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30 sats \ 5 replies \ @faithandcredit 11 Oct 2022
If Bitcoin got rollups they would crack down on them, but as long as its only Eth that has it they leave it alone. Because rollups are centralized, at least the ones ETH have, and Optimism for example dont even have fraud proofs enabled, and its the second biggest rollup. Its just a centralized EVM that pretends its not. Arbitrum which is the biggest rollup is hardly better, because it whitelists who gets to check the fraud proofs. So its like you need permission from Arbitrum in order to check if they are cheating. Its really wierd situation.
Rollups also have proven to have problems scaling, for example a month or so ago Arbitrum had to cancel their Oddysee event because fees on the rollup became higher than fees on ETH layer1. And thats not all.
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20 sats \ 2 replies \ @fgiveme 12 Oct 2022
What about Starknet?
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0 sats \ 1 reply \ @faithandcredit 12 Oct 2022
Closed source afaik but i dont want perfection to become the enemy of good. Maybe closed source is fine?
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0 sats \ 0 replies \ @patrick OP 12 Oct 2022
It's fine for ZK since it produces a proof of validity, imo.
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0 sats \ 1 reply \ @TheBTCManual 12 Oct 2022
Could rollups possibly be applied on something like fedimint? Since you already have these pseudo-custodial environments that people will use with LN, could roll ups help it scale an individual mint a little bit further?
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0 sats \ 0 replies \ @rijndael 12 Oct 2022
you dont need rollups to scale an individual mint. you can scale an individual mint with more and bigger hardware. eventually you might need to shard the mint or something
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11 sats \ 1 reply \ @newnym 11 Oct 2022
Is there a TL;DR on this? :)
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4 sats \ 0 replies \ @rijndael 12 Oct 2022
yeah, read the conclusion
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53 sats \ 0 replies \ @rijndael 12 Oct 2022
super excited to read this! I'm really interested in ZKPs for bitcoin for:
- Rollups to provide a better peg-out mechanism so we can put new opcodes or new script VMs in sidechains and keep mainchain nice and simple
- massive speedups for IBD, which means more full nodes on crappier hardware/networks
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0 sats \ 0 replies \ @mrbrownstone 12 Oct 2022
Is this what? A school homework?
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0 sats \ 0 replies \ @TheBTCManual 12 Oct 2022
Lol is there a better summary than this? Geez
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