Pinned
Dr. Z
867 posts
Dr. Z
@dr_zircuit
Joined February 2024
1/ I always question whether L3s can be significantly cheaper than L2s for users in terms of gas- A misconfigured oracle in a lending protocol can lead to: - Unexpected $7.6m stablecoin loss, and arbitrage bots draining pools - Pausing finalization of the affected chain to prevent damage - Debate on decentralization tradeoffs - A lot of effort to recover the funds Sounds
- When you revert a hack after it has happened, you are essentially choosing who takes the damage. The hacked LPs, or those who opened positions based on the hacked. Someone takes the damage. We don’t want hacks on @zircuit. But we also stop them before they happen in the first
- 1/ EIP-6780 coming with the Dencun update to Ethereum modifies SELFDESTRUCT so that smart contracts can destroy themselves only in the transactions in which they were created.
- 1/ This is the coolest product built with zk that I have seen ever. You can turn any physical objects into private keys! I asked for a repeat demo, because I had to take a video. Rough technical explanation in the thread
00:00 - Replying to @dakshgup and @dravishakatochOmg, this is so flawed. The highest potential to succeed is taken by startups that offer unique innovation, successfully solve scaling issues, have exceptional timing, take advantage of external driving factors, etc. Sorry, working 24/7 in a high pressure environment isn’t on the
- Replying to @dr_zircuit3/ If we don’t sustainably exhaust the block space on an L2, there won’t be a gas war on that network, and the gas prices for executing transactions should remain low
- 1/ This blog post on classification of ZK-EMVs by @VitalikButerin is becoming a classic. Let's go through it. vitalik.eth.limo/general/2022/0… Type 1: Fully Ethereum-Equivalent Type 2: Fully EVM-Equivalent Type 3: Almost EVM-Equivalent Type 4: High-Level-Language Equivalent
- 🪂 The Zircuit Fairdrop is here for @eigencloud holders and stakers! 🪂 This drop rewards participants who’ve supported Ethereum’s re-staking vision. All eligible wallets receive an equal reward—no matter the stake size! 💚 Here’s what you need to know 👇
- Replying to @dr_zircuit5/ Since there is no smart contract code on chain, this wallet doesn’t need to have the smart contract risk. There is nothing to hack. So unless someone can deploy the same wallet, which would require compromising the deployment process, the funds can’t be moved.
- Replying to @dr_zircuit4/ The other part that users pay for are data. But L3s post data on L2s that post that same data on L1s (or other DAs in case of validiums). The savings don't appear to be there either
- The Future Computing Research workshops by @DelendumV belong to my favourite events packed with deep research content. Jens Groth is giving a talk at this beautiful venue right now.
