The Daily Gwei

The latest /thedailygwei Refuel is ready for your consumption! ⛽

Today's topics:
- Home staker airdrops 🤔
- SNARK proving ASIC 👀
- Twitter vs Farcaster ⚔️
- and much more ➕

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https://youtu.be/SQvyqKKgbx0

Independent Ethereum educator, angel investor and advisor. 

Founder of The Daily Gwei.

If I understand correctly, you said that you're ok with a centralized EL if it's cheap to verify it
But it's still an issue due to liveness; downtime in financial applications can make you lose a lot of money.

Even if we have forced transactions, it's still a big unknown how we can exit a complex position from the L1

Developer and traveling web merchant.

The Magic Words are Squeamish Ossifrage.

I was referring to layer 2 execution layer not L1

To be clear, it's centralized block building :)

Liveness is not an issue because if any of the block builders go offline, another one just picks up the slack - if all block builders go offline, a validator can just build the block itself instead of outsourcing it.

I'm also worried about upgradeability; it's impossible to ossify enough an execution layer.
How can we keep making better EL without relying on some multisig?
Maybe with token voting? But if we do that, we're just building an appchain like Cosmos, where the token holder can decide the chain's state.