1. Abstract Landscape of Chains: Categorization, Hierarchy, and Complete Implementation
In 2024, the vertical domain of abstract chains is experiencing exponential growth, with teams across the industry striving towards a common goal: simplifying the Web3 user experience in a multi-chain, fragmented ecosystem. The fragmentation of blockchain is deeply ingrained at the technological, economic, and cultural levels. Therefore, the complete implementation of chain abstraction cannot be achieved through a single universal solution. Even in the early stages of this technology, it has become evident that there are various standards, methods, and understandings of chain abstraction, all of which address different friction points across chains.
2. a16z: 8 Challenges in Blockchain Mechanism Design
A deep dive into a field teaches you to recognize that the problems that arise in the real world are nothing more than poor disguises of problems that have already been properly solved. For example, when I teach the fundamentals of algorithms, students learn how to identify problems that can be reduced to shortest path computations or linear programming.
3. Coinbase: Understanding EigenLayer AVS Pattern in One Article
EigenLayer is an Ethereum-based protocol that introduces the concept of re-staking, which is a new primitive in cryptographic economic security. Essentially, EigenLayer consists of a series of smart contracts that allow users to choose to “re-stake” their staked ETH or liquidity staking tokens (LST) to bootstrap new Proof-of-Stake (PoS) networks and services within the Ethereum ecosystem, thereby obtaining additional staking rewards/returns.
4. How to View the Current Chain Narrative and Its Future Development
In the current stage, the chain narrative, or the narrative of mass adoption, can be observed to be doing one thing – wrapping various complex underlying operations into something simple and user-friendly, like layers of an onion.
5. The Impact of Uncontrolled US Debt on Bitcoin
At first glance, the proportion of US debt to GDP may not seem so dire on a global scale. In 2023, this figure was lower than the average level of the Group of Seven (G7) countries (123%) and less than half of debt-ridden Japan, which had a debt-to-GDP ratio of 255% in 2023.