Exploring The Optimistic Virtual Machine by Ben Jones, Karl Floersch (Devcon5)

Fri, Oct 2, 2020, 12:00 AM

Visit the https://archive.devcon.org/ to gain access to the entire library of Devcon talks with the ease of filtering, playlists, personalized suggestions, decentralized access on IPFS and more. https://archive.devcon.org/archive/watch/5/optimistic-execution-putting-the-internet-on-ethereum Ethereum can serve as an arbiter of trust for the entire internet. To make this a reality we'll have to scale. Our best bet to scale is constructing a comprehensive layer 2.What do plasma, state channels, optimistic rollup, & ETH2 have in common? Optimistic execution! Or in other words, they each make inferences about future Ethereum state based on local information--think fork choice on top of a state machine. Using this concept we construct the Optimistic Virtual Machine (OVM), baking inference logic directly into wallet & application software. In this talk we discuss how the key role trust will play in the internet--from DeFi to timestamping--and how we can build the underlying infrastructure to support internet scale. These are exciting times for blockchain infrastructure. Now we just need to solve identity & UBI -- easy! Speaker(s): Karl Floersch, Ben Jones Skill level: beginner Track: Scalability Keywords: technical Follow us: https://twitter.com/efdevcon, https://twitter.com/ethereum Learn more about devcon: https://www.devcon.org/ Learn more about ethereum: https://ethereum.org/ Devcon is the Ethereum conference for developers, researchers, thinkers, and makers. Devcon 5 was held in Osaka, Japan on Oct 8 - 11, 2019. Devcon is organized and presented by the Ethereum Foundation, with the support of our sponsors. To find out more, please visit https://ethereum.foundation/