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Introducing Constellation: a multiple concurrent proposers protocol for Solana. With proposers operating on a 50ms cycle, Constellation gives Solana the fastest protocol enforced economic tick rate of any blockchain.🧵

379,063 просмотров • 2 месяцев назад •via X (Twitter)

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My conversation with Max Resnick As a researcher pushing the frontier of Solana's market structure, Max is relentlessly focused on the engineering required to turn a general-purpose L1 into credibly neutral, high-performance financial infrastructure. He and Anza are doing the hard protocol level work to mitigate bad MEV, eliminate colocation advantages, and bring all of finance onchain We spend a lot of time unpacking the shift from single-leader to Multi-Concurrent Leader (MCL) designs and why this change could fundamentally redefine global market structure At the center of this conversation is the Constellation Proposal, 50ms protocol-enforced economic ticks and T+0 settlement, and the belief that true DeFi requires moving beyond the constraints of traditional data center colocation We discuss: - Why multi-proposer designs are necessary to solve the single-leader bottleneck - The end of colocation and what it means for truly decentralized trading - Multiple Concurrent Leaders as a solution to censorship and MEV - The Constellation Proposal, 50ms economic ticks, and latency reduction - Why Solana is the preferred home for high-throughput trading and T+0 settlement - Market making dynamics and dual-flow batch auctions - FCFS vs. priority ordering and the future of on-chain finance Enjoy! Timestamps: 0:00 - Introduction: The Vision for a Decentralized NASDAQ 3:40 - Multi-Proposer Designs: Solving the Single-Leader Bottleneck 11:07 - Constrained Optimization: Balancing Decentralization with Reality 23:50 - Why Solana? High-Performance Trading & T+0 Settlement 32:47 - Deep Dive: The Constellation Proposal & 50ms Economic Ticks 46:00 - Market Making & Dual-Flow Batch Auctions 59:13 - FCFS vs. Priority Ordering: The Future of High-Throughput Finance

Logan Jastremski

19,732 просмотров • 1 месяц назад