WTF IS A "REAL-TIME" BLOCKCHAIN?
We often use the term "real-time" when referring to MegaETH, but what does that mean?
It is our intention to create a blockchain that minimizes the user feedback loop to web2-comparable levels.
We define that "loop" in our whitepaper as the the transaction lifecycle, illustrated below:
(expand alt-text for an color code explainer)
Put simply, it is the time it takes from your transaction being submitted to the chain to the effects of that transaction being displayed by, and acted upon, by the ecosystem.
• A resting sell order submitted to the onchain CLOB
• An open bid on a hot NFT
• A player changing in-game zones
All normal onchain interactions today that have an extended lag time due the pace of state updates.
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How can a chain reduce that lag time?
If it's a chain utilizing the EVM, then it only has a few component it can actually impact:
• Reduction of block times
• Tooling which assists the ability of nodes to keep up
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How big of an impact are those two items?
Lets have a look. Below, we'll:
• Compare popular EVM block times
• Normalize the things outside of a chain's control (e.g. user latency-to-node)
• Overlay thresholds from Nielsen's widely-cited "Usability Engineering" research paper, delineating the points where user experience fundamentally changes.
Visualized:
(all latency times are normalized to 100ms, which is the avg of half the world's circumference)
A few observations:
• Today's block times are very-clearly the largest contributor to the "feedback loop" from the start beginning of this thread
• Even "fast" EVM chains today break a users flow of thought (~1s)
• Even for co-located solutions minimizing latency on popular chains, "instantaneous" perception is an impossibility due to their block times
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Conclusion
Our target is not only to reach real-time, but to build a system that can do it in a consistent and stable manner so that the everyday user experience is on-par with web2 solutions.
Did this thread give you an idea? Build with us!
Are you just excited to play with real-time apps? Join the community!
The future of blockchains will be rabbit speed.
Long, increase leverage, share pnl.
Valhalla (@valhallaperps) is innovating on-chain perpetuals enabling new opportunities and juicier yields on the MegaETH ecosystem.
Just joined the waitlist and stacking alpha in real-time.
Join here 🦅 https://t.co/ojwWyRw1Kr
I just preordered #Chapter2 from @solanamobile! If you missed out on Solana Saga, don't miss out on what's next, and the chance to refer others and climb the leaderboard. https://t.co/N8FbIhuIsO
Why I hodl @SolanaPawnStars:
✅ - Holders only auctions on defaulted NFTs
✅ - Passive Income from percentage of Pawn Shop revenue
✅ - Paid every two weeks directly in Sol, no staking, no alt coin
✅ - 20% off pawn shot interest rates for holders
#SolanaNFT#passiveincome#Sol
Did someone say reduced loans for SPS Holders?
If u have a @SolanaPawnStars NFT in your wallet you will receive a 20% discount on the standard interest
10% for non SPS Holders
8% for SPS Holders
Feeling generous and considering extending to active DAO's any thoughts on who? 👀
35% of our loaning pool is currently in "active loan"
This is across 27 collections and 55 NFTs with a combined Floor price of 245 $SOL
Its great to see our analytics' systems working as designed. Opening up SPS loaning services to a wide range of #SOLANA NFT collections (250+)