EigenLayer's Forkable Token System - Bringing Social Truth Onchain

EigenLayer's Forkable Token System - Bringing Social Truth Onchain

Eigenlayer is a protocol for decentralized trust, allowing anyone to build new crypto applications without worrying about the source of trust. It enables other protocols to inherit the security of Ethereum by staking ETH and running the Ethereum protocol correctly. Eigenlayer also introduces the concept of Actively Validated Services (AVS), which consume decentralized trust from the Eigenlayer ecosystem. AVSs are verifiable SaaS (Software as a Service) that provide specialized services on top of Eigenlayer. Economic security is crucial for the short-term trust in blockchain systems, while social consensus operates on a longer time scale. The conversation explores the concept of economic security and the role of institutions in managing risks. It discusses the importance of protocols having sharp measured security and the need for regularizing risks in the crypto space. The conversation also delves into the idea of open innovation and the goal of empowering better services. The second part of the conversation focuses on the interplay between objective, subjective, and intersubjective faults in blockchain systems. It explains the need to bring social truth on-chain and the mechanism of forking to determine the true version of a token. The conversation concludes by highlighting the benefits of pooling security and the importance of isolation between financial applications and forking applications. EigenLayer's core premise is to provide decentralized trust to as many different applications as possible. The Eigen token is consumed by AVSs for intersubjective false and intersubjective staking. In the event of a fault, all AVSs must decide which token to follow within a lag period. Forking occurs after the 28-day period, with each AVS switching to one of the two forks. The system ensures that faults are adjudicated by a majority vote among eigenstakers. The AVSs are compensated for any faults, and the system remains secure as long as the transaction value is less than the attributable security. The Eigen token design went through multiple iterations, with the goal of finding the right balance between order and chaos. EigenLayer's view is that decentralized trust is the raw material of the crypto economy, and trustless composability is crucial. The project aims to bridge the gap between short-term utility and long-term merit. The success of EigenLayer's ecosystem was an emergent phenomenon, driven by the principles of reducing capital costs and incentivizing adoption. Sreeram's Twitter - https://twitter.com/sreeramkannan

Chapters


00:00 Introduction to Eigenlayer and Restaking

03:52 Verifiable SaaS: Actively Validated Services

14:31 The Importance of Economic Security

34:09 Managing Risks and Ensuring Economic Security

36:01 Open Innovation and Better Services

45:26 The Importance of Unit Matching in Economic Security

54:23 Bringing Social Truth On-Chain through Forking

01:03:53 Pooling Security and Elastic Scaling

01:07:31 Isolation: Maintaining Trust and Avoiding Centralized Influence

01:08:26 Decentralized Trust and the Eigen Token

01:09:25 Forking and Adjudication in EigenLayer

01:10:52 Balancing Order and Chaos in the Eigen Token Design

01:14:11 Bridging Short-Term Utility and Long-Term Merit in EigenLayer



Disclosures


This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host and members at Delphi Ventures may personally own tokens or art that are mentioned on the podcast. Our current show features paid sponsorships which may be featured at the start, middle, and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product, service or token.

Avsnitt(468)

Zilliqa’s CEO Xinshu Dong: Ready, Set, Mainnet

Zilliqa’s CEO Xinshu Dong: Ready, Set, Mainnet

Host Tom Shaughnessy of 51percent Crypto Research (www.51pct.io) is joined by Zilliqa's CEO Xinshu Dong. Zilliqa is branded as the scalable blockchain for high throughput consensus computing. The project has gotten a lot of buzz and is set to launch its mainnet this week, so this is a very timely episode.  - Follow Tom on Twitter @Shaughnessy119 Follow Xinshu on Twitter @xinshudong  - 51percent's Institutional Crypto Podcasts are to the point discussions with crypto leaders for analysts, funds and institutions. Make sure to add your email on 51pct.io Disclosure: Tom Shaughnessy owns tokens in ETH, MKR, ZRX, HYDRO, CVC, DCR, POLY and GLA. This podcast is NOT investment advice and is only informational. Do not make investment decisions based upon this podcast. 51percent was not compensated by any party for this podcast episode. Tom has no investment stake in Parity. This content is strictly informational.   Sign Up For 51percent's Leading Crypto Research  - Advertisers: To advertise on this podcast, email Tom@51pct.io Potential Guests: If you're interested in appearing on the podcast, email Tom@51pct.io  -

28 Jan 201957min

Spartan Group’s Jason Choi: An Insider’s Take On The Asia Crypto Scene

Spartan Group’s Jason Choi: An Insider’s Take On The Asia Crypto Scene

Host Tom Shaughnessy of 51percent Crypto Research (51pct.io) is joined by Spartan Group's Jason Choi, for An for an Insider’s Take On The Asia Crypto Scene. Jason gives us the entire low down on the crypto scene in Asia. He informs us on the differences vs the West on crypto funds’ involvement in governance, their investment focus, and an insightful look into the entire scene.  - Follow Tom on Twitter @Shaughnessy119 Follow Jason on Twitter @mrjasonchoi    - 51percent's Institutional Crypto Podcasts are to the point discussions with crypto leaders for analysts, funds and institutions. Make sure to add your email on 51pct.io Disclosure: Tom Shaughnessy owns tokens in ETH, MKR, ZRX, HYDRO, CVC, DCR, POLY and GLA. This podcast is NOT investment advice and is only informational. Do not make investment decisions based upon this podcast. 51percent was not compensated by any party for this podcast episode. Tom has no investment stake in Parity. This content is strictly informational.   Spartan Capital Disclosures: For full disclosure, at the time of this podcast recording, Spartan Capital has a small exposure to Ziliqa, which is mentioned briefly in the episode. Spartan has a negligible position (

24 Jan 201956min

Noah Pierau on Blockchain Governance: Decred, Bitcoin, Dash, Ethereum

Noah Pierau on Blockchain Governance: Decred, Bitcoin, Dash, Ethereum

Host Tom Shaughnessy of 51percent Crypto Research is joined by Noah Pierau, a governance researcher and community manager at cryptocurrency Decred. Following 51pct.io's research report on Decred, Noah joins Tom to discuss everything Decred and its innovative apporach to governance through a hybrid PoW/PoS system and its approach to solving on-going funding through a treasury. This conversation is a must-listen for anyone interested in Decred, Governance and the future of decision making in the crypto sphere.   Listeners can use coupon code "Fifty" on 51pct.io for 50% off a retail membership Relevant Posts Decred: Governance and Funding Reimagined ----more----   Follow Tom on Twitter @Shaughnessy119 Follow Noah on Twitter @NoahPierau   ----more----  51percent's Institutional Crypto Podcasts are to the point discussions with crypto leaders for analysts, funds and institutions. Make sure to add your email on 51pct.io Disclosure: Tom Shaughnessy owns tokens in ETH, MKR, ZRX, HYDRO, CVC, DCR, POLY and GLA. This podcast is NOT investment advice and is only informational. Do not make investment decisions based upon this podcast. 51percent was not compensated by any party for this podcast episode. Tom has no investment stake in Parity. This content is strictly informational. ----more---- Sign Up For 51percent's Leading Crypto Research ----more----   Advertisers: To advertise on this podcast, email Tom@51pct.io Potential Guests: If you're interested in appearing on the podcast, email Tom@51pct.io   ----more----

21 Jan 20191h 9min

Blocknet’s Arlyn Culwick: Interoperability and the Race To Connect Crypto (Blocknet, Cosmos, Polkadot)

Blocknet’s Arlyn Culwick: Interoperability and the Race To Connect Crypto (Blocknet, Cosmos, Polkadot)

Host Tom Shaughnessy of 51percent Crypto Research is joined by Arlyn Culwick, the co-founder of Blocknet. The conversation covers interoperability in crypto, the various players (Blocknet, Cosmos, Polkadot), the state of the market, the benefits of interoperability and what the future holds. Listeners can use coupon code "Fifty" on 51pct.io for 50% off a retail membership Relevant Posts Dfinity: Cloud Three Point Oh?   Privacy Coin War: Short-Term Monero and Long-Term Zcash With Grin/Beam As Wild Cards ----more----   Follow Tom on Twitter @Shaughnessy119 Follow Arlyn on Twitter @arlynculwick  Follow Beam on Twitter @The_Blocknet    ----more----  51percent's Institutional Crypto Podcasts are to the point discussions with crypto leaders for analysts, funds and institutions. Make sure to add your email on 51pct.io Disclosure: Tom Shaughnessy owns tokens in ETH, MKR, ZRX, HYDRO, CVC, DCR, POLY and GLA. This podcast is NOT investment advice and is only informational. Do not make investment decisions based upon this podcast. 51percent was not compensated by any party for this podcast episode. Tom has no investment stake in Parity. This content is strictly informational. ----more---- Sign Up For 51percent's Leading Crypto Research ----more----   Advertisers: To advertise on this podcast, email Tom@51pct.io Potential Guests: If you're interested in appearing on the podcast, email Tom@51pct.io   ----more----

14 Jan 20191h 22min

Beam Privacy’s Beni Issembert: Mainnet Launch Takeaways

Beam Privacy’s Beni Issembert: Mainnet Launch Takeaways

Host Tom Shaughnessy of 51percent Crypto Research is joined by Beni Issembert, the CMO at Beam Privacy. Beam is a privacy coin, based on the MimbleWimble protocol that just launched on the first week of January. Our conversation is not technically focused but is an impromptu one focused on the key takeaways on Beam following its launch. We covered Beam, Grin, Zcash and Monero in-depth in our latest privacy coin report.   Relevant Posts Privacy Coin War: Short-Term Monero and Long-Term Zcash With Grin/Beam As Wild Cards ----more----   Follow Tom on Twitter @Shaughnessy119 Follow Beni on Twitter @beni1977  Follow Beam on Twitter @beamprivacy    ----more----  51percent's Institutional Crypto Podcasts are to the point discussions with crypto leaders for analysts, funds and institutions. Make sure to add your email on 51pct.io Disclosure: Tom Shaughnessy owns tokens in ETH, MKR, ZRX, HYDRO, CVC, DCR, POLY and GLA. This podcast is NOT investment advice and is only informational. Do not make investment decisions based upon this podcast. 51percent was not compensated by any party for this podcast episode. Tom has no investment stake in Parity. This content is strictly informational. ----more---- Sign Up For 51percent's Leading Crypto Research ----more----   Advertisers: To advertise on this podcast, email Tom@51pct.io Potential Guests: If you're interested in appearing on the podcast, email Tom@51pct.io   ----more----

11 Jan 201942min

Hedera Hashgraph’s Mance Harmon: Mainnet Launch, A $6B Valuation and A Radically New Consensus Mechanism

Hedera Hashgraph’s Mance Harmon: Mainnet Launch, A $6B Valuation and A Radically New Consensus Mechanism

Host Tom Shaughnessy of 51percent Crypto Research is joined by Mance Harmon the CEO and Co-Founder of Hedera Hashgraph for the most in-depth dive into the project to date.  For those who don’t know, Hedera Hashgraph is a public distributed ledger for building decentralized applications. The project has gained a lot of interest and has raised $124M at a $6B valuation. Our conversation covers the dynamics of the platform, an update on their mainnet launch, governance in Hedera and where the project fits into the ever-growing world of crypto.   Relevant Posts Decred: Governance and Funding Reimagined Privacy Coin War: Short-Term Monero and Long-Term Zcash With Grin/Beam As Wild Cards Ethereum’s Serenity: A Potential ~10x Increase In Demand For Gas and Increasing Scarcity Could Both Drive ETH’s Price Higher ----more----   Follow Tom on Twitter @Shaughnessy119 Follow Mance on Twitter @ManceHarmon Follow Hedera on Twitter @hashgraph    ----more----  51percent's Institutional Crypto Podcasts are to the point discussions with crypto leaders for analysts, funds and institutions. Make sure to add your email on 51pct.io Disclosure: Tom Shaughnessy owns tokens in ETH, MKR, ZRX, HYDRO, CVC, POLY and GLA. This podcast is NOT investment advice and is only informational. Do not make investment decisions based upon this podcast. 51percent was not compensated by any party for this podcast episode. Tom has no investment stake in Parity. This content is strictly informational. ----more---- Sign Up For 51percent's Leading Crypto Research ----more----   Advertisers: To advertise on this podcast, email Tom@51pct.io Potential Guests: If you're interested in appearing on the podcast, email Tom@51pct.io   ----more----

8 Jan 20191h 11min

Securitize’s Carlos Domingo: Why The Market for Security Tokens Will Increase 10x in 2019

Securitize’s Carlos Domingo: Why The Market for Security Tokens Will Increase 10x in 2019

Host Tom Shaughnessy of 51pct.io is joined by Carlos Domingo who is the Founder and Managing Partner at SPiCE VC and Founder and CEO at Securitize.  Our conversation covers security tokens, securitize, and why Carlos believes the security token market across all of its metrics will increase by 10 times in 2019. We discuss the competitive landscape, and Carlos provides information on the competitive landscape for security token platforms since we now have so many today. Carlos unloads a ton of great information on virtually every aspect of the security token market, securitize, and the future of crypto.   Relevant Posts Privacy Coin War: Short-Term Monero and Long-Term Zcash With Grin/Beam As Wild Cards Ethereum’s Serenity: A Potential ~10x Increase In Demand For Gas and Increasing Scarcity Could Both Drive ETH’s Price Higher Tezos Deep Dive: The Only Viable Ethereum Competitor In The Smart Contract War ----more----   Follow Tom on Twitter @Shaughnessy119 Follow Carlos on Twitter @carlosdomingo  Follow Securitize on Twitter @securitize_io   ----more----  51percent's Institutional Crypto Podcasts are to the point discussions with crypto leaders for analysts, funds and institutions. Make sure to add your email on 51pct.io Disclosure: Tom Shaughnessy owns tokens in ETH, MKR, ZRX, HYDRO, CVC, POLY and GLA. This podcast is NOT investment advice and is only informational. Do not make investment decisions based upon this podcast. 51percent was not compensated by any party for this podcast episode. Tom has no investment stake in Parity. This content is strictly informational. ----more---- Sign Up For 51percent's Leading Crypto Research ----more----   Advertisers: To advertise on this podcast, email Tom@51pct.io Potential Guests: If you're interested in appearing on the podcast, email Tom@51pct.io   ----more----

23 Dec 20181h 3min

Parity’s Afri Schoedon: Clients, Serenity, Görli and Private Blockchains

Parity’s Afri Schoedon: Clients, Serenity, Görli and Private Blockchains

Host Tom Shaughnessy of 51pct.io is joined by Afri Schoedon of Parity for a wide-ranging discussion that includes an overview of Parity's Ethereum Client, Ethereum's Serenity upgrade, Parity's new Görli testnet, the use case for private blockchains and more. Afri shares a ton of invaluable information and is on the front lines of Ethereum, making this a must listen to episode.   Relevant Posts Did Ethereum Reach 1TB Yet Etherum Archival Node Sizes Ethereum’s Serenity: A Potential ~10x Increase In Demand For Gas and Increasing Scarcity Could Both Drive ETH’s Price Higher Tezos Deep Dive: The Only Viable Ethereum Competitor In The Smart Contract War ----more----   Follow Tom on Twitter @Shaughnessy119 Follow Afri on Twitter: @5chdn   ----more----  51percent's Institutional Crypto Podcasts are to the point discussions with crypto leaders for analysts, funds and institutions. Make sure to add your email on 51pct.io Disclosure: Tom Shaughnessy owns tokens in ETH, MKR, ZRX, HYDRO, CVC, POLY and GLA. This podcast is NOT investment advice and is only informational. Do not make investment decisions based upon this podcast. 51percent was not compensated by any party for this podcast episode. Tom has no investment stake in Parity. This content is strictly informational. ----more---- Sign Up For 51percent's Leading Crypto Research ----more----   Advertisers: To advertise on this podcast, email Tom@51pct.io Potential Guests: If you're interested in appearing on the podcast, email Tom@51pct.io   ----more----

18 Dec 201850min

Populärt inom Teknik

uppgang-och-fall
elbilsveckan
rss-racevecka
market-makers
natets-morka-sida
skogsforum-podcast
rss-elektrikerpodden
bli-saker-podden
rss-uppgang-och-fall
rss-laddstationen-med-elbilen-i-sverige
rss-veckans-ai
mediepodden
developers-mer-an-bara-kod
solcellskollens-podcast
rss-technokratin
har-vi-akt-till-mars-an
rss-fabriken-2
bilar-med-sladd
hej-bruksbil
rss-kack-tech-podcast