Like I mentioned on LinkedIn a couple of weeks back, Dencun/4844 was Ethereum’s broadband moment. The blob transactions enabled by that hardfork network upgrade enabled a new type of storage space for unstructured data. Very soon after this change, we saw transaction prices on Layer 2s, like Arbitrum, Base, and Optimism drop significantly, often over… Continue reading What about L3?
Tag: privacy
We’re on the telnet stage of blockchain
Much is being discussed on Twitter and Reddit about the censoring of transactions on Ethereum. As can be seen on MEV Watch, around half of all blocks, as of right now, follow the OFAC recommendations, censoring transactions against Tornado Cash and similar. It doesn’t take much imagination among Ethereum haters and Bitcoin maxis to declare… Continue reading We’re on the telnet stage of blockchain
What Tornado Cash makes clear
I’ve been in the financial services sector since around 2008, and at some point I was directly involved in the technology used as part of a banks regulatory reporting requirements. The amount of efforts needed in a bank to perform KYCs, AMLs, and trade reporting in general is immense. We might all like to hate… Continue reading What Tornado Cash makes clear