BlockBeats News, on September 11th, Nick White, co-founder of Celestia, spoke at the "Build For Miracle" summit co-hosted by Metastone and BlockBeats, during the roundtable discussion on "Is modularity the infrastructure for building the next generation of public chains?".
"The way modular blockchains work is to provide a service for anyone, a decentralized service for someone to consume, right? I think shared serialization is a bit like mempool, and like a consensus service, like a fast confirmation service, you can configure it according to your own needs. Code processing is also another good example. I think as space develops, as we build more infrastructure and realize we have more needs, we will continue to see more of these services emerge. So I think modularity has not yet been fully realized. I think there is still a lot of room to explore, and more space to emerge new services and protocols."
· Summit time: September 11th, 9:30-22:00
· Summit location: PARKROYAL COLLECTION Marina Bay Singapore
6 Raffles Boulevard
039594
BlockBeats news, on September 11th, Fuel Labs CEO Nick Dodson spoke at the "Build For Miracle" summit co-hosted by Metastone and BlockBeats on the topic of "Is Modularity the Infrastructure for Building the Next Generation Public Chain?" Dodson stated:
"Initially, Ethereum did not have things like Flashbots and many other MEV infrastructures. But with market demand, these solutions emerged. Ethereum can be said to be a hybrid modular blockchain in many ways, or moving towards a more modular approach, because people have proposed solutions for other infrastructures and found markets and problems, and used different solutions to address different issues.
So I think shared ordering is a very interesting field, and MEV-related things are also interesting areas in the stack. I also think that some of these co-processing solutions are interesting, but ultimately I think it's just for more creativity. For me, it's like building your own system in a certain area of the blockchain universe. If you don't accept modular systems or solutions, you will be left behind. Adapting will be very difficult, so for this type of system, I think it's important to use the application market to discover different areas of the stack and better decompose and expand these focus points. So, I think there may be other levels, such as co-processing, that should also be mentioned."
· Summit time: September 11th, 9:30-22:00
· Summit location: PARKROYAL COLLECTION Marina Bay Singapore
6 Raffles Boulevard
039594
On September 11th, Kartin, co-founder of Hyper Oracle, spoke at the "Build For Miracle" summit hosted by Metastone and BlockBeats. During the roundtable discussion on "Modularity as the Infrastructure for Building the Next Generation Public Chain", Kartin stated:
"In my opinion, modularity should divide consensus, computation, and storage into three different architectures, which are topologically different network architectures. Essentially, computation, storage, and consensus all require different types of structures to optimize their respective tasks. With ZK Oracle, what we can do today on Ethereum is to delegate some computation tasks to ZK Oracle to perform important computations and generate proofs. Then, it can be submitted to the smart contract together with the validator, so that you no longer need to perform important computations within the blockchain.
Different blockchain nodes essentially perform the same task, which is to execute a computation task and then replicate it on multiple different computers. This is essentially what running a blockchain node does. So now, if I want to run a very complex model in my smart contract, the best solution is not to have everyone in the blockchain network run the model. The best approach is to have someone run it and generate a proof to convince all these nodes why this answer is correct, and ultimately confirm it at the consensus layer, such as in a blockchain.
This is what Bitcoin, Ethereum, and all these blockchains do. For storage, my understanding is that once you store a piece of data in the blockchain, it means that you have stored that data on every single node. This is a waste because you don't need everyone to do the same thing to store the data. What you need to do is to ensure that when the smart contract needs this data, it can get it from someone else. So we need some storage roles to perform the storage function of the smart contract. But this is just my understanding, which may be different from others."
· Summit Time: September 11th, 9:30-22:00
· Summit Location: PARKROYAL COLLECTION Marina Bay Singapore
6 Raffles Boulevard
039594
On September 11th, Nick White, co-founder of Celestia, spoke at the "Build For Miracle" summit hosted jointly by Metastone and BlockBeats. During the roundtable discussion on "Whether Modularity is the Infrastructure for Building the Next Generation of Public Chains", he stated:
"Modular blockchain is a paradigm shift from integration to modularity, where an integrated blockchain completes all work in a protocol and a set of nodes. Specifically, there are three core components that I believe every blockchain must fulfill: consensus, which is the ordering of transactions and blocks so that everyone knows what happened; data availability, which requires that block and transaction data become public information so that anyone can view it; and execution, which is where transactions are actually verified and executed. This is where smart contracts and applications reside.
These are the three core functions or layers of blockchain. In an integrated blockchain, a single protocol completes all of this work, but when you bundle these functions together, you end up with a less flexible and less scalable system. Therefore, in the modularity paradigm, these functions are split into different functions and layers, with each layer focusing on its own function. For example, Celestia focuses on data availability, while Fuel focuses on execution. There are also other components, such as Radius, which is a protocol specifically for sharing ordering. The modular stack allows you to reuse components without having to reinvent the wheel. It's like a collaborative ecosystem for this protocol that can interact. Developers can use any part of the puzzle that makes sense to them."
- Summit time: September 11th, 9:30-22:00
- Summit location: PARKROYAL COLLECTION Marina Bay Singapore
6 Raffles Boulevard
039594
According to BlockBeats news on September 11th, Wintermute co-founder Yoann Turpin participated in the "Future Bull Market Worth Paying Attention to" roundtable at the "Build For Miracle" summit jointly hosted by Metastone and BlockBeats today. He stated, "If investors want to filter asset targets by referring to the entry of new funds, they can consider what people can invest in. If you manage other people's money, you need to be able to explain why you are investing in Bitcoin, Ethereum, or other chains. From the perspective of a fund manager, this is much easier. We can call it the emerging economy of blockchain, such as Solana, Avalanche, and so on. They have enough liquidity to deploy capital. Basically, they have more room for growth than Bitcoin. So my filter is, as long as a fund manager can explain to the public what it is and what they are investing in, then you can think about which assets will have some momentum. Thank you. Of course, I think these are all good points. What I want to add is that in the foreseeable future, public blockchains will be a key element."
· Summit time: September 11th, 9:30-22:00
· Summit location: PARKROYAL COLLECTION Marina Bay Singapore
6 Raffles Boulevard
039594
On September 11th, Momir Amidzic, the Investment Director of IOSG Ventures, spoke at the "Build for Miracle" summit co-hosted by Metastone and BlockBeats. During the "Narratives to Watch in the Future Bull Market" themed roundtable, he discussed the concept of modular narratives in relation to the idea of sharing. With the development of blockchain technology, modularization is a natural step in technical evolution. Instead of viewing blockchain as a whole, it is thought of as independent categories of its main components, such as the execution layer, settlement layer, and DA layer. This has led to an interest in modularization from some decentralized finance protocols, which seek to increase their protocol sovereignty. However, Amidzic warns against the dangerous trend of exploring sovereignty roles and emphasizes the importance of maintaining an open mind towards different use cases. Additionally, he finds the development of Eigenlayer interesting as it allows middleware and infrastructure layers to utilize Ethereum's trust and create a trust network for POS systems. However, he cautions that careful consideration must be taken when adding new risks and security assumptions, especially for financial applications. The summit took place on September 11th from 9:30 to 22:00 at PARKROYAL COLLECTION Marina Bay Singapore, 6 Raffles Boulevard, 039594.
On September 11th, Jademont, founding partner of Waterdrip Capital, spoke at the "Build For Miracle" summit hosted by Metastone and BlockBeats on the topic of "Narratives Worth Paying Attention to in the Future Bull Market". During the roundtable discussion, he stated that, "We haven't invested too much money in the ZK field, but that doesn't mean we deny the value of ZK. In fact, I think ZK has a lot of potential and will be ubiquitous. However, the hype around ZK reminds me of 2017, when blockchain was a buzzword, just like ZK is now. At that time, you could say we launched many so-called blockchain+ products, such as blockchain+ agriculture, blockchain+ industry, blockchain+ AI, etc., no matter how you named it. But the fact is, most of them were nonsense. So in the current market, I see a lot of products named ZK+ something. I think most of them will disappear like they did five years ago. But ZK itself is very valuable. We can say that ZK is very important for the subsequent stages of blockchain. However, from my perspective, we need to wait for a clearer situation."
· Summit time: September 11th, 9:30-22:00
· Summit location: PARKROYAL COLLECTION Marina Bay Singapore
6 Raffles Boulevard
039594
On September 11th, Jademont, founding partner of Waterdrip Capital, spoke at the "Build For Miracle" summit hosted by Metastone and BlockBeats on the topic of "Narratives Worth Paying Attention to in Future Bull Markets." He stated that "shared modules are very important for developers in the crypto world because they save them time and cost. As we anticipate a significant reduction in crypto applications, we must reduce the cost and time of acquiring new customers and developers. However, there may be some unknown risks when you only want to save time or cost. If you are building an application from scratch, you understand every detail of the application when coding. But if you use shared modules, there may be conflicts or unknown risks. This is something we must consider."
· Summit time: September 11th, 9:30-22:00
· Summit location: PARKROYAL COLLECTION Marina Bay Singapore
6 Raffles Boulevard
039594
On September 11th, Yoann Turpin, co-founder of Wintermute, spoke at the "Build For Miracle" summit hosted by Metastone and BlockBeats. During the "Narratives Worth Watching in the Future Bull Market" roundtable, Turpin discussed the trade-offs that exist in building infrastructure, noting that more centralized infrastructure tends to be more efficient for organizational and resource purposes. However, he also stressed the importance of ensuring the success of blockchain in achieving its democratic goals and allowing for wider participation. Turpin cited Celestia as an interesting example of a return to the early days of Ethereum, where individuals can run their nodes on their laptops. He acknowledged that there are trade-offs in promoting the ideals of the industry while also considering performance. The summit took place on September 11th from 9:30am to 10:00pm at PARKROYAL COLLECTION Marina Bay Singapore, 6 Raffles Boulevard, 039594.
BlockBeats News, on September 11th, Wintermute co-founder Yoann Turpin spoke at the "Build For Miracle" summit, co-hosted by Metastone and BlockBeats, during the roundtable discussion on the topic of "Narratives Worth Paying Attention to in the Future Bull Market".
"In my opinion, I hope our position is approaching spring in a winter cycle, because there is new capital entering the market. Macro factors have been mentioned several times, and we see that inflation and inflation rates are important, but in reality the situation has stabilized. So the issue of cycles is more about what you think inflation and interest rates will look like. In fact, it is difficult for DeFi to experience another DeFi Summer under the same conditions, but I am very optimistic about this. Let us remember, especially in terms of investment, you can never be too early, but you may be too late. So it is best to start deploying before winter and summer, but the environment is more decisive in making the decision."
· Summit time: September 11th, 9:30-22:00
· Summit location: PARKROYAL COLLECTION Marina Bay Singapore
6 Raffles Boulevard
039594