According to Foresight News, at the "FORESIGHT 2024" annual summit, Avail founder Anurag Arjun said in the roundtable forum "Deconstruction and Reconstruction: The Rise of Modular Lego Narratives", "Any technology will evolve from a single architecture to a complex architecture, just like a motorcycle is built from scratch in a factory. With the rise of modularity, starting from a single chain architecture, we can now split the various parts of the blockchain. In the construction of a single blockchain, including validators, nodes, token economy, etc., are built from zero to one, and modularization splits some of these parts into basic layers (for example, Rollup inherits fundamental security and builds an independent execution layer). No matter how many components are composed, a simple product building model will bring efficiency improvements, so we can create a simple modular building model. The interface of the blockchain in the future will also be simpler. A major challenge of modularization is the coordination between different modules."
The annual FORESIGHT 2024 summit was held at the Hong Kong Ocean Park Marriott Hotel from August 11 to August 12. The full live broadcast is now available on the Foresight News official website. This summit is co-organized by Foresight Ventures, Foresight News and The Block. It aims to provide a stage for communication and collision of ideas for global Web3 builders, and to build a bridge connecting the East and the West and bridging regional differences. We invited senior political officials, industry leaders, heads of traditional institutions, top VC investors and representatives of popular projects to discuss dozens of hot topics such as the new chapter of Web3 in Asia, the strategic opportunities and challenges of institutional entry, the regulatory context under the background of compliance, the new trend of global Web3 investment, the Bitcoin ecosystem, AI+Crypto from narrative to application, large-scale application of ZK, and social networking.
