Behind the Chain Seminar Review: How do top L1 and L2 developers and leaders view scaling, privacy and security?

Original source: Behind the Chain webinar

On November 13, 2020, the first Behind the Chain webinar hosted by Sperax came to a perfect conclusion. The in-depth conversations between developers from many internationally renowned projects have made the community look forward to the future development of blockchain and decentralized finance (Defi).

Behind the Chain 2020 brings together senior developers from Layer-1 and Layer-2 projects, Founders, CEOs, CTOs, and students from university blockchain clubs. Everyone had a wonderful discussion on a series of topics such as the scalability of the bottom layer, the special relationship between decentralization and privacy protection, the application of stablecoins, and the next wave of industry innovation.

The following is the transcript of this event, you can click on the video at the end of the article to view the live video review of this event.

Scaling Layer-1

opening " Bottom layer expansion (Scaling Layer-1) " Workshop, moderated by Jacob Libenson of the Berkeley Blockchain Club. In the workshop, Joe Yu from Sperax, Alex Mizrahi from Chromia, Luca Cosentino from Oasis Foundation and Tyler Smith from Avalanche discussed the utility, flexible differentiation and parallel blockchain activities brought by the current use of different blockchain consensus algorithms In-depth discussion on the benefits of the blockchain and how future projects can continue to solve the trilemma of blockchain scaling .

What do guests think about multi-chain design sharding and ZK-Rollup scalability The combination?

Summary of the golden sentences discussed by the guests on this topic:

“What we want to do is not just a single implementation of the user control network, but the ability to make data follow the user all the time. We do this not only because it is the right thing to do, but because the company and the user will have enough motivation to collaborate on data.” Luca Cosentino, Oasis Foundation

Luca said: "We believe that the blockchain space should be interoperable, and the blockchain space will become more There is no point in competing with other players."

In addition to the competition issue, Tyler also expressed his views on the long-term expansion problem: "I think the final expansion The limitations of the blockchain will be solved by this generation of blockchain... Frankly speaking, I think this problem is more of an engineering problem than a fundamental problem."  

Decentralization, security and privacy

Next, Tor Bair from Secret Network hosted a workshop on the topic of "Decentralization, Security and Privacy". Ocean Protocol's Bruce Pon, Agoric's Dean Tribble, and Matter Labs' Alex Gluchoski weigh in on the interplay between privacy and transparency, and explore one of the hottest UX debates of the day: how projects should Prioritize privacy while maintaining scalability? How important is user experience in this process? And how can Web3 resist surveillance capitalism?

Bruce Pon doesn't think privacy changes in the Web3 world are what we want, but the process changes what was previously hidden thing.

In this regard, Dean Tribble also expressed his views on people's default expectation of privacy protection: " One of the things I want to see the platform give us is that privacy becomes a default expectation. Those who mostly don’t care about privacy just don’t know the consequences of losing it.”

 In blockchain innovation, how does game theory explain the contradiction between human nature and privacy protection in blockchain innovation?

The Insecurity of Decentralized Finance (DeFi) and Layer-2 Migration 

Frida Cai from Sperax moderated the group meeting. David Truong from Aave, Samuel Brack from DIA, Serge Lubkin from Hedget, Stephen Tse from Harmony, from the global impact of financial democratization, to whether DeFi products can reach a broad audience (developers, traders, non-crypto users) On issues such as what benefits to provide, a series of different views were expressed, and finally there was a wonderful debate on whether education can substantively solve decentralized finance users' concerns about security.

How do we avoid the public's distrust of decentralized financial services? What other obstacles are holding back mass adoption of decentralized finance?

Summary of golden sentences discussed by guests on this topic:

“I think for a lot of people my age and even younger, our financial education actually comes from cryptocurrencies. "David Truong, Aave

Stablecoins (Stablecoins)

Alicia Sidik from she256 moderated the panel, Joe Yu from Sperax, Nadia Alvarez from MakerDAO and Kory Hoang from Stably participated in the discussion. A number of hot topics about stablecoin adoption were discussed: why people are more willing to accept wages in the form of stablecoins today, the relationship between different generations of stablecoins and collateralization rates, etc.

What kind of jurisdiction system can make multi-currency and stable currency a reality? An impossible question, but one that did not prevent our guests from expressing their enthusiasm for realizing this new vision together.

Summary of golden sentences discussed by guests on this topic:

"I think we are building a new generation of financial economy, in this new system, people can communicate and visit without borders, and the restrictions in our traditional financial economy will no longer exist." Nadia Alvarez, MakerDAO

Blockchain U.

In order to make more For a new generation of blockchain enthusiasts to engage directly with Behind the Chain 2020, Sperax has added the "Blockchain U." panel, moderated by Katherine Plotz from Sperax and the Berkeley Blockchain Club. Guests were Piergiacomo Palmisani of the Blockchain Acceleration Foundation, Tom Pierce of the Boston College Blockchain Club, and Ishaan Hiranandani of the University of Michigan Blockchain Club. Enthusiastic college students expressed their unique opinions on how to improve the next step of blockchain education in colleges and universities, how to make more college students join the development of blockchain, and the benefits of club members interacting with blockchain protocols. some views.

How should colleges and universities better help students prepare for careers in the blockchain industry?

The guests are excited to share our passion for blockchain technology with the next generation of blockchain developers. Tom directly talked about the mission of the university's blockchain: "Many blockchain clubs in universities were established during the ICO boom. I know that our clubs were more concerned about transactions and digital tokens before, but I believe many people also understand that the development of blockchain is fundamentally a technical issue.”

Interoperable blockchain Ecosystem  

At the end of this "Behind the Chain 2020", Nishan from the blockchain community at the University of California, Berkeley D'Souza moderated the last keynote of "Behind the Chain" in 2020. Zaki Manian of Cosmos, Alex Skidanov of NEAR, and Jarrell James of Celo from well-known project parties participated in the discussion. They focus on the most fundamental interoperability of the blockchain, the impact of new additions to the underlying blockchain on interoperability, and the significance of enterprise interoperability to the future of the industry.

“So far, I think an interoperable blockchain ecosystem exists, however a good decentralized interoperable solution is still It’s developing.” Alex said, “So, I think today’s blockchain seems to be running on its own, but many things have actually changed rapidly.”

Zaki also agrees that interoperability is not a new concept.

“What’s really new is that we have a lot of blockchains. Most blockchains From one to many. Ethereum has also changed from one blockchain to many blockchains due to scaling. This is why interoperability is important, it can make a big difference, because we want to implement for users A complete user experience that can be achieved anywhere."

Jarrell also talked about the importance of developing interoperability: "If an asset can be public Instead, there will be cross-chain asset migration due to panic, and you've seen this happen. And then because the company's token is included, we have established power, the same Panic also arises.”

How has tribalism in the blockchain ecosystem decreased in recent years?

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