What are the keys to scalability? zkSync’s stevenewcomb weighs in on what Ethereum really needs in order to achieve its maximum potential.
Steve Newcomb is a Silicon Valley veteran with a long list of achievements. He built software for trading energy in the 90s, was a pioneer in adding email to phones, and helped create the back end of the Bing search engine under Peter Thiel’s mentorship. Today, he heads up development for Berlin-based Matter Labs, which is building scaling solutions for Ethereum.
As a veteran of the dot-com era, Newcomb sees the current state of the blockchain environment — not just Ethereum — as similar to that of the internet in 1995, when the World Wide Web’s 25,000 websites could be accessed by average dial-up speeds of less than 30 kilobits per second. Just like the advent of SSL and HTTPS, which made the internet secure — allowing for online shopping and the safe transmission of private data — Newcomb is convinced that “the layer 2s that make crypto secure are where 10x moments are happening.”He identifies five types of layer-2 solutions: state channels , plasma , sidechains , Optimistic Rollups , and zero-knowledge rollups . Newcomb has some strong opinions to share.
“When I set out on my career, I asked myself: Is this something that’s going to affect millions of people? Is it a big deal? Can I add value in some way?” In the 1980s, he wrote an algorithm to automatically generate the scripts for used car dealerships’ TV and radio commercials with “cheesy music and some cheesy sales guy,” charging thousands a pop. His second business while in university was effectively a pre-internet version of LinkedIn, charging students to distribute their resumes to other universities across the region via a system of interconnected printers.
“I want people to understand that this is more important than technology; this is possibly as important as what comes after capitalism and democracy,” he says. He elaborates that when a new technology comes along, it normally replaces an incumbent, as when iPhone replaced Nokia.If that’s true, there is a desperate need for adults in the room, and Newcomb quips that he is finally old enough to be considered one. “Imagine we built a door that can never be knocked down.
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