❓ What do you think about rollups and other scaling solutions? Comment down below 👍 Hit the like button if you enjoyed this video 💛 Support Finematics on Patreon and join our Discord community ► www.patreon.com/finematics 🐦 Follow Finematics on Twitter ► twitter.com/finematics 📘 Check out our FREE Guide to DeFi ► finematics.com/guide-to-decentralized-finance/
Radix DLT with their Cerberus consensus algorithm is the only legitimate scaling solution for DeFi that I've seen. I think it will become clear by the end of this year that Ethereum, Solidity, Layer 2 solutions, just aren't capable enough.
You should do a video on blockchain consensus mechanisms and could go into deeper detail of mining, PoS, and other “newer” ways like proof of space and time
Amazing video... Based Rollups are indeed a game-changer, offering a seamless way to leverage Ethereum's robust sequencer for transaction ordering. It's interesting to compare this with "Taiko's" work on BBR and BCR, which also aim to enhance Ethereum's scalability and efficiency. The collaboration between these technologies could significantly strengthen the Ethereum network, making it more cohesive and powerful.
Thank you for the video! Please, explain to me why the party that submitted fraudulent transaction to level 1 is punished if it do not verify the correctness of the transaction?
As for optimistic rollup, If the challenge can't get any benefit for a long time, then the challenger will no longer protect the system, then the system will be very vulnerable
true, but it literally only takes 1 actor to check. So, theoretically institutions or individuals making significant transactions on on the network will have the incentive to check the rollup that there transaction is in for the security of their funds but at the same time verifying all the other transactions in that roll up as well. I mean imagine you converted ETH to 1,000,000 USDC. Wouldn't you at least run a verification of the block that transaction was in to make sure you weren't scammed?
Sometimes Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Appreciate the detailed breakdown! 🧐 I wanted to ask something unrelated: 🤔 I found these words 😅. (behave today finger ski upon boy assault summer exhaust beauty stereo over). Not sure how to use them, would appreciate help. 🙏
Thanks for the analysis! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?
Finematics - can you comment on the security of the Arbitrum and Optimism bridges? Are they secured by Keys held by someone? Multisig? Thanks again, you are the best I know of explaining Crypto. Excellent video as always
Can you explain rollup for me a bit more plz? I’m kinda confused. If you make 1000 txns on the roll-up chain and settle that 1000 txns on the ETH chain, how are you avoiding paying gas fees for the 1000 txns being settle eventually on the ETH chain? If there will actually be only 1 txn being made on the ETH chain for that 1000 txns made on the rollup chain, how does security exactly work for each transaction on the ETH chain? How are the 1000 txns exactly confirmed and secured at the transaction level per ETH addresses? Are there 1000 ETH addresses involved?..
Great analysis, thank you! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How should I go about transferring them to Binance?
Also why won't the validator collude with the entity producing the transaction if the oint of transaction is greater than the bond they have to put up to validate a transaction
Sharding is no longer on the Ethereum 2.0 roadmap because of how good zkRollups and zkEVMs are now. Great video nevertheless, considering this was posted more than a year ago when it was on their roadmap.
Appreciate it for sharing! Hoping for some guidance: My TRX Wallet contains some USDT trx, and I have the recovery phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. What’s the best way to proceed with sending them to my Binance account?
Further is a situation where you have thousands of transactions a day, who is going to pick out the ones that are fraudulent, plenty will slip through the cracks
The ultimately fatal flaw with optimistic rollups is the fraudulent transaction only has to outweigh the bond penalty. This approach can therefore never be used reliably in high value systems. I love the idea but I am forced to stay with zk rollups because of this fatal flaw.
great video. Can you do a video about ZK-snarks? How can it only submit a proof and ethereum knows that it is not fraudulent? Of course that is why it is called zero knowledge, but it seems strange that it can work.
The liquidity issue will probably not be a big deal with arbitrageurs correcting inefficient prices. Only if somebody wants to do a large transaction all at once, rather than in small chunks over time. But small chunks would be much more feasible with the lower gas fees in rollups etc.
❓ What do you think about rollups and other scaling solutions? Comment down below
👍 Hit the like button if you enjoyed this video
💛 Support Finematics on Patreon and join our Discord community ► www.patreon.com/finematics
🐦 Follow Finematics on Twitter ► twitter.com/finematics
📘 Check out our FREE Guide to DeFi ► finematics.com/guide-to-decentralized-finance/
Radix DLT with their Cerberus consensus algorithm is the only legitimate scaling solution for DeFi that I've seen. I think it will become clear by the end of this year that Ethereum, Solidity, Layer 2 solutions, just aren't capable enough.
finematic withdrawal : P
One of the only channels I don't try 1.5x or 2x on. Great dense content, no fluff.
thanks! :)
U took the words out of my mouth lolol
You made me realize it's the only channel I don't watch at 1.5x speed too. He is not even speaking that fast, it's the perfect pace.
I do sometimes, but on my third or 4th watch ;)
Haha agree. It's hard to really understand anything otherwise. The information is so condensed that you can't miss a single second.
I am half way through and this is the best video on rollups I have come across. Thanks a lot!
Forever one of the greatest channels ever. I’ll always recommend.
thank you!
That was hell of an explanation! Great work. Really appreciate it.
You should do a video on blockchain consensus mechanisms and could go into deeper detail of mining, PoS, and other “newer” ways like proof of space and time
Great suggestion!
@@Finematics agree. Also PoS versions like LPoS, DPoS, ORV... and their impact on energy usage, speed and centralization
think so too...if w this video here u intend to address beginners, a short intro to basics at 1st might be advantageous for comprehension.
Best channel. Literally. You’re so good, gifted with the ability to teach (and artwork!)
Going to be an interesting fall & winter with all this rolling out.
For sure! :)
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you are really good at explaining things, very dense but still very clear
Love it, perfect timing as always!
thanks! :)
Zk rollup my favorite
This video motivated me to invest in my first cryptocurrency!
You should have WAAAYY more subscribers. You're educational content is top notch 👌🏽
best defi channel. good job guys!
thanks!
Informative and Good visuals. A little fast for me at this point of my journey, so had to keep rewinding, but I took notes. Thanks big dawg.
You are doing an incredible work with your videos, thanks 🙏
thanks! :)
thsi guy is a genius
Amazing explanation. I couldn’t find a video like this anywhere. Well done. ETH eco just needs some incentives for users to try these layer 2s now.
Ok so how do i make money off this, like, can i buy shares in 'offchain Lab' (arbitrum)? how do i materialise this knowledge
@@tmac917 do some research and invest in the ecosystems.
@@drewdurant3835 asking questions is research. But no1 seems to have the answers.
Top quality and super informative as always. Keep up the good work.
Your content is always god tier!
thanks!
I have no words for how good this video is.
Another 💣
Congrats and thanks for all these 💎
Amazing video...
Based Rollups are indeed a game-changer, offering a seamless way to leverage Ethereum's robust sequencer for transaction ordering.
It's interesting to compare this with "Taiko's" work on BBR and BCR, which also aim to enhance Ethereum's scalability and efficiency.
The collaboration between these technologies could significantly strengthen the Ethereum network, making it more cohesive and powerful.
Best Crypto channel on TH-cam! So sick of Moonboys.
A very good explanation and well worth the read. Thank you!
Super useful, thanks 🙏
Thank you for the video! Please, explain to me why the party that submitted fraudulent transaction to level 1 is punished if it do not verify the correctness of the transaction?
Thank you so much! Can't wait to watch this a few times haha
That's the way to do it :)
Thanks for watching!
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Excellent video
Thank you! Your explanation is easily clear and understanding. Of course, I will read and investigate more to understand deeply.
Great channel dude! thank you so much
great content so well explained
Amazing video. Would be interesting to see how this tech has evolved in the one year since it was published.
ZK Rollups are incredible!! Thanks for the video, makes it so much easier to explain to family and friends
just found an article yesterday about "proof of humanity", would like to know more about different/Newer consensus protocols. Always great content!
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Very good and understandable presentation
Amazing work, thank you.
Great video as always!
Thanks again!
Insane video! Thx my man!
Good review,Awesome💗for crypto/guidance/investment🌎
✙𝟏𝟑𝟏𝟓𝟓𝟏𝟒𝟎𝟒𝟔𝟕✉️✉️✉️▪️
Amazing channel! Thank you for the valuable content.
thanks for watching! :)
amazing content
great video mate. thank you
you are the best! thank you for the video
thank you! :)
the animation of the hand to me is just distracting... but good video of explaining this concept. thank you!
thanks for the great content!
epic video. very interesting that sidechains will be cheaper than rollups because rollups need a lot of space on L1
awesome video! very clear for noobs to understand
great to hear! :)
Thank you for making these videos
you're welcome! :)
Shoutout to the ETH holders
Fantastic stuff! But you forgot to mention Mute working on ZK-rollups.
Thanks~~~~< for watching_and don't forget••• to hit the like>watsap
➕ ① = ④ = ⓪ = ⑤ = ④ = ⑥ = ① = ⓪ = ⑦ =② =④..📲....
I’m very optimistic about Arbitrum
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This video was a lot quicker (and easier!) to understand compared to Vitalik's long explanation on Lex Friedman's podcast a while back
He explained the core of how it works way better
As for optimistic rollup, If the challenge can't get any benefit for a long time, then the challenger will no longer protect the system, then the system will be very vulnerable
true, but it literally only takes 1 actor to check. So, theoretically institutions or individuals making significant transactions on on the network will have the incentive to check the rollup that there transaction is in for the security of their funds but at the same time verifying all the other transactions in that roll up as well. I mean imagine you converted ETH to 1,000,000 USDC. Wouldn't you at least run a verification of the block that transaction was in to make sure you weren't scammed?
Your videos are amazing 👏
thanks!
Love your videos
These videos are awesome.
Good review,Awesome💗for crypto/guidance/investment🌎
✙𝟏𝟑𝟏𝟓𝟓𝟏𝟒𝟎𝟒𝟔𝟕✉️✉️✉️▪️
😩Why you don’t make videos more often. 😭
You are one of the best crypto channel in the world.
thanks! full time job is taking most of my time, but I'll try to create more content from September :)
Sometimes Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Thank u for this explanation
Appreciate the detailed breakdown! 🧐 I wanted to ask something unrelated: 🤔 I found these words 😅. (behave today finger ski upon boy assault summer exhaust beauty stereo over). Not sure how to use them, would appreciate help. 🙏
amazing bro
Thanks! 🔥
Thanks for watching. Send a direct msg for further questions,guidance to invest in@+📲✉️
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Awesome 👏👏👏
thanks!
why no mention of polygon?
Wow wow amazing.
Thanks a lot!!!
Good stuff!
But really excellent video!!
Love your videos! Thank you!
Amazing! Thanks for watching :)
Thanks for watching. Send a direct msg for further questions,guidance to invest in@+📲✉️
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Could you make a video on Polygon Hernez zk rollups?
Thanks
Good review,Awesome💗for crypto/guidance/investment🌎
✙𝟏𝟑𝟏𝟓𝟓𝟏𝟒𝟎𝟒𝟔𝟕✉️✉️✉️▪️
Polygon has absorbed Hermez Network and will be offering ZK Rollups as another part of their Ethereum scaling suite.
I don't know which one will win but exited to see Eth to be scalling more than 100000 trx persecond hope many new dapp and other use case pop up...
Thanks for video! Sequencer arbitrum, how it works?
Thanks for the analysis! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?
Finematics - can you comment on the security of the Arbitrum and Optimism bridges? Are they secured by Keys held by someone? Multisig? Thanks again, you are the best I know of explaining Crypto. Excellent video as always
I think they'll be initially secured by multisigs with a plan to fully decentralize later, but let's wait when they fully launch to see that.
SKALE network for the winner of this cycle thumbs up
Thanks for watching. Send a direct msg for further questions,guidance to invest in@+📲✉️
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Awesome! How does Polygon (MATIC) fit into this?
Can you explain rollup for me a bit more plz? I’m kinda confused. If you make 1000 txns on the roll-up chain and settle that 1000 txns on the ETH chain, how are you avoiding paying gas fees for the 1000 txns being settle eventually on the ETH chain?
If there will actually be only 1 txn being made on the ETH chain for that 1000 txns made on the rollup chain, how does security exactly work for each transaction on the ETH chain? How are the 1000 txns exactly confirmed and secured at the transaction level per ETH addresses? Are there 1000 ETH addresses involved?..
Hello. Could you please make a video about tokenized stocks?
7:50 Hop Protocol, and Connext
HBT is the future of rollup tech for the DAO world
Great analysis, thank you! A bit off-topic, but I wanted to ask: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How should I go about transferring them to Binance?
Thanks man
Good review,Awesome💗for crypto/guidance/investment🌎
✙𝟏𝟑𝟏𝟓𝟓𝟏𝟒𝟎𝟒𝟔𝟕✉️✉️✉️▪️
This is hardcore stuff... lol. Excellent info and presentation btw.
Also why won't the validator collude with the entity producing the transaction if the oint of transaction is greater than the bond they have to put up to validate a transaction
Sharding is no longer on the Ethereum 2.0 roadmap because of how good zkRollups and zkEVMs are now. Great video nevertheless, considering this was posted more than a year ago when it was on their roadmap.
Appreciate it for sharing! Hoping for some guidance: My TRX Wallet contains some USDT trx, and I have the recovery phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. What’s the best way to proceed with sending them to my Binance account?
Further is a situation where you have thousands of transactions a day, who is going to pick out the ones that are fraudulent, plenty will slip through the cracks
thanks
Can you do an updated version of this video??
Yes, a video about the current state of L2s is in the pipeline!
great
The ultimately fatal flaw with optimistic rollups is the fraudulent transaction only has to outweigh the bond penalty. This approach can therefore never be used reliably in high value systems. I love the idea but I am forced to stay with zk rollups because of this fatal flaw.
hi albert would you happen to have a link to a source that explains this in more detail?
@@alessandro4512 there’s no source. This is just my own conjecturing
Ok so how do i make money off this, like, can i buy shares in 'offchain Lab' (arbitrum)? how do i materialise this knowledge
great video. Can you do a video about ZK-snarks? How can it only submit a proof and ethereum knows that it is not fraudulent? Of course that is why it is called zero knowledge, but it seems strange that it can work.
Thanks for watching. Send a direct msg for further questions,guidance to invest in@+📲✉️
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Method four: use another less congested chain. The same EVM code will run on other compatible chains.
that wouldn't be secured by the Ethereum consensus, but it's basically the same as sidechains
Please Make more video on PIT ( Pitbull) as its a community driven
Pitbull is a self-staking token abandoned by its creator, raised by the community
Interesting...
The liquidity issue will probably not be a big deal with arbitrageurs correcting inefficient prices. Only if somebody wants to do a large transaction all at once, rather than in small chunks over time. But small chunks would be much more feasible with the lower gas fees in rollups etc.
Thanks for watching. Send a direct msg for further questions,guidance to invest in@+📲✉️
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this video is more or less the same as the Ethereum layer 2 scaling explained but I still appreciate the knowledge.
Thanks for watching. Send a direct msg for further questions,guidance to invest in@+📲✉️
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Really nice!
thanks!
EXCELLENT! I'm curious are there people / companies acting as checkers for these transactions and if so, how are they compensated?
Great work i came here through **Crypto Sangat**
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