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paoloardoino's profile
Paolo Ardoino
Paolo Ardoino
Paolo Ardoino
Verified account
@paoloardoino

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Paolo ArdoinoVerified account

@paoloardoino

CTO @bitfinex + CTO @tether_to [Views are my own]

London
github.com/prdn
Joined January 2010

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    1. Paolo Ardoino‏Verified account @paoloardoino 17 Aug 2020
      Replying to @DecentralStn @SBF_Alameda

      Note that when I've said 10M it was purely hypothetical. Hard to get that throughput today on a L1.

      1 reply 0 retweets 2 likes
    2. Decentral Station‏ @DecentralStn 17 Aug 2020
      Replying to @paoloardoino @SBF_Alameda

      I understand your point and agree inprinciple. Also understand the current throughput of L1 chains. The comment was a mild satire.

      1 reply 0 retweets 1 like
    3. SBF‏Verified account @SBF_FTX 17 Aug 2020
      Replying to @DecentralStn @paoloardoino

      I think 10m isn't totally out of the question. Solana is at 100k right now, and there's about a factor of 100 of moderately low-ish hanging fruit I think? IDK for sure, @aeyakovenko / @seb_alameda would know more

      2 replies 0 retweets 2 likes
    4. Paolo Ardoino‏Verified account @paoloardoino 17 Aug 2020
      Replying to @SBF_FTX @SBF_Alameda and

      Problem reaching 10M txs per second is more on the network side. Maybe on a local machine, but on a distributed geographic net? You could create 100 shards and have inter-shard sync, but then the chatter across shards might be too high with block time < 1s Interesting stuff 😎

      1 reply 0 retweets 3 likes
    5. SBF‏Verified account @SBF_FTX 17 Aug 2020
      Replying to @paoloardoino @DecentralStn and

      Oh yeah you def can't get 1 tx to have a latency of < 1/1m s, but you can do multiple in parallel without sharding using e.g. memory allocation (what Solana does)

      1 reply 0 retweets 6 likes
    6. Paolo Ardoino‏Verified account @paoloardoino 17 Aug 2020
      Replying to @SBF_FTX @SBF_Alameda and

      CPU/Mem is not the problem here, as mentioned on a single machine testnet it would probably all work fine. But imagine shooting every 400ms, 10M transactions confirmations around to hundreds of nodes and synchronizing them all 🤯 That's why L2 solutions are popping out.

      2 replies 0 retweets 6 likes
    7. anat◎ly  🦀 🤿 🏒  🤙‏ @aeyakovenko 17 Aug 2020
      Replying to @paoloardoino @SBF_Alameda and

      10M is 20gbps, which is theoretically doable since pci4 bandwidth is 1tbps. My guess is in that less then 10 years from now 20gbps will be as common for consumers as 1gbps.

      1 reply 0 retweets 2 likes
    8. anat◎ly  🦀 🤿 🏒  🤙‏ @aeyakovenko 17 Aug 2020
      Replying to @aeyakovenko @paoloardoino and

      At that bandwidth, cpu and memory are a challenge. The runtime needs to be as stateless as possible. This is why we are using ebpf as the bytecode, which has been commercially proven at 40gbps/60m packets per second.pic.twitter.com/v7Kd7qxxUZ

      1 reply 0 retweets 4 likes
    9. Paolo Ardoino‏Verified account @paoloardoino 17 Aug 2020
      Replying to @aeyakovenko @SBF_Alameda and

      In 10 year we might see that. But it would mean that every single node / participant to the network has to have outstanding network speed and resources. Till today in most of the world 1Gb/s is still a dream. Isn't it better to avoid L1 having to handle it all?

      1 reply 0 retweets 0 likes
    10. anat◎ly  🦀 🤿 🏒  🤙‏ @aeyakovenko 17 Aug 2020
      Replying to @paoloardoino @SBF_Alameda and

      Don’t bet against hardware :), it’s an exponential. Ending up on the wrong side of that curve is a death sentence. A $500 playstation has the specs to handle 1gbps/500ktps. I suspect that steady state load is going to be low and dynamic burst capacity will be more important.

      1 reply 0 retweets 2 likes
      Paolo Ardoino‏Verified account @paoloardoino 17 Aug 2020
      Replying to @aeyakovenko @SBF_Alameda and

      This is similar to the block size debate in bitcoin. Of course in 10 years you can have a 100GB block, but why you would do that if you can scale more elegantly? Same applies here. You might be able to scale putting tons of hardware but there are better ways :-)

      7:27 AM - 17 Aug 2020
      2 replies 0 retweets 0 likes
        1. Goldberg BTC‏ @GoldbergTrader 17 Aug 2020
          Replying to @paoloardoino @aeyakovenko and

          Ethernet MTU is 1500 bytes. I don't think it was a limit for the protocol :)

          0 replies 0 retweets 0 likes
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        2. anat◎ly  🦀 🤿 🏒  🤙‏ @aeyakovenko 17 Aug 2020
          Replying to @paoloardoino @SBF_Alameda and

          I think the under appreciated fact is that hardware is fungible. Both network and cpu/mem can be scaled on demand. Validators only need to pay the cost of the minimum costs to run a node for steady state, but price for users can be based on maximum scaled capacity.

          1 reply 0 retweets 0 likes
        3. Paolo Ardoino‏Verified account @paoloardoino 17 Aug 2020
          Replying to @aeyakovenko @SBF_Alameda and

          In the future you will be able to send the entire Netflix lib in 1 sec but that's not the point. Wouldn't a L2 approach make Solana much more efficient today (if you want to increase thoughput even more), without increasing complexity or requirements? https://www.standard.co.uk/tech/london-scientists-build-ultra-broadband-a4524801.html …

          1 reply 0 retweets 1 like
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