Three Crypto Pioneers on Crypto’s Monolithic vs. Modular Debate – Ep. 589
Chris Burniske and two proponents of each approach discuss their different characteristics and relative benefits, and what will drive the next crypto bull cycle.
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In this episode of Unchained, Anatoly Yakovenko, co-founder of Solana Labs, Nick White, COO at Celestia, and Chris Burniske, partner at VC firm Placeholder discuss the differences between modular and monolithic, or integrated, blockchains, with Solana epitomizing the monolithic approach and Celestia the modular one. They all agree that both approaches have their merits and will likely coexist, but argue each lends itself to specific use cases and developer preferences.They also discuss what will drive the next crypto bull cycle, and each gives their best predictions for a specific development in the crypto industry in the next few years.
Show highlights:
🔹 Chris’s explanation of the modular vs. monolithic approach in blockchains
🔹 What drove Anatoly to prioritize speed in Solana’s architecture and its impact on the network
🔹 What Celestia is and how it represents the first modular blockchain network
🔹 Whether developers and users will gravitate more towards modular or monolithic blockchains
🔹 How Solana, as one of the fastest blockchains, is gearing up to handle massive usage and scalability
🔹 Why Chris views Celestia as a frontrunner in the data availability sector
🔹 How Nick perceives the philosophical similarities and executional differences between Celestia and Solana
🔹 Whether there’s potential for Solana to transition into a modular blockchain in the future
🔹 Why Chris believes that the Solana Virtual Machine (SVM) might surpass the Ethereum Virtual Machine (EVM) in user adoption
🔹 What challenges Bitcoin faces in developing actual Layer 2 solutions, especially considering its “doomers storage” issue
🔹 What could drive the next crypto bull market
🔹 Top predictions for 2024 and beyond
🔹 Anatoly’s perspective on how a significant hack could pose a serious setback for the entire industry
Thank you to our sponsors!
➡️ Arbitrum Foundation
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Guests:
⭐️Anatoly Yakovenko, cofounder of Solana Labs
⭐️ Chris Burniske, partner at Placeholder
⭐️Nick White, COO at Celestia Labs
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Time Stamps:
00:00 Introduction to the episode
01:55 The modular vs. monolithic approach in blockchains
06:23 Solana’s design philosophy and approach
09:21 Introduction to Celestia and its role as a modular blockchain
13:29 Preferences of developers and users in blockchain technology
18:43 High throughput challenges and solutions in Celestia and Solana
24:55 The possibility of Solana evolving into a modular blockchain
33:13 Prospects of decentralized applications migrating to Solana
43:58 Potential catalysts for the upcoming bull market in crypto
1:01:53 Security concerns within the crypto industry
1:09:22 Making predictions for 2024
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#bitcoin #ethereum #crypto #cryptocurrencies
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by Unchained
linux foundation
Burniske is such a sleazy grifter.
Research # ETHGATE 👀👀👀
I remember this Chris guy talking about something in the Bear Market..like he was 100% wrong about everything.
find out why Bitcoin was created
0:00: 📈 The video discusses the superiority of SVM over EVM in terms of user experience and performance.
6:23: ⛓️ Solana is pursuing an integrated approach to synchronize all the world's information in a fast and scalable way, aiming to achieve better price discovery than traditional stock exchanges.
11:50: 🔗 The video discusses the difference between modular and monolithic innovation in crypto, with a focus on data availability and scalability.
17:21: 💻 The video discusses how Solana can scale to a large number of nodes and bandwidth demands using current and future technology.
23:19: ⚖️ The video discusses the importance of scaling block production and verifiability in blockchain networks.
28:44: ⚙️ The video discusses collaboration and development progress in the blockchain space, particularly involving Ethereum and Salana.
34:56: ⚙️ The debate between Salana Virtual Machine (SVM) and Ethereum Virtual Machine (EVM) performance and user experience.
40:21: 💰 The video discusses the future of Bitcoin and the need to solve for its transaction fee model.
46:07: 📈 The potential approval of a Bitcoin ETF by traditional finance is expected to bring widespread education, awareness, and capital flow to Bitcoin.
51:43: 📈 The video discusses the future value of applications and the shift towards a modular technology stack.
57:37: 📈 The discussion focuses on the progress and challenges of Ethereum in comparison to other platforms like Celestia and Solana.
1:02:39: 💻 Discussion on the need for industry improvements in technology security and the availability of advanced on-chain wallets.
1:08:13: ⚙️ The video discusses the ease of use and adoption of blockchain technology within the crypto community.
Recapped using Tammy AI
bitcoin is the lithium of pharma, works great but nobody makes any money selling it so they "market" other things
How do I find Nick on X?
Sorry but Chris is talking way too much
SaaS is great if you're building it, but if you run a company the cost escalates fast. That's the reason companies move to Microsoft or Atlassian products. In relation to modular, there will be rent at every level. The bundler / paymaster rent, wallet rent (AA), DA rent, L2 rent, L1 rent oh and protocol rent. You get the idea
would be nice for all the devs to abandon both SVM and EVM and do Move instead. SVM's problem is nobody is building with interfaces. EVM's problem is it's not parallelizable.
Ethereum failed and couldn't scale so it pretended to be settlement layer
Celestia is exploding in popularity I think Modular is the future both can coexist though
cheers
Saying hardware scaling then solana throughout will go up is not real scalability, thats the same bottleneck of everything lmao
I cant wait until some random indie game on some random chain gains more users then ETH/SOL combined and this whole paradigm is fucked. Its time to go invest in app layer things…if an app with real users is on a chain that "doesn't make it", the other chains would be throwing token grants at it to redeploy on theirs.
Outstanding episode
The thing about monolithic is that it's difficult making them cheap, decentralised and have low inflation at the same time. This is a very very difficult task. There is no way in my opinion that monolithic L1s like Solana can keep cheap fees and become highly decentralised and reduce inflation. Whereas the thing with modular is you can have high decentralization and high fees on L1 without a problem, because the L2s can be cheap and they can use L1s security.
Awesome episode
these are scammers not innovators