Guadalupe Bambas
3.4K posts
Guadalupe Bambas
@GuadalupeBamba2
Friendly problem solver. Wannabe music fanatic. Gamer. Subtly charming tv evangelist. Twitter expert. Creator.
🚀DataIPO is Now Live on BNB Chain! Unlocking Omnichain Interoperability for Real World Assets. Welcome to the onchain future. #DataIPO #RWA #SimpleChain #BNBChain
Crypto will break down barriers around fundraising and capital formation next. Reducing friction around fundraising will increase the number of startups in the world, accelerating progress. Every entrepreneur knows how time consuming (and expensive) fundraising can be.
Why BlackRock CEO Larry Fink calls Ethereum “the toll road to tokenization” “In Davos, my old boss Larry Fink had a great slide when he was talking about the future of finance that said, ‘Ethereum is the toll road to tokenization.’” BlackRock’s former Head of Crypto Joseph Chalom explains: “There’s a recognition from the largest, most sophisticated institutions in the world that Ethereum is going to be the global financial ledger because it has the trust, liquidity and security.” Asked if there’s a role for more centralized L1 blockchains, Joseph replies: “I do think there will be roles for other L1s — I think they’ll be specialized. Solana does an amazing job on meme coins, altcoins, and gaming, and there may be use cases. But if you look where the largest financial institutions in the world are building their money market funds, trading applications — Robinhood, Coinbase — it’s on Ethereum. I’m not here to FUD others. I think the Solana Foundation did a great job over the past several years when there was a bit of a gap in the Ethereum narrative and leadership to steal some of that marketing thunder. But marketing thunder is not real world use cases.”
Vitalik Buterin: Build 'sanctuary technologies' — don't try to imitate Apple or Google. In response to concerns about global surveillance, wars, corporate power, tech enshittification, and Ethereum's limited role beyond finance, Buterin acknowledged that Ethereum "cannot fix the world" and is the "wrong-shaped tool" for that. Instead, he proposed reframing Ethereum as part of an ecosystem building "sanctuary technologies": free open-source tools that create resilient, ownerless digital spaces where people can live, work, communicate, manage risk, build wealth, and collaborate — protected from external pressures. The goal is de-totalization and "digital islands of stability," not remaking the world in Ethereum's image. He explicitly said: "Do not try to be Apple or Google, seeing crypto as a tech sector that enables efficiency or shininess."
Finally, the block building pipeline. In Glamsterdam, Ethereum is getting ePBS, which lets proposers outsource to a free permissionless market of block builders. This ensures that block builder centralization does not creep into staking centralization, but it leaves the question: what do we do about block builder centralization? And what are the _other_ problems in the block building pipeline that need to be addressed, and how? This has both in-protocol and extra-protocol components. ## FOCIL FOCIL is the first step into in-protocol multi-participant block building. FOCIL lets 16 randomly-selected attesters each choose a few transactions, which *must* be included somewhere in the block (the block gets rejected otherwise). This means that even if 100% of block building is taken over by one hostile actor, they cannot prevent transactions from being included, because the FOCILers will push them in. ## "Big FOCIL" This is more speculative, but has been discussed as a possible next step. The idea is to make the FOCILs bigger, so they can include all of the transactions in the block. We avoid duplication by having the i'th FOCIL'er by default only include (i) txs whose sender address's first hex char is i, and (ii) txs that were around but not included in the previous slot. So at the cost of one slot delay, only censored txs risk duplication. Taking this to its logical conclusion, the builder's role could become reduced to ONLY including "MEV-relevant" transactions (eg. DEX arbitrage), and computing the state transition. ## Encrypted mempools Encrypted mempools are one solution being explored to solve "toxic MEV": attacks such as sandwiching and frontrunning, which are exploitative against users. If a transaction is encrypted until it's included, no one gets the opportunity to "wrap" it in a hostile way. The technical challenge is: how to guarantee validity in a mempool-friendly and inclusion-friendly way that is efficient, and what technique to use to guarantee that the transaction will actually get decrypted once the block is made (and not before). ## The transaction ingress layer One thing often ignored in discussions of MEV, privacy, and other issues is the network layer: what happens in between a user sending out a transaction, and that transaction making it into a block? There are many risks if a hostile actor sees a tx "in the clear" inflight: * If it's a defi trade or otherwise MEV-relevant, they can sandwich it * In many applications, they can prepend some other action which invalidates it, not stealing money, but "griefing" you, causing you to waste time and gas fees * If you are sending a sensitive tx through a privacy protocol, even if it's all private onchain, if you send it through an RPC, the RPC can see what you did, if you send it through the public mempool, any analytics agency that runs many nodes will see what you did There has recently been increasing work on network-layer anonymization for transactions: exploring using Tor for routing transactions, ideas around building a custom ethereum-focused mixnet, non-mixnet designs that are more latency-minimized (but bandwidth-heavier, which is ok for transactions as they are tiny) like Flashnet, etc. This is an open design space, I expect the kohaku initiative @ncsgy will be interested in integrating pluggable support for such protocols, like it is for onchain privacy protocols. There is also room for doing (benign, pro-user) things to transactions before including them onchain; this is very relevant for defi. Basically, we want ideal order-matching, as a passive feature of the network layer without dependence on servers. Of course enabling good uses of this without enabling sandwiching involves cryptography or other security, some important challenges there. ## Long-term distributed block building There is a dream, that we can make Ethereum truly like BitTorrent: able to process far more transactions than any single server needs to ever coalesce locally. The challenge with this vision is that Ethereum has (and indeed a core value proposition is) synchronous shared state, so any tx could in principle depend on any other tx. This centralizes block building. "Big FOCIL" handles this partially, and it could be done extra-protocol too, but you still need one central actor to put everything in order and execute it. We could come up with designs that address this. One idea is to do the same thing that we want to do for state: acknowledge that >95% of Ethereum's activity doesn't really _need_ full globalness, though the 5% that does is often high-value, and create new categories of txs that are less global, and so friendly to fully distributed building, and make them much cheaper, while leaving the current tx types in place but (relatively) more expensive. This is also an open and exciting long-term future design space. firefly.social/post/lens/8144…
🚨BIG: Ethereum L2s dominate AI agent activity
JUST IN: Historically, Bitcoin has always bottomed ~23 months after its previous all time high. We are now at 23 months since the last ATH 👀 Bullish! 🚀
Latest: @VitalikButerin backs Ethereum's "Strawmap" roadmap outlining seven forks by 2029 for faster finality, higher throughput and quantum-resistant security. Roadmap targets 1 gigagas/sec via zkEVMs and 10M TPS on L2s with component-by-component quantum protection rollout.
JUST IN: Odds of Bitcoin and crypto market structure legislation being signed into law this year spike to 71%, according to Polymarket 🇺🇸 👀
Ironically, if a crypto rewards ban went into law, it would make us more profitable since we payout large amounts in rewards to our customers holding USDC. But we don’t want this to happen, it’s better for customers to get rewards, and it’s better for the US to keep regulated stablecoins competitive on a global stage.
Roughly 20% of people change jobs yearly. It's normal. Organziation should have turnover. People move to better jobs. More growth/promotion opportunites for remaining team too. (Not picking on Tom or EF, just making a point that people don't need to spin job changes related to Binance out of proportion. 🤷♂️) Congrats to everyone who are growing.
The Ethereum ecosystem is moving the Open Agentic Economy forward.
🔺 defi NFTs tokens gaming stablecoins ~~~~~~~~~~~~~ tokenized funds infrastructure private credit governments payments neobanks insurance ticketing loyalty events music cars AI
Ethereum is for privacy.