01node is excited to announce our sponsorship and participation in the Modular Summit 3.0, hosted by Celestia Labs and Maven11. The event gathered Validators, Partners, Modular Blockchain developers, Media Partners, and Investors. The theme for this year’s edition is Modular Expansion
01node team at the Modular summit 3.0
What is the Modular Summit?
The Modular Summit is an annual event that gathers key players from the blockchain ecosystem. This includes developers building modular blockchains, validators, investors, and community members, among others. The summit is hosted by Celestia Labs and Maven11, with sponsorships from various ecosystem participants.
The 2024 edition, themed “Modular Expansion,” focused on transitioning from academic thinking to practical use cases. Key topics covered included the Celestia roadmap, addressing data availability, solving interoperability challenges, and exploring innovative cross-chain solutions.
The event serves as a platform for networking, knowledge sharing, and showcasing advancements in the modular blockchain space, fostering collaboration and innovation across the industry.
Key Highlight from the Event
The Modular Summit has grown significantly each year, continually improving in size and quality. This year’s event featured an impressive lineup, a vibrant audience, meticulous venue design, and exceptional merchandise. A big shoutout goes to the organizing committee and Celestia for an outstanding 3-day event.
- Practical Private Compute and Rapid Prototyping: TEE (Trusted Execution Environment) offers practical solutions for private computation and rapid prototyping, potentially reducing side-channel attacks with blockchain protocol design. (Ethan Buchman, Co-founder of Cosmos)
- Opportunity in Margins: “Your margin is my opportunity.” (Jeff Bezos)
- Future of MEV (Maximal Extractable Value): The future of MEV will see proposer revenue decrease as dApps work to internalize MEV. Embracing laziness can be a superpower.
- Trusted Light Nodes: “Like the padlock symbol in the web browser, [light nodes] will become a reassuring presence that protects people from attacks they don’t know about using cryptography they don’t understand.” (Colludingnode)
- Chain Abstraction for User Experience: “The point of chain abstraction is to provide an easy-to-use app experience on sovereign infrastructure.” (Zmanian)
- Decentralized Network Paradox: “A single decentralized network, no matter how decentralized, is still centralized.” (Adrian Brink)
- Vision of Chain Abstraction: “Chain abstraction is the vision for the future where users never need to care what chain they are on.” (Arjun Bhuptani)
- Infinite Chains: “The future is infinite chains. Millions of chains.” (0xJim)
- Need for Modularity: “Fast monolithic blockchains are starting to realize that we need modularity; we can’t just stay monolithic.” (OxRainandCoffee)
- Value of Decentralized Storage: “Decentralized storage is one of the under-appreciated parts of the original vision.” (Vitalik Buterin)
- Unified System for Code: “Why not build a single system that lets you write your code in Solidity and EVM or in the language of your choice, and run it on one big happy chain? It’s time to do that.” (Ed Felten)
- Expanding Network of Chains: “These shared fixed capacity chains are not the answer. The answer is an infinitely growing network of chains.” (Sandeep Nailwal)
Conclusion
The Modular Summit stands out as a highly detailed-oriented event, capturing and illustrating key discussion points in real-time. This commitment to detail enhances the overall experience and understanding for all attendees.