Ethereum Foundation DevCon 6 - Layer 2s Track, 13 Oct 2022

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From YouTube: A Layer 2 Standards Working Group | Devcon Bogotá

Description

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https://archive.devcon.org/archive/watch/6/a-layer-2-standards-working-group/

The L2 ecosystem needs standards! We formed a L2 standards working group as an EEA Community Project, managed by OASIS. We will provide a quick overview of L2 standards discussion topics thus far. Others in the L2 ecosystem are invited to join and participate in existing discussions or raise new topics.

https://github.com/eea-oasis/L2

Speaker(s): Tas Dienes, Dan Shaw
Track: Layer 2s
Keywords: L2,standards

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Devcon is the Ethereum conference for developers, researchers, thinkers, and makers.
Devcon 6 was held in Bogotá, Colombia on Oct 11 - 14, 2022.
Devcon is organized and presented by the Ethereum Foundation, with the support of our sponsors. To find out more, please visit https://ethereum.foundation/

A

A

Okay, so we're going to talk about a formal layer, 2 standards working group which has been formed as an eea, Community project managed by Oasis and we'll explain what that means. But first I am Tosh. Dinesh I work at the ethereum foundation on ecosystem support, focusing on the Enterprise ecosystem, so I work with the Enterprise ethereum Alliance, chair of the media interest group co-chair the eea community projects project governing board, and this is Dan Shaw I'm.

B

Dan uh I've got a decade of kind of bringing together innovators and the Enterprise help bring node.js into the foundation, uh been a a Founder done. A lot of Open Source, stuff and I am the co-chair of this and uh uh Andre Dr Andres forend is my co-chair and it was a storied background. uh He's the spec lead on the Baseline protocol and uh as well as my co-chairs, okay, so uh yeah last talk really teed up. Why uh you know standards are are useful.

B

um You know to have a a space and a Clearinghouse for uh discussions, and you know a neutral space right, uh there's so much Innovation, that's happening that uh you know we need to um come together and um you know our our perspective is uh in part from the needs of the Enterprise and in order to sort of uh continue the the adoption that we're seeing um Layer Two is essential uh and so putting in into place those uh standards and specification to enable uh layer to thrive.

A

So why are we doing this as an eea, Community project managed by Oasis? And what does that mean? So Oasis is a non-profit technical standards body that was formed in 1993 they've done things like xgml and XML, and a lot of sort of technical software standards sort of along the lines of IEEE or w3c iatf.

A

um So the ethereum community projects was formed three years ago as an oasis, open project, so under the Oasis Sanders bodies or umbrella. What happened to my slots by EF consensus and the eea, so ethereum Community projects is a you know: it's an oasis, open project, meaning it's open source, Open, Standards development, and so it's we chose the waste because it's a pretty low bureaucracy and it's a flexible standards process, unlike some of the other ones like the w3c and ietf they're.

A

A lot more sort of bureaucratic and cumbersome Oasis is kind of more ethereum friendly, in that it's lower bureaucracy and flexible.

B

So uh some of the folks that are involved, uh of course, uh tashana and Andreas uh from the EF. uh We have Accenture uh Boba matter: Labs, metis, octane, Labs uh optimism and polygon um and we'd love to have you so please come and join us. um So.

A

What have we've been working on? There are lots of ideas for standards, development topics in the layer, 2 ecosystem, the two that have gotten the most work done so far.

A

First is a canonical token list format which so the the issue is that most layer, 2 projects have the list of tokens that exist on their layer, twos and a wave that they map to, in many cases a layer, one token or a token on another layer or two, and these lists are not maintained in any common standard format, so standardizing the way that these token lists are stored, it would be beneficial for interoperability.

A

uh Another project is address aliasing, so the uh the goal here is to be able to deterministically derive addresses of a digital asset or an externally owned account on an evm execution framework when it moves like when it moves across chains. So if you know the origin chain of an asset, you should be able to deterministically derive the address of it on another chain.

A

um We have many ideas for potential future topics to work on layer, 2 transaction fee structures, layer, 2 interface, transaction transaction interface, standards. One idea: that's gotten: some discussion is about cross-chain bridging of digital assets with residuals, so the issue there is that if you have a token like an nft representing a bond or something that gets royalties over time, something that gets payments over time and you move that to another chain. It breaks the connection between the payments and the asset. So that's not a completely solved problem. There's been some discussion about that.

A

We would love to have more ideas on that and, if you have other ideas for topics, I would love to hear them. We would love to have your involvement. Please get in touch so.

B

uh Yeah thanks a lot. We we meet bi-weekly, um you can, uh you know, hit us up on our emails. Github is uh github.com, EA, slash, Oasis L2 and uh you know big big, thank you and shout out to l2beat Dev connect. um You know we were. You know: we've gotten this uh Initiative off the ground, but uh you know thanks to LT, beats uh event at uh devconnect. You know we were really able to. You know, get a lot of the initiatives that you uh just saw.

B

uh You know set up and and really move forward. So uh um you know we'd love to have you join us thanks.

A

Thank you so much guys you did it. The two of you were the fastest ones.