Time for a big thread about Application Specific Rollups (like @loopringorg) + General Purpose Rollups (like basically everything else) 🧵
On how they often get lumped together, even though they couldn't be more different, and how they are complimentary not in competition👇
On how they often get lumped together, even though they couldn't be more different, and how they are complimentary not in competition👇
In 6months-a year, you're going to hear non-stop about #zkEVMs
They really are the endgame for Ethereum scaling on L2 + I couldn't be more excited for this💜
But this often leads people to believe that App Specific rollups will be left behind - this couldn't be more wrong
/👇
They really are the endgame for Ethereum scaling on L2 + I couldn't be more excited for this💜
But this often leads people to believe that App Specific rollups will be left behind - this couldn't be more wrong
/👇
General Purpose L2's on #Ethereum - like Optimism, Arbitrum (OP rollups), Scroll, Polygon + Taiko (#zkEVMs) - are all trying to do one thing (in different ways):
Basically, reproduce Ethereum, but on a faster + cheaper L2 environment, still tied to Ethereum L1 for security
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Basically, reproduce Ethereum, but on a faster + cheaper L2 environment, still tied to Ethereum L1 for security
/👇
If successful (I am confident #zkEVMs will be😁), this will be great for #Ethereum
Ethereum, as it is today, will all move to Layer 2, and Ethereum will be a viable option to power all of #crypto all in one place
There will be no need for competing L1s ("ETH Killers")
/👇
Ethereum, as it is today, will all move to Layer 2, and Ethereum will be a viable option to power all of #crypto all in one place
There will be no need for competing L1s ("ETH Killers")
/👇
But what about Application Specific "rollups" (like @loopringorg)
I think calling them all rollups confuses people, because it somewhat implies they are all trying to do the same thing
They are not - they compliment eachother, they do not compete with eachother
/👇
I think calling them all rollups confuses people, because it somewhat implies they are all trying to do the same thing
They are not - they compliment eachother, they do not compete with eachother
/👇
General Purpose rollups are trying to reproduce Ethereum on L2 - they are for devs to build apps on
App-Specific rollups are completely different - they are like complete, vertically integrated super apps/ecosystems
They are for end users to experience the power of crypto
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App-Specific rollups are completely different - they are like complete, vertically integrated super apps/ecosystems
They are for end users to experience the power of crypto
/👇
If/when General Purpose rollups (likely #zkEVMs) are successful on #Ethereum L2 + bring all of Ethereum to L2..
I actually envision a world where almost all of the biggest applications in the world - like the Twitters, PayPals, Ubers, etc - all become L3s on top of #zkEVMs
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I actually envision a world where almost all of the biggest applications in the world - like the Twitters, PayPals, Ubers, etc - all become L3s on top of #zkEVMs
/👇
.@loopringorg for example, is trying to be one of these super apps - a one stop shop for all things crypto - decentralized finance (#DeFi) + #NFTs in one place for the end user
Finally bringing the meme of "Being your own Bank" to reality💙
This could become reality on L3
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Finally bringing the meme of "Being your own Bank" to reality💙
This could become reality on L3
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If you want to build a #Web3 super app, harnessing the power of #crypto for the world, you will have a choice:
✅ build it directly on Ethereum L2 - on top of a general purpose rollup - fast + cheap option, but it won't be optimized for your specific products / applications
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✅ build it directly on Ethereum L2 - on top of a general purpose rollup - fast + cheap option, but it won't be optimized for your specific products / applications
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OR
✅ build a vertically integrated super app on L3 - inside your custom made rollup that can be highly optimized + customized for your specific products / applications
These rollups can submit their proofs directly to L2 instead of L1, making them even faster + cheaper✨
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✅ build a vertically integrated super app on L3 - inside your custom made rollup that can be highly optimized + customized for your specific products / applications
These rollups can submit their proofs directly to L2 instead of L1, making them even faster + cheaper✨
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This also gives Web 2 companies a chance to come to #Web3 - the next frontier
Most of Web2, if they want to compete in the future, will want to be a part of #Web3, and will want an environment that is highly customizable + optimizable for their end users
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Most of Web2, if they want to compete in the future, will want to be a part of #Web3, and will want an environment that is highly customizable + optimizable for their end users
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This is where application-specific rollups shine
@loopringorg has already proven this with @GameStop / @GameStopNFT , helping power their new thriving NFT Marketplace
I expect many more big names to follow suit into #Web3 - and most won't want to build their own rollups💙
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@loopringorg has already proven this with @GameStop / @GameStopNFT , helping power their new thriving NFT Marketplace
I expect many more big names to follow suit into #Web3 - and most won't want to build their own rollups💙
/👇
So in conclusion👇
While everyone is talking about general purpose rollups + scaling #Ethereum on L2
Try not to forget about Application Specific rollups - they are just getting started also
I am extremely excited for the future of both💙💜
/👇
While everyone is talking about general purpose rollups + scaling #Ethereum on L2
Try not to forget about Application Specific rollups - they are just getting started also
I am extremely excited for the future of both💙💜
/👇
General Purpose rollups (likely #zkEVMs) are going to be the endgame for #Ethereum scaling through L2
They will take all of Ethereum to Layer 2 - making Ethereum THE place to be for all things crypto (DeFi, NFTs, DAOs + every other future use case)
No other L1s needed😎
/👇
They will take all of Ethereum to Layer 2 - making Ethereum THE place to be for all things crypto (DeFi, NFTs, DAOs + every other future use case)
No other L1s needed😎
/👇
App-Specific rollups (like @loopringorg) will likely live on L3, creating vertically integrated, end-user focused super apps
End users will eventually not even realize they are using crypto - all of this should be abstracted away
Creating a Web2 user experience on #Web3
/🙏
End users will eventually not even realize they are using crypto - all of this should be abstracted away
Creating a Web2 user experience on #Web3
/🙏
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