3min chapter

Modern Finance cover image

MoFi Consensus — Keeping NFT assets safe, Frontrunning Opensea Insider Information, Snoop Dogg: I am @CozomoMedici, and Arbitrum.

Modern Finance

CHAPTER

Having a Scalable Scalable Network Is a Good Idea, Right?

D se investor: Salana needs to get more people running standard nodes that run it maybe a thousand transactions per second. He says salona wa will serve yous cases that no other block tame will be able to. Keven, always enjoye the operatan to chat with you. Looking forward to and of course, people can find you at, i m d c investor on twitter.

00:00
Speaker 2
And that that was the issue. Well, that was the they actually therim had a potential exploit that came against it here a couple o weeks back, and had no problem, because it was only one client as infected. There was a couple of proposed forks, and then a disconte went back to normal operation, actually, when the ttack didn't work, right? Certaly. That was, that was really cool to see. The one thing i will give slana props for is that they advertised 50 thousand transactions per second. The network failed at around 400 thousand transactions per second, which is just nuts. That actually was able to happencause the but yet was. So it was impressive to see the technology working. But there's a few ye. I think the multiple clines would be a huge one. The number of validators is still right around a thousand. That needs to be ten, 20, 50, a hundred thousand or more. And the issue with salon o thoug is, because it's so performant, it requires bleeding edge hardware to run these notes, right? So, in some sense, a i'm, no, i'm not an engineer working on this project, but like, you almost, like, i feel like salana needs like a slow version and a fast version, where they can get more people running standard nodes that run it maybe a thousand transactions per second, you know. Or i could often say, give me, give me the more performant version of salana if i need it for something, right? But they need that, that diversity in in ldators, and they need sothat that's got to be a big push for them, i'm sure. Ye,
Speaker 1
i think. And i think having this spectrum of decentralization trade offices is good for the eco system, because not everything necessarly needs the same loco security. Even if in the other mico system, as part of that roll up technology that we're talking about earlier, there are technologies like validium, which use a roll up like construct, but the data is store, instead of being stored on chain, it's being stored off chain. And so you have some centralization trade off there. But the difference is that you can do a lot more transactions per second. You can do it a lot more cheaply. So i think that, you know, the market is naturally big enough where you're going to have to mand al across all those levels realistically. Beh
Speaker 2
well, this is as goodby fun to watch. I mean, it certainly, i believe salona wa will serve yous cases that no other block tame will be able to. So that hat that hi ofe through put bute'll see. So offtop. D se investor, thank you so much for for coming on nowhere. Running up on our hour and a half here, and we've got other stuff to do to day. But always a pleasure to get your insights in this crazy, wild world likewise.
Speaker 1
Thank ye. Keven, always enjoye the operatan to chat with you.
Speaker 2
Osam, will have you back on again soon, hopefully. Looking
Speaker 1
forward to
Speaker 2
and of course, people can find you at, i m d c investor on twitter. And that's also how often you write your newsletter, by the way. You
Speaker 1
know, i created that log and i, i, i need, i need, i have a couple of posts and draft, but i haven't gotten around to finishing them. But i feel free to give it o subscribe. And when, when i do push something out, you'll be the first to know. Yes,
Speaker 2
that's that's you and i are in the same boat. I have this newsletter, like, you know, tens of thousand ear siing. They're waiting for some up date, and i' just never have th time to siit. That's right. But hopefully this'll be the more timely contredon pot gess like this. So possum, we'll talk soon.
Speaker 4
Ok. Thanks. Capn.

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