Yeah I'm not yet savvy enough to confidently sift through the presentations of technical advances, how much of it is lip service for investors who are vetting for "active development", etc.The basic idea of distributed ledgers, merkle trees etc is kind of interesting, but all the endless explanations of the obscure tweaks to fractally niche details of different coin technologies that you get when crypto nerds need convince themselves / others that they're making some sort of big-brain moves and not just buying magic beans are boring as fuck. It's like five-year-old giving you a three hour explanation of all the made up details of all their imaginary friends. It's like excruciatingly bad fanfiction for economics. Horrifying.
Yeah I'm not yet savvy enough to confidently sift through the presentations of technical advances, how much of it is lip service for investors who are vetting for "active development", etc.
But my understanding so far of ZKSnarks and Optimistic rollups are that they address the sheer volume of computation being done, which may enable more network activity without each node carrying such a burden. I think a lot of it boils down to storing records of compressed/hashed records, rather than just the plain transaction history in all its bulkiness - too much to have each node remember.
Maybe it can be likened to funneling some of the ledger data into a sort of cold storage, where transaction history can be accessed by unhashing some of the data on the main chain, rather than just having everything on the main chain. Pretty sure "optimistic rollups" are about assuming that the transaction data is accurate, putting the burden of proof on anyone who calls into question the legitimacy of a given pending transaction or set of pending transactions.
Broadly it seems to be able designing a more and more computationally efficient infrastructure for blockchain applications, and I'm not sure how much of this is open-source. Much of the zero-knowledge cryptography discourse is open source, I gather.
he means its boring. and its for nerds.