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Shadow Realms: Decrypting Privacy with Penumbra’s Henry de Valence

The Delphi Podcast

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The Potential of Threshold Decryption in Chains

There's all this like mechanical arbitrage and like like bullshit rent seeking that comes from trying to game that part of the system. But then people build economic mechanisms that rely on a kind of finer notion of time, which is actually provided by the chain. If the system is coming to consensus on transactions in batches called blocks, then it should be processing them also in batches. Yeah. So that's a great insight actually because I can definitely see how that can alleviate a lot of the MEV like negative externalities of MEV,.

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