Multi-chain world is not what we think it is

In my previous post, I discussed the inevitability of a multi-chain world, a perspective that remains relevant. However, recent developments have added nuance to my view. - Hyperliquid validated the app-chain thesis in an unexpected way. - Most of the newly launched blockchains are VC funds in disguise.

Movement Against Global Consensus

Global consensus is a critical feature of many blockchain architectures. It ensures the entire network agrees on the validity of transactions and the state of the blockchain. However, this mechanism has become one of the primary bottlenecks in scaling blockchains and expanding the on-chain economy. The reliance on global consensus is a bottleneck because not every transaction requires the entire network’s validation. For instance, the whole world doesn’t need to know that you bought a coffee ...

Taxonomy of transaction sequencing mechanisms 2.0

This post is a brief overview of sequencing rules and their effect on transaction execution fairness. Sequencing rules can be applied on different le...