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Today's reading list: significant upcoming changes to Ethereum. Proof of Stake, Rollup Roundup and EIP-1559
Vitalik heavy list today. First up, Why Proof of Stake? https://vitalik.ca/general/2020/11/06/pos2020.html
In response to the contention that in PoS, the rich get richer
Next, A Rollup-Centric Ethereum Roadmap https://ethereum-magicians.org/t/a-rollup-centric-ethereum-roadmap/4698
He opens with a critical point that a lot of folks don't yet seem to grok, the scalability benefits of ETH2 are years away.
An ambitious goal: all dApps should look to build natively on L2, L2s should focus on interoperability with one another and the community needs to come to some kind of consensus on a formal verification friendly language intermediate.
Ethereum's L1 in ETH2 will become the reference layer in this model
Next up EIP-1559. From @TimBeiko's State of EIP-1559 Update 001. https://hackmd.io/@timbeiko/1559-updates/https%3A%2F%2Fhackmd.io%2F%40timbeiko%2F1559-update-001
One of the core elements of EIP-1559: the Base Fee, which must be paid to include a transaction in a block. In short: double the size of blocks, when they're more than half full the Base Fee goes up. The Base Fee is burned, not paid to miners (they get a Tip)
A comment on ETH2 from Vitalik yesterday, specifically involving a rollup centric roadmap https://www.reddit.com/r/ethereum/comments/jvkoat/ama_we_are_the_efs_eth_20_research_team_pt_5_18/gcpqmp1/
And a fantastic thread on First Principles Thinking from @SahilBloom https://twitter.com/SahilBloom/status/1329458583537397765
