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Will Warren @willwarren89
, 7 tweets, 3 min read Read on Twitter
1) After reading @AntonioMJuliano's insightful thread I've realized that we don't do a great job communicating the longer term strategy for @0xProject. We prefer to let our work speak for us. That being said, communication is important for alignment, so here are some thoughts:
2) In the future when there are many blockchains and shards, 0x will be everywhere. We are working on a design pattern that allows a canonical system of smart contracts to be replicated across different blockchains and shards such that updates to the canonical system are...
3) ...dispatched to all replicas in a synchronized manner. This design pattern will be valuable because it will allow technical standards and corresponding governance processes to extend across web3.
4) In the future, STARKs will be used to batch together 1000s of off-chain trades. Each batch will yield a succinct proof that can be committed and verified by a smart contract on-chain in a single transaction. This will allow us to increase throughput by orders of magnitude...
5) In addition, STARKs will allow low-latency p2p off-chain trades without sacrificing decentralization: users get a decent UX without relying on dangerous centralized patterns like virtual settlement (off-chain asynchronous queues) used by IDEX and others.
6) Trade execution coordinators (TECs, basically multiplexers for txs) will provide strong guarantees around trade execution without requiring users to trust an individual entity to carry out the matching in an honest way.
blog.0xproject.com/front-running-…
7) The community will choose which direction to take the ecosystem and fund development through a self-sustaining governance process. To learn more about the first experiment we plan to conduct, see our Devcon4 presentation: slideslive.com/38911932/build…
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