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Lei Yang Σ:
Chief bunny feeding officer at @megaeth_labs. Recent PhD graduate from MIT CSAIL. Working on computer networks and distributed systems (for blockchain).
Not so sure about it. Even PoW ultimately relies on the assumption that the adversary cannot control large amounts of physical infra (CPU, GPU, ASIC, SSD, electricity supply, etc.) for long periods of time, which is an economic assumption.
Both PoW and PoS delegate the hard problem of Sybil mitigation to rules, patterns, and heuristics of the off-chain world.

The Rollup27.6.2025
We asked @hosseeb of @dragonfly_xyz if he thinks the top of proof of stake is in.
"We're probably going downhill from here."
"Staking mania was definitely a little bit of an illusion."
"This idea that you're paying for security is kind of a meme."
"This kind of economic fiction, I think, had to go away at some point."
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There is a weekly engineering meeting between GTE and MegaETH. We discuss everything from new RPC methods (paginated reads anyone?) to how spams should be regarded on the fastest blockchain. I am constantly reminded how talented, ambitious, and pragmatic the team is.
It’s been such a pleasure working with the GTE team for the past year, and it’s just the start!
Congratulations to @GTE_XYZ !!

GTE23.6.2025
Today, we’re proud to announce that GTE has raised a $15m Series A from @Paradigm to scale the Global Token Exchange.
We’ll use this capital to ship products even faster.
Because where we’re from, we not satisfied with being fast — we want to be the fastest.
Now back to work.
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Truly great systems provide easy-to-use abstractions for end users while retaining all the power of the underlying mechanisms.
Cloud abstracts operating systems and networks into a giant computer.
Crypto abstracts distributed algorithms and game theory into a benevolent custodian.
EigenCloud is abstracting cloud and crypto into an always verifiable, infinite scale computing platform onto which everyone can offload everything.
Congratulations to @sreeramkannan and the @eigenlayer team!

EigenCloud17.6.2025
The evolution is here. The age of verifiable apps has begun.
Introducing EigenCloud, a platform for verifiable apps, services, and AI, built on EigenLayer, secured by the EIGEN token. ☁️
Crypto has spent a decade building trustless infrastructure.
Now it's time to build on it.
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This week’s upgrade to the MegaETH testnet fixed an elusive performance bug that had caused miniblock time to continuously increase between sequencer reboots. Here’s the story. It’s a story about our philosophy – measure, then build.
If one visited MegaETH’s performance dashboard recently, one might see that the miniblock time had been increasing during the week leading up to June 3. Actually, such a trend would start right after every sequencer reboot since the launch of the public testnet. Previously, the frequent upgrades to the sequencer meant that the miniblock time would not increase by any perceivable amount before the upward trend was reset. However, recent upgrades had not required sequencer reboots, and the trend continued for weeks. On June 3, miniblock time almost reached 100ms. With sequencer reboots becoming even less likely in the future thanks to hot backups, it’s time to eliminate the bug once and for all.
Since we routinely collect lots of telemetry data for the testnet, the team quickly started digging. The first discovery was that the increase in miniblock time accelerated over time – not only did miniblock time increase, it increased faster and faster. Usually, such symptom would imply that the work involved in building each miniblock increased superlinearly as more miniblocks were built. However, we shot down the hypothesis after some measuring and calculation. We built the miniblock pipeline to be almost fully asynchronous to the EVM so as to achieve arbitrarily low miniblock time. This means that however much time it takes to build a miniblock, the EVM will be executing transactions during the whole time. Thus, the longer miniblock building time would lead to a higher number of transactions per miniblock, but we did not observe that. So, the issue cannot be with building miniblocks. Careful examination of the code confirms this conclusion – no part in the miniblock building process has superlinear complexity.
The team expanded the search, and the real culprit quickly surfaced. The time it took to commit EVM blocks had been increasing; further, the committing time was perfectly linear to the number of EVM blocks produced since the last reboot. When committing EVM blocks, the EVM environment such as block height is updated, so the EVM must pause and cannot execute transactions, which means no miniblocks either. There is a fixed 1-second interval between EVM blocks. Within the 1-second budget, a linearly increasing committing time lead to a linearly decreasing duration to run transactions, which in turn lead to a linearly decreasing number of miniblocks produced. If we take its reciprocal, we get the average miniblock time, which is inversely proportional in time. It’s exactly the function shape we saw on the performance dashboard. The math checked out.
At that point, we knew exactly what to look for: some procedure whose workload increases linearly over time in the particular part of the code that handles committing EVM blocks. The rest of the work was straightforward. The team pushed the upgrade this week and miniblock time has not crept up.
So, what was the lesson? I think it showed again the power when engineering is guided by careful measurements and first principles. The team is working on the other upgrades with the same philosophy. Stay tuned!


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