devcon 5 / optimistic execution putting the internet on ethereum
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Optimistic Execution: Putting the Internet on Ethereum
Duration: 01:31:16
Speaker: Karl Floersch
Type: Breakout
Expertise: beginner
Event: Devcon
Date: Invalid Date
Ethereum can serve as an arbiter of trust for the entire internet. To make this a reality we'll have to scale. Our best bet to scale is constructing a comprehensive layer 2.What do plasma, state channels, optimistic rollup, & ETH2 have in common? Optimistic execution! Or in other words, they each make inferences about future Ethereum state based on local information--think fork choice on top of a state machine. Using this concept we construct the Optimistic Virtual Machine (OVM), baking inference logic directly into wallet & application software. In this talk we discuss how the key role trust will play in the internet--from DeFi to timestamping--and how we can build the underlying infrastructure to support internet scale. These are exciting times for blockchain infrastructure. Now we just need to solve identity & UBI -- easy!
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