For those of you who still have
@Delphi_Digital
's Hitchhiker's Guide to Ethereum open somewhere in your list of 100 tabs in your browser, this thread is for you! I try to distill it down from 1 hour to about 15 minutes. However, y'all should absolutely read it. 🧵👇
1/58
Has it really sunk in with folks that the Merge and Dencun were incredibly complex/packed upgrades and they were mostly uneventful? Like just incredible.
We get into lots of things here but mainly we talk what are all the components and actors in EigenLayer, what AVSs are and how they might structure their payment mechanism (including dual staking) and the some of noted risks of using such a new primitive. Enjoy y’all!
I think it's time. My mom asked me to buy some $ETH for her. I just bought more for myself. My mom is doing her part for Operation: Save
@sassal0x
. Are you?
@Delphi_Digital
Yes, it's going to be long! But first thing's first, you should have this open and a thank you to
@jon_charb
for putting this together!
2/58
YOOOO LFG!!!!
@eigenlayer
team is so cracked. Love the entire team, speaking with then, working with them. Congrats y'all! So many big things to come and I couldn't be more excited!
3iQ recently launched the world’s FIRST-EVER Ethereum staking ETF 🔥 The
@3iq_corp
Ether Staking ETF (TSX: ETHQ, ETHQ.U) is powered by Coinbase Cloud validators and
@CoinbaseInsto
custody 👏 Read about their industry-leading innovation in our post:
I'm headed back a bit earlier from
@EthereumDenver
but I gotta say, Wow! Just an amazing vibe throughout the week. I'm socially burned out but I still feel full. I love all of you. No amount of "bull posting" is enough describe what's coming.
🥲
Couldn't be more excited and happy for the
@CelestiaOrg
team! Such an amazing group of hyper-talented, galaxy brain folks. Loved working with them. I really can't wait to see the Celestia ecosystem grow and see all the creativity and innovation coming out of it!
@ViktorBunin
The "slippery slope" trope is one of the most intellectually lazy things. It's actually a form of very binary thinking; that if we don't have it this one way all the way over here, we end up all the way over there. No, we are capable of nuance.
Come say hi to me at Modular Day as well! 😄
Look at that lineup! 😮💨
Honored to be a part of it!
Let's get Modular, yo.
Thanks so much
@Hyperlane_xyz
for having me!
Thanks to everyone who attended the Columbia Cryptoeconomics Workshop last week and made it such a success! We'll be releasing videos of all the talks in the coming weeks
“Sounds like I should think of AVSs as the connective tissue that bonds together all there ever has been and will be, effectively the stardust all things come from and will return to. Yeah?” —
@Josh_Leavitt
@eigenlayer
@sreeramkannan
@zkBri
Is he correct?
... The Cathedral and the MEVzaar
10am-6pm GMT, Mar 12, London
Registration:
Livestream:
Agenda is live now on (Yes, that's the link!)
Pre-reading homework will be up tonight.
Prep
We told you we were working towards diversifying the execution clients on our Ethereum validators. Today, we're excited to provide an update!
This week we’ve begun rolling out support for
@NethermindEth
— with support for
@ErigonEth
close behind!
EigenLayer is a new primitive that is changing the way we think about staking and building on Ethereum.
Register for our fireside chat with
@sreeramkannan
from
@eigenlayer
on Jan 16 to learn more:
🔗
At the
@coinbase
office and Bon Jovi's Living on a Prayer was blasting on a random speaker a few hours ago near where I'm sitting. And now, it's playing again... Is this the bottom?
Happy Birthday to the GOAT,
@ViktorBunin
Everyone literally is and becomes better when interacting with you!
Thank you for all that you to help people and all that you've done for me.
This day is about you and celebrating you as we all should.
Congrats to
@Brandon_M_Kumar
and the
@layer3xyz
team! I love everything about what they're building. There are many things that are barriers of entry and exit velocity to crypto and I firmly believe education is one of them. Layer3 is doing such a good job at tackling it.
So many incredible milestones this year:
- Over 12 million Layer3 Quests completed
- 800,000 users successfully finished Quests
- Our product drove 25 million on-chain actions.
Extremely proud of the team. Excited to see where we'll be by December!
A heartfelt thank you to all who joined our livestream - our guests and audience ❤️ Your questions and insights led to great discussions!
Blobs are here 🐡and we're thrilled about Dencun’s success! Until next time 🫡
Shoutout to
@Smartprogrammer
for moderating!
@Gajpower
Yup, that’s why when folks kept saying we need consumer dapps, I said, yes, but we also still need infra. Cause guaranteed, current infra won’t hold up to massive load. We’ll get there but we’re not there yet.
me watching memecoin miners, shitcoin traders, inscriptions, & just accidental downtimes render all of the “best” blockchains completely unusable & unscalable
LSTs are taking over! Here's what you need to know.
Join us as we break down the enlightening panel discussion at EigenLayer on the rising popularity of LSTs. 🧵
Hey y'all! If you want to know a little bit about
@CelestiaOrg
, how it works, and what it does and solves, take a look at my piece! Celestia has such an exciting and vibrant ecosystem and I'm super excited for when it releases to mainnet!
1/ Today we're officially unveiling Credibly Neutral, a $5.5m builder-led early stage venture fund investing $50-250k in protocols, infrastructure, and crypto SaaS solutions. It is co-founded by
@LisaCuesta
and
@ViktorBunin
, and we're thrilled to tell you about it:
Happy
@arbitrum
Day!
@OffchainLabs
keeps on shipping! In this thread, I go over what they're building in Orbit, BOLD, and Stylus.
Which, by the way, congrats on releasing Stylus testnet today! Imo EVM+ is a game changer!
Happy
@arbitrum
Day! This time last year, the
@offchainlabs
Nitro upgrade went through and on August 31, 2021, Arbitrum One launched!
There’s no shortage of innovation coming from
@offchainlabs
team and today is no different. What has the team been building? 🧵
This is probably the single best guide to
@eigenlayer
, courtesy of
@0xb17z
. Guarantee you'll learn something new, even if you've been following EigenLayer closely!
Oh hello 👀
This is super exciting! EigenDA is going live on testnet later on this year! This is a must read to get in the weeds of it. It's also just super interesting.
Intro to EigenDA: Hyperscale DA for Rollups
This post represents our 1st public, long-form content about EigenDA - what it is, how it works, what benefits it offers to rollups. There's too much to summarize fully, so please read at the link below!
1/5
@Delphi_Digital
@jon_charb
Now, let's establish some background information.
@VitalikButerin
's Limit to Scalability Post: -
This is to provide context on what his standards are for a chain to be sufficiently trustless and censorship resistant.
3/58
The “Coinbase is slow” fud can be overblown. Any company of 3k is deliberate in roll outs.
But when it comes to meaningful changes that impact ETH Stakers we make moves.
Shout out to
@0xb17z
for getting us there.
Base is open and Onchain Summer is here 🟡
Become a part of Base history by minting “Base Day One” to join the story of bringing the world onchain
Our story.
It's a beautiful day for a Restaking Summit. Don't miss
@sreeramkannan
kicking things off at 10am at the InterContinental Istanbul!
Last-minute tickets:
Agenda (also below):
@Delphi_Digital
@jon_charb
@VitalikButerin
Also, his Endgame Post:
This is to establish an understanding on what he thinks is a plausible endgame for Ethereum in regards to his standards.
4/58
originally planned to be doxxed, but after typing the first 2 letters of my name, i pivoted to be anon
“colluding nodes” are adversaries in the threat model of consensus protocols!
@Delphi_Digital
@jon_charb
@VitalikButerin
Now, for the themes of this thread:
• "Sufficient Decentralization & Vitalik's Endgame" will go further into his ideas of what that theoretical chain looks like
• "Sharding: The Old Way and the Dank New Way" will go into danksharding and data availability sampling
7/58
I finally did it! I was able to get my biggest crypto skeptic friend to invest into $BTC and $ETH. They have been a skeptic for years, and I've been pushing for them to just get a little into the action. Explanation after explanation, I finally got them to research.
@ThogardPvP
@0xb17z
@davidesilverman
"son, back in my day every neighborhood had their own unqiue bodega. some better than others, some got too famous from tiktok, but in 2024 some guy made a shitpost and blackrock bought them all.. & thats why your sandwich comes with 1 free blackrock managed share of the btc etf"
Congrats to
@eliasimos
and the
@ratedw3b
team! They do amazing work making crypto infra data extremely digestible and easy to use. I literally used their data on a tight deadline project yesterday and it made my life so much easier.
We are thrilled to announce that Rated Labs, the company behind
@ratedw3b
, has raised a $12.888 million Series A round to accelerate our mission for greater transparency and rich context in Web3 infrastructure data.
Read more 👉
@Delphi_Digital
@jon_charb
@VitalikButerin
Well, that's it! If you made it this far, do yourself a favor and read
@jon_charb
's guide. And once again, if there's anything I missed or misunderstood, I'm all eyes and ears. Thank you for taking the time to read and hopefully it was helpful.
58/58
i hereby publicly commit to getting "7251" and/or "7547" tattooed on my body if the Prague/Electra fork contains both/either! ♾
🖊️7️⃣2️⃣5️⃣1️⃣
🖊️7️⃣5️⃣4️⃣7️⃣
watching Cancun/Deneb last week was inspiring; nothing compares to ethereum's core devs & community!
[Fin] But as I said, I'd love to chat but also reach out
@ViktorBunin
. He's in the middle of the action at
@BisonTrails
and he's an amazing dude in general but also an expert that can talk to you about this space, and how to get started.
[1] I've been in crypto for 5+ years. I've been fortunate enough to be early to the game. But let me explain something to all of you: It's still early in the game. If this is your first pullback, welcome. Don't panic. If you've been here a while, nice to be with you.
@Delphi_Digital
@jon_charb
@VitalikButerin
In his Endgame Blog Post, he outlines 4 points on what it would take to make a chain sufficiently trustless and censorship resistance:
1. Adding a second tier of staking that makes it easy for anyone to do distributed blockchain validation.
12/58
Oh, and thank you to
@ViktorBunin
who rec'd me and for just being the dopest dude. I appreciate and love you, my dude. Everyone needs a Viktor in their lives.
I'm seeing a lot of people who talk all about "personal accountability", "personal responsibility", and "ownership" suddenly not talking about that anymore and deflecting to other things. Just so you know, those things still apply especially when stuff goes south.
@0xrelativity
I used to teach at a coding bootcamp. It's never too late! I've had students in their 40s, 50s, and even 60s do a career switch and many have started careers at top tech companies! More than happy to talk about it if you'd like!
This was a topic of conversation at one of the livestreams and it’s just lmao. Most of us knew this would be on people’s minds. If people can, people will y’all. 💀
One thing I've learned is that not only do some folks not pay attention, but they also forget/miss context. Combine those 2, and you have a pretty toxic group of people who think they are right, but they aren't, and advocate cutting off their noses to spite their faces.
Agree. As with most newly, well productized, advertised, or monetized things around novel technologies, the hype will almost always exceed the immediate reality and will overshadow the work that still needs to be done.
It's also worth noting, a lot of people saying "AI will replace everything" seem to under-appreciate the insane complexities, and inherent nondeterminism, of a massive set of problems in the world. Even something as simple as The Game of Life can't be accurately modeled today.
👉 Last month, we committed to migrate part of Kiln’s validator to a non-majority Ethereum execution layer client.
🏁 Today, we are glad to share that more than half of Kiln’s 42,000 managed validators now run on
@NethermindEth
!
🌍 As the largest independent staking provider,
There's 2 days left to submit! 5 ETH for each of the top 5 submissions. Anon - Are you ready to Stand with Crypto? Show the world why crypto is important! I, for one, am partial to crypto education, sensible regulations, and everyday usage of crypto. But get creative!
One week remaining to submit a video to our Stand with Crypto
@nounsprophouse
round
Create a minute-long story about why you believe an onchain future is important
5 ETH for the top 5 proposals. Let's go 🛡️
❤️ Love you, too, fren. Honored to be on the team led by you. So, shout out to you as well for bringing me into the fold and being an amazing leader! Also, this was a super fun session. I hope folks enjoy it and learn a lot! Thanks Sandeep!
Sandeep is always mensch, so no surprise there, but I wanted to give a special shout out to
@0xb17z
, our Protocol Specialist leading CB Cloud's work in the Ethereum ecosystem.
We've been friends for 15 years and I'm so glad he's on our team 🥹
Learning How to Unlearn Part 1: We Should Make Unlearning Part of Our Process by
@b17z_
Learning gets the focus but unlearning should be a part of learning as well. Conventional wisdoms of the time tend to get outdated very quickly. /1
@Delphi_Digital
@jon_charb
@VitalikButerin
• "Rolling on Up" will go into erasure coding as a solution for data availability sampling as well as proto-danksharding
• "Data, Data, and More Data. Please, Enough Data" will go into the types of data in Ethereum and ways to deal with them
8/58
Unlearning this idea is not about forgetting it but just understanding and accepting that there might be an alternative paradigm or mental model. Check out some more of my thoughts on this in the post above!
@Delphi_Digital
@jon_charb
@VitalikButerin
2. Have fraud proofs or ZK-SNARKs to let users check block validity
3. Data availability sampling (DAS) to let users check block availability.
Now, let's do a sidebar on availability: We need to know data is complete and correct.
13/58
There are many things that we should have learned and internalized during this bull run but I can think of 2 that I feel like people have been rejecting or ignoring for a while:
1. The power of community
2. Value is also social
What do people in crypto want? Decentralization? Permissionless and programmable money and innovation?
Nah.
They want yield (no matter where it comes from or how sustainable it is) and potential airdrops!
Pack it up folks - we've achieved PMF.
If crypto existed as it does right now - even with all the work needing to be done - when I was a kid, I would have absolutely used it for financial transactions. My family was part of of that underserved group.
@uriklarman
@LefterisJP
I appreciate the thought! I actually have built a pretty hardcore computer and have fiber. I will say that even though you know me as someone who works on (and supports) Ethereum day to day, I'm not that outside Solana. I use it a lot. And
@ann_droo
hears me sing its praises.
On eating the whole meal in crypto.
I've had a lot of great, energizing conversations in Denver, and also a few bleak ones.
The energizing ones typically go like this:
"I met this amazing founder working on Bitcoin L2's, UX, DePin, AI, regen, restaking, modular stack, new
@CoinbaseDuck
@coinbase
Forgive my ignorance here but regarding (1) - are you talking about like direct deposit? Cause I get a portion of my paycheck to my Coinbase account.
A short thread on getting lucky with $ETH
I was into
#Ethereum
late 2015, early 2016. Some may say I was lucky. Sure, part of it was being at the right place at the right time. Part of it was that I worked for a bank and struggled with using banks throughout my life [1]
Operators are live on
@eigenlayer
! Congrats to EigenLabs on fueling innovation with Ethereum's first restaking protocol.
Coinbase Cloud is proud to be among the protocol's first Operators, ready to serve as a trusted partner for your restaked ETH or LSTs.