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louisanderson01

8 karma · joined August 12, 2020

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louisanderson01··on Stripe Launches L1 Blockchain: Tempo
Over the past few cycles much of the innovation in the crypto industry has standardized on a instruction set architecture that being the EVM. This won't make sense if you think blockchains are databases because the forefront of the field uses them as full distributed computers (state machines). But with every ne L1(bitcoin, eth, ripple, think base blockchain), there were different instruction set it was essentially the old desktop environment where apps were siloed to platforms(Windows, Linux, Apple). The EVM has become the cross chain dominant instruction set so people who build apps on one chain can insta port the code to other evm compatible chains.

Reth is a rust implementation of the EVM used for running nodes, made by a very prominent research and venture group.

louisanderson01··on Stripe Launches L1 Blockchain: Tempo
tech debt, plus the EVM ecosystem has morphed into something beautiful, and robust in the meantime. I.e. it doesn't make sense to use something that's so far behind industry standard
louisanderson01··on Stripe Launches L1 Blockchain: Tempo
Monero got 51% attacked
louisanderson01··on Stripe Launches L1 Blockchain: Tempo
Stripe kinda does have use for this it turn their platform into a much more powerful tool where you can do extremely sophisticated economy based financial automation on your funds held with stripe. Essentially you get some crazy good developer experience which is not possible on tradfi rails.
louisanderson01··on Stripe Launches L1 Blockchain: Tempo
udev is probably referencing smart contracts(which turn blockchains from shared dbs to shared state-machines), and zk(which allows for cryptographic guarantees of arbitrary computation, and facts about said computation without revealing details of computation). Those are two major innovations on the tech side, there's also rollups, blobs, and a whole host of other interesting developments in the EVM(ethereum virtual machine) ecosystem.