Ryan Sean Adams
π€ SpeakerAppearances Over Time
Podcast Appearances
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Maybe going back to just like what makes a blockchain a blockchain.
Bitcoin had this fundamental insight of the way that we get rid of a leader in a blockchain is that everyone checks the legitimacy, the authenticity, the correctness of everyone else.
And so when some Bitcoin miner mines a block, but if it finds the correct hash and it proposes that that block,
Everyone else in the network doesn't trust that leader.
They re-execute all of the same work to verify it for themselves.
And that's the way that Bitcoin discovered the way to have a decentralized network is everyone's checking everyone else.
And that re-execute word has just been the status quo for all blockchains.
Everyone re-does all of the work.
And the way that that impacts blockchains, all blockchains to this day, is that it kind of is hamstrung by the slowest node in the network.
Or at least there is some requirement for computation that every blockchain has that, you know, if you aren't at least this fast, you can't keep up with the network because you can't keep up with executing all the everyone else's work.
And now, you know, some blockchains have different opinions as to like how much requirement you have.
Bitcoin's is very low.
Ethereum has also been a very low requirement because we want to be decentralized.
as you said, some chains like Solana or other very fast chains have had a higher opinion as to the computational requirements it takes to do the re-execution.
But nonetheless, all blockchains to this day are re-executing all of the same work and it's redundant.