MaxResnick1
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The new mayor of NYC wants the city to take over grocery stores. Very bullish for mechanism designers. Personally I'm excited to apply my experience working on Solana queues to NYC bread lines.
Experienced teams from across the industry who want to build efficient markets are reaching out asking about building with ACE on Solana.
Without revealing too much about our immediate plans (announcement coming soon) I can say that Solana development philosophy is to talk with apps, figure out what is going wrong, and fix the problems quickly.
If changes need to be made to make sure that Solana can be the home of the worlds most liquid markets, we will make them. Right now it looks like the market structure would actually work really well (at least considerably better than today) if we could just get good transaction landing. This is because of prioritization based on prio_fee/requested CU in the scheduler. To that end we have deployed the artillery (@alessandrod) to dramatically reduce landing latency and jitter. I'll report back with before/after metrics once the changes we identified so far land.
Without revealing too much about our immediate plans (announcement coming soon) I can say that Solana development philosophy is to talk with apps, figure out what is going wrong, and fix the problems quickly.
If changes need to be made to make sure that Solana can be the home of the worlds most liquid markets, we will make them. Right now it looks like the market structure would actually work really well (at least considerably better than today) if we could just get good transaction landing. This is because of prioritization based on prio_fee/requested CU in the scheduler. To that end we have deployed the artillery (@alessandrod) to dramatically reduce landing latency and jitter. I'll report back with before/after metrics once the changes we identified so far land.
Experienced teams from across the industry who want to build efficient markets are reaching out asking about building with ACE on Solana.
Without revealing too much about our immediate plans (announcement coming soon) I can say that Solana development philosophy is to talk with apps, figure out what is going wrong, and fix the problems quickly.
If changes need to be made to make sure that Solana can be the home of the worlds most liquid markets, we will make them. Right now it looks like the market structure would actually work really well (at least considerably better than today) if we could just get good transaction landing. This is because of prioritization based on prio_fee/requested CU in the scheduler. To that end we have deployed the artillary (@alessandrod) to dramatically reduce landing latency and jitter. I'll report back with before/after metrics once the changes we identified so far land.
Without revealing too much about our immediate plans (announcement coming soon) I can say that Solana development philosophy is to talk with apps, figure out what is going wrong, and fix the problems quickly.
If changes need to be made to make sure that Solana can be the home of the worlds most liquid markets, we will make them. Right now it looks like the market structure would actually work really well (at least considerably better than today) if we could just get good transaction landing. This is because of prioritization based on prio_fee/requested CU in the scheduler. To that end we have deployed the artillary (@alessandrod) to dramatically reduce landing latency and jitter. I'll report back with before/after metrics once the changes we identified so far land.
Fartcoin quants have been doing TAM calculations all wrong. They considered the total addressable market for digital natural gas based on the total quantity of human produced methane. but the largest producers of methane aren't humans they are livestock.
Its simple math.
Hot air rises.
Its simple math.
Hot air rises.
Today the US government eliminated the Fordow and Isfahan facilities in Iran where—deep underground—sandwiching validators were operating Solana nodes in secret. When the Trump administration reached out for assistance locating these validators I immediately curled their IP addresses and sent the (lat,lon) directly to the pentagon through my private line powered by DoubleZero. The information was quickly ingested into internal pentagon servers using XDP at line rate. Representatives from the Anza Invalidator team special operations division within the pentagon acted immediately on the information and deployed four B2 bombers carrying bunker buster munitions to the region. The sandwiching validators have been reduced to ash and their leader slots are lying dormant. Thanks to the members of the Anza invalidator team who risked their lives to carry out this mission. God bless America, God bless Solana, and may your transactions always be fast and cheap. Good night.
Open AI, Anthropic, Gemini, and Deep Seek are the frontier labs of AI. Which places in crypto are frontier labs today pushing the boundaries of the technology?
Anza/FD are obvious. Mysten certainly deserves consideration. Which others should be considered frontier labs?
Anza/FD are obvious. Mysten certainly deserves consideration. Which others should be considered frontier labs?
Market structure influencers on twitter would have you believe that Solana cannot compete with tradfi because it is a decentralized network. The numbers don’t the support narrative.
Today Solana spot spreads are sub 1 bps, in many cases even tighter than Binance.
This is because of permissionless innovation from Solfi, Obric, ZeroFi and others. We are going to accelerate that by giving app developers even more tools to innovate on the market structure.
Today Solana spot spreads are sub 1 bps, in many cases even tighter than Binance.
This is because of permissionless innovation from Solfi, Obric, ZeroFi and others. We are going to accelerate that by giving app developers even more tools to innovate on the market structure.
Modern blockchains require modern solutions.
Fartcoin is digital liquified natural gas
Hot air always rises
Hot air always rises
On static transactions:
Transactions should be fully static at submission.
Why: Sequencers must be able to reason about transactions without executing them. And validators should be able to reason about block validity without executing the block.
All sequencing-relevant inputs including but not limited to:
1. Fee Payer
2. Resource usage and fees charged
3. Insructions
4. Read and write access list
Should be contained within the transcation.
In fact, even which accounts are loaded should be static and not manipulable in the runtime to avoid cache misses (you certainly should be able to not read something that you asked for but you should not be able to read something that you didn't ask for).
If the sequencer can’t simulate your transaction’s account locks and resource use without access to the runtime, its too dynamic.
Transactions should be fully static at submission.
Why: Sequencers must be able to reason about transactions without executing them. And validators should be able to reason about block validity without executing the block.
All sequencing-relevant inputs including but not limited to:
1. Fee Payer
2. Resource usage and fees charged
3. Insructions
4. Read and write access list
Should be contained within the transcation.
In fact, even which accounts are loaded should be static and not manipulable in the runtime to avoid cache misses (you certainly should be able to not read something that you asked for but you should not be able to read something that you didn't ask for).
If the sequencer can’t simulate your transaction’s account locks and resource use without access to the runtime, its too dynamic.
"Why is p90 wait time on ping thing still so long?"
I think most people (who work on fee markets) understand that wait time in a FIFO m/m/1 queue with excess capacity is long tailed. That is most of the time you arrive when the queue is empty but some small % of the time the queue is full and when its full the wait time is super long in expectation when this happens.
What people might not realize is that this is also the case for priority queues for any given priority level. Supose you are paying a priority fee that is higher than 30% of the other incoming traffic. Then your wait time in the priority queue is at least as long as under the FIFO queue with 70% load, and probably higher and much longer tailed because if you are sitting in the queue, any transactions with a higher priority fee that arrive go before you.
I think most people (who work on fee markets) understand that wait time in a FIFO m/m/1 queue with excess capacity is long tailed. That is most of the time you arrive when the queue is empty but some small % of the time the queue is full and when its full the wait time is super long in expectation when this happens.
What people might not realize is that this is also the case for priority queues for any given priority level. Supose you are paying a priority fee that is higher than 30% of the other incoming traffic. Then your wait time in the priority queue is at least as long as under the FIFO queue with 70% load, and probably higher and much longer tailed because if you are sitting in the queue, any transactions with a higher priority fee that arrive go before you.
Solana is not focused on CLOBs, FCFS, cancels before takes, or any other market structure. There are no Zealots here, only pragmatic people who want the tightest most liquid markets to exist on Solana. Whichever market structure leads to that is fine with us. But the reality today is that if an app wants to expirement with some new market structure Solana isn't the place to do that. Applications don't control their own sequencing on Solana, Validators do. That is not going to work long term.
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