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Bankless

Multi-Proposers & The Future Of Ethereum

Bankless

[email protected]

Tech News, News, Technology

4.81.1K Ratings

🗓️ 1 September 2024

⏱️ 121 minutes

🧾️ Download transcript

Summary

In this special early access episode we're joined by Paradigm's Georgios Konstantopoulos and Charlie Noyes, along with Max Resnick from Special Mechanisms Group to discuss a possible change in direction for one part of the Ethereum Roadmap.

This is a deeply technical episode that covers the history of MEV and new innovations that plan to change it all from the comfort of David's apartment studio, enjoy.

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TIMESTAMPS
00:00:00 Start
00:05:14 Intro To Our Guests
00:09:21 Proposer Builder Seperation
00:12:39 Stepping Forward vs Patching
00:19:35 Getting Rid Of MEV?
00:26:35 Inclusion Lists
00:40:14 What is Braid?
00:50:43 The Bear Case
01:06:37 Vitalik's Take
01:10:53 The Benefits of Braid
01:20:28 L2 Centric Roadmap Changes?
01:36:26 How's Rust Going?
01:44:49 Other Exciting Roadmap Updates
01:57:52 Call To Action

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RESOURCES

Georgios: https://x.com/gakonst

Max: https://x.com/MaxResnick1

Charlie: https://x.com/_charlienoyes

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

Transcript

Click on a timestamp to play from that location

0:00.0

Bankless Nation, we got a treat for you today on the show.

0:07.0

A pretty special episode recorded all in person in my New York studio

0:10.8

with some of the three biggest brain researchers in the

0:13.6

Ethereum space, Charlie Noise and Georgios Constantinople from Paradise

0:17.6

and Max Reznik from Special Mechanisms Group, discuss a possible

0:21.8

change in direction for one part of the

0:24.0

Ethereum roadmap. Max has recently introduced Braid which is a development

0:29.0

framework for changing how execution works on the Etheorem layer one.

0:33.0

Instead of there being a single person who proposes a block,

0:36.0

multiple people come together using a clever mechanism

0:39.0

to co-create a block together.

0:41.0

This has properties that Max believes are far more fair and efficient when it comes to transaction ordering and MEV.

0:48.0

The part of the Ethereum roadmap that this relates to the most is the scourge, where Ethereum attempts to deal with the scourge that is

0:54.2

MEV and its centralizing and corrupting impact upon blockchains. Multiple concurrent

0:59.3

proposers or multi-proposers for short Max believes is a better and more elegant way to achieve

1:05.1

the goals that Ethereum is trying to achieve with its Gourge roadmap.

1:09.5

While Max's Braid framework is not complete and more research is needed. It is nonetheless

1:13.5

peak to the interest of many other mechanism designers and auction thinkers that are

1:18.1

out there in the crypto space. So today on the show you're going to hear a history of MEV on

1:23.4

eTheium and how ethereal researchers have dealt with the reoccurring

1:27.0

monster that is MEV at different stages in ethereal timeline to where we are

1:31.5

today with the current

...

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