The
@megaeth_labs
raise yesterday made me dig in to their docs + socials, and after review I'm getting mega pilled.
TLDR
🔹ETH Layer 2 (EigenDA, so not a rollup)
🔹Targeting performance limited only by hardware
🔹Innovations come by way of node specialization, parallelism and
“Sure, maybe you’ve built the first real-time blockchain… but is the unlock real?”
Come join the user-centric revolution.
Come build the next generation of dapps.
Today is just a start.
We recently launched
@0xMegaMafia
, a 10x builder program working closely with founders that explore the frontier of decentralized real-time applications
This is an open invitation for everyone to join the community
the mafia is throwing a discord AMA tmr with
@GTE_XYZ
our founding team member
@hotpot_dao
will be there along with
@enzocog
to answer any spicy questions you may have
see you there
seeing a lot of real-time on my tl, but have you met the OG real-time team?
props to
@cedosalah
for getting their exit liquidity stories before anyone else
What you guys don’t know is that first thing every morning,
@NamikMuduroglu
and I Signal video call each other (Telegram isn’t secure enough for the contents of our conversation) while in a freezing ice-bath and strategize on how we can Make Ethereum Great Again (MEGA).
Other
"The ETH community is placing their hopes and dreams on agg layers and shared sequencers which are unlikely."
We need to start placing Polymarket bets on teams working in blockchain R&D and shipping things across different ecosystems. Will Ethereum ship shared sequencers and
It is physically impossible to not be bullish after reading the
@megaETH_labs
research paper.
Link:
MegaETH is literally 100x faster than current L1s and L2s.
In turn, this makes
@GTE_XYZ
the FASTEST DEX in the world. Not very fast, but the fastest.
————
@apolynya
: Super performant L2s?
Elementary, my dear Watson, elementary.
————
@megaeth_labs
: Indeed, my dear Holmes!
1G Gas/second coming to an evm dapp near you!
————
A key insight from
@yangl1996
here is that
@megaeth_labs
can achieve lower latency than other chains (1 ms block times vs several hundred ms) because there’s no consensus algorithm in the critical path (where a message would have to travel across several globally distributed
You might get the first one right but then with this 🖕you actually discredited yourself. Maybe you are jealous of Emin, or holding a grudge.
What are your achievements in life, a SOL tweet that might be right? Well congratulations 🎉
You might get the first one right but then with this 🖕you actually discredited yourself. Maybe you are jealous of Emin, or holding a grudge.
What are your achievements in life, a SOL tweet that might be right? Well congratulations 🎉
🙏🏻
August 29th, Thursday Night - NYC 📍
Future Founders Cafe is a space to discuss and brainstorm new ideas with the
@megaeth_labs
and EigenDA teams.
Bring a friend you’ve wanted to introduce to the space or might be looking to start something of their own.
Apply below.
MegaMafia is all about:
- cracked / driven founders
- who believes in sth
- push the frontier of what can be built onchain
- have fun building together
- dripped
are you in?
recorded a podcast today where the hosts asked bro bing what unique apps megaETH will enable.
I could have given the usual answer, aka
@0xMegaMafia
but then i realize that:
no one knew youtube would have been built in the early 2000s. no one knew tiktok would have been built
There are way too many interpretations of what it means to say something "is Ethereum". The claim itself is fundamentally ambiguous.
Is an Ethereum L2 a carbon copy of the Ethereum protocol? Definitely not. L2s are meant to scale Ethereum by exploring different system
i do see a small but nonzero chance in the next ~2 years that a giant l2 that achieves extremely high tps at low cost enabling new use cases that it forces solana go modular
7/ Megaeth is a rollup "unapologetically optimized" for performance
The optimization is achieved by running 1 jacked up sequencer to perform all compute and stream state updates to the rest of the network
As described above, ME can still inherit full Ethereum security
so many folks ask bro bing: why tf can't Layer 1 scale?
well, it turns out that there's a well-known problem called " The Straggler Problem"
here's an explanation from someone who studied distributed system at MIT for 5 years
@yangl1996
Your initial thought of the fact that you think investing $1000 in anything will get you rich is the problem. The greatest investors in the world have an annual average return of ~30%. Maybe read a book on compound interest and educate first than yolo gamble?
Generally, a MegaETH user wishing to confirm a transaction has three options
1. Running a node that does not validate any transaction, but rather listens for state updates from the sequencer––the kind that Keone mentioned. Security comes from the sequencer's preconfirmation and
The secrets out!
I’m officially one of Ansems Angels 😇
Join to view my exclusive content that’s too spicy for the timeline
If you’re the first to grab my Remilio pass.. I’ll fly you out to Berlin and show you an unforgettable time
Grab it before
@blknoiz06
does.. 😉
I have been asked a few times the following question: why is MegaETH pushing the performance envelope? Aren’t current chains fast enough?
My high-level answer would be that blockchains are never fast enough, just like we never complain that a computer is too fast. Here I’ll
Building an Ice Lake SP workstation. Planning to saturate it with Optane DCPMM. Motherboard and CPU have arrived but the case arrives on Thursday. I hope this is not a fire hazard.
Like web2 services, blockchains need to be more heterogeneous in their system architecture. This is a prerequisite for elastic horizontal scaling––it does not feel very practical if every node performs the same job and needs to scale horizontally at the same time.
Web2 systems
In my opinion a better criteria to determine whether a blockchain is an L1 or an L2 should be whether it settles its state onto another chain and regards the latter as final. For now, there is little ambiguity in that––a chain either settles onto another or does not. (Maybe
We definitely spend a ton of energy on improving the sequencer, both on its hardware and software!
However, we can do this exactly because of Node Specialization, and the effort on speeding up P2P state streaming and minimizing tx re-exec. If we did not do these optimizations,
Is the following observation on the current DA landscape correct?
Many DAs today seem to be built as backup communication channels that only kick in when data is unavailable through primary channels like p2p networks. They are not designed to replace a p2p network.
In other
Fully aware of these points, but I appreciate the discussion! As I mentioned in my original tweet, ZK as it is now "does not deliver dramatically better UX––throughput or latency."
On throughput. The rollup throughput is the smaller number between
(1) proof throughput: number of
Agreed. We probably need two terms.
First, the “maximum” finality achievable in a chain. As an example, for an Ethereum rollup that posts block hashes/content to Ethereum, it will be the status of the hash/content being confirmed by Casper. This is because it is reasonable (imo)
Appreciate the discussion and the clarification!
Snap Sync is definitely a huge improvement over Fast Sync because it does not have to download the internal trie nodes or latch on to a fixed snapshot. I got nerd-sniped into the problem exactly after learning Snap Sync 😆
The