where builders can simultaneously build blocks across multiple chains, providing users with a seamless experience.
The goal is to create a positive-sum outcome for all chains involved and avoid fragmentation in the ecosystem.

Chapters

00:00 Introduction and Guest Introduction

01:19 Polygon's Strategy and Tech Shift

06:50 Analogies for Understanding the Ag Layer

07:26 Adoption and Benefits of the Ag Layer

09:36 Overview of Polygon's Ecosystem

10:54 Polygon Today: POS Chain and ZKVM Chain

12:28 Polygon's Technological Innovations

14:35 POS Chain and the Future of Polygon

19:42 The Ag Layer as a Connector

22:02 Competition and Collaboration in the Industry

23:36 Avoiding Fragmentation and Rent-Seeking

25:23 The Challenge of Monetizing Users in Crypto

27:44 The Builder Marketplace and Block Building

28:16 MEV and the Ag Layer

32:16 Addressing Outages and Ensuring Stability

34:44 Precautions and Warnings for Users

38:27 The Eigen Layer and L2 Vision

40:17 The Den Koon Upgrade and the Blob Market

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EPISODE LINKS |

Polygon Acquires Ethereum Scaling Startup Mir for $400M

Polygon Plans 'AggLayer,' in Bid to Synthesize Modular, Monolithic Blockchains

Polygon Releases 'Type 1 Prover,' Claiming Milestone Set by Ethereum's Vitalik Buterin

Polygon, StarkWare Tout New 'Circle STARKs' as Breakthrough for Zero-Knowledge Proofs

From Our Sponsor:

Apply for Funding at communityfund.stellar.org

The Protocol has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “Take Me Back” by Strength To Last.

See Privacy Policy at https://art19.com/privacy and California Priv...