Not sure I have ever been as productive in my life as in the last ~10 weeks: An extremely challenging yet worthwhile goal. The crazy progress of AI coding and heavy use of it. A very small team, world-class skills, and now the ability to multiply output thanks to AI. The result is @etheconomiczone — with a live devnet already: eez.dev. What is this? It will be: a) A new rollup that is fully composable with Ethereum. This means you can do either cheap transactions on this chain that only interact with contracts on this rollup, or more expensive transactions (similar to L1 costs) that can interact in a fully composable way between L1 and L2. So, for example, if you trade on this rollup, the routing can dynamically decide to use only L2 liquidity for a small trade, or for a larger trade — where the extra gas costs are worth it — to use both L2 and L1 liquidity. b) A whole framework that will allow new rollups, as well as existing L2s and sidechains (yes @gnosischain!!) to integrate into this “(Ethereum) economic zone.” Imagine: one could make a trade today simultaneously using Ethereum liquidity, but also Arbitrum, Base, or all the other L2s. This is what EEZ will allow. Now, let’s talk about the tech: Essentially, there are two core concepts that make all of this possible: 1) Proxy contracts 2) Real-time proving 1) Proxy contracts are basically a way to overcome the challenge that ~99% of all contracts are written in a way that only deals with addresses from a single chain. For example, a token or an NFT can be sent to an address, but not to an address on a specific other chain. Proxy contracts fix this. An address “A” on chain “n” will get a deterministic proxy representation, “A*”, on all other chains. So now, if, for example, A is a DAO on Ethereum and it should control, say, a fee switch in contract D (a DEX) on another chain, this can easily be done by setting A* as the owner of D. A (the DAO), on the other hand, can now call D* (the proxy representation of the DEX contract D) on Ethereum. All the cross-chain message passing in between is abstracted away — the contracts just call another contract and do not realize it is actually on another chain. 2) Real-time proving The proxy design already addresses the problem that there is no widely supported cross-chain message-passing standard in EVM land. So it alone would already be helpful for asynchronous calls, or better, calls that do not expect or require a return value. However, this would still not quite bring us to “synchronous composability.” Imagine a DEX trade: you do the first part of the trade on L1 and the second part on L2. You want to know the result of the second part — and if it did not get you the expected amount, you want to be able to revert the first part. This requires the call that triggers the DEX trade on L2 to have a return value. This was long assumed to be impossible - but with real-time proving, it no longer is. Basically, because Ethereum blocks are only produced every 12 seconds (and this would still work with, say, 6 seconds), that is now long enough to build and prove the L2 block that contains, for example, this L1→L2 DEX trade. If you want to learn more, don’t miss the talk by @tw_tter and @jbaylina on Tuesday at @EthCC! Let’s make Ethereum ONE again!

.@getrebind offers the best EUR account on-chain. EUR on/off ramping for free. EUR yield up to 5%. EUR card (powered by @gnosispay) up to 5% cashback. Great UX.

.@gnosispay is evolving into a infrastructure project that tried to give partners everything they need to offer a great crypto card. If you are a direct GP user you can continue to use your card e.g. via our partner @getrebind

👀

.@Trueo_ just moved from Base to mainnet - trading fast blocks and lower fees for "higher integration potential" and deep liquidity. With EEZ @etheconomiczone you can have BOTH. Be on a cheap and fast L2 and STILL have full composability with L1! Dapps that want to try an early devnet can reach out now!

Amazing engineering and it has a clear purpose: scaling Ethereum without fragmentation!

You don’t fully grasp how much of your life is tracked until you’re sitting in a courtroom, watching federal prosecutors use your digital history against you, down to your most harmless Google searches. Your entire life becomes an open book, and even your most innocent actions can be twisted into something sinister. They get to tell the most damning version of your story. To tell yours in your own words, you have to take the stand.

Yes, you are heavily underestimating Ethereum's Glamsterdam upgrade. The gas limit increase to 200M means that Ethereum could theoretically already handle Base's average activity over the last few months (~16.7 Mgas/s). While we're not targeting that initially, there's lots of headroom for further increases in the months after Glamsterdam. IMO, this will strengthen Ethereum's role as the main DeFi hub, especially since scaling doesn't stop here. In combination with @etheconomiczone, it will also become the liquidity hub for L2s, bringing even more activity back to mainnet. @DeriveXYZ and others are already preparing their products for Ethereum season. Higher and faster.

An EEZ L2 will probably pay 100x of that to Ethereum. Not because it’s more expensive to run an EEZ chain, but because you get so much more out of Ethereum. It is not just something you “anchor” to once in a while, but something you transact with constantly.

We got an important step closer towards unified liquidity between L2s and Ethereum via @etheconomiczone. Here is a @CoWSwap trade settled on L2 while using liquidity from L1. Bridging tokens out and receiving other tokens back all happens atomically! Public testnet soon!

Corpslop and layers of abstraction that dissolve all personal responsibility are how evil hides.

Starting to think it’s not obvious whether we should want the US or China to win the AI race.

If Bitcoin gets out of control, we can just unplug the servers. Really?

Don’t get fooled by a cashback program that you pay for directly through an unfavorable FX rate. On @gnosispay, 1 EURe == 1€.

Only on @CoWSwap — if you submit an order, 20+ solvers will compete and try to squeeze out the last penny for you by finding the wildest route to settle your trade.

WE'D LIKE TO BUY THE WORLD, SOME TIME...

There are currently zero things more important than "don't die to AI" becoming a bipartisan project rather than a Democrat-polarized issue. If you have any political capital you can spend on this, do it now, I beg of you. Life or death.

Bermuda is launching! A project I have been advising for a while. It’s the first privacy solution that works fully with @safe. You can have funds in a privacy pool truly controlled by a Safe, meaning that if you can access or recover the Safe, you can access those funds as well!

Maybe with 3D modeling and software development becoming so cheap, someone can finally build something interesting for the Apple Vision Pro, which I probably haven’t touched in a year because there is basically zero content.

Many things are unclear about how they will play out with AI. But there is one thing I have 100% confidence in: THERE WILL BE NO ALIGNMENT. Meaning: there will be powerful agents that care about nothing other than their own survival and increasing their own power. The best we can hope for is that at least some agents are, in some form, aligned with some of us.

.@fileverse how are you guys doing?