Nick White (COO of Celestia) and Neel Somani (founder of Eclipse) join us to debate the tradeoffs of modular vs integrated blockchains. We cover the modular thesis, how Eclipse is bringing the SVM to Ethereum, the hidden costs of modularity, centralized sequencers and L2s, where value will accrue in a modular paradigm and more!

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Timestamps

(00:00) Introduction

(01:17) What are Modular Blockchains?

(05:02) Data Availability Explained

(08:43) Light Clients and End User Verification

(19:13) Eclipse: the SVM Rollup Provider

(20:18) Why do Rollups Need Settlement?

(25:54) Jito Mid Roll

(26:58) Permissionless Plug

(27:58) Should Celestia Enshrine a Settlement Layer?

(31:02) L2 Training Wheels

(35:21) Kyle Samani’s "The Hidden Costs of Modular Systems”

(42:30) Appchains vs Rollups

(46:11) How Eclipse is Bringing the SVM to Ethereum

(47:26) Are Centralized Sequencers Okay?

(52:56) Will Crypto Apps Have a Power Law Outcome?

(57:31) Network Effects and Value Accrual

(01:07:43) Where Will Enterprises Launch Applications?

(01:11:36) Rapid Fire

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Use code LIGHTSPEED30 to get 30% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023

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Resources

Jito

jito.network

Celestia

https://twitter.com/CelestiaOrg

https://celestia.org/

Eclipse

https://twitter.com/EclipseFND

https://www.eclipse.builders/

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Disclaimers:

Lightspeed was kickstarted by a grant from the Solana Foundation.

Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Garrett and our guests may hold positions in the companies, funds, or projects discussed.