Sergey Gorbunov on Axelar's Focus on Security and Programmability.

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This installment of "The Protocol," hosts Brad Keoun, the founding editor of The Protocol Newsletter, and tech journalists Sam Kessler and Margaux Nijkerk interview Sergey Gorbunov, CEO of Interop Labs and co-founder of Axelar Protocol, who discusses the partnership with Ripple and the exclusive bridge they are building for the XRP Ledger's new EVM side chain. He emphasizes simplifying user experiences and blending blockchain technology with traditional systems and believes that decentralization is a key factor in the success of interoperability protocols.

Chapters |

00:00 Introduction and Background

03:34 The Importance of Interoperability

06:56 Axelar's Differentiators and Partnership with Ripple

13:04 Simplifying User Experiences and Blending Blockchain with Traditional Systems

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EPISODE LINKS |

Interop Labs

Axelar

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The Protocol has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “Take Me Back” by Strength To Last.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

David Schwartz and Robert Leshner share how the convergence of traditional financial markets and on-chain systems presents a major opportunity for driving adoption over the next 20 years.

Sponsored by BitGo.

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This installment of "The Protocol," comes to you LIVE from Consensus 2024 in Austin Texas. Hosts Brad Keoun, the founding editor of The Protocol Newsletter, and tech journalists Sam Kessler and Margaux Nijkerk chat with David Schwartz, CTO of Ripple, and Robert Leshner, CEO & Co-Founder of Superstate, on the challenges and opportunities in bringing real-world assets on-chain and more.

Chapters |

00:00 The Conference Experience and Developer Mix

02:12 The Convergence of Traditional Financial Markets and On-Chain Systems

04:25 Challenges and Opportunities in Bringing Real-World Assets On-Chain

05:49 The Impact of Restaking in Traditional Finance

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EPISODE LINKS |

BitGo

Superstate

Ripple

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The Protocol is produced by the CoinDesk team: production assistant Victor Chen, senior producer Michele Musso, executive producer Jared Schwartz, and Senior Booker, Melissa Montañez.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Dan Reecer, COO of the Wormhole Foundation, explains that open-source code and decentralization are essential for transparency and trust in the blockchain industry.

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This installment of "The Protocol," hosts Brad Keoun, the founding editor of The Protocol Newsletter, and tech journalists Sam Kessler and Margaux Nijkerk interview Dan Reecer, the COO of Wormhole Foundation. Wormhole is a messaging layer protocol that connects different blockchains, allowing for the transfer of assets and data. They discuss the Wormhole Interoperability Project and its recent token airdrop. Reecer, emphasizes the importance of open-source code and decentralization in the blockchain industry.

Takeaways |

• Wormhole is a messaging layer protocol that connects different blockchains, enabling the transfer of assets and data.
• Wormhole recently conducted a token airdrop, rewarding token holders and aligning with power users who have contributed to the network.
• Controversies surrounding airdrops highlight the importance of transparency, fairness, and thoughtful allocation of tokens.
• The future of blockchain interoperability will likely involve collaboration between different protocols, with two to three winners emerging in the long term.

Chapters |

00:00 Introduction and Overview

02:10 The Wormhole Token and Governance

04:22 Multi-Gov and DAO Voting

07:22 Governance Interoperability and Bridge Protocols

11:39 Addressing Bridge Flaws with Technologies like Storage Proofs

19:55 Building Connections Between Blockchains

24:12 Competition and Multiple Interoperability Solutions

26:01 Comparing Wormhole to Layer Zero

30:30 Influence of Jump Trading and Transparency

34:55 Lessons from Recent Airdrops

39:13 Conclusion and Wrap-Up

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EPISODE LINKS |

Wormhole

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The Protocol has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “Take Me Back” by Strength To Last.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Flashbots’ Hasu discusses the recent MEV Boost exploit, emphasizing the ongoing MEV challenges and the need for decentralized solutions.

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This installment of "The Protocol," hosts Brad Keoun, the founding editor of The Protocol Newsletter, and tech journalists Sam Kessler and Margaux Nijkerk interview Hasu, head of strategy at Flashbots and advisor to the Lido DAO. They discuss the recent exploit in the MEV Boost codebase, the Department of Justice's response, and the ongoing efforts to solve MEV. The conversation also covers restaking, Lido's role in the restaking ecosystem, censorship resistance, design differences between Eigenlayer and Symbiotic, and the future of Ethereum.

Takeaways |

• The recent exploit in the MEV Boost code base highlights the ongoing battle to solve MEV and the need for more decentralized solutions.
• Restaking is a market to rent economic security and work from an open market, and there are different approaches to restaking, such as native restaking and non-native restaking.
• Lido aims to make staked ETH the dominant asset in Ethereum DeFi and stimulate demand for renting security with StakeETH.
• The design differences between Eigenlayer and Symbiotic in the restaking ecosystem offer different trade-offs in terms of capital efficiency and spillover effects.
• Censorship resistance in Ethereum can be addressed through inclusion lists, private memepools, and geographical/geopolitical diversity in the network.

Chapters

00:00 MEV Exploit and the Battle to Solve MEV

09:04 The Role of Lido in the Restaking Ecosystem

21:11 Swav: Fast, Private, and Decentralized Off-chain Computation

28:11 Restaking: Renting Economic Security

32:54 Design Differences: Eigenlayer vs. Symbiotic

39:02 StakeETH: Making Staked ETH the Dominant Asset

40:55 Addressing Censorship Resistance in Ethereum

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EPISODE LINKS |

How MIT Brothers Allegedly Cheated a Noxious-But-Accepted Ethereum Practice for $25M

Brothers Accused of $25M Ethereum Exploit as U.S. Reveals Fraud Charges

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The Protocol has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “Take Me Back” by Strength To Last.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Runes and Ordinals ‘Artist’ Creator, Casey Rodarmor has just invented two of the most dramatically impactful protocols in the blockchain industry's history and embraces cryptocurrency's speculative and gambling nature.

This episode is sponsored by the Stellar Community Fund

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In this installment of "The Protocol," hosts Brad Keoun, the founding editor of The Protocol Newsletter, and tech journalists Sam Kessler and Margaux Nijkerk,

are joined by Casey Rodarmor to discuss the launch of Runes, a protocol on the Bitcoin blockchain that allows users to create and trade meme coins. Casey expresses skepticism about the usability of layer two solutions and the potential for stablecoins on Bitcoin.

Takeaways |

• Casey Rotemar believes that many projects in the crypto space make false claims about utility and are ultimately worthless.
• Runes embraces the speculative and gambling nature of cryptocurrency, positioning itself as a degenerate casino.
• Casey discusses the potential regulatory concerns and the ability of Bitcoin to withstand a nation-state attack. Bugs were found before the launch of Runes and Ordinals, including a divide-by-zero bug and issues with high-fee transactions and the mint logic.
• Getting Bitcoin soft forks adopted can be challenging, but there are new BIP editors who are helping to merge proposals and improve the process.
• Casey is skeptical about the usability of layer two solutions and believes that developing on top of Bitcoin without modifying the base layer is often the best approach.
• There is potential for stablecoins on Bitcoin, but Casey is unsure if there is enough market demand for them.
• The names of some of the runes created by the community can be offensive, but there are also creative and funny names emerging.
• Casey is interested in developing a file-sharing protocol unrelated to blockchain or cryptocurrency, with a focus on improving the user experience.

Chapters

00:00 Introduction and Background

05:58 Runes: A Degenerate Casino on the Bitcoin Blockchain

13:58 Bitcoin's Strengths and Ethereum's Weaknesses

27:58 Bugs and Challenges Before the Launch

35:26 The Potential for Stablecoins on Bitcoin

41:59 Creative and Offensive Rune Names

49:57 Developing a User-Friendly File-Sharing Protocol

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From Our Sponsor:

The Stellar Community Fund (SCF) is an open-application awards program that draws on community input to support developers and startups building on Stellar and Soroban. Accelerate your web3 project today.

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The Protocol has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “Take Me Back” by Strength To Last.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.