Ethereum

Only a few are aware that Istanbul's Stock Exchange has an RWA-focused EVM blockchain that;
- Is being validated by big banks (or financial institutions in Turkiye)
- Is private (only the government can see the transactions)
- has a product called BIGA, which is an onchain gold that Turkey's Treasury Bank issues.
- Is live, and Turkish citizens can now use it on their mobile bank applications.
The picture below is the diagrams that I used to explain why a ZK-based Rollup on Ethereum would be beneficial for bringing interop to their chain.

Only a few are aware that Istanbul's Stock Exchange has an RWA-focused EVM blockchain that;
- Is being validated by big banks (or financial institutions in Turkiye)
- Is private (only the government can see the transactions)
- has a product called BIGA, which is an onchain gold that Turkey's Treasury Bank issues.
- Is live, and Turkish citizens can now use it on their mobile bank applications.
The picture below is the diagrams that I used to explain why a ZK-based Rollup on Ethereum would be beneficial for bringing interop to their chain.

https://takaschain.takasbank.com.tr/index-en.html

🫣 I've always imagined that is why the rollup centric roadmap is better for Ethereum. 

There would always be some activity that doesn't want to be on the L1, no matter how fast or cheap you make it. When crypto really goes mainstream, this would undoubtedly be the majority of all activity. And without the idea of rollups, Ethereum isn't in a position to benefit from the mainstream adoption of its technology.

With the rollup centric roadmap, the L1 is opting to render itself a service to all chains that would exist and solve some of the hardest interop problems that come with mainstream adoption of blockchains.

Researcher at Clave and
Co author of EIP-7212 