Chapter
Layer 1 and Layer 2 Scaling in Blockchain
33:41 - 42:38 (08:57)
The two families of scaling in blockchain are Layer 1 and Layer 2. Layer 1 scaling aims to improve the blockchain itself, while Layer 2 scaling involves creating protocols that sit atop the blockchain and utilize it in more innovative ways to ensure the same level of security as a blockchain.
Clips
Ethereum's decentralized system allows for trust to be placed in the mainframe computer in the cloud rather than other users, while NFTs provide value to digital copies through ownership.
33:41 - 36:07 (02:25)
Summary
Ethereum's decentralized system allows for trust to be placed in the mainframe computer in the cloud rather than other users, while NFTs provide value to digital copies through ownership. These innovations have proven to be successful despite initial skepticism.
ChapterLayer 1 and Layer 2 Scaling in Blockchain
Episode#504: Vitalik Buterin, Creator of Ethereum, on Understanding Ethereum, ETH vs. BTC, ETH2, Scaling Plans and Timelines, NFTs, Future Considerations, Life Extension, and More (Featuring Naval Ravikant)
PodcastThe Tim Ferriss Show
There are two types of scaling for blockchains: layer one and layer two.
36:07 - 40:19 (04:11)
Summary
There are two types of scaling for blockchains: layer one and layer two. Layer one involves improving the blockchain itself through proof of stake and sharding, while layer two involves protocols that sit on top of the blockchain to provide better security using the blockchain in more intelligent ways.
ChapterLayer 1 and Layer 2 Scaling in Blockchain
Episode#504: Vitalik Buterin, Creator of Ethereum, on Understanding Ethereum, ETH vs. BTC, ETH2, Scaling Plans and Timelines, NFTs, Future Considerations, Life Extension, and More (Featuring Naval Ravikant)
PodcastThe Tim Ferriss Show
This podcast discusses the need for people to vote on blocks and transactions in decentralized consensus systems and advises about the importance of not missing the best days in investing after a financial crisis.
40:19 - 42:38 (02:19)
Summary
This podcast discusses the need for people to vote on blocks and transactions in decentralized consensus systems and advises about the importance of not missing the best days in investing after a financial crisis.