Austin_Federa
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The Stake Pool program on Solana is a thing of beauty.
Props to Jon C. at @anza_xyz and the others who helped build it
Props to Jon C. at @anza_xyz and the others who helped build it
We are looking for extremely technical writers here at @doublezero –– those who understand low level networking and ideally low level blockchain, but we'll settle for one or the other.
Please DM work samples to @eden_ or myself - must include samples, no agencies.
Please DM work samples to @eden_ or myself - must include samples, no agencies.
Latency is misunderstood in blockchain.
System response is meaningful - but that’s “intrinsic latency” meaning the delay internal to the system. E.g. from the moment you get a tx to the leader how long until it’s confirmed by the network or sequencer?
“Extrinsic latency” is about how long it takes data to get to the leader — on average — which is extremely importation. A single sequence will always have bad extrinsic latency because it only exists at one point on earth
A perfectly evenly districted POS network (population weighted) is the best you can do on a single block producer for extrinsic latency
Multiple concurrent leaders can shorten this even more.
System response is meaningful - but that’s “intrinsic latency” meaning the delay internal to the system. E.g. from the moment you get a tx to the leader how long until it’s confirmed by the network or sequencer?
“Extrinsic latency” is about how long it takes data to get to the leader — on average — which is extremely importation. A single sequence will always have bad extrinsic latency because it only exists at one point on earth
A perfectly evenly districted POS network (population weighted) is the best you can do on a single block producer for extrinsic latency
Multiple concurrent leaders can shorten this even more.
Come ask your questions about DoubleZero and the IBRL future
Our upcoming @ValidatedPod on @JupiterExchange with @kashdhanda is an epic master class in operating a high-growth high-output crypto startup
Going on @Cointelegraph livestream in 30 mins to talk @doublezero from @proofoftalk
Someone please build a product that gives me a local virtual (tap to pay) credit card in local currency in any country that can be funded with stablecoins with a reasonable exchange rate.
the new @timedotfun app makes it 10x easier to use as a coinator
The end state of a blockchain for execution is simple
1) Median fees approach the cost of processing a transaction (opex + capex of validator + rpc) because there are many block builders and plenty of block space
2) Prioritization fees of all types (native priority mechanisms + others) for high economic opportunity events increase (!) because there are lots of actors wanting to take advantage of them, creating competition
3) Capacity tracks with demand (always lags a bit) allowing for sufficiently-abundant blockspace
4) aggregate revenue of the network increases while median fees are flat of decrease.
this last one is a bit complex: there are two things to optimize for in blockpacking. 1) high contention limited duration economic opportunities like an arbitrage or liquidation or nft mint for which traders have a high fee tolerance (In the tradfi world this is largely externalized through the costs bore by HFT firms on the infra side) and 2) a volume game on fitting as many base fees (low paying txs) into a block as possible
This is it.
1) Median fees approach the cost of processing a transaction (opex + capex of validator + rpc) because there are many block builders and plenty of block space
2) Prioritization fees of all types (native priority mechanisms + others) for high economic opportunity events increase (!) because there are lots of actors wanting to take advantage of them, creating competition
3) Capacity tracks with demand (always lags a bit) allowing for sufficiently-abundant blockspace
4) aggregate revenue of the network increases while median fees are flat of decrease.
this last one is a bit complex: there are two things to optimize for in blockpacking. 1) high contention limited duration economic opportunities like an arbitrage or liquidation or nft mint for which traders have a high fee tolerance (In the tradfi world this is largely externalized through the costs bore by HFT firms on the infra side) and 2) a volume game on fitting as many base fees (low paying txs) into a block as possible
This is it.
Just recorded a great episode with @valkenburgh of @coincenter
dropping next week 👀
dropping next week 👀
WBRL
US dollar stablecoins and the Genius Act are:
Pro America
Pro innovation
Pro capital markets
Pro dollar dominance
Don’t mid curve this one
Pro America
Pro innovation
Pro capital markets
Pro dollar dominance
Don’t mid curve this one
If Solana is going to propose enforcing fee-based ordering it should be done at the smallest logical unit (e.g. shred) – not the block level.
Block level fee ordering enforcement will just push everyone to build a block at the least possible moment, make the network slower, and make it harder to increase CUs
Block level fee ordering enforcement will just push everyone to build a block at the least possible moment, make the network slower, and make it harder to increase CUs
I’ve been incredibly impressed with the success of @anza_xyz. When they spun out of Solana Labs it wasn’t clear if anything would change. But two years later I think it’s fair to say that separation has given them room to refocus on what matters and pushing Agave to extreme levels of performance.
At the same time they’ve attracted top tier new hires, spun up an expert research arm, and are shipping faster.
Really a joy to see
At the same time they’ve attracted top tier new hires, spun up an expert research arm, and are shipping faster.
Really a joy to see
I would be all for KYC/AML if it meant businesses knew their customers and money was not laundered
Catch me this Friday at Consensus Toronto
The greatest mistake is thinking the problem was solved because the price went up
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