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Filip Siroky
@fisiroky
2024 is the year when certain L2s become faster (~100ms), cheaper (<$0.0001/tx) and more secure (verified by Ethereum and EigenDA) than every L1. Here's why:
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Filip Siroky
@fisiroky
Speed: even the fastest integrated L1s have >500ms slot times because the validators of the chain need to reach some level of consensus. L2s can reach ~100ms slot times by using centralized sequencers or decentralized sequencers with preconfirmations.
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Filip Siroky
@fisiroky
The other ways how L2s are getting faster are by improving the latency of state access, using parallel execution and mitigating the state growth problem.
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Filip Siroky
@fisiroky
Cost: In order for the system to work longterm, the following equation must hold: tx value for user > tx cost for user > tx cost for blockchain > tx cost for validators of the blockchain.
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Filip Siroky
@fisiroky
The issue with L1s that the more validators you add, the higher the cost per tx and the lower the tx throughput of the network you get. However, EigenDA works the opposite! The more validators you add, the higher the total tx throughput and the lower the cost per tx for L2s.
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Filip Siroky
@fisiroky
The data throughput of EigenDA grows linearly with the number of validators. EigenDA today could support a >500,000 TPS L2 (assuming 100MB/s throughput and the avg consumption of 200B/tx).
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