Introducing the $MEGA token.
$MEGA will enable two core features of MegaETH
→ Sequencer Rotation
→ Proximity Markets
Combined, these mechanisms will provide users with minimal end-to-end latency while driving colocation value goes back to token holders.
The throughput of a well-engineered high-perf validium will not be in the same ballpark as an L1; it must be *much higher than all the alt-L1s combined* (or we have failed at our job).
👇Yep, that's why MegaETH is focusing on 1) boosting EVM execution performance and 2) mitigating the state growth problem. We are going to make DA the bottleneck again😃
Thank you @sreeramkannan! MegaETH is working hard to address the execution bottlenecks of EVM and we believe a serverless cryptoeconomic coprocessor based on @eigencloud will be an important use case of our technology.
Spotted another gud thread😃Love to see more and more people start to (re-)think about high-perf blockchain design:) These points are definitely in the right direction, although the conclusions may be a bit off based on our experience. 🧵1/4
tl;dr: index != authentication
db indexes: B+-tree, LSM-tree, hashtable, trie, ...
auth. data structures: merkle patricia tree, jelly merkle tree, verkle tree, ...
Note: most auth. structures are variants of trie, so they can be used as index too (but they are not better).
🧵There is a common misunderstanding about parallel evm because people often conflate parallelism & concurrency.
In a nutshell, a parallel evm provides 2 major benefits:
1) harness more cores to exec. txn in parallel
2) reduce cpu stalls due to IO lat. by switching to another tx
Huge congrats on releasing Reth v0.2.0-beta.1🎉🎉 Reth provides a very performant baseline impl. of the Ethereum exec client, so MegaETH can explore novel optimizations & tradeoffs at L2s. Looking forward to contributing more back to Reth. Exciting times ahead for Ethereum & L2s!
We will be talking about:
- heterogeneous network design
- node specialization
- streaming-based EVM execution engine
- state sync
and
- building real time applications with @0xMegaMafia