Chapter
The Future of Blockchains and MEV Extraction
48:31 - 56:30 (07:59)
Layers two and one will be used to keep blockchain the same while creating protocols to keep blockchain's security. The marketplace will enable the creation of complex transaction bundles, while layer one will be able to process more transactions.
Clips
Layer two solutions use protocols that sit on top of the blockchain while inheriting its security, creating a marketplace where people can create profitable transaction bundles.
48:31 - 54:51 (06:19)
Summary
Layer two solutions use protocols that sit on top of the blockchain while inheriting its security, creating a marketplace where people can create profitable transaction bundles. Layer one solutions work on making the blockchain itself capable of processing more transactions to avoid capacity limits.
ChapterThe Future of Blockchains and MEV Extraction
Episode#188 – Vitalik Buterin: Ethereum 2.0
PodcastLex Fridman Podcast
The block size limit of 32 megabytes in Bitcoin was originally an accidental finding due to the peer-to-peer message limit.
54:51 - 56:30 (01:39)
Summary
The block size limit of 32 megabytes in Bitcoin was originally an accidental finding due to the peer-to-peer message limit. There is a trade-off between making it easy to write to and read from the blockchain.