Blockchains Are Not Computers - TOKEN2049 Singapore 2023
Discover why "Blockchains Are Not Computers" in this insightful presentation from TOKEN2049 Singapore 2023. The speaker, an early Ethereum developer and founder of Fuel, unravels the complexities of blockchain architecture and challenges the conventional wisdom of using general-purpose runtimes like WASM and EVM for building smart contracts.
Delve into the intricacies that distinguish blockchains from traditional computing systems. Central to this discussion is the "state transition function," a crucial component that advances the blockchain state through blocks and transactions. The speaker critiques the prevalent reliance on architectures like x86, RISC-V, and WASM, designed originally for CPUs and browsers, instead of blockchain-specific tasks such as asset-centric operations.
A significant revelation of this talk is highlighting the fundamental role assets and tokens play within the blockchain ecosystem. The presentation underscores the gap in current blockchain systems, where existing architectures fail to treat assets as first-class citizens. Through the lens of the Fuel project, asset-centric rollups are championed as the suitable framework for addressing these challenges.
Fuel emerges as a pioneering solution by being the first asset-centric roll-up on Ethereum, equipped with a purpose-built virtual machine and programming language—Fuel VM and Sway. These innovations are tailored to optimize token processing and provide developers with robust tools for creating scalable and efficient blockchain applications.
For those passionate about blockchain evolution and practical implementations, this talk is a must-watch. Gain a deeper understanding of how Fuel is redefining the space by offering a dedicated architecture that prioritizes the unique needs of blockchain technology, moving away from popular yet unsuitable conventions.
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