TIMi Américas

A pair of projecting wings (two resistances) from a fortress (exchange). Flanking. Still extending.

[TIMi Américas @hornwork_ext]

Creadores de la herramienta más poderosa de advanced analytics para big data, alta en eficiencia, velocidad y simplicidad.

#CreativityThroughEfficiency

[vitalik.eth @VitalikButerin]

Finally, the block building pipeline.

In Glamsterdam, Ethereum is getting ePBS, which lets proposers outsource to a free permissionless market of block builders.

This ensures that block builder centralization does not creep into staking centralization, but it leaves the question: what do we do about block builder centralization? And what are the _other_ problems in the block building pipeline that need to be addressed, and how? This has both in-protocol and extra-protocol components.

## FOCIL

FOCIL is the first step into in-protocol multi-participant block building. FOCIL lets 16 randomly-selected attesters each choose a few transactions, which *must* be included somewhere in the block (the block gets rejected otherwise). This means that even if 100% of block building is taken over by one hostile actor, they cannot prevent transactions from being included, because the FOCILers will push them in.

## "Big FOCIL"

This is more speculative, but has been discussed as a possible next step. The idea is to make the FOCILs bigger, so they can include all of the transactions in the block.

We avoid duplication by having the i'th FOCIL'er by default only include (i) txs whose sender address's first hex char is i, and (ii) txs that were around but not included in the previous slot. So at the cost of one slot delay, only censored txs risk duplication.

Taking this to its logical conclusion, the builder's role could become reduced to ONLY including "MEV-relevant" transactions (eg. DEX arbitrage), and computing the state transition.

## Encrypted mempools

Encrypted mempools are one solution being explored to solve "toxic MEV": attacks such as sandwiching and frontrunning, which are exploitative against users. If a transaction is encrypted until it's included, no one gets the opportunity to "wrap" it in a hostile way.

The technical challenge is: how to guarantee validity in a mempool-friendly and inclusion-friendly way that is efficient, and what technique to use to guarantee that the transaction will actually get decrypted once the block is made (and not before).

## The transaction ingress layer

One thing often ignored in discussions of MEV, privacy, and other issues is the network layer: what happens in between a user sending out a transaction, and that transaction making it into a block? There are many risks if a hostile actor sees a tx "in the clear" inflight:

* If it's a defi trade or otherwise MEV-relevant, they can sandwich it
* In many applications, they can prepend some other action which invalidates it, not stealing money, but "griefing" you, causing you to waste time and gas fees
* If you are sending a sensitive tx through a privacy protocol, even if it's all private onchain, if you send it through an RPC, the RPC can see what you did, if you send it through the public mempool, any analytics agency that runs many nodes will see what you did

There has recently been increasing work on network-layer anonymization for transactions: exploring using Tor for routing transactions, ideas around building a custom ethereum-focused mixnet, non-mixnet designs that are more latency-minimized (but bandwidth-heavier, which is ok for transactions as they are tiny) like Flashnet, etc. This is an open design space, I expect the kohaku initiative @ncsgy will be interested in integrating pluggable support for such protocols, like it is for onchain privacy protocols.

There is also room for doing (benign, pro-user) things to transactions before including them onchain; this is very relevant for defi. Basically, we want ideal order-matching, as a passive feature of the network layer without dependence on servers. Of course enabling good uses of this without enabling sandwiching involves cryptography or other security, some important challenges there.

## Long-term distributed block building

There is a dream, that we can make Ethereum truly like BitTorrent: able to process far more transactions than any single server needs to ever coalesce locally. The challenge with this vision is that Ethereum has (and indeed a core value proposition is) synchronous shared state, so any tx could in principle depend on any other tx. This centralizes block building.

"Big FOCIL" handles this partially, and it could be done extra-protocol too, but you still need one central actor to put everything in order and execute it.

We could come up with designs that address this. One idea is to do the same thing that we want to do for state: acknowledge that >95% of Ethereum's activity doesn't really _need_ full globalness, though the 5% that does is often high-value, and create new categories of txs that are less global, and so friendly to fully distributed building, and make them much cheaper, while leaving the current tx types in place but (relatively) more expensive.

This is also an open and exciting long-term future design space.
https://t.co/CdpE9ugFxE

[CZ 🔶 BNB @cz_binance]

Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do. I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself.

Binance is no longer a baby. It is time for me to let it walk and run. I know Binance will continue to grow and excel with the deep bench it has.

I’m pleased to announce that @_RichardTeng, our now former Global Head of Regional Markets, has been named the new CEO of Binance today.

Richard is a highly qualified leader and, with over three decades of financial services and regulatory experience, he will navigate the company through its next period of growth. He will ensure Binance delivers on our next phase of security, transparency, compliance, and growth.

Prior to joining Binance, Richard was CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM); Chief Regulatory Officer of the Singapore Exchange (SGX); and Director of Corporate Finance in the Monetary Authority of Singapore.

With Richard and the entire team, I’m confident that the best days for @Binance and the crypto industry lay ahead.

As a shareholder and former CEO with historical knowledge of our company, I will remain available to the team to consult as needed, consistent with the framework set out in our U.S. agency resolutions.

What’s next for me?

I will take a break first. I have not had a single day of real (phone off) break for the last 6 and half years.

After that, my current thinking is I will probably do some passive investing, being a minority token/shareholder in startups in areas of blockchain/Web3/DeFi, AI and biotech. I am happy that I will finally have more time to spend looking at DeFi.

I can’t see myself being a CEO driving a startup again. I am content being an one-shot (lucky) entrepreneur. Should there be listeners, I may be open to being a coach/mentor to a small number of upcoming entrepreneurs, privately. If for nothing else, I can at least tell them what not to do.

On that note, I am proud to point out that in our resolutions with the U.S. agencies they:

- do not allege that Binance misappropriated any user funds, and
- do not allege that Binance engaged in any market manipulation.

Funds are SAFU!

With that, I look forward to seeing the new leadership take the reins. Please join me in congratulating Richard on his well-deserved promotion.

Onwards!

CZ

[TIMi Américas @hornwork_ext]

What's your take? 👇

[TIMi Américas @hornwork_ext]

Crypto never sleeps and neither does my portfolio tracker 😅 Every day there's something wild happening in this space. The momentum feels real right now. Who else is glued to the charts today? #crypto

[Watcher.Guru @WatcherGuru]

JUST IN: 🇺🇸 White House Official Patrick Witt says they're aiming to pass crypto Clarity Act by July 4th.

[TIMi Américas @hornwork_ext]

¿Sabías que en el mundo alrededor de 2 mil millones de personas celebran navidad
🎅🎄✨?

Gracias por ser parte de la familia TIMi, fue un año de crecimiento junto a nuestros usuarios y aliados, deseamos seguir cosechando éxitos el próximo año.

#FelicesFiestas

[TIMi Américas @hornwork_ext]

Seguimos trabajando para transformar el mundo a través de la analítica de datos e inteligenica artificial, LIVDATA SUMMIT 2023 organizado por DMC Perú.
¡Te esperamos el próximo viernes 15 y sábado 16 de septiembre! https://t.co/HKq5K3MDM9
https://t.co/a2Gz4TtRkB

[TIMi Américas @hornwork_ext]

@HPPeru hola buen día, en Lima a ¿cuál centro técnico se puede llevar una laptop por problemas de batería? Gracias.

[TIMi Américas @hornwork_ext]

Gracias por habernos mantenido en el top de las compañías líderes en el mercado, para nosotros fue un año de crecimiento y expansión. Seguiremos trabajando para contrinuir al fortalecimiento de la industria analítica en la región. ¡Felices fiestas y próspero 2023!

[TIMi Américas @hornwork_ext]

Estamos felices de anunciar, TIMi Suite es la #1🥇 en la categoría #DataScience y #MachineLearning en G2 🥳🎉🎊 en el mundo🌎.

Conoce qué es lo que hace que TIMi Suite sea líder en la categoría aquí https://t.co/MFL8JljGNB

[TIMi Américas @hornwork_ext]

Daniel, Data Scientist y Executive Director de TIMi "En #segmentación los resultados cambian dependiendo de las variables que se guarden en la estructura. Cada respuesta tiene un impacto a nivel gerencial", TIMi te apoya en este proceso. Mira más aquí https://t.co/0t6MWgeIns

[TIMi Américas @hornwork_ext]

Programa flujos de datos con pocos clics en #Anatella, al ejecutar el script crearás un nuevo archivo con la fecha actual de manera automática. Conoce más aquí https://t.co/ye6sWHUYVR
#DataPrep #CreativityThroughEfficiency

[TIMi Américas @hornwork_ext]

Descarga tus archivos de Google Drive en segundos con #Anatella por medio de los nodos que tiene diseñados para facilitarte tu trabajo. Conoce aquí cómo puedes desbloquear los servicios para acceder de manera ágil a la información https://t.co/s8Wo1vsCgm.

[TIMi Américas @hornwork_ext]

¿Tienes alojados tus archivos en Google Drive? ¿La descarga tarda mucho tiempo? Con #Anatella puedes acceder a tus archivos en unos cuantos clics para realizar transformaciones ahorrando tiempo. Guíate por este video tutorial https://t.co/KEy97JeEqj

#CloudServices #TIMi

[TIMi Américas @hornwork_ext]

Configura los servicios de Google, descarga archivos o carpetas de Google Drive y procesa la información desde #Anatella en pocos clics para extraer lo que necesites. Es un proceso sencillo que te permitirá ahorrar tiempo. https://t.co/ba518nsI0n
#CreativityThroughEfficiency

[TIMi Américas @hornwork_ext]

Ahorra tiempo y aprende a desbloquear los servicios de Google, para que puedas descargar archivos de Google Drive y manipular la información desde en #Anatella en pocos clics. Aquí puedes ver cómo hacerlo https://t.co/ba518nsI0n
#CreativityThroughEfficiency

[TIMi Américas @hornwork_ext]

"Si una empresa está en la etapa de analitica localizada es porque tiene áreas en donde a través del uso de la analitica y estadistica descriptiva ve mejoras en la gestión del negocio". Augusto, director de Inteligencia de Negocios para Banco Pichincha.
https://t.co/rKLW8Jcngo

[TIMi Américas @hornwork_ext]

Uno de los principales bancos de Europa, tuvo como objetivo identificar compañías internacionales interesadas en un producto específico, el reto era realizar un modelo predictivo para una población pequeña. https://t.co/20gW9ZqC2L
Aquí antes y después de usar #TIMiSuite

[TIMi Américas @hornwork_ext]

IoT es un concepto que se ha vuelto popular en los últimos años; sin embargo, llevamos conviviendo con el desde hace décadas, dejamos huella digital en cada interacción que hacemos hoy en día. #Anatella ofrece una solución lista para usar. Conoce más https://t.co/8OJCgoaPc9

[TIMi Américas @hornwork_ext]

TIMi ofrece una solución a los problemas de #DataQuality y #Datacleaning para los #DataScientist, desde la extracción y la calidad de los datos hasta una parte visual con kibella.
https://t.co/wY3tjE1ECv #Analytics