Takeaways
Blockchain technology provides a way to guarantee truthfulness and maintain business processes.
Privacy is a challenge in blockchain, but solutions like zero-knowledge proofs and random permutation matrices can address it.
Scalability is a key challenge in blockchain adoption, and layer 2 solutions are being explored to improve it.
Early ideas and projects in crypto laid the foundation for the current developments in the industry.
The
and protect against front-running. Equilibrium uses a dependency graph
to execute transactions in a deterministic way.
The network verifies graphs and avoids infinite loops to ensure a finite and deterministic sequence of events.
Equilibrium
require non-deterministic inputs as part of the execution.
The network is resistant to censorship and provides a secure substrate for decentralized applications.
The integration of gaming with blockchain is an emerging use case that shows promise.
Chapters
00:00 Introduction and Background
01:21 Explaining Blockchain to an Executive
04:14 Benefits of Distributed Ledger Technology
05:37 Privacy in Blockchain
07:17 Early Interest in Blockchain
10:24 Getting Interested in Software Engineering
13:21 The Game-like Nature of Crypto
16:51 Balancing Compliance and Privacy
19:05 Layer 2 Solutions and Scalability
21:51 Trade-offs in Layer 2 Solutions
24:09 Scalability and Adoption
25:23 Early Ideas and Projects in Crypto
27:14 The Challenge of Privacy in Crypto
28:20 Building Equilibrium and Solving Privacy Challenges
32:08 Running Workloads and Challenges
35:13 Solving the Oracle Problem
37:46 Using Prediction Markets for Consensus
40:42 Addressing Front-running and Analytical Privacy
45:00 Random Permutation Matrix and Execution Order
46:26 Understanding Equilibrium's Dependency Graph
47:39 Determinism in Equilibrium's Execution
49:08 Verifying Graphs and Avoiding Infinite Loops
50:27 Scheduled Events and Non-Determinism
51:46 Non-Determinism as an Input
52:14 Enabling and Disabling Applications on Equilibrium
53:16 Applications Enabled by Equilibrium
54:12 The Challenge of Time in Deterministic Execution
55:34 Reconciling Time on the Equilibrium Network
56:31 Use Cases and Applications of Equilibrium
57:43 Legal Framework and Content Hosting on Equilibrium
58:44 Decentralization and Censorship Resistance
01:00:09 The Responsibility of Network Operators
01:02:17 State Rent and Preventing Abuse on Equilibrium
01:04:02 Legal Challenges and Interoperability
01:05:19 The Philosophy of Decentralization
01:07:32 The Difficulty of Censoring a Decentralized Network
01:09:09 The Governance and Development of Equilibrium
01:15:54 The Core Problem and Product Market Fit of Blockchain
01:20:25 The Integration of Gaming with Blockchain
01:23:15 Favorite Resources for Learning About Cryptography
01:28:48 Closing Thoughts on the Future of Blockchain