Bell Curve

Crypto's Multichain Masterplan | S7 E8

31 snips
Apr 24, 2024
Exploring the multichain endgame of crypto, including ZK tech for interoperability and standardization. Discussions on L1 assets as commodities, achieving sub-second finality, and reinventing global financial infrastructure. Season 7 wrap-up with insights on industry standards, the power of ZK proofs, and the democratic potential of crypto.
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INSIGHT

L1s as Commodities, Apps Hold Power

  • The blockchain ecosystem resembles a commodity boom where L1 chains become commoditized assets.
  • Value and leverage will shift to the application layer controlling user interaction, with only a few L1s dominating.
INSIGHT

L1 Network Effects and Asset Export

  • L1 assets have network effects and liquidity driving value more than technology alone.
  • L1s' strategic imperative is to export their assets widely, creating strong currency network effects to maintain dominance.
INSIGHT

ZK Proofs as Interop Glue

  • ZK proofs are the interoperability glue by succinctly proving complex computations across blockchains.
  • They enable cheaper, trustless bridging and cross-chain verification, markedly improving user experience and security.
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