Austin Castellaw

Defensibility in web2 comes from proprietary data network effects. Each application is a walled garden, and a bigger user base translates into more utility vs. competitors.  The social network with most data, content, users, etc. is more valuable.

Since the advent of Optimistic Rollups (ORUs) and Zk-Rollups (ZRUs), the paradigm has changed.Computation is run off-chain by high-end machines (the provers) while posting a fraud proof (on ORUs) or a validity proof (on ZRUs) on a settlement chain, which can prove the computation integrity, or in other words, that the computation has been executed... See more

Hybrid — Some projects like Frax Finance use a hybrid approach to find a balance between these issues. The peg to USD is algorithmically maintained, but they also have reserves available to handle periods of extreme volatility and market demand. This strategy seems the most likely to survive long term.

The network nodes can verify the attached proofs several orders of magnitude faster and cheaper than verifying the computation itself, thus enabling complex computation at a pretty cheap cost, such as gaming dynamics.

Short answer is “No”…. But of course nothing is perfect! I will explain why and propose some possible solutions. But I also know the team behind Coordinape is working hard to constantly improve it! Let’s improve it all together and build the perfect tool!As it was mentioned above, one issue is members not allocating “properly”. Properly is probably... See more

With these market conditions come implicit assumptions around the future state of crypto. For builders and investors to meet expectations over the next 5-10 years, how much market cap creation will we need to see? How much institutional capital will need to enter the space to support these assets? Where might institutions allocate? How can both... See more