Uploaded January 2026 | Updated September 2026, 4 days ago
In this purpose-led panel, Daks Gunaratne, Jerome Dadon, Samira Tolo, Darren Rogan, and Lisa Wade explore how crypto communities can be a force for meaningful support and impact. From capital raisings and grassroots initiatives to collaboration, education, and long-term sustainability, the session highlights how community-led efforts are driving real-world outcomes across the crypto ecosystem.
🎥 Recorded live at AusCryptoCon 2025.
In this purpose-led panel, Daks Gunaratne, Jerome Dadon, Samira Tolo, Darren Rogan, and Lisa Wade explore how crypto communities can be a force for meaningful support and impact. From capital raisings and grassroots initiatives to collaboration, education, and long-term sustainability, the session highlights how community-led efforts are driving real-world outcomes across the crypto ecosystem.
🎥 Recorded live at AusCryptoCon 2025.








![Layer 1s Still Matter? Yonatan Sompolinskyi from Kaspa shares thoughts
Are Layer 1 blockchains becoming irrelevant in the age of chain abstraction?
Dr. Yonatan Sompolinsky, the founder of Kaspa, argues that Layer 1 user experience (UX) and sequencer competition are more crucial than ever.
Yonatan dives deep into the nuances of Layer 1 design, using analogies from gaming servers to explain latency, resiliency, and the importance of sequencer competition for DeFi. Learn about Kaspas innovative approach with a BlockDAG architecture, aiming for 100 blocks per second, and its implications for a more competitive and user-centric crypto future.
Attend AusCryptoCon Next Year & Dive Deeper into Crypto Innovation! Get your tickets for AusCryptoCon: https://auscryptocon.com/
[0:00] Introduction to Yonatan Sompolinsky & Layer 1 Relevance at AusCryptoCon - Introduction to Yonatan Sompolinsky and his presentation arguing for the continued relevance of Layer 1s in crypto.
[0:20] Crypto 2030 & Active Kaspa Nodes in Sydney: Setting the Stage - Yonatan discusses the Crypto 2030 theme and highlights active Kaspa full nodes in Sydney, showcasing community support.
[0:51] Chain Abstraction Trend: UI vs. UX & Layer 1 Properties - Introduction to the trend of chain abstraction and Yonatans argument that UX and Layer 1 properties cannot be abstracted away.
[2:11] UI vs. UX in Crypto: Why Layer 1 Properties Still Matter - Explains the crucial difference between User Interface (UI) and User Experience (UX) in the context of Layer 1 blockchains.
[3:36] Gaming Server Analogy: Latency, Resiliency & User Experience in Chess & Crypto - Uses the analogy of gaming servers and chess (classical vs. blitz/bullet) to illustrate the importance of server/sequencer properties for user experience.
[5:40] Comparing Infrastructure Metrics: Gaming Servers vs. Crypto Blockchains - Compares key metrics of gaming server infrastructure (latency, resiliency, throughput) to analogous metrics in crypto blockchains.
[7:41] Unique Crypto Metric: Resilience to Sequencer Manipulation & MEV - Highlights the unique crypto metric of resilience to manipulation by sequencers/miners and the issue of MEV (Miner Extractable Value).
[8:47] Kaspas BlockDAG: Visualizing Active Nodes & High Block Rate - Introduces Kaspa and its BlockDAG structure, visualizing active nodes and the high block rate (initially 1 block per second).
[9:59] Kaspa Visualizer Demo (If Available): 1 Block Per Second DAG in Action - Attempts to demo the Kaspa visualizer (technical difficulties noted in transcript).
[11:09] Kaspa Vision: 10 Blocks Per Second & Internet-Speed Proof-of-Work Crypto - Discusses Kaspas vision of achieving 10 blocks per second, aiming for internet-speed crypto while maintaining Proof-of-Work ethos.
[12:45] Why 100 Blocks Per Second? Bitcoin Core Developer Feedback & Sequencer Competition - Explains the motivation for aiming for 100 blocks per second, driven by Bitcoin core developer feedback and the desire for sequencer competition.
[14:11] SPR (Sequences Per Round) Metric: Measuring Sequencer Competition - Introduces the metric SPR (Sequences Per Round) to quantify and measure sequencer competition in different blockchains.
[15:49] Leader-Based Consensus vs. Sequencer Competition: Monopoly vs. Duopoly vs. Competition - Compares leader-based consensus (Bitcoin, Ethereum, Solana) to a model with sequencer competition, highlighting the benefits of increased competition.
[16:37] Kaspa DAG Slice Visualization (1 Block Per Second): Parallel Block Creation & Miners - Visualizes a slice of the Kaspa DAG at 1 block per second, showing parallel block creation by multiple miners.
[18:11] Kaspa Testnet (10 Blocks Per Second): Increased Competition & Efficiency - Shows a snapshot of Kaspa testnet at 10 blocks per second, emphasizing increased competition and efficiency.
[19:37] Auction Mechanism for Sequencer Competition: First-Price & Second-Price Auctions - Proposes an auction mechanism (first-price or second-price) to enable competition among sequencers and benefit users with better prices.
[21:04] Auction Efficiency & SPR Metric: More Competition, Better Efficiency - Explains how auction efficiency increases with higher SPR (more sequencer competition), leading to a more competitive and efficient market.
[22:51] Oracle Problem & Data Feeds: External Data & Cryptographic Security Limits - Discusses the Oracle Problem: reliance on external data feeds for DeFi and the limitations of cryptographic security for off-chain data.
[24:43] Aggregating Price Feeds & Market Data: Competition for Oracle Accuracy - Proposes competition among oracle providers within the 100 blocks per second Kaspa framework to improve price feed accuracy and resilience.
[25:50] Research Project with ETH Zurich: Oracle Aggregation & Competition - Mentions ongoing research with ETH Zurich on oracle aggregation and competition mechanisms. Layer 1s Still Matter? Yonatan Sompolinskyi from Kaspa shares thoughts](https://i.ytimg.com/vi/MugsziO0OYY/mqdefault.jpg)

