crypto

6. Based rollups ultimately won't take off in 2025.

Good enough interop via protocols like Across will be achieved.

No line of sight to universal synchronous composability.

7. TEEs will become an integral (and ultimately permanent) component of L2 infrastructure.

Mippo 🟪

What does this mean?

https://x.com/MikeIppolito_/status/1870938945971949745

Everyone will capitulate to using TEEs for verifiable transaction ordering, in service of lowering tx latency (a la Flashbots' rollup boost: https://writings.flashbots.net/introducing-rollup-boost)

"Ultimately permanent" because trusting SGX is the path of least resistance compared to ZK proofs or another software-based verifiable compute mechanism, since the performance isn't there yet

Explain like I'm someone in crypto 10 years but aren't 2-3 clicks deep in how transaction ordering works in late 2024

yeah what is the tee <> l2 connection / why is it important relative to L1s?

tee = trusted execution environment

(i guess) used for decentralized transaction sequencing but it’s some research rabbithole far detached from user expertise 

TEEs are the best technology today for speed, privacy, and decentralization.

They are particularly salient for L2s since L2s optimize for different things than L1 and as a result are harder to decentralize in the typical ways. In particular, super fast UX or novel ordering schemes like prio fee ordering.