Eco Inc.

But, what if cross-rollup actions required no new trust assumptions or message bridging…? Recently, we’ve been contributing to RIP-7755, proposed by Wilson Cusack. Here’s one solution using the L1 block hash (still WIP!). Cross-L2 Actions: https://lnkd.in/esXPZEvy This demonstrates cross-L2 communication by validating a destination chain transaction on a source chain using only the data posted to Ethereum by the destination chain’s sequencers. To quote Vitalik Buterin, we need an open decentralized (operator-free, governance-free) protocol for quickly moving assets from one L2 to another. We agree. This should be standard for rollups on Ethereum. This solution uses storage proofs and is compatible with any rollup that posts its state to Ethereum & whose sequencer exposes the L1 block data on the L2. It’s fully permissionless. No trust assumptions are added. (An alternative solution could use EIP-4788 where supported) Soon, Bend will demo this solution live, using it for transactions between Optimism and Base. This is the first step toward unveiling what we’re working on with Eco. We’re always excited to share code and want your feedback! We’ll keep improving this in the weeks to come. We hope this neutral transaction layer helps builders progress toward true, native interoperability for Ethereum. We’ll keep contributing. Eco is coming soon...

Sean Cover will be at the Hawaii Blockchain Summit 2024, speaking about the challenges and opportunities the blockchain industry faces and how people can best overcome them. Watch his panel on September 16: https://buff.ly/4eftx2n

On September 16, catch Sean Cover at Hawaii Blockchain Summit 2024, leading discussions around the problems blockchain can help solve and what's next for blockchain within the broader tech industry. Watch the panel in a few weeks: https://buff.ly/4eftx2n

Cross-L2-Actions, a solution in response to Wilson Cusack's RIP-7755, demonstrates cross-L2 communications by validating a destination chain transaction on a source chain using only data posted to @Ethereum by the destination chain's sequencers.

Hello Eco

The quality of content at conferences is as good as its speakers and moderators! The Hawaii Blockchain Summit is thankful for Sean C., who will be moderating the "The Future is Web3" panel. Sean leads accounting and operational finance Eco and is also a co-lead for the Blockchain In Paradise meetup group here on Honolulu. We asked Sean why he thinks #Web3 is the future: ?? "Web3 is the future because it enables the development of the internet’s native economy through #decentralized technologies. The internet’s economy means that financial services, art, games, and even social interactions can exist entirely online in ways that weren’t possible before. The development of the cryptoeconomy is similar to how new countries form and expand. Just like how modern America was built by moving west and exploring new frontiers, #crypto represents the next frontier in global economic expansion." Want to hear more? Join Sean and other blockchain experts on September 16th. Early bird tickets end on August 30th: https://lnkd.in/gg3Bvwsq Brought to you by: Sponsors - Coinsub, HackRight, The Brandy Camacho Show, Blockchain Billiards, Hawaii Technology Development Corporation, Tapiki Organizers - Inoa.ai, NaviAI Inc., Key To Web3, Finsuite? Consulting Group #hawaiiblockchainsummit

FWB FEST 24 brought all on-site payments onchain with Bend, processing thousands of transactions and saving an average of 3% on every purchase by seamlessly paying with any supported stablecoin. See how FEST powered onchain payments with Bend: