7Layer | Overclock Validator
15.9K posts
7Layer | Overclock Validator
@7LayerMagik
You may have heard about Solana's local fee markets, but what are they and why do they exist? The goal of this thread is to help you understand the structure of Solana's blockspace so that you can understand how it is that local fee markets emerge. 🧵🧵- All this for 7 tps 🧐The largest #bitcoin mine in America. Riot Blockchain in Texas computes 10,500,000,000,000,000,000 mathmatical algorthithms every second in a global race to secure the next block of the blockchain.
- How much security is a L2 actually inheriting from Ethereum if DA is posted on Celestia? Is it mostly a meme?
- Note that "AWS chain" Solana has 71 out of around ~1900 validator nodes (< 17% of stake) on AWS vs Ethereum which has over 50% of validator nodes on AWS.Replying to @sunnydeceTo better understand network-wide correlation risks, it's helpful to zoom out and consider the wider ecosystem. Prysm accounts for an estimated 42% of validator client usage, Geth represents 76% of execution client usage, and AWS hosts 51% of Ethereum nodes.
- Sol price volatile af? Chain still gud af
- Ethereum currently extracts ~$19 million dollars per week from users through txn fees. That is more than enough to pay for one year of hardware/bandwidth costs for 4000 Solana validator nodes (~$400/month), which is over half the reported network size of Ethereum atm (~7k nodes).
Every 24hrs, Solana issues $1.8m of $SOL, while capturing just $41,000 in fees, to deliver all this bandwidth - Kevin Fucking Bowers was shipping Firedancer on a Saturday. This is all I needed to see anon github.com/firedancer-io/…1/ We, like all of you, were shocked by the events that unfolded over the past week. Jump's exposure to FTX was managed in accordance with our risk framework and we remain well capitalized.
- Replying to @weremeow @Slerfsol and @JupiterExchangeYou should donate it to ZachXBT instead. People should learn their lesson here
- We've been seeing a ton of repetitive questions about scam NFTs on reddit, so I made this guide for people on there. Let me know if you have any feedback/edits please.
- Just putting my thoughts out there... Solana has definitely improved in stability since '22 but I think Solana Labs, Foundation, etc should prioritize even more in depth stress testing of Testnet over things like Move, Solang, and more markety stuff if they can move resources.
- Solana's batch processing design is really killing me. It seems so glaringly obvious we could get huge throughput improvements during IDOs/NFT drops with a redesign and that this issue can be shape-rotated in advance of the Quic changes, which I think are a bandaid.
