Scaling Blockchains [Vitalik Buterin]

<p>Source: <a href="https://www.youtube.com/watch?v=XW0QZmtbjvs">https://www.youtube.com/watch?v=XW0QZmtbjvs</a></p><p><strong>Transcript</strong></p><p>[00:00:00] <strong>swyx:</strong> Part two of my cryptocurrency exploration is on scaling blockchains. And I think if metallic is probably the best and most articulate person to talk about this.  </p><p>[00:00:09] <strong>Vitalik Buterin:</strong> There's two major paradigms for scaling blockchains. Right? As you said, we are one and layer two. And layer one, basically means, make the blockchain itself, like it capable of, uh, processing more transactions by having some mechanism by which you can do that. Despite the fact that there's a limit to the capacity of each participants in the blockchain. </p><p>[00:00:29] And then what you're two says, while we're going to keep the blockchain as. But we're going to create clever protocols that sit on top of the blockchain that still use the blockchain. And it's still kind of inherit things like the security guarantees of a blockchain, but at the same time, a lot of things that are done off chain. </p><p>[00:00:45] And so you get more scalability that way. Um, so. In Ethereum, the most popular paradigm for layer two is roll-ups and the most popular paradigm for layer one is charting.  </p><p>[00:00:54] <strong>Lex Fridman:</strong> So one way to achieve layer one scaling is to increase the block size, hence the block size wars quote unquote, and a, you actually tweeted something about. </p><p>[00:01:06] Uh, people are saying that Vitalik changed his mind about in, he, he went from being a S  </p><p>[00:01:13] <strong>Vitalik Buterin:</strong> small. I went from being big to small. Is it big to small?  </p><p>[00:01:16] <strong>Lex Fridman:</strong> And, uh, but you said I've been a medium blocker all along. So maybe you can also comment on, on work, on the very basic aspect before we even get to sharding of where you stand. </p><p>[00:01:27] Block  <br> </p><p>[00:01:28] <strong>Vitalik Buterin:</strong> size de