2/ I joined Coinbase in early 2017 — 6 years ago and 6 months after @brian_armstrong wrote the Coinbase Secret Master Plan for creating an open financial system for the world.
1/ Quick post-@EFDevcon update on EIP4844 (10-100x cheaper rollups).
TL;DR the effort came in with a bunch of momentum, ran multiple high impact working sessions during the conference, identified a few small spec changes, and is moving full speed ahead on implementation.
2/ Reminder: EIP4844 will drive 10-100x fee reductions and higher transaction throughput for layer 2 rollups. It does this by introducing data availability to Ethereum in the form of "blobspace", which is purpose built for rollups.
Excited to share @coinbase’s latest thinking on protocols — TL;DR we believe they are a critical part of the cryptoeconomy and will be integrating them deeply as well as supporting their development.
Quick 🧵 on what this means and how I’m involved
blog.coinbase.com/embracing-dece…@coinbase To define “protocol” - a protocol is a new web3 application that allows people anywhere in the world to transact directly with each other. For example, @compoundfinance lets people borrow and lend with each other and $USDC lets people transact in a dollar denominated currency.
