nick.sway
@IAmNickDodson
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CEO @fuel_network Builder of 1st/only* optimistic rollup on Eth :) The Rollup OS. Autonomy for all. Prev. #16 @ ConsenSys. Vitalik maxi.
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Joined January 2013
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Pinned Tweet
Today I will discuss why the FuelVM is the EVM but greatly improved and what this means for the future of blockchain.
#EveryComputationMatters
#BeyondMonolithic
👇
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If Ethereum censors transactions at the protocol level, I will start working on Bitcoin.
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When you send crypto to a friend you don't want to reveal your entire transaction history to them.
It's really that simple.
Cash does this. Banks do this. Tornado Cash does this.
Double standard.
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Ethereum is now the most secure DA layer in the world.
I’ve waited 8 years for Ethereum to start scaling, nice to see it’s finally happening.
Congrats fam.
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Idea: for every insane Ethereum Defi product you funnel your crypto into, please take ~%1 or less and contribute to some public goods on
@gitcoin
or another medium.
Pass it on.
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Today marks a pivotal moment for Fuel, our team, and the evolution of Ethereum.
Three years after launching Fuel V1, the first optimistic rollup on mainnet, we're proud to introduce Fuel, The Rollup OS for Ethereum - a purpose-built architecture that represents the culmination…
Mainnet 2024.
Three years ago, Fuel Labs redefined the rollup landscape with Fuel V1, the first optimistic rollup on Ethereum.
Today, we unveil The Rollup OS – a modular vision for rollup technology that will reshape the future of blockchain development.
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Gonna say this right now
The Ethereum community has to prepare itself for one or many of these "defi" products to blow up
With significant funds involved, it will wreak havoc on the Ethereum value for everyone (unfortunately IMO)
We have to build defences for this right now.
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The Fuel team did some hacking around DevConnect.
We built a working prototype of WebAuthn P-256 enabled native transaction signing (using account abstraction) live on Testnet.
No seed phrases, no install, biometric enabled!
Try it now:
A quick 🧵
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4844 may be one of the most important features for Ethereum.
It enables Ethereum to produce incredible throughput while remaining the ultimate settlement layer.
Node requirements remain low and decentralization remain high.
This is the true cypherpunk way.
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Everytime I read more about Ethereum 2.0 POS, I'm more impressed by the work done on Tendermint.
It's the gold standard in my books and has the evidence to back it.
@zmanian
@buchmanster
@cosmos
totally crushed it.
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It’s easy for ETH maxis like myself to take a shot at Solana right now.
Ethereum hasn’t ever really gone down like that, which has made it ideal for global settlement.
That being said, I’ll only feel comfortable taking that shot when Ethereum is regularly clearing 3k TPS with…
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Stop supporting new layer-1's.
Celestia + Ethereum is all you need.
A mass of execution layers will be available, all with different properties to chose from, ZK to ORU.
A clear pathway to hundreds of thousands of TPS.
Anything other L1s can do, we can do better 😎
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I'm so grateful Ethereum finally has a website I'd like to show people:
Modo: show people the future, not just stuff
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Fuel has no global state root.
Fuel has stateless monotonic predicates.
Fuel has atomic UTXOs.
Fuel is designed for introspection by other blockchains.
Fuel is Performant, State minimized, Interoperable and Moisturized.
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Still amazing to see proper generics in a smart-contract language that will eventually run on Ethereum..
Wild.
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@FueletWallet
@ModularDegen
@fuel_network
@Sprkfi
@ThunderbyFuel
Thunder is amazing.
Can’t wait to see this go live on mainnet 🫡⛽️
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We designed our VM as the end state for what the EVM could have been.
This incorporates multiple factors, from parallel processing, execution, state minimization, introspection and many other factors.
Low level VMs are not enough!
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I’ve given several talks about state growth recently, and seeing more discussions about the topic, I thought I’d do a quick overview of the problem and the approach we’re taking with Fuel.
🧵
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Remember, RPCs should not be trusted.
They are just companies relaying data.
Improving light clients and RPC verification should be at the forefront of the security agenda for Ethereum.
It’s a great product differentiator from other L1 chains.
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@BioBreakout
@juliaskripkaser
Have you been using Hydroxychloroquine 400mg or any other therapeutics?
I can provide references if needed.
The above is what has been standardized in Korea, given their severity rates, it's possible it might be helping.
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To mark the Ethereum birthday, I'll say this:
Don't shill Ethereum.
We either make it because we actually built a great system or we fail because we didn't scale the tech and find real-world use-cases.
This project was build on more than trader shills dispite what others think
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Fuel is agnostic to ZK or Optimistic Rollups.
Those are just arbitration configurations.
What matters is scaling Ethereum with parallel transaction execution, a VM and developer experience which can compete against any new layer-1 for a very long time.
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Predication:
Every L1 will pivot to rollups eventually.
It’s only a matter of time.
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Our new block explorer just dropped.
It’s still early days, but visualizing UTXOs on Ethereum has always been a challenge.
We are slowly figuring out how to crack that.
Fuel has a completely different transaction model, with inputs, outputs, scripts, predicates, and smart…
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Having multiple settlement, shared sequencing, execution, and external DA layers will end up being the ultimate expressive architecture for blockchain.
UX will be seamless.
It will enable far more interesting designs for developers to explore.
It will be as or far more secure…
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If Ethereum can hit a few thousand TPS with both pure rollups and some additional less secure external DA layer-2s.
I think we have a very good shot as a community at competing with much younger high throughput monolithic chains, on not just liquidity but scaling factor and UX.…
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One of the greatest parts about rollups on Ethereum is that you *don’t* have to build an EVM rollup.
The design space is wide open to build whatever kind of system your heart desires.
What Fuel aims to prove is that you can leave the EVM behind and still be an Ethereum-first…
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They don't need to release a seperate crypto hardware wallet, Apple can just turn Apple's secure enclave into key storage for all iPhones and integrate it with ApplePay.
My two cents.
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Polygon has great tech. We shouldn’t let a sequencer failure sour any reputation. It happens, bugs happen, it’s early tech.
I’m sure Fuel will experience similar events in our development, it’s just an unfortunate but necessary part of the learning process.
All the power to…
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Fuel API dry-run response times are now down to ~25ms or less.
Apologies for the fix taking a while.
@fuel_network
continues to grow stronger ⛽️
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Ethereum produces incredible value for planet earth with very minimal node requirements.
It’s extremely accessible to run and verify.
It’s truly a protocol for all humans, not just the G20.
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Dai and stable assets are one of / if not the current defaco killer application on Ethereum. It's magic to the user, joy for the trader, sanity for the merchant and efficiency for the exchange. Thank you
@MakerDAO
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Ethereum is apparently elitist for ensuring people globally can access and run full nodes to properly verify the chain.
How bourgeoisie of us.
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Fuel might not launch with hundreds of projects, but it will launch with at least 10 real projects.
🔪
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Fuel avoids having to merklize global state by using UTXOs.
Blocks are effectively tracking state diffs, that’s it.
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The sequencer failures of the past few days are a stark reminder that alternative VM architectures for Ethereum will be critical to ensure it can handle large scale transaction volume.
This is why we are building Fuel.
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Reminder: POS is largely a security upgrade not a scaling upgrade.
POS means we have more people validating/building blocks for ETH in more locations all around the world.
Which is arguably *more* decentralized than POW, which is the primary motivator for doing this ITFP.
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Ethereum is a public good. We need to fix/improve some incentive issues in the community, thats about it. Scaling is on the way, and a bright future is before us. This is about far more than the price. It's a global revolution in business process and programmable money. Believe.
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As 2020 comes to a close, I'm grateful for
@VitalikButerin
Ethereum has been an incredible part of my life over these past 6+ years.
It would never have happened without you and team taking the leap.
Here's to 2021!
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Pleasantly surprised to hear that Avail dropped to fuel-core.
It means a lot to drop to people who are trying to advance the Ethereum ecosystem, but don’t necessarily get much recognition in the space.
fuel-core will power thousands if not millions of rollups and layer-3s on…
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For all those worried about their Ledger and Trezor.
@ricmoo
solved this a long time ago with FireFly.
Open-source. Air gapped. 5 bucks. Mobile friendly.
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Introducing: Sway Playground [beta]
Sway now works in the browser 😎🌴
The
@SwayLang
ecosystem continues to grow stronger.
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The only project that excites me as much as Fuel is
@CelestiaOrg
It will bring us all closer to achieving truly decentralized blockchains.
Its design is simple and powerful.
Modular is here to stay.
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This is gonna be a big year for Fuel and more broadly, blockchain.
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I cannot express how proud I am to have the honor and privilege of working with the
#Ethereum
community. A special thanks to these people have shaped my 2017 thinking:
@niran
@VladZamfir
@izqui9
@kumavis_
@danfinlay
@ethereumJoseph
@MarkBeylin
@StefanDGeorge
@ConsenSysKirk
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Protocol level censorship is stopped by the social consensus of the community...
not the consensus algorithm (i.e. POS / POW).
The more religious the community is about anti-censorship, the more likely censorship resistance will be achieved in reality.
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UTXOs reduce processing hot spots for blockchain.
Jamming everything through statefully contentious smart contracts was never a good idea.
Global settlement and clearing requires state access lists which are essentially just UTXOs.
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One of the most monumental and colossal challenges the Ethereum community faces is the upgrade of the webpage. Clearly, no challenge, whether Casper, POS, economics, CS or physics is as great as the HTML code one must write for this page. No task. Period.
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Running and verifying nodes at home is what makes Ethereum a real decentralized network.
I’d highly recommend checking out systems like
@DAppNode
that make it that much easier.
This is how Ethereum wins.
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The conference organizer decided to, without asking me, plug-in a hard drive in my machine to grab my presentation.
Little does she know, I’m now gonna have to throw this laptop out.
Opsec ruined. Day ruined.
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Rollups should aim for the following:
- decentralized sequencing
- removal of or enforced delays on multisigs
- full permissionless fraud proving
- forced transaction inclusion
- full Ethereum DA
With the landscape of rollup OS’ shaping up, we can likely reach the above within a…
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I'll tell my kids about 2020.
The year of the great Ethereum gas crisis.
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Fuel enables intents via predicates.
You can do things like, make a UTXO spendable only when certain conditions are met by any party.
This is perfect for order book exchanges. But could be used in a general purpose way for a multitude of things.
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Fuel scales execution.
Parallelism, best in class atomic processing properties, predicates, UTXOs, native assets, native state rehydration, JIT, better use of existing database design, removal of global state roots, faster 64-bit VM.
All roads lead to Fuel.
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Introducing `ethjs`, a new set of tiny utility libraries for building dApps and apps on Ethereum: -- Happy New Year!
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I had a huge problem at DevCon:
If I ask for your telegram, do you show the QR or do I?
This lead to QR quick draw battles, where one person had to capitulate, it was horrible.
We really need to figure this out as a community.
#Ethereum
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Can someone please for the love of the Ethersphere create a $TSLA synthetic.
I don't care about the other stocks, I don't care about a platform, I just want that one synth.
Does this exist anywhere?
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Last straw.
I will no longer recommend Ledger.
Time to move on.
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I took 4 months off Crypto Twitter.
I'll spare you the details.
Summary:
- Focused improved greatly
- Blood pressure reduced
- Kept up with all updates through friends *trivially*
- I missed the community somedays, but generally it was extremely positive
My vote: exit Twitter
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A reminder that your phone, yes the one in your pocket, is actually a super secure crypto hardware wallet and you don’t need to buy a special third party phone for that.
Example A: Browser Based
Example B: App Based
@getclave
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As hard as you try, many things just lead back to Tendermint.
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A reminder that if you are building with WebAuthn or P-256 please checkout our TS library:
We will be maintaining and auditing this library.
It makes using Passkeys as simple as create, sign and recover for any blockchain!
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There is lots of tweets going around that we have enough scale and throughput already with existing L2's.
But this is only the situation in the *optimistic case*, especially during bear market usage.
During peak usage, it's a different story.
This is why we need to go modular.
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Fuel has complete account abstraction already.
We call it predicates:
It enables things like: multi-sig accounts, access control with a Solana, Cosmos or Ethereum keys, or atomic UTXO based order book exchanges.
Settled on Ethereum, paid for with ETH.
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One of the main reasons why I joining the Ethereum community was because of its ability to hear out what other different opinions were, and have it "actually educate and influence" its views, approaches and technology. Retaining this spirit 4 years on will take work and vigilance
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Arbitrum is in-part proving the modular thesis, that it's in fact execution layers we need, not new layer-1s.
Serious hats off to the team, excited for the day Multisig disabled and full Ethereum security inherited.
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Blockchains are complex systems, but this doesn’t mean that’s a bad thing.
Much of the internet is designed in layers, but the end user would never know that.
The community is experimenting with rollups, this is good, blockchain is maturing.
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There will be thousands, if not millions of rollups.
Value will flow freely across all of them through trust minimized bridging via DA introspection, shared sequencer message passing, and shared value bridges.
A world of rollups is coming, are you ready anon?
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Execution is now the bottleneck.
The time for Fuel is now ⛽️😎
EIP-4844 has removed DA as the primary bottleneck for rollups...
Now the attention switches to scaling execution 🚀
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Ethereum is not represented in the news around crypto. We are shamed, laughed at, scorned and told what we are doing is not worth anyones time. Crypto publications don't like us, and because we lost EthNews we don't have a positive Eth outlet
@MolochDAO
@VENTURE_DAO
I summon you
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My prediction for the new decade: Ethereum will actually begin to touch the lives of everyday people on the street. Lower transaction fees, better stability and more programability than most money. We will truly provide a peer-to-peer electronic cash system for the masses.
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Today I'm releasing what I believe is the smallest EIP712 compliant Multi Signature Wallet for the Ethereum Virtual Machine (311 bytes), check it out here -- ..feedback welcome and more to come! -- it was written in near raw assembly using Yul, enjoy :)
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[Insert ETH supply joke here to attempt to undermine Ethereum's net progress]
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Excited to speak soon on real-time blockchains
@token2049
Ill propose a regional block building system which improves atomic synchronous composability potential for rollups.
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Fuel can run as a L1, side-chain or optimistic rollup.
As a modular execution layer, it's designed to be flexible, portable and fraud provable from the start.
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We need far more audits of --
@MolochDAO
I summon you to demand more audits of their V2 system. If goes down, we all suffer.
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For me, 4844 is about capacity not lowering fees.
It’s more space to work with, if fees are lower that’s a nice bonus.
Also, we will now be one configuration away from 16mb per block 😎
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Guys, let's all just abondon ETH.
There is too much supply.
Let's just shut it down.
@peter_szilagyi
archive `geth`,
@VitalikButerin
use the master key.
Let's just use Bitcoin scripts...
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I've been seeing a lot of Solana talk around the Ethereum community recently..
@fuellabs_
brings **Solana scale to Ethereum**
...without sacrificing decentralization.
Fuel is inherently designed for parallel processing and optimized for low-level high performance computing.
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The FuelVM provides a huge amount of these execution layer benefits without having to leave Ethereum.
Modular execution layers allow for this level of throughput but with the security guarantees of Ethereum and/or Celestia.
TLDR don't build more L1's.
The execution layer is much harder than consensus, which is “relatively simple,” says
@aeyakovenko
. On The Chopping Block, he talks about why he doesn’t look at Avalanche or BSC as Solana’s primary competitors, but Aptos & Mysten.
Watch the full episode:
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Speaking at the Submarine stage in 15 minutes at
@EthereumDenver
Dropping some hot research alpha you don’t want to miss.
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@LoganJastremski
It is when your talking about a real blockchain and not a federated server network.
One of Ethereums biggest technical differentiators is accessible node requirements.
It’s genuinely the ultimate cypherpunk chain, which is a big reason why it will continue to be so valuable.
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