The road to Decentralized Nasdaq
summary
Argues concrete steps to reach a decentralized NASDAQ: raise throughput from today below Visa (7,400 TPS) toward 1 million TPS via SIMD and CUs, cut confirmation from ~400 ms to ~150 ms with Alpenlow and aim for a 20 millisecond tick rate by pipelining consensus, and change microstructure so apps can prioritize cancels over takes. Proposes multi‑leader blocks, erasure‑coded shreds via relays, and replayed ordering that lets on‑chain apps read priority fees to tighten spreads and reduce maker losses.
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chapters (7)
- 0:00Decentralized NASDAQ vision
- 0:45Technical KPIs for exchanges
- 3:32Core metrics for optimization
- 6:23Market maker losses and spreads
- 9:11Sequencing challenges in networks
- 10:39Multi-leader consensus
- 13:30Summary and future architecture
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