MultiversX: Blockchain Sharding 101 – Lucian Mincu. Ep. #559

MultiversX: Blockchain Sharding 101 – Lucian Mincu. Ep. #559

In 2017, Vitalik Buterin defined the ‘Scalability Trilemma’ which consisted of 3 attributes that every blockchain had to balance depending on its intended use cases: decentralisation, scalability and security. While Ethereum sacrificed scalability in favour of security and decentralisation, others prioritised throughput over the other two. However, a solution was proposed, inspired from Web2 computer science – sharding. Despite the fact that Ethereum’s ossification and significant progress in zero knowledge research led to a shift in Ethereum’s roadmap away from execution sharding towards L2 rollups, there were other L1s that were designed from the get-go as sharded blockchains. One such example was Elrond, who implemented the beacon chain PoS consensus alongside a sharded execution layer. Their recent rebranding to MultiversX alludes to a multi-chain, interoperable ecosystem, in which sovereign chains can communicate in a similar manner to cross-shard transaction routing.

Topics discussed in this episode:
0:00 – Introduction
5:49 – Lucian’s background and founding Elrond (MultiversX)
10:55 – Elrond’s validator & shard architecture
27:05 – Cross-shard composability
35:03 – VMs, smart contracts and transaction routing
41:04 – Self sovereignty and modularity
52:15 – MultiversX vision
1:03:16 – Roadmap

Links mentioned in this episode:
– Lucian Mincu on Twitter: https://bit.ly/3LQwCK0
– MultiversX on Twitter: https://bit.ly/4fwJkuQ
– xPortal on Twitter: https://bit.ly/4dpqBj8

Sponsors:
– Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world’s first Decentralized Payment Network. Get started today at https://gnosis.io/ –
– Chorus1: Chorus One is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at https://chorus.one/?utm_source=epicenter –

This episode is hosted by Felix Lutsch.
Show notes and listening options: https://epicenter.tv/559
#multiversx #elrond #ethereum #crypto #blockchain