6min chapter

Bankless cover image

Tim Beiko & Justin Drake: The Sci-fi Roadmap to Ethereum

Bankless

CHAPTER

Ethereum and the Future of Cryptocurrency

PBS is going to be some sort of community standard that's outside of consensus. The main thing around PBS is kind of the end game, which is MEV Burn. And so-called "free market" means you can pay very high price for a block but it has upsides and downsides. It says that we will only include on Ethereum the most valuable blocks as defined by the free market because they have more value than anything else. So if you just keep paying this price, which is very high, I'll throw him an underhand. He's like, okay, but I can talk about ZK snarking that or can talk about encrypting that. Yeah.

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