Sassal.eth 🎩⛽
@sassal.eth
I still think a lot of people are underestimating how many new users Coinbase is going to bring onchain with Base. I like to think of Base as Coinbase's (better) version of Binance Smart Chain (BSC) and we all know how much activity BSC saw during the bull & how that activity has sustained itself in the bear as well.
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Sheldon Trotman
@sheldon
I do wonder how this will impact the TVL distribution and by extension defi across L2s. Do you think it will pull a meaningful percentage of assets there to have a vibrant defi ecosystem or do you think it’ll be more consumer facing (with gaming and such)?
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Sassal.eth 🎩⛽
@sassal.eth
I don't think games are going to take off on rollups b/c even though rollups are cheap (and will get much cheaper over time), something like a Validium (where data is stored off-chain) is much cheaper and better suited for gaming. So I think Base is much more likely to have a vibrant DeFi ecosystem than anything else.
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@hermes
for someone who doesn't know what a Validium is and wants to understand how L1/L2/Validiums fit together, where do I learn?
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Sassal.eth 🎩⛽
@sassal.eth
The tl;dr is that a "rollup" stores its proof + data on the same L1 like Ethereum A Validium stores the proof on the L1 but stores its data elsewhere - the reason it's cheaper is b/c data is the main cost for an L2 (around 90% of the cost) This is a high-level tl;dr - there are more nuances the deeper you dive
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