Consider staking with my validator Stakecito
Channel Sponsors:
Persistence & Composable Finance
History of Nick White:
In 2016 he became interested in crypto through his friends’ interest in Ethereum and this eventually led him to co-found Harmony in 2018. The main purpose of the project was to solve scalability of blockchains through Sharding and Proof-of-Stake. In 2020, he learned about a new approach to scaling called Modular Blockchains and he knew it was going to revolutionize the industry. He was introduced to Cosmos in 2018 from doing regular research about the space. In his opinion, the impact of Cosmos is everywhere, even if it isn’t directly seen due to the thought leadership and vision behind the project.
Benefits of Modular Blockchains:
Celestia gives the benefits of appchains from the Cosmos model while getting shared security and ability
to deploy any application easy.
Below are the benefits of Celestia’s model:
1. Scaleable by default
2. Customizability
3. Sovereignty
How do you the end game for Cosmos/Ethereum and how does Celestia fit in? The vision of Cosmos is the internet of interoperable blockchains, and this is the end game for Web 3.0. The exponential growth of the internet couldn’t have been easily predicted, but like the internet has Thoughts on Interchain Security and Mesh Security: What is the tradeoff of Modular Blockchain technology?:
hundreds of millions of websites, we are going will have millions blockchains. The two main features that are lacking to realize that future is its expensive and difficult to deploy a blockchain and you don’t get shared security. Celestia solves both issues by enabling the launching of blockchains easily and provides shared security. Celestia is an appchain that offers data availability and consensus and doesn’t compete with Cosmos but provides a service.
Interchain Security is a valid path to go but the biggest issue is that it isn’t permissionless and isn’t very
scalable but on Celestia it is both permissionless and scalable.
With Mesh Security, he believes it has benefits but believes it is oversold with the potential benefits.
The biggest one is that if someone just wants to build a smart contract, it is more complex than on
something like Ethereum.
The biggest problem that still needs to be solved is roll up
