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5 minute Muriel Medard masterclass on blockchain latency. - Why it matters (economically) in DeFi - How to lower latency with pure math - The paradigm shift of embracing decentralization to scale

32,004 Aufrufe • vor 13 Tagen •via X (Twitter)

34 Kommentare

Profilbild von Muriel Medard
Muriel Medardvor 9 Tagen

Gmum!

Profilbild von ZumoritoTheGreat
ZumoritoTheGreatvor 12 Tagen

@MurielMedard so much value here

Profilbild von JimmyFX
JimmyFXvor 13 Tagen

@MurielMedard Holy cook!

Profilbild von 𝓫u𝓻𝓪k⁷
𝓫u𝓻𝓪k⁷vor 13 Tagen

@MurielMedard gMumm my famıly

Profilbild von omni...| (web3 sensei)
omni...| (web3 sensei)vor 13 Tagen

@MurielMedard I want moar classes of Muriel mam please 🥺❤️....

Profilbild von Yesim
Yesimvor 13 Tagen

@MurielMedard Definitely worth a watch,gmum

Profilbild von Fay
Fayvor 13 Tagen

@MurielMedard great insights on reducing blockchain latency with math

Profilbild von Tooby
Toobyvor 13 Tagen

@MurielMedard Bullish Optimumm

Profilbild von Quy_Coc_Tien_Sinh
Quy_Coc_Tien_Sinhvor 12 Tagen

@MurielMedard Bullish Optimumm

Profilbild von chidera.skr
chidera.skrvor 12 Tagen

@MurielMedard There's a lot of value here

Profilbild von FuegoDev
FuegoDevvor 11 Tagen

@MurielMedard Well explained

Profilbild von Solsensei
Solsenseivor 13 Tagen

@MurielMedard Lets me see this keep building

Profilbild von tarun ./ ☂️
tarun ./ ☂️vor 11 Tagen

@MurielMedard gmum

Profilbild von guru
guruvor 13 Tagen

@MurielMedard Bullish on optimum

Profilbild von Mesrega
Mesregavor 13 Tagen

@Em3rald4U @MurielMedard gMum Murielmedard

Profilbild von Young Ji
Young Jivor 11 Tagen

@MurielMedard MRS Cooked

Profilbild von 0xHibhee𓃰
0xHibhee𓃰vor 13 Tagen

@MurielMedard Lfg gmum🔥

Profilbild von Osita
Ositavor 12 Tagen

@MurielMedard Lots of wisdom here

Profilbild von Hakan İşleten
Hakan İşletenvor 12 Tagen

@MurielMedard gMUM

Profilbild von Crybabe
Crybabevor 13 Tagen

@MurielMedard 5 minutes pack with so much value

Profilbild von JohnNguyen 🔆
JohnNguyen 🔆vor 12 Tagen

@MurielMedard Bullish Optimumm

Profilbild von saam 🪽
saam 🪽vor 12 Tagen

@MurielMedard Wow that's nice class of optimum

Profilbild von 0x_web3 (evm/acc).nad ⨀⌘
0x_web3 (evm/acc).nad ⨀⌘vor 13 Tagen

@MurielMedard Gmum 🔥

Profilbild von SALI
SALIvor 13 Tagen

@MurielMedard sounds like a game changer for defy

Profilbild von Validatus.com
Validatus.comvor 12 Tagen

@MurielMedard This is looking great

Profilbild von Vick
Vickvor 13 Tagen

@MurielMedard Time to learn something new

Profilbild von Sonne
Sonnevor 13 Tagen

@MurielMedard 5 minutes and a complex topic suddenly becomes much clearer🔥

Profilbild von Steve
Stevevor 12 Tagen

@MurielMedard Won't be missitge next one

Profilbild von AI3 | LINEA | CROAK 🐸| FOXY 🦊| OPTIMUM | SONEIUM
AI3 | LINEA | CROAK 🐸| FOXY 🦊| OPTIMUM | SONEIUMvor 12 Tagen

@MurielMedard Watching @MurielMedard explaining blockchain latency in 5 minutes should be required viewing for anyone building in DeFi. The economic impact + the math solution + the paradigm shift… @get_optimum is quietly solving one of the most underrated problems in crypto.🚀

Profilbild von Hannieee🍄🕉️
Hannieee🍄🕉️vor 10 Tagen

@MurielMedard Bullish Optimumm

Profilbild von Leee
Leeevor 12 Tagen

@MurielMedard Bullish on optimum

Profilbild von ZaRa 💫
ZaRa 💫vor 11 Tagen

@MurielMedard Bullish on optimum 💫🔥

Profilbild von Gare π
Gare πvor 10 Tagen

@MurielMedard This is a great inlustration

Profilbild von fafa.Art
fafa.Artvor 12 Tagen

@MurielMedard Gmum🔥🫶

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The value of the work we're doing at Optimum is encapsulated quite well by the phrase "speed is money". In modern markets there are real economic advantages to latency reduction. This is nothing new. Wall Street firms have long been optimizing on latency, primarily through colocation and top of the line hardware. However, when it comes to decentralized systems, expensive hardware and geographic concentration are antithetical to their purpose. Therefore we should optimize decentralized network latency through software, which I'm thrilled about because it's exactly what I've spent the better part of the past 2 decades working on with Random Linear Network Coding. Now let’s talk about networking economics, the relationship between speed and money. First, it's important to note that users will only pay for low latency if it can be consistently guaranteed. Second, you can only make that latency guarantee for a certain number of users. This is a universal law of networking. We can model this relationship on a delay curve, shown below. The delay curve is determined by the utilization rate of the network, meaning how much traffic is flowing through the network divided by the network's throughput. As you approach a level of traffic equal to the available throughput, latency trends infinitely higher. On this delay curve we can impose some utility thresholds. These thresholds are the levels of latency which are important to different groups of users because of how that latency guarantee improves their economic outcomes. Finding the point on the curve where each threshold intersects will tell us what level of traffic we can guarantee that level of latency for. Essentially, there exists a finite supply of speed on a network and the highest utility users of that speed are willing to pay more for it. I like to think of this similarly to expedited shipping options on Amazon. This is why we say speed is money, and why we can create a Latency Marketplace. The only way to increase the supply of speed is to fundamentally increase network throughput. This is what we work on at Optimum by using Random Linear Network Coding. The same relationship between traffic and throughput still applies, but now the delay curve is shifted out further to the right. Now more traffic can be processed at the same latency, or the same traffic can be processed at a lower latency. More speed available to the network. More value unlocked for the network’s users. Crucially, that value is no longer only reserved for those who can afford to sit closest to the machine. Expanding the supply of speed widens who can reach each latency threshold, keeping the network's advantage decentralized rather than concentrated in the hands of a few. When nodes join Optimum and participate, they reap the benefits, but they also add to the capacity. Rather than vying against each other in a zero-sum game, nodes help themselves and others.

Muriel Medard

45,392 Aufrufe • vor 2 Monaten