The Gwart Show | Bitcoin Tech & Culture TOOL, Or How To Get 1 Second Confs On Ethereum
Dec 1, 2024
Explore the ambitious potential of a Trustless Orderflow Operations Layer that promises to enhance Ethereum's transaction speeds and security without major protocol changes. Delve into the role of Validators in optimizing network performance and the significance of collaboration between Wintermute and Flashbots in developing arbitrage strategies. The conversation also highlights the controversies surrounding Trusted Execution Environments versus Zero-Knowledge proofs and examines the ongoing challenges and innovations within the Ethereum community.
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Collaboration with Wintermute and Flashbots
- 0xPrincess collaborated with Wintermute and Flashbots on end-of-block arbitrage.
- This collaboration showcased trustless information exchange between searchers and builders using TEEs.
Order Flow Dominance
- Order flow became a dominant factor in block production, similar to traditional finance.
- This was not fully anticipated during PBS development, highlighting crypto's convergence with traditional finance dynamics.
Ethereum's Development Split
- Ethereum's community is divided on development priorities, hindering rapid progress.
- This split led to the off-protocol solution, TOOL, aiming to bypass base-layer changes and avoid controversy.