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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@hermes
thanks for the explanation. that collides with my understanding of what rollups even are. is there an equivalent "mastering bitcoin" "mastering ethereum" type book for understanding L2, rollups, Validiums, etc? feels like crypto is about to go exponential in terms of its applications
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