To borrow @0xalpo's words: New L1s succeed by exploiting the dogma of incumbents
Ethereum succeeded by exploiting Bitcoin's resistance to programmability
Solana succeeded by exploiting Ethereum's devotion to home stakers
Hyperliquid is succeeding by exploiting Solana's unwillingness to specialize
Celestia, in turn, exploits at least three important dogmas held by incumbents:
1. The validating bridge is the fundamental component of a rollup
2. There are no competitive tensions between scaling the L1 and scaling blobs
3. The app is not good for the L1 unless it maximises L1 REV
When viewed from this lens (the lens of ecoystem š§ šŖ±s :), Celestia has a clear path to success (and this success is not zero sum but complementary to existing designs in the L1 tradeoff space)
This is a good list of things the industry currently takes for granted that are worth re-examining.
Many of them align with modularity:
ā¢ Geographic decentralization is important -> rollups can take advantage of geographic centralization for extremely low latency
ā¢ BFT consensus is a prerequisite -> sequencer preconfs are probably good enough finality for most users
ā¢ Sharding is bad -> parallelizing execution by rollups enables massive scaling, interop is getting 10x better
ā¢ All apps should be treated the same by the chain -> each app can be completely customized and vertically integrated as a rollup
Many of these ideas will be tested by Celestia and its ecosystem over the coming few years.
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