1/ We are thrilled to soft-launch Bolt, a trustless protocol that allows Ethereum proposers to offer credible commitments about their block contents. Bolt V1 unlocks trustless inclusion preconfirmations, a new primitive that aims to enhance Ethereum’s UX and applicability. 
2/ You can directly check Bolt's documentation here! If you're just interested in a TLDR, continue reading :)
Let’s break down how Bolt impacts the main entities within the block production pipeline 👨🍳
chainbound.github.io/bolt-docs/
Let’s break down how Bolt impacts the main entities within the block production pipeline 👨🍳
chainbound.github.io/bolt-docs/
3/ For Validators, Bolt will allow them to recapture agency and further monetize their most valuable asset: blockspace. Bolt aims to bring new revenue streams and expand the scope of proposers. Contact us to learn more and be included in "Cohort 1" for a demo and testing.
4/ For Users, Bolt's goal is to realize L1 pre-confirmations, enabling near-instant transaction confirmation. We've identified numerous compelling use cases for this and will share more details in the coming weeks!
5/ For Relay and Builders, Bolt doesn’t change much, but does extend the builder-API to communicate and enforce block ‘constraints.’ Builders will now need to build around these constraints and provide light-weight proofs back to the proposer.
6/ Bolt has 4 core design principles:
- Trustless: No new trusted relationships. Commitments are backed by (re)staked collateral, not by trusted intermediaries such as relays.
- Credible: Bolt is proposer-centric. Proposers are entirely held accountable for their commitments.
- Trustless: No new trusted relationships. Commitments are backed by (re)staked collateral, not by trusted intermediaries such as relays.
- Credible: Bolt is proposer-centric. Proposers are entirely held accountable for their commitments.
7/ - Permissionless: Any proposer/relay/builder can opt into the protocol, and any user can request commitments.
- Compatible: Bolt is compatible with the existing PBS pipeline (eventually ePBS). A proposer needs only to run an additional sidecar and a modified mev-boost client.
- Compatible: Bolt is compatible with the existing PBS pipeline (eventually ePBS). A proposer needs only to run an additional sidecar and a modified mev-boost client.
8/ Bolt is simple to integrate. Proposers extend their stack with a new component called the bolt-sidecar that implements the default builder-API and two new interfaces: The Commitments API and Constraints API.
9/ Commitments API — Channel Users use to interact with Proposers and receive credible commitments.
Constraints API — Extension of the builder and relay APIs, enabling proposers to convey constraints to builders and receive validity proofs from builders.
Constraints API — Extension of the builder and relay APIs, enabling proposers to convey constraints to builders and receive validity proofs from builders.
10/ Bolt V1 is our initial move towards a broad vision of enabling generic credible commitments. Our roadmap:
11/ This is a call to action! If you're a team building similar software, a validator, a builder, or anyone interested, please reach out. Let’s establish standards together! In the meantime, checkout our docs!
chainbound.github.io/bolt-docs/
chainbound.github.io/bolt-docs/
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