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Economic Back Pressure and Dynamic Base Fees
This chapter explores the economic back pressure mechanism in Solana and the implementation of dynamic base fees. It discusses the importance of managing network load, setting throughput limits, and promoting accountability among validators.
Anatoly Yakovenko joins us for the most information-packed episode on Solana we've ever listened to. It's a masterclass exploration of Solana's architecture and roadmap. We discuss the Saga Chapter 2, fee market optimizations, Jito and MEV, validator profitability, Solana's end game, Firedancer and client diversity, token extensions and more!
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Timestamps
(00:00) Introduction
(01:01) Saga Chapter 2
(10:00) Access Protocol Lab
(11:01) DAS London Plug
(11:58) Solana Fee Market Optimizations
(20:41) Jito’s Role
(22:42) Scheduler Upgrades (1.17 and 1.18)
(25:17) Dynamic Write Lock Fees
(29:55) Wen Slashing?
(33:47) Solana Consensus and Formal Verification
(36:41) The Value of Client Diversity: Liveness vs Safety
(41:10) Are Solana Vote Transactions Just for Pumping TPS?
(44:17) Solana’s End Game
(47:59) Is Economic Security a Meme?
(53:10) Validator Profitability and Inflation
(58:32) Commoditized Data Layers and L2s
(01:03:18) Firedancer Update
(01:10:02) Solana’s New Token Extensions
(01:13:46) Squads Protocol Feature Requests + Jacked Toly
(01:18:18) Advice for Solana Founders
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Resources
Anatoly on Lightspeed
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Disclaimers:
Lightspeed was kickstarted by a grant from the Solana Foundation.
Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Garrett and our guests may hold positions in the companies, funds, or projects discussed.
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