delta
@deltadotnetwork
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A new type of permissionless network https://t.co/85F0USlT9f
Joined January 2023
Stop Optimizing Blockchains In this episode of Deeply Intents (🎙️, 🎧), I chat with @spjoleh founder and CEO @deltadotnetwork. This is an amazing conversation that touches on blockchain architecture, design philosophy, and product strategy. [sponsored by @anoma] In this
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“In a rollup-centric system, the role of the base layer is to act as a decentralized trusted third party between rollups to enable interoperability between them.” Couldn’t agree more with my friend @0xkrane, and existing base layers in their current form simply don’t do enough
Given all the conversation surrounding @drakefjustin's proposal for the ZK era of Ethereum last week and @0xdoug's tweets about a zkevm-ified ETH 3.0, we thought we'd post a sketch of what a "purpose-built" base layer for a rollup-centric ecosystem might look like:
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With native rollups, users actually inherit base layer security and interop can be trustless + fast But they also strip developers of the control and economics that make independent rollups so attractive! On @deltadotnetwork, devs and users will get the best of both worlds:
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delta fixes this
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Our third trilemma is about sharding. Can we scale blockchains without it?
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Our second trilemma is basically what a lot of newer-gen L1s/L2s aim to solve. Cosmos was ahead of its time, but ultimately does not get around the trade-off of control and connectivity. Btw not using “sovereignty” because it’s a terrible term in this context
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The real scalability trilemma is laid out in this article. Obviously the goal should always be to reduce unnecessary complexity. In practice, this is not the tendency we typically see in the space
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There are a ton of high-level similarities between delta and the way git works -- here our CTO @iorulezz succinctly lays out the parallels Well worth a read 👇
Using git's workflow as an analogy for [delta] 's @deltadotnetwork >>> >>> >>> git commit -m "delta workflow" >>> >>> Let’s assume there’s a project whose master branch [account state] lives in a monorepo [single state]. A developer [server as domain operator] writes code
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If you want to dive deeper, our founder and CEO @spjoleh and Head of Product @MylesOneil recently went on the Bell Curve podcast hosted by @MikeIppolito_ You can see that here:
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If you want to dive deeper, our founder and CEO @spjoleh and Head of Product @MylesOneil recently went on the Bell Curve podcast hosted by @MikeIppolito_ You can see that here:
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Finally, the asymmetry of credits and debits in fact means that we can restrict the validators to run what is technically speaking a consensusless protocol in which there is no ordering at all. This is a huge unlock 🔓
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In delta, settlement takes place directly by validators verifying zero-knowledge proofs that the global (and possibly local) laws were satisfied — the base layer is not programmable, and there are no smart contracts.
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They can additionally choose to implement local laws which promise their users that all of their execution will comply with the constraints they define (e.g. that they will prove the full execution path)
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Domains have to follow certain global laws, which ensure consistency and security against misbehaving domains.🦹
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A delta account can only spend through its currently associated domain, although it can receive funds from anywhere. 💸🤑 This asymmetry is core to the delta design and enables the orderless base layer (see further down👇)
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Users, assets, and domains are all connected to each other by being tied directly to the base layer 🛜
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delta consists of a base layer run by a permissionless validator set, and domains, which are execution environments processing user transactions 🖥️
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Here is the first article in a series on the technology underlying delta https://t.co/5wFTGhNyB7 This article is itself an overview, so we will only briefly summarize the key points below 👇
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New Bell Curve is LIVE with @spjoleh and @MylesOneil This episode was a deep dive into Delta's unique architecture. We covered: - Delta's state model - Consensus, settlement assurances and TTF - ZK settlement - How a consensusless blockchain works - Token value accrual and
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