ADOPT ETHEREUM

“Chains that are part of the EEZ settle simply every block. So every twelve seconds. So every twelve seconds, they make a I mean, they can make smaller blocks that can be faster in between, but every twelve seconds, they synchronize or settle with Ethereum. And so with every Ethereum block, they, yeah, settle with Ethereum. And those settlements allow for, yeah, for transactions, between Ethereum and those chains.”

“And that's in the summer. So it's it's not it's not kind of a multiyear project kind of we're well underway, and it's it's coming it's coming very soon.”

“The the good thing is that all major block builders, that's currently Titan, BeaverBuild, and Flashbots, already opted into this. We we we have the people. So kind of they see they very much see the upside of this for Ethereum and also for themselves. So kind of they they are on board and they will support this from day one. So it's it's not this kind of Martin. It sound a little bit like an uphill battle, but kind of like it's it's kind of the we are already kind of pretty pretty high up on the on the peak.”

“It can be retrofitted onto existing tools if you are willing kind of like the the main concession that kind of you have to make as an l two is that you kind of have to acknowledge superior that you have to acknowledge Ethereum as your superior. So kind of if Ethereum reorks, you have to be willing to potentially re og too. If you're willing to do that, you can become part of the Ethereum economic zone regardless of what kind of roll up you are.”

“It was sidelined so we could solve scalability. So kind of like before we actually had any l twos and charts and what whatsoever, Ethereum composed marvelously. Right? Kind of like when there was just one Ethereum, we didn't have these problems. And we but we kind of we ended up in a place where transactions averaged $50 a piece. And, obviously, this is extremely unfeasible for majority of use cases. So we ramped up scaling via l twos, and that broke the composability between those individual domains. And until recently, it also seemed unfeasible to do it from a technological angle, but this has very much changed with recent advances in real time proving.”

“I think to some extent, it will probably be the somewhat smaller ones that start first because they have more to gain. Because to some extent, the basis and or base and and yeah. I think it's really just maybe maybe base Arbitrum and Polygon that really have their own ecosystem that's still smaller than Ethereum, but but they have basically, they have DEXs, they have lending protocols, they have Oracles, they have essentially the full stack. All all other chains, smaller chains are trying to do this as well, but but are somewhat struggling. So they usually have their niche and then they have other things where they basically can't at all compete with with Ethereum.”

“Kind of we're we're aiming for kind of for for this coordination layer, we're aiming for less than a thousand lines of code. At least the kind of like this is what what what Jody kind of is has in his mind. But kind of it's it will be it's free open source software kind of. It's published by a new association in Switzerland. It's all it's, yeah, it's all free. It's in the public domain. It doesn't belong to anyone.”

“And and to be fair, kind of like it it fully does. So kind of like even if you kind of if you wanna do something on one chain, you wanna kind of deposit something in Aave, borrow against it, use that liquidity on a on a third chain, that still works even if Aave does nothing. So kind of the the but kind of but what kind of what brings it to the next level is if Aave understands that kind of it has all of this at its fingertips and kind of that can make it even better. But even if dApps do not adapt to this at all, which which, I mean, they will, but kind of even if they wouldn't, it would still make the the the state of affairs immeasurably better than it is today.”