“The EVM is an emergent structure produced from thousands of developer contributions. Forking the EVM limits the ability to access these contributions.
Open-source code is like a city. It’s emergently created, bottom up, from the contributions of many developers who see problems and build solutions. Over time, the city becomes optimized, robust, and efficient. EVM-ish chains are like the Las Vegas version of Paris; they’re trying to artificially replicate something that came organically.
EVM equivalence allows for copy+pasting DeFi code across all EVM equivalent rollups. Anything new of value discovered on one rollup is immediately reproducible on all other rollup. EVM equivalence [also] allows for individual rollups to implement an EIP upgrade before the main Ethereum L1, allowing for a live production testbed for experimental EIPs, before safely and securely implementing them on the L1 layer.
EVM equivalence enables L2s to merge EIPs asynchronously and independently from the choices of other L2s. Each L2 will adopt the EIPs that its community desires. Ethereum will adapt to the signals of its L2 users; each L2 represents an antenna of data for user preferences. L2s adopting a common EIP signals to Ethereum: It’s desired by the community; and it’s safe to adopt.
Every L2 can progress in its own unique direction, specializing on whatever it wants to specialize in. Successful L2s that onboard many users and lots of value will signal to the other L2s that it’s discovered something of value. As soon as an L2 finds a new source of value, that source of value can be replicated and shared across the entire ecosystem, and eventually brought back to the center of the ecosystem.
Ethereum becomes an organism that can respond and adapt to its environment, even as its environment changes over time.
[Further], Retroactive Public Goods Funding (RPGF) will take Ethereum from a system that responds to its users, to a system that can take proactive action. Optimism is pioneering a new model for funding public goods, one that injects Silicon Valley-type financial incentives into projects building public goods.
Revenue generated from L2 blockspace fees gets directed towards innovators and founders who build something useful for the Optimism L2. RPGF commit money towards the future, giving public goods builders the ability to build with assurances that there is money waiting for them if they build useful public goods.
The one-two punch of RPGF and EVM equivalence gives us the first promising path towards solving the tragedy of the commons, not just for Optimism, not just for L2s, not just for Ethereum, but for the entire planet.
EVM compatibility is dead. Either optimize for generalizability by adhering to the Ethereum standard (and therefore pick the same standard as everyone else), or build something completely different that’s highly optimized for your use case (see ZK-rollups).”
See Also: Delphi Research: The Hitchhiker’s Guide to Ethereum (In-depth Roadmap – Recommended Read)
“Blockchains are a monumental step forward in liberating the ownership rights of creators.
But there’s one caveat: That immutable ownership only exists in the digital realm. Blockchain ownership cannot govern real world markets, because NFT companies can still restrict the rights of their holders to extend their digital ownership into a real world market, such as using their brand imagery on physical merchandise or events.
The American non-profit Creative Commons issued in 2009 the licensing standard CC0 which allows creators to declare their work as belonging in the public domain. Creators who flag their work under the CC0 label give up ownership in a legal sense, making it free for anyone to creatively remix it for commercial purposes. It embodies “no rights reserved”, the opposite of the redundant “all rights reserved” disclaimer.
Slapping the CC0 license on the project is an additional guarantee by private companies to holders that ownership is intact even when they step off the Internet. But more than that, it’s a radical promise to give up that last bit of control over real world markets to the masses and create a wholly decentralized brand.
CC0 has been referred to as open-source intellectual property – It transcends the intellectual property debates around Larva and Yuga Labs. To modify, use or profit from the intellectual property of a CC0 project in any way, you neither have to be a holder or ask anyone’s permission.
CC0 aligns neatly with the libertarian ethos of Web3, providing the additional layer of real-world ownership for our NFTs that are out of the blockchain’s reach. In the name of free speech and information, CC0 thwarts the attempts of corporations to wall off a public good and reap private profits from it.
By allowing the public to freely build and adapt their existing work, NFT creators can harness the commitment of their “100 True Fans” and propel their work into recognition.
Perhaps the best example of this is the 8 months old CC0 NFT project Nouns which has already inspired 130 derivative on-chain projects (and counting) and real world merchandise that all serves to buttress its brand value.”
“Attendees at this week’s Oslo Freedom Forum, a 13-year-old annual gathering for human rights and pro-democracy activists, might have wondered at times if they’d mistakenly wandered into a cryptocurrency conference.
A crypto conference, of course, would not normally feature human rights activists recounting their first-hand experience of political oppression, investigative journalists sharing how they fight propaganda and cybersecurity specialists checking phones for traces of spyware.
While for many crypto is a way to get rich, for others it’s a human rights tool, providing sometimes clumsy but still serviceable ways to route around financial censorship and surveillance, especially in those parts of the world where such measures are prevalent. Bitcoin can serve as an underground payment channel in regimes with abusive financial surveillance, when receiving money from abroad puts activists in the authorities’ crosshairs.
And that use case is not going away, no matter which direction the price of bitcoin (BTC) goes. ‘Many organizations are already using it.’
‘I can not send my mom any money using my name because the authorities in Eritrea are after her for her human rights advocacy.’ So bitcoin became a remittance channel for her. For activists from Russia whose work has sent them into exile, bitcoin also became a lifeline connecting people to the ones they left behind at home.”
“Hot off a splashy February rebrand, Ignite (formerly Tendermint), the company originally behind the Cosmos blockchain ecosystem, has announced that it is splitting into two entities: Ignite and NewTendermint.
According to a statement from Ignite and NewTendermint, the two companies will ‘hold complete independence from each other, with their own team, equity and funds.’ Kwon’s NewTendermint will focus on the development of core blockchain infrastructure.
Jae Kwon’s return to Ignite/NewTendermint comes as he claims his former colleagues are conspiring against him – and the network. Kwon co-founded Tendermint and created Cosmos with Ethan Buchman in 2014, though Kwon’s relationship with Buchman and much of Tendermint’s early team soured around 2020. It was around this time Kwon’s behavior, according to some early employees, spurred an exodus of several Tendermint staffers – many of whom have continued to contribute to the network through other projects.
To this day, Kwon contends that Manian, Buchman and other Cosmos community leaders are secretly plotting against the network – potentially as part of a broader conspiracy.”
“Terraform Labs early Saturday launched a new version of the Terra blockchain, “Terra 2.0,” with freshly minted LUNA tokens. Out of 1 billion new LUNA tokens, only 21 million were airdropped on Saturday and added to the circulating supply. The rest of the tokens will be airdropped in phases.
Roughly 12 hours later, LUNA (labeled LUNA2 on some exchanges) had shed almost 73% of its initial value, trading as of this writing for $5.18. It peaked earlier at $19.54.
Credibility is the ultimate currency.
Currently, LUNA is traded across seven different exchanges—Bybit, Kucoin, Kraken, MEXC, OKK, Bitrue, and BingX.