The Value of Modular Blockchains | Nick White (Celestia), Neel Somani (Eclipse)

Nick White (COO of Celestia) and Neel Somani (founder of Eclipse) join us to debate the tradeoffs of modular vs integrated blockchains. We cover the modular thesis, how Eclipse is bringing the SVM to Ethereum, the hidden costs of modularity, centralized sequencers and L2s, where value will accrue in a modular paradigm and more! - - Timestamps 00:00 Introduction 01:49 What are Modular Blockchains? 05:34 Data Availability Explained 09:15 Light Clients and End User Verification 19:45 Eclipse: the SVM Rollup Provider 20:50 Why do Rollups Need Settlement? 26:26 Jito Mid Roll 27:30 Permissionless Plug 28:30 Should Celestia Enshrine a Settlement Layer? 31:34 L2 Training Wheels 35:53 Kyle Samani’s "The Hidden Costs of Modular Systems” 43:02 Appchains vs Rollups 46:43 How Eclipse is Bringing the SVM to Ethereum 47:58 Are Centralized Sequencers Okay? 53:28 Will Crypto Apps Have a Power Law Outcome? 58:03 Network Effects and Value Accrual 01:08:15 Where Will Enterprises Launch Applications? 01:12:08 Rapid Fire - - Follow Neel: https://twitter.com/neelsalami Follow Nick: https://twitter.com/nickwh8te Follow Mert: https://twitter.com/0xMert_ Follow Garrett: https://twitter.com/GarrettHarper_ Follow Lightspeed: https://twitter.com/Lightspeedpodhq Subscribe on YouTube: https://bit.ly/43o3Syk Subscribe on Apple: https://apple.co/3OhiXgV Subscribe on Spotify: https://spoti.fi/3OkF7PD Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/  - - Resources Jito https://www.jito.network/staking/?utm_source=lightspeed&utm_medium=podcast&utm_campaign=lightspeed_Q323_1 Celestia https://twitter.com/CelestiaOrg https://celestia.org/ Eclipse https://twitter.com/EclipseFND https://www.eclipse.builders/ - -  Disclaimers: Lightspeed was kickstarted by a grant from the Solana Foundation. Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Garrett and our guests may hold positions in the companies, funds, or projects discussed.