Blockchains should be easy to build and easy to run. | WillPapper on Binance Square

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Blockchains should be easy to build and easy to run.

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Here’s something that people don’t talk about: Success for your app on general purpose chains means your growth becomes their profit. High usage = more fees to the chain operator, not to the app driving the usage.

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The industry is stuck with two flawed systems for managing withdrawals: - Centralized servers (possible to manipulate, prone to liveness failures) - Fraud proofs (still have centralized components like multi-sigs, often require validators to provide bonds and maintain an active reserve of tokens) Our solution is to provide multiple verification systems that must all sign off on withdrawals. As we develop, we want to include: - Centralized TEEs across major cloud providers - Decentralized TEEs ( @litprotocol) - AVSs via @EigenLayer and @LayerOnEth - Multiple zkVMs like @a16zcrypto’s Jolt, @RiscZero, @SuccinctLabs SP1 We can also build in flexibility: - Allow withdrawals with fewer providers but longer waiting periods - Enter challenge mode if providers disagree - Create tiered security models for different use cases, such as certain withdrawal thresholds We then use smart contracts to coordinate all verification. Perfect security doesn't exist, but requiring multiple systems to agree eliminates single points of failure.

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The perks of onchain sequencing compared to based sequencing, Avalanche subnets, Cosmos Chains. Check out our docs.

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Most people misunderstand this critical aspect of fraud proofs in rollups. The common belief: fraud proofs mathematically prove whether a transaction is correct or fraudulent, with the invalid ones automatically rejected. The reality: some fraud proof implementations are essentially a bond system. Whoever puts up more money wins. Not who's mathematically correct.

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We’re at an inflection point. Smart contracts proliferated tokenization, NFTs, and DeFi. Before smart contracts, everyone forked Bitcoin to create altcoins. Only a few people had the technical knowledge to do meaningful customizations.

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