Three Crypto Pioneers on Crypto’s Monolithic vs. Modular Debate - Ep. 589

Chris Burniske and two proponents of each approach discuss their different characteristics and relative benefits, and what will drive the next crypto bull cycle.
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In this episode of Unchained, Anatoly Yakovenko, co-founder of Solana Labs, Nick White, COO at Celestia, and Chris Burniske, partner at VC firm Placeholder discuss the differences between modular and monolithic, or integrated, blockchains, with Solana epitomizing the monolithic approach and Celestia the modular one. They all agree that both approaches have their merits and will likely coexist, but argue each lends itself to specific use cases and developer preferences.They also discuss what will drive the next crypto bull cycle, and each gives their best predictions for a specific development in the crypto industry in the next few years.
Show highlights:
🔹 Chris’s explanation of the modular vs. monolithic approach in blockchains
🔹 What drove Anatoly to prioritize speed in Solana's architecture and its impact on the network
🔹 What Celestia is and how it represents the first modular blockchain network
🔹 Whether developers and users will gravitate more towards modular or monolithic blockchains
🔹 How Solana, as one of the fastest blockchains, is gearing up to handle massive usage and scalability
🔹 Why Chris views Celestia as a frontrunner in the data availability sector
🔹 How Nick perceives the philosophical similarities and executional differences between Celestia and Solana
🔹 Whether there's potential for Solana to transition into a modular blockchain in the future
🔹 Why Chris believes that the Solana Virtual Machine (SVM) might surpass the Ethereum Virtual Machine (EVM) in user adoption
🔹 What challenges Bitcoin faces in developing actual Layer 2 solutions, especially considering its "doomers storage" issue
🔹 What could drive the next crypto bull market
🔹 Top predictions for 2024 and beyond
🔹 Anatoly’s perspective on how a significant hack could pose a serious setback for the entire industry
Thank you to our sponsors!
➡️ Arbitrum Foundation
➡️ Popcorn Network
➡️ iTrustCapital
Guests:
⭐️Anatoly Yakovenko, cofounder of Solana Labs
⭐️ Chris Burniske, partner at Placeholder
⭐️Nick White, COO at Celestia Labs
_______________________________________________________
Time Stamps:
00:00 Introduction to the episode
01:55 The modular vs. monolithic approach in blockchains
06:23 Solana’s design philosophy and approach
09:21 Introduction to Celestia and its role as a modular blockchain
13:29 Preferences of developers and users in blockchain technology
18:43 High throughput challenges and solutions in Celestia and Solana
24:55 The possibility of Solana evolving into a modular blockchain
33:13 Prospects of decentralized applications migrating to Solana
43:58 Potential catalysts for the upcoming bull market in crypto
1:01:53 Security concerns within the crypto industry
1:09:22 Making predictions for 2024
_______________________________________________________
#bitcoin #ethereum #crypto #cryptocurrencies
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Пікірлер: 58

  • @user-jr6kp2vf8j
    @user-jr6kp2vf8j5 ай бұрын

    The potential introduction of a Bitcoin ETF marks a pivotal moment for the cryptocurrency market. It's poised to bring about significant volatility, with the market already seeming to have priced in the ETF. We might witness unexpected price movements, especially post-announcement, irrespective of whether the news is positive or negative. There's also a chance of a bullish scenario where an initial surge could be followed by a sharp pullback, eventually leading to further upward trends. This development could be a game-changer for Bitcoin's valuation and investor interest, Amidst this, the insights of a knowledgeable guide like that of Kristine Stones has been crucial. Her expertise in navigating the nuances of cryptocurrency investments has been the key for Me understanding and making the most of these emerging financial trends.

  • @user-kb2he8lw2d

    @user-kb2he8lw2d

    5 ай бұрын

    Thanks to her insightful and forward-thinking market research, she is a trusted resource for traders trying to stay ahead in the hectic world of finance....

  • @gujjarpur866

    @gujjarpur866

    5 ай бұрын

    I am grateful for the opportunity to learn from such a distinguished professional. Thank you Kristine Stones....

  • @TheRobiin12

    @TheRobiin12

    5 ай бұрын

    Please educate me, I've come across this before. How can I get to her please?

  • @user-vp5il9it5c

    @user-vp5il9it5c

    5 ай бұрын

    *@Kristinestones*

  • @user-vp5il9it5c

    @user-vp5il9it5c

    5 ай бұрын

    she's mostly on Telegrams ......

  • @davycrockett8886
    @davycrockett88865 ай бұрын

    The thing about monolithic is that it's difficult making them cheap, decentralised and have low inflation at the same time. This is a very very difficult task. There is no way in my opinion that monolithic L1s like Solana can keep cheap fees and become highly decentralised and reduce inflation. Whereas the thing with modular is you can have high decentralization and high fees on L1 without a problem, because the L2s can be cheap and they can use L1s security.

  • @lherfel

    @lherfel

    5 ай бұрын

    solana fees are subsidized. very easy to conflate the fee subsidy with the Solana tech as the cause of the low fees

  • @davycrockett8886

    @davycrockett8886

    5 ай бұрын

    @lherfel Yes. Its high inflation currently subsidizes its fees (is my understanding). When it decentralizes more, it will need more fees to pay the validators. No one validates for free, especially with Solana's hardware and bandwidth requirements.

  • @jeffyeah4256

    @jeffyeah4256

    5 ай бұрын

    And 70% of SOL coins are owned by insiders...Burniske is pushing his book..@@davycrockett8886

  • @gamingguru2135

    @gamingguru2135

    5 ай бұрын

    I think it can scale. I mean that’s what supercomputers are for

  • @davycrockett8886

    @davycrockett8886

    5 ай бұрын

    @gamingguru2135 Sure, it can scale, but in a decentralized way, with low inflation? It's got to pay for those super computers somehow. In the end, decentralization and security are costly.

  • @nancymccaffrey8238
    @nancymccaffrey82386 күн бұрын

    I think Chris did Great 👍

  • @ml9372
    @ml93725 ай бұрын

    Outstanding episode

  • @theusersol
    @theusersol5 ай бұрын

    Awesome episode

  • @0xVeeda
    @0xVeeda5 ай бұрын

    I like how Anatoly is consistent about his dream with solana

  • @Andyhgregorygolf
    @Andyhgregorygolf4 ай бұрын

    Very interesting chat.

  • @themandalore9
    @themandalore95 ай бұрын

    as much i disagree with either toly or nick, this episode is so great because us it shows us that the true enemy is the VC who drowns out legitimate technical debates with made up market theses. lol, but great episode Laura! Next time just bring on the the bottom two and have a whiteboard

  • @thomasmeta2711

    @thomasmeta2711

    5 ай бұрын

    Fr Chris talked way too much

  • @salient244
    @salient2445 ай бұрын

    SaaS is great if you're building it, but if you run a company the cost escalates fast. That's the reason companies move to Microsoft or Atlassian products. In relation to modular, there will be rent at every level. The bundler / paymaster rent, wallet rent (AA), DA rent, L2 rent, L1 rent oh and protocol rent. You get the idea

  • @lherfel
    @lherfel5 ай бұрын

    cheers

  • @garrinking6489
    @garrinking64895 ай бұрын

    How do I find Nick on X?

  • @mikael5028
    @mikael50285 ай бұрын

    Celestia is exploding in popularity I think Modular is the future both can coexist though

  • @ATN_AI
    @ATN_AI5 ай бұрын

    Saying hardware scaling then solana throughout will go up is not real scalability, thats the same bottleneck of everything lmao

  • @CM-zu9vg
    @CM-zu9vg5 ай бұрын

    I cant wait until some random indie game on some random chain gains more users then ETH/SOL combined and this whole paradigm is fucked. Its time to go invest in app layer things...if an app with real users is on a chain that "doesn't make it", the other chains would be throwing token grants at it to redeploy on theirs.

  • @donTeo136
    @donTeo1365 ай бұрын

    I remember this Chris guy talking about something in the Bear Market..like he was 100% wrong about everything.

  • @heavensplayer

    @heavensplayer

    4 ай бұрын

    What

  • @13zebras
    @13zebras5 ай бұрын

    This could have been a great conversation if Nick had gotten to speak. He and Toly were the more interesting participants, but Chris dominated the conversation. Too bad.

  • @polkadotshillor
    @polkadotshillor5 ай бұрын

    Ethereum failed and couldn't scale so it pretended to be settlement layer

  • @zabik7221

    @zabik7221

    5 ай бұрын

    SOL is sh**t coin compared to ETH! ETH will always be the bluechip Alts🚀🚀🚀

  • @CryptoCB
    @CryptoCB5 ай бұрын

    find out why Bitcoin was created

  • @Zzodar578
    @Zzodar5785 ай бұрын

    Burniske is such a sleazy grifter.

  • @oliverp8006
    @oliverp80065 ай бұрын

    Sorry but Chris is talking way too much

  • @simrans3675

    @simrans3675

    5 ай бұрын

    You wanna talk bruh?

  • @alexleung842
    @alexleung8425 ай бұрын

    would be nice for all the devs to abandon both SVM and EVM and do Move instead. SVM's problem is nobody is building with interfaces. EVM's problem is it's not parallelizable.

  • @scozzisolana

    @scozzisolana

    5 ай бұрын

    If as you say no one is building with it, why should we assume your proposal that all should move to move holds value? Is not the market deciding?

  • @zabik7221
    @zabik72215 ай бұрын

    SOL is dead 💀will never go back to new all time high

  • @juanpuebloknowyumama3831
    @juanpuebloknowyumama38312 ай бұрын

    Why is not a video about Solana coin when u can buy for under 10$ unit and fews date later when up+ price+ if base in Blockchain is history+ who buy shit solana coin? Why....??? Solana dont have future is done for long time !!!

  • @gv2949
    @gv29494 ай бұрын

    good lord chris is unbearable to listen to

  • @salzahrah
    @salzahrah4 ай бұрын

    chris talks way too much ruined the whole show

  • @iulianserban10
    @iulianserban105 ай бұрын

    these are scammers not innovators

  • @ggunjaca

    @ggunjaca

    5 ай бұрын

    Exactly, every cycle same old story wrapped in a new shiny shitcoin to dump on naive investors

  • @scozzisolana

    @scozzisolana

    5 ай бұрын

    Yikes

  • @kobudinsan62

    @kobudinsan62

    5 ай бұрын

    in big time

  • @simrans3675

    @simrans3675

    5 ай бұрын

    You ok bro?

  • @user-hs8fs7op2l
    @user-hs8fs7op2l5 ай бұрын

    Research # ETHGATE 👀👀👀

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