

Silt
5.6K posts

@Siltveil
My game: https://t.co/qOEuo9SJLi Currently bulking



























i decided to continue exploring @magicblock , and in this second post i wanted to move from general ideas to the part that’s usually the most interesting how the system actually works inside. the deeper i dig, the clearer it becomes that a lot of things here are built very differently from classic rollup architectures. so in this post i want to break down a few core mechanisms that shape how magicblock functions in practice: what ephemeral rollups look like, how the private layer works, and why verifiable randomness matters for the ecosystem ephemeral rollups are temporary high-performance execution environments that spin up “on demand” on top of solana whenever an application needs low latency and high throughput. the state of selected solana accounts is temporarily delegated into the rollup through a dedicated delegation program, and then the relevant parts of that state are cloned into a fast svm validator. transactions over this delegated state execute inside the rollup with latencies around 10–50 ms, while non-delegated accounts continue living on solana and can be processed in parallel. once a batch of operations completes, the aggregated state is committed back to solana after verification, preserving consistency and security. an important detail: no separate tokens, no bridges everything runs on the same solana programs and assets private ephemeral rollups build on the same idea but introduce privacy using trusted execution environments (tee) based on intel tdx. standard solana transactions are compiled and executed inside a hardware-protected “black box” where computations remain hidden but can still be audited and verified through hardware attestations. this approach enables private orderbooks, dark pools, payment channels, and consumer apps with private state without sacrificing speed or adding heavy cryptography on top of the network. at the same time, the private rollup remains fully integrated with solana: data can be committed back to the main chain, and applications keep using the familiar solana stack and account model another component of magicblock is verifiable randomness (vrf), implemented as a solana plugin and used both on solana and inside ephemeral rollups. the idea is that a network of oracles jointly generates a random value along with a cryptographic proof that can be verified on-chain without trusting any single party. for games, this enables fair loot drops, randomized events, and reward distribution; for defi, it supports randomized validator or committee selection or lottery participation. when combined with ephemeral rollups, randomness becomes not only verifiable but also fast: generating and consuming random values fits into the same low-latency execution path as the rest of the application logic. CONCLUSION the more i dive into magicblock, the more it feels like a thoughtful and meaningful direction for solana. there’s no attempt to rebuild the network or bolt on a new layer it’s more like a careful extension of what already works, but with the ability to reach a completely different level of responsiveness and flexibility. it really seems like the ecosystem has gained a tool that can push the boundaries of what’s considered possible for on-chain logic. and it’ll be interesting to watch how real applications start using all of this @jonasXchen @16vivz







Don’t miss “Regulatory Renaissance in the UAE” panel, @bitcoinmenaconf Enterprise Stage Tue Dec 9, 11:30 AM – 12:00 PM Featuring: 🎤 @IrinaHeaver – @neoslegal 🎤 Dr. Redouane Elkamhi – GOAT Network 🎤 @JCollement – Bitcoin.com Hosted by @SoniaMayenco – @krakenfx




There is a common misconception around 0 fees It is a hot topic of conversation so I'm going to explain the comparison between the 0 fees model and what we most often see today Fee model For most exchanges, the revenue model is charging a small fee for each order that is executed. Exchanges incentivise market makers with fee rebates that scale with volume, these are paid from the revenue made on the takers Takers = retail. The fees charged are clear, can be verified and is the core revenue model for exchanges with this framework Most exchanges that operate this way don't have an internal trading desk and don't need to trade against taker flow to turn a profit 0 fee model Before I break this down, I am not saying this is a better or worse model than the fee model... But the way this is marketed just isn't true 0 fees sound great, but this is misleading at best, and disingenuous at worst. Exchanges that opt for a 0 fee model will either have an internal trading desk that will trade against taker flow (they can see your orders and bid accordingly). OR They sell your order flow to market makers that will then do the same. So while make and taker fees are 0, the price you are getting is often wider than the price you would get from an exchange that charges you a taker fee I'm not writing this to advocate for one or the other, but the marketing around what a 0 fee exchange actually means needed clarifying >Pay small fee, trade a fair market This is fair and transparent >Pay no fee, have your flow traded against This is typically hidden in spreads and deals with MMs Thanks for coming to my ted talk 🫡