Making Ethereum Great Again | Lei & Namik
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Vast majority of people's interactions with blockchains are via centralized exchanges, trading coins. Right? And, I mean, the the the research is there. Right? When you have to wait 10 seconds for something to happen, you lose your attention. If you have to wait even a second or 2 for something to happen, your intentions are interrupted. Nothing
said on Xerox Research is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. But Kachio, Ryan, and our guests may hold positions in the company's funds or projects discussed. What's up, guys? Welcome back to another episode of Xerox Research. Today, I'm joined by Le and Narmuk from MegaEath. Thanks for coming on, guys. Hey.
Thanks for having us. Before
we get started, it might be helpful to for you guys to give a background on what MegaEath is.
Yeah. So I can give a quick intro. So MegaEath is what we call a real time blockchain. A real time blockchain is a blockchain that is, super fast in terms of both throughput and latency. We're targeting a throughput, a 100 k transactions per second or 10 gigahertz per second and a latency of less than 10 milliseconds or a block time of less than 10 milliseconds. Yeah. So MegaETH is built as a, Ethereum layer 2 and, because that allows us to do something which we call, node specialization. So we hypercentralize the block producer, and, at at any given point in time, there's only 1, set of nodes
was just gonna say we're excited about Netgear because we believe it enables a new, design space for applications. By making the design choices we have, we enable applications which are real time, leveraging our unique, optimizations to build applications which haven't existed before.
Perfect. So you guys answered my next two questions, but I guess let's talk about this term real time blockchain. It's the first time that I've, well, you guys are the first team that is using it. Can you expand a bit on, what exactly it is? Yeah.
So, I mean, I mean, the notion of real timeness, of a computer system, is not, I mean, it's not there in in the blockchain. I I mean, it's not invented in the blockchain space, but rather it's mostly to to kind of describe an operating system or a piece of software that just responds to user interactions with so much responsiveness and, gives the user kind of a a a a feeling that they are talking and they're they're using something that is, like, alive. Right? So a comparison would be so, I mean, I would draw, like, 2 examples. 1 is what you call batch processing. So that's basically the way h
That makes sense. Nomencl, I remember watching a video on Twitter, and it was you mentioned it that, like, how we don't when I click on something on my regular computer, I expect it to go through immediately, or else I get really upset. And then on the blockchain, we don't really care that much as of date. But that's what you guys are trying to fix, that it says response without the daily computer. Yeah.
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