Credible Commitments

The Holy Grail of Block Building

Episode Summary

Michael from Blockspace breaks down the mechanics, economics, and future of multi-party block construction on Ethereum. Timestamps (00:00) - Background and implementing of timing games (03:23) - Blockspace (company) (04:16) - Learnings from Solana and Cosmos (07:25) - MPBC mechanism unpacked (11:08) - Types of txs appended to the bottom of block (14:20) - What the builder actually sends the operator (16:04) - Base builders, contributing builders, and operators (21:16) - MPBC KPIs of success (25:13) - Base may blocks skew towards smaller builders (28:26) - Teams experimenting with MPBC (29:36) - MPBC increases blob inclusion (34:46) - Anyone can run an operator and make money (38:31) - MPBC operator economics (43:50) - Putting the node operator hat on (45:05) - MPBC shipping improvements already (50:16) - Bullish on Quick Slots (53:33) - Running Solana infra vs Ethereum infra (55:50) - FOCIL provides hard inclusion gaurantees (56:49) - Living in Singapore (58:28) - Upcoming MPBC features prior to v2 MPBC live data: https://docs.blockspace.forum/mpbc/live-metrics/#overview

Episode Notes

Michael Moser from Blockspace breaks down the mechanics, economics, and future of multi-party block construction on Ethereum. 

Timestamps
(00:00) - Background and implementing of timing games
(03:23) - Blockspace (company)
(04:16) - Learnings from Solana and Cosmos
(07:25) - MPBC mechanism unpacked
(11:08) - Types of txs appended to the bottom of block 
(14:20) - What the builder actually sends the operator
(16:04) - Base builders, contributing builders, and operators
(21:16) - MPBC KPIs of success
(25:13) - Base may blocks skew towards smaller builders
(28:26) - Teams experimenting with MPBC
(29:36) - MPBC increases blob inclusion
(34:46) - Anyone can run an operator and make money
(38:31) - MPBC operator economics
(43:50) - Putting the node operator hat on
(45:05) - MPBC shipping improvements already
(50:16) - Bullish on Quick Slots
(53:33) - Running Solana infra vs Ethereum infra
(55:50) - FOCIL provides hard inclusion gaurantees 
(56:49) - Living in Singapore 
(58:28) - Upcoming MPBC features prior to v2

Links:
- MPBC live data
- Michael on X