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Jarrod Watts Profile picture
@jarrodwatts
Nov 7 • 1 tweets • 1 min read • Read on X
Ethereum's next major upgrade, "Fusaka" goes live in under a month.

Its core feature, called PeerDAS, lets nodes store only parts of each blob instead of the entire thing.

This lets Ethereum scale to more blobs per block.

More blobs → cheaper DA → cheaper L2 transactions. Image

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More from @jarrodwatts

Jarrod Watts Profile picture
Dec 1
Ethereum’s next major upgrade, “Fusaka”, goes live in less than 48 hours.

I read all 13 EIPs being included so you don’t have to.

So, here are 13 tweets (with diagrams) to explain the 13 upgrades in simple terms: 🧵 Image
1/ EIP-7594: PeerDAS

PeerDAS scales blobs - the data type L2s use to post transaction batches to Ethereum.

It introduces “sampling” - each node only stores some of the blob data instead of all of it. This lets Ethereum increase blob capacity per block without bigger nodes. Image
2/ EIP-7892 - Blob-Parameter-Only (BPO) forks

BPO forks allow Ethereum to increase the amount of blobs per block over time without requiring a hard-fork.

Blob capacity will double after a month, and increase gradually over time from 6 per block -> 128 per block. Image
Read 14 tweets
Jarrod Watts Profile picture
Dec 10, 2024
AI Agents have now reached over $10 billion in market cap.

So, are AI agents the next big thing, or just another way to pump tokens?

To find out, I spent the past few weeks learning about how AI agents work under the hood.

Here’s what I learned:
Initially, I was very sceptical about AI “agents”.

“Sure bro, an AI decided to launch a token and start shitposting about it on Twitter…”

I dismissed it as another short-term narrative built to pump tokens.

However, the tokens & tweets are a small part of AI agents.
Let's start with the tokens since that's why most of you are here.

AI Agent tokens typically fall into two categories:

· Governance tokens that let holders influence the project's direction (ai16z)

· "Attention" tokens - essentially ways to speculate on an agent's popularity
Read 16 tweets
Jarrod Watts Profile picture
Nov 22, 2024
Ethereum block production is extremely centralized.

95% of Ethereum's blocks are made by 2 entities, leading to the potential for transaction censorship.

EIP-7805 introduces FOCIL, a way to preserve Ethereum’s censorship resistance.

Here’s how it works: 🧵 Image
Justin Drake's Beam Chain proposal includes 9 major upgrades.

Upgrade #1 is to improve censorship resistance.

But why? Isn't Ethereum meant to be decentralized?

Let's quickly cover how the block-building process has evolved to where it is today. Image
By staking 32 ETH to run an Ethereum validator, occasionally, you get to propose the next block in the chain and get rewarded.

In theory, this means block creation would be decentralized amongst the validators.

So, how do 95% of Ethereum blocks get made by 2 entities...? Image
Read 13 tweets
Jarrod Watts Profile picture
Nov 19, 2024
Beam Chain was the biggest announcement at Devcon, introducing 9 major upgrades for Ethereum.

But most people still don’t understand them...

So, here are 9 tweets to explain the 9 upgrades: 🧵 Image
Beam Chain is Justin Drake's proposal to redesign Ethereum's consensus layer (CL).

Before we dive into the specific upgrades, I'll briefly overview what the CL actually is.

Each Ethereum node runs two components:
1/ Execution Client
2/ Consensus Client Image
The consensus client is what nodes use to “agree” on what the next block in the blockchain is.

You can stake 32 ETH to add a third component, a “validator”, to earn rewards for proposing new blocks via the proof-of-stake algorithm. Image
Read 17 tweets
Jarrod Watts Profile picture
Oct 22, 2024
Abstract just announced Panoramic Governance.

It is a proposed way to reward both the users and app developers bringing the most value to the chain.

Here's how it works (in simple terms) 🧵 Image
Panoramic Governance (PG) consists of two parts:

1. Activity Driven Loop
2. Emissions Driven Loop

(1) Incentivizes users for their active participation.
(2) Provides rewards for the best app builders.

(1/12)
Before we dive into these two parts, we need to first understand how L2s work today.

A critical component of each L2 is the sequencer.

The sequencer is responsible for both:
- Processing all L2 transactions.
- Posting transaction batches to Ethereum L1.

(2/12) Image
Read 13 tweets
Jarrod Watts Profile picture
Aug 16, 2024
Account abstraction is finally gaining the traction it deserves over the past few months.

So, why not build it natively into the protocol?

That's exactly what @AbstractChain is doing... and I spent the past week learning about it.

Here's exactly how it works (a thread): Image
As a quick recap, account abstraction enables the use of smart contracts as wallets (as opposed to EOAs).

It provides a standardized way for smart contracts to act as a wallet and handle transactions.

EOA: public/private key pair.
Smart Contract: any valid EVM code.

(2/24)
The way it works on Ethereum is by having two separate mempools (waiting areas) for transactions.

These are:
1. Regular transactions submitted via EOAs.
2. UserOperations (a new type of pseudo-transaction that smart contract wallets can handle).

(3/24) Image
Read 24 tweets

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