Nil Foundation CEO on New Ethereum Rollup with Zero-Knowledge Proofs and Sharding | Video

Ethereum research and development firm Mill Foundation says its new Ethereum rollup will be the first DK rollup to enable sharding. Joining us now is Mill Foundation CEO and co-founder Misha Komarov. Welcome to the show, Misha. Hey, it’s like, thanks for having me. Thanks for being there. Now let’s talk about it. It combines zero-knowledge proofs and sharding and explains what solves this problem. And I just want to put something into context here. Of course developers watch our show, but we have a very wide audience. So talk to us about what solves this problem and what impact this has on developers, but also other people working in this space. OK. Let’s get into it. So basically it’s like this: What is the basic idea of ​​the stink? The basic idea of ​​this thing is to try to break through the wall gardens of all the variety of different roll-ups that, you know, the, you know, have come to life in the last few years. So basically we have a lot of roll ups right now. They are all you know, completely isolated from each other. And it’s good when people, you know, it’s good when people consider a particular thing, like, you know, a good thing, a worthwhile thing. And it’s absolutely amazing that entire ecosystems grow on them. But ultimately there are a lot of them, they’re isolated and we’re trying to, we’re trying to solve this problem, this modularity problem, this, uh, you know, World Gardens problem by basically bringing what Ethereum is, you know What, what was an Ethereum? What an Ethereum roadmap looked like at first, like long premise diagrams, we tried to represent it as a ZK thinking scroll, which you know basically solves, like it basically solves the modularity concept. Yes, modulator concept. Disadvantages. That’s it. All right, le le, let’s take it a step further because that explains why this isn’t a problem for the layman, for the layman out there looking at this. OK. Why is this a problem? So basically, the greater the liquidity fragmentation, the greater the security fragmentation. Basically it’s like, OK. What the hell is a modular concept, right? Basically you have an application, a rollup, that’s it. And it’s a good idea. However, the problem is, how much liquidity can a single application attract? And what if other applications could also make use of this by increasing the total, the total good of this liquidity, the total result of this liquidity from this liquidity? So that means one application, one rollup, might not be the best idea. OK. So we tried to solve this problem so that liquidity and security remain consistent because, for example, with credit protocols or something like that for swaps like different types of swaps, it’s very important to keep the liquidity pools as large as possible and the credit pools as large as possible because that is what makes them cost-effective for the user. So that’s it. We are trying to solve this problem by keeping liquidity consistent. What is the difference? I think from a developer’s perspective: If we build on top of Null or another rollup like Polygon, Zkevm or ZK Sync, or are they all kind of similar? Uh, it’s like, let’s put it this way, it’s like we’re targeting these types of applications, these types of applications that, you know, first of all, lead a lot to liquidity fragmentation. So there would be no obligation for them to preserve, you know, divide up their liquidity. That’s the first and second thing we’re targeting these types of applications, which are high load applications, something like, you know, right now it’s pretty obvious to everyone that, you know, high load applications, I know not , autonomous worlds OK, autonomous actors. Vita likes to talk about it or something, I don’t know such things, sequencer, builder, decentralized PB, all these things cannot be built on Ethereum because of the way they are built. And that’s the same thing. This is not possible. Such things cannot be built on traditional roll-ups. Of course there is overlap with traditional roll-ups, but there are parts, you know, there are parts and application segments that are currently only possible. So we try to cover both of these parts of the market. You mentioned high-load and data-intensive applications here. What kind of apps do you think will thrive the most in this ecosystem, you mentioned autonomous worlds? But what kind of apps do you imagine live here? First of all, it’s like these are apps of the first kind that I personally will push and will primarily be sequencers. And well, let’s put it this way, of course I mean financial applications and things like that. But other than that, it’s about sequencers, it’s about everything that has to do with building and minimizing that for the user in a decentralized and, you know, open way. That’s what I see, you know, right now I’m going to talk like that, right now I’m going to push for it. OK? And of course, if we’re talking about a much longer-term vision, I support the vision that I’m going to try to make joint state applications beyond that, because that’s what it’s about, you know, all of this is about autonomous worlds and autonomous actors. I mean, it would be really fun to use a, you know, autonomous actor to make it more intelligent than just, you know, trivial and then just trivial like Perron or something. So yeah, so I, you, you, you mentioned the financial application. So for people in the financial services industry who may be looking at this and not fully understanding what this conversation is about. Can you explain it to them? Explain to them how this would affect them. OK. So basically how does this particular architecture, how does this particular approach affect financial applications. OK. Let’s just take a look, I don’t know credit protocols nor do I like various swaps. So let’s say you have, uh, let’s say you have a, I don’t know, Unis swap or something, and let’s say the liquidity in a particular pool on Ethereum is pretty big enough. OK? But it’s expensive to use it in case you need to replace something often, I mean it’s really expensive to use it. OK. So what is the, what is the, what is the traditional solution? The traditional solution is to use the UNIS swap to pay less for gas fees on some rollup operations. You can do it more often, but with a small nuance. It’s as if the liquidity pool on roll-up is much smaller than it was originally on Ethereum. And no matter how hard you try, it would be really hard for you to transfer Ethereum’s liquidity to a roll-up and create a roll-up slot pool deeper than that. So what liquidity fragmentation does to you is these types of exchanges, these types of exchange applications. So that’s it. And the deeper the liquidity pool, the smaller it is. Basically, the smaller the smaller, OK. Well, basically, the deeper the liquidity pool, the more you can exchange, okay? It’s like talking in simple words. So that’s it. It’s like less slippage is okay? That’s why this is important. For this reason, the lack of liquidity fragmentation is important for financial applications, such as in the unified world example. So basically it’s about creating a ba, basically it’s about increasing its efficiency. Okay, Michelle, we’ll have to leave it at that, but before we go, I just wanted to know if you had any comment on the news that came out on Crack this week. It said that they were looking for a partner to help them build their Lay Two. And according to people familiar with the situation, the Mill Foundation is one of the partners. They are considering any comments on this. I knew this question would come up. Uh, that’s the first thing. Secondly, I would say that it is too early to say anything or not to say anything at all. It’s like, so let’s, you know, let’s just leave it there, let’s just leave it there. I can’t say anything about this at the moment. All right, Mischa, thanks for that. It was a pleasure and I congratulate you on the upcoming launch. Thanks. Thank you. That was No Foundation CEO and co-founder Misha Komarov. Be sure to sign up for the Coindesk Protocol newsletter, which explores the technology behind crypto block by block. That’s what you’ll find in CoinDesk Dotcom’s slash newsletters.

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