Discussion on shared security featuring @zmanian, @musalbas and @jadler0 happening now!
Read the thread for tweets from the livestream š
twitter.com/i/spaces/1OdKrBbAXnAKX
"Blockchain security comes down to the question 'who can rug you?' How many actors need to collude to attack the system?" -@zmanian
@zmanian "A system with shared security has the property that in order to break one chain, you need to break them all." -@musalbas
@zmanian @musalbas "Until Celestia came along, the idea of a very scalable system of multiple chains with shared security was very hard." -@zmanian
@zmanian @musalbas "Celestia provides the core primitive that chains require to establish shared securityādata availability." -@musalbas
@zmanian @musalbas "Cosmosā interchain staking and Polkadotās parachain slots models only scale to the order of 100s of chains.
In Celestia we see a world of millions of blockchains." -@musalbas
@zmanian @musalbas "The most important part of these systems is who can propose a block, and who can verify the state.
These core properties of a blockchain ā censorship resistance and auditability ā are what data availability provides." -@zmanian
@zmanian @musalbas "The real limitation on how many transactions a blockchain can process is I/O. Decoupling data availability from the I/O process is the only way that weāll be able to produce petabytes of secure block space." -@zmanian
@zmanian @musalbas "The theoretical limit of safety of shared security is better, but the actual applied practical security at this moment is still in favor of Tendermint chains + IBC." -@zmanian
@zmanian @musalbas "Creating a DAO on ethereum is like incorporating under the law of a certain country.
The future model for blockchains I see is where each app has its own chain. In that model I see hard forks as a feature for social coordination." -@musalbas
āScalability of a chain is measured by the throughput divided by the cost for an end user to verify it.ā -@musalbas
āThe invention of personal computers allowed individuals to be sovereign. The invention of blockchains allow communities to be sovereign.ā -@musalbas quoting @buchmanster
āThe combination of rollups, data availability and modular blockchains is one of the most exciting things happening in the space right now.ā -@zmanian