Kydo - Censorship Resistance Before ePBS
Kydo: / 0xkydo
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AI summary:
TLDR: Kydo's proposed protocol design aims to address censorship resistance and dominance of profit in the Ethereum network through lower latency block propagation and specific data structures, allowing users to participate in the protocol while maintaining censorship resistance.
00:00 🔒 Kydo discusses censorship resistance, proposes a new protocol design, and addresses timing attacks in the ethereum network.
04:35 🔒 Lower latency block propagation can make you a better builder, but there is a financial incentive to censor in the ethereum network, leading to potential censorship and dominance of profit over censorship.
11:18 🔒 Kydo's Boost Plus and The Builder provide more options and expressivity for proposers, aiming to alleviate trust assumptions through a specific data structure called signed blinded beacon block.
14:05 🔒 Kydo's protocol uses partial and full block security, with Agarlay and Eigenlayer for depositing capital and slashing conditions, allowing users to participate in the protocol while maintaining censorship resistance.
17:43 🔗 Participants in the process include builders, a relay, a proposer, and the Ethereum network, with the proposer constructing and proposing full blocks to the network for censorship resistance before ePBS.
22:58 🔒 The final design for Meth Boost includes secure mechanisms for identifying manipulation and slashing conditions, with potential concerns about profit and the decentralization of relay function through optimistic slashing and programmable data release policy.
27:03 🔒 Censorship resistance may not always result in more money for proposers, but a small subset of validators opting into self-building with a commitment can simplify the design and achieve censorship resistance.
30:41 📺 Censorship resistance and liveness are different concepts, with censorship resistance being more of an economic issue and liveness having certain bounds in the Ethereum Network.