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Michael
@mostlyblocks
Head of research @blockspace_eth | @blockspaceforum | fmr. head of research @ChorusOne | block building enthusiast
Joined September 2022
214 Following    811 Followers
Agree. What's the fundamental property of distributed block building? Arguably, it's how predictable inclusion is. You could say that inclusion risk reduces to exogenous factors like network jitter. So discretion is minimized, and builders compete on efficiency. FOCIL provides this inclusion predictability for transactions the protocol can see in the mempool. MPBC increases the inclusion predictability for transactions that are known to any builder, even if they are not in the mempool.
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More and more I started to think of FOCIL as part of the block construction story in a broader distributed block building process, than as a consensus service tied to staking, PoS and the fork choice. I believe leveraging this will be key to 1) Make full use of a large community of passionate node runners who have Ethereum’s best interests at heart, boosting inclusion guarantees. What’s more important than helping users find their way onchain? 2) Achieving fast slots and fast finality to make Ethereum fast and increase network utility and value. Being slow can be a security issue for users, when third-party services fill gaps that the best version of Ethereum could fill itself.
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