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Justin Drake

👤 Speaker
648 total appearances

Appearances Over Time

Podcast Appearances

Bankless
Ethereum’s Quantum Strategy with Justin Drake

And, you know, Ethereum is no stranger to ambitious projects.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

You know, we've had other like very ambitious things like dank shouting and data value sampling that is kind of on a similar scale.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

Another piece of good news is that we have no choice.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

We have to change the cryptography.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

It is a very strong forcing function.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

And that alone, I would argue, is an 80% rewrite anyway.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

So...

Bankless
Ethereum’s Quantum Strategy with Justin Drake

That makes the coordination and coming to consensus much simpler.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

And then the other thing else... Go ahead.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

Yes, so...

Bankless
Ethereum’s Quantum Strategy with Justin Drake

It's possible that IFRM has to do more rewrite than other chains.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

And this has to do with the number of validators.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

So if you only have, let's say, 100 validators, then you can just...

Bankless
Ethereum’s Quantum Strategy with Justin Drake

absorb the cost of the 10x larger signatures at the consensus layer.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

It's not too much of a big deal.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

So for most of the proof of stake chains, actually, you don't need the sophistication that we have.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

But for Ethereum, we're hoping to have tens of thousands of validators voting every single slot, which is, again, like thousands of transactions, signatures per second.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

And we have to be very creative.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

Where I would agree with you is that there has to be a very big change for all blockchains at the execution layer.

Bankless
Ethereum’s Quantum Strategy with Justin Drake

But the good news for the other chains is that the firm is doing all the homework.