Through conversations with crypto’s brightest lights, Gwart embarks on a one-man crusade to find the real value of cryptocurrency. Once weekly episodes with guests.
Pseudonymous, Gwart is a crypto-Twitter troll and thinkboi seeking answers to non-existent problems in blockchains. Follow along for the most colorful conversations in crypto.
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Through conversations with crypto’s brightest lights, Gwart embarks on a one-man crusade to find the real value of cryptocurrency. Once weekly episodes with guests.
Pseudonymous, Gwart is a crypto-Twitter troll and thinkboi seeking answers to non-existent problems in blockchains. Follow along for the most colorful conversations in crypto.
Meet the Solana engineer who defected for his own L1
The Gwart Show | Blockspace Media
1 hour 4 minutes
4 months ago
Meet the Solana engineer who defected for his own L1
Welcome back to The Gwart Show! Today, Liam from Through (formerly Fire Dancer engineer) joins us to talk about building a high-performance L1 blockchain from scratch. We dive into why Solana has structural limitations, his leaderless consensus design, proof-of-burn mechanisms, and why economic security is overrated. Plus takes on trading, Fire Dancer's progress, and the future of DeFi.
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NOTES:
• Fire Dancer has ~10% of Solana network
• Through team is only 5 people currently
• Testnet launching in 1-2 months timeline
• SDK support targeting July release
• Solana chain halts if clients disagree
• Economic security was higher than ETH
Timestamps
00:00 Start
00:12 Liam's background
02:18 Early trading
03:13 Firedancer experience
03:58 What's Unto?
05:40 Solana L1 limitations
08:07 Applications
09:51 CLOB wars
11:58 Proof of stake flaws
18:23 Multiple concurrent proposers
21:38 Burn design
25:27 Improvements in trading
27:47 Commodities on chain
30:08 Onto chain performance
32:52 Performant L1 chain competition
35:38 Desired apps
38:00 Firedancer progress & marketshare
42:10 Decentralization & price discovery
45:57 The value of a market
50:10 MEV on Solana
53:56 L1 token value
1:01:28 Through updates
1:03:42 Wrap up
The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs is building Atlas, the blockchain purpose-built for verifiable finance. You may know of Ellipsis Labs by their first product Phoenix, a fully on-chain orderbook DEX that’s done over 50 billion dollars in unincentivized volume.They are one of the strongest teams I know in crypto. If you’re interested in working for a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. You can learn more and apply on Ellipsis Labs’ Twitter “at Ellipsis_Labs”. Don’t forget to check out Atlas too, @atlasxyz on Twitter.
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The Gwart Show | Blockspace Media
Through conversations with crypto’s brightest lights, Gwart embarks on a one-man crusade to find the real value of cryptocurrency. Once weekly episodes with guests.
Pseudonymous, Gwart is a crypto-Twitter troll and thinkboi seeking answers to non-existent problems in blockchains. Follow along for the most colorful conversations in crypto.
