Bundlr's CEO Says Why Project Solves 'Trilemma' Ethereum Can't

Editor: Adeola @ Contributor of PermaDAO

Reviewer: Xiaosong HU@ Contributor of PermaDAO

Josh Benaron, the founder and CEO of Bundlr has said that the project solves what he calls the trilemma of provenance, arguing that Ethereum which is one of the oldest and most established blockchains in Web3 has been unable to solve the same.

Provenance is the set of documentation that give details of the origin of a piece of data including any form of attribution or labeling of the data. Provenance trilemma according to the founder are permanence, precision and constraint.

"All attempts at providing provenance have failed in satisfying those three verses," Benaron said.

Benaron stated this in an X (formerly known as Twitter) space last week while explaining thprovenance layer innovation.

He said Bundlr is the only provenance layer that allows users to have huge access to and scale data while also attributing origin to the data.

The innovation which has elements of timestamping which helps to know when data was created; attribution which provides details on the nature of the data; metadata which gives additional details enables data to be traceable and verifiable and according to Benaron, provenance and Bundlr pave the way to infuse accountability into information.

"But really the way to think about provenance is it's a way to trace data, label data and that is the core of it," Benaron said adding that provenance does not necessarily make a claim on the categorical truth of data but act as a record of knowledge.

The trilemmas could be used as parameters to measure provenance, Benaron said. What has strong provenance must be permanent, precise and unconstrained. He explained that a piece of data is truly permanent if it can be accessed after many years. Attribution is precise if the time stamping is exact and verifiable. On the feature of being unconstrained, Benaron noted that many projects fail on this parameter and that provenance is complete if a project is able to serve many people and at what cost.

"If you look at something like Ethereum, yes it provides a degree of timestamping and some might argue some form of permanence ish. I would still argue it doesn't provide permanence and it's still totally constrained because you have a huge limit on how much data you can write. It's cost prohibitive at any scale on L2 and L1 and L3. It becomes cost prohibitive. And it's not going to scale, Benaron said.

He noted that where others have failed, Bundle succeeds. Benaron said Bundlr automatically provides permanence because it uploads data on Arweave. On precision, he said there was a mechanism in Bundlr that allows users to do millisecond accurate timestamping and also attach tags to data. He said Bundlr's service is unconstrained as it has been tested to run 50,000 transactions per second.

"But the cool thing about limitless design we inherit from Arweave is that we can fit billions of transactions per second if we wanted to. That would serve the globe pretty confidently," Benaron said while noting that another aspect of being unconstrained is ease of reading data and verification.

"So how easily can you verify that data and Bundle allows you to read, write and verify as quickly as possible," he said.

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