OptimumP2P: Turbocharged Data Propagation for Blockchain | Kent Lin Explains — Transcript

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1. 0:04Hi, my name is Kent Lynn and I'm the
2. 0:06co-founder and COO of Optimum.
3. 0:09If you think of web 3 as a world
4. 0:11computer, what we're building is the
5. 0:13critical component that every computer
6. 0:15needs, memory with a high performance
7. 0:18memory layer, our goal is to scale every
8. 0:21blockchain. Memory for blockchains is
9. 0:24quite similar to memory in computers. It
10. 0:27performs critical functions including
11. 0:29data storage, access and propagation. In
12. 0:32blockchains today, these are
13. 0:34underdeveloped and have become
14. 0:36bottlenecks to scalability. A blockchain
15. 0:39is essentially a ledger shared by a
16. 0:42network of nodes. To scale any
17. 0:44blockchain, we need to power the node
18. 0:46operators. Our first product, Optimum
19. 0:49P2P, helps node operators propagate data
20. 0:52much more efficiently and much more
21. 0:54profitably. Take Ethereum as an example.
22. 0:58Validators generate revenues primarily
23. 1:00from three sources today. Protocol
24. 1:03issuance from consensus layer, priority
25. 1:05fees or tips and me from execution
26. 1:09layer. Each of these income streams is
27. 1:11highly sensitive to delays in data
28. 1:14propagation. A small lag in receiving or
29. 1:18broadcasting a block can mean the
30. 1:20difference between securing the reward
31. 1:21or missing out entirely. That's where
32. 1:24our technology comes in. Optimum
33. 1:27leverages random linear network coding
34. 1:29or RLNC, a proprietary technology
35. 1:32co-invented by my co-founder, Professor
36. 1:34Muramed. We use RNC to dramatically
37. 1:38accelerate data propagation by
38. 1:40supplementing outdated gossip protocols
39. 1:43with a coding based approach. We ensure
40. 1:46the data reaches validators with minimal
41. 1:48delay. This means faster attestations
42. 1:51and proposals which translates into
43. 1:53fewer miss slots and more profitable
44. 1:56blocks. So every opportunity to capture
45. 1:59revenue is maximized directly boosting
46. 2:02validator APY while keeping operational
47. 2:04costs low. These improvements don't just
48. 2:08benefit validators. They directly
49. 2:10enhance the underlying L1's and L2s by
50. 2:13reducing congestion and cost while
51. 2:16increasing throughputs and stability.
52. 2:18Optimum strengthens network robustness
53. 2:20and decentralization
54. 2:22at scale. It can significantly cut down
55. 2:25block time and finality. This delivers a
56. 2:28much smoother user experience across
57. 2:30Ethereum, Salana or any other chains you
58. 2:32love. In summary, our solution allows
59. 2:35validators to capture every reward
60. 2:37through faster, more reliable data
61. 2:40propagation. For L1's and L2s, we
62. 2:42eliminate key scalability bottlenecks
63. 2:44and reduce costs, enabling the entire
64. 2:47ecosystem to function more efficiently.
65. 2:50Optimum is not just addressing today's
66. 2:52challenges, we're laying the groundwork
67. 2:54for a future where decentralized
68. 2:56networks perform with the speed and
69. 2:58reliability of high performance
70. 3:00computers.