Consensus – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Mon, 18 Aug 2025 07:41:47 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Consensus – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 New Solana Consensus Model ‘Alpenglow’ Enters Community Vote https://earlybirdsinvest.com/new-solana-consensus-model-alpenglow-enters-community-vote/ https://earlybirdsinvest.com/new-solana-consensus-model-alpenglow-enters-community-vote/#respond Mon, 18 Aug 2025 07:41:47 +0000 https://earlybirdsinvest.com/new-solana-consensus-model-alpenglow-enters-community-vote/

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Solana core developers have pushed a sweeping consensus overhaul, “Alpenglow” (SIMD-0326), into the ecosystem’s formal governance track, setting up a validator vote that, if approved, would replace TowerBFT and re-architect finality and validator incentives on mainnet-beta. The proposal’s authors—Quentin Kniep, Kobi Sliwinski, and Roger Wattenhofer—describe Alpenglow as “a major overhaul of Solana’s core consensus protocol,” designed to supplant “the existing Proof-of-History and TowerBFT mechanisms” with a design that targets block finalization “as low as 100–150 milliseconds.”

Voting Process For Solana ‘Alpenglow’ Starts

The governance post lays out a three-phase timeline: discussion through epochs 833–838, stake-weight capture in epoch 839, and a binding vote across epochs 840–842 using claimable vote tokens sent to “Yes,” “No,” or “Abstain” accounts. Passage hinges on a supermajority threshold: Yes must be at least two-thirds of Yes+No, with a 33% quorum that counts abstentions. As of today, Solana is in epoch 834, making the discussion window active and the vote window scheduled several epochs out.

At the heart of Alpenglow is Votor, a direct-vote, leader-pipelined finality protocol that shifts Solana away from on-chain vote transactions and heavy gossip toward off-chain vote exchange with local signature aggregation. Validators vote to notarize or skip blocks; leaders aggregate those votes eight slots later and submit compact proofs. The authors argue this design cuts latency dramatically and reduces bandwidth, while a “20+20” liveliness model aims to tolerate up to 20% adversarial and 20% unresponsive validators without halting progress. “Alpenglow… enables much lower latency, improved fault tolerance, and generally greater protocol efficiency,” the post asserts.

The upgrade also rewires validator economics. Because voting moves off-chain, the SIMD introduces a Validator Admission Ticket (VAT), a fixed per-epoch fee “initially set to 1.6 SOL per epoch,” burned to maintain an economic barrier roughly comparable to today’s on-chain vote-fee regime. Validators are “required to cast exactly one valid vote per slot”; conflicting votes are detectable, and persistent non-participation renders a validator ineligible for rewards and at risk of removal from the active set.

Leaders receive compensation equal to the per-slot vote rewards of the votes they aggregate, plus a flat bonus when they include fast-finalization/finalization certificates. In a follow-up thread post, Wattenhofer explains the 1.6 SOL figure as approximately 80% of current vote costs to ensure no operator is worse off at the “AlpenSwitch.”

If adopted, Alpenglow would make a visible semantic change at the client layer: the authors note that optimistic confirmation would be superseded by actual finality at sub-second timescales. The stated aim is to bring confirmation latencies in line with Web2 user expectations while tightening safety guarantees that were harder to formalize under TowerBFT. The proposal’s documentation points readers to a 50+ page white paper and independent analyses, but emphasizes that the initial rollout focuses on finalization and voting; a new data dissemination protocol, Rotor, would follow in a separate SIMD.

Governance mechanics for the vote mirror Solana’s prior advisory processes but with higher stakes. Vote tokens will be claimable via an adapted Merkle distributor; validators then send those tokens to the designated choice accounts during the epoch-bounded window. The foundation’s governance post states, “If the sum of Yes votes is equal to or greater than 2/3 of the total sum of Yes + No votes, the proposal will pass,” and “Abstain” contributes to quorum but not to the supermajority tally. Stake weights and a public tally script will be published for independent verification.

Community feedback has quickly homed in on operational risk and rollout discipline. One validator-oriented response urges the SIMD authors to embed “a testing, deployment and fallback plan” before a mainnet decision, likening the scope of change to other industry-scale protocol transitions. Others probe specifics around the VAT level, transaction expiry in a post-PoH world, leader equivocation handling, and effects on MEV auctions and client UX when slices of a block are ignored under certain failure modes. These threads underscore that while the performance headline—150 ms finality—is eye-catching, the vote will likely hinge on the comfort level with safety proofs, incentive edge-cases, and the migration path.

At press time, SOL traded at $181.89.

Solana price
SOL rejected at the 0.786 Fib, 1-week chart | Source: SOLUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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Validated, staking on eth2: #3 – Sharding Consensus https://earlybirdsinvest.com/validated-staking-on-eth2-3-sharding-consensus/ https://earlybirdsinvest.com/validated-staking-on-eth2-3-sharding-consensus/#respond Sun, 03 Aug 2025 23:55:38 +0000 https://earlybirdsinvest.com/validated-staking-on-eth2-3-sharding-consensus/

Special thanks to Sacha Yves Saint-Leger & Joseph Schweitzer for review.

Sharding is one of the many improvements that eth2 has over eth1. The term was borrowed from database research where a shard means a piece of a larger whole. In the context of databases and eth2, sharding means breaking up the storage and computation of the whole system into shards, processing the shards separately, and combining the results as needed. Specifically, eth2 implements many shard chains, where each shard has similar capabilities to the eth1 chain. This results in massive scaling improvements.

However, there’s a less-well-known type of sharding in eth2. One which is arguably more exciting from a protocol design point of view. Enter sharded consensus.

Sharding Consensus

In much the same way that the processing power of the slowest node limits the throughput of the network, the computing resources of a single validator limit the total number of validators that can participate in consensus. Since each additional validator introduces extra work for every other validator in the system, there’ll come a point where the validator with the least resources can no longer participate (because it can no longer keep track of the votes of all of the other validators). The solution eth2 employs to this is sharding consensus.

Breaking it down

Eth2 breaks time down into two durations, slots and epochs.

A slot is the 12 second time-frame in which a new block is expected to be added to the chain. Blocks are the mechanism by which votes cast by validators are included on the chain in addition to the transactions that actually make the chain useful.

An epoch is comprised of 32 slots (6.4 minutes) during which the beacon chain performs all of the calculations associated with the upkeep of the chain, including: justifying and finalising new blocks, and issuing rewards and penalties to validators.

As we touched upon in the first post of this series, validators are organised into committees to do their work. At any one time, each validator is a member of exactly one beacon chain and one shard chain committee, and is called on to make an attestation exactly once per epoch – where an attestation is a vote for a beacon chain block that has been proposed for a slot.

The security model of eth2’s sharded consensus rests upon the idea that committees are more or less an accurate statistical representation of the overall validator set.

For example, if we have a situation in which 33% of validators in the overall set are malicious, there is a chance that they could end up in the same committee. This would be a disaster for our security model.

So we need a way to ensure that this can’t happen. In other words, we need a way to ensure that if 33% of validators are malicious, only about ~33% of validators in a committee will be malicious.

It turns out we can achieve this by doing two things:

  1. Ensuring committee assignments are random
  2. Requiring a minimum number of validators in each committee

For example, with 128 randomly sampled validators per committee, the chance of an attacker with 1/3 of the validators gaining control of > 2/3 committee is vanishingly small (probability less than 2^-40).

Building it up

Votes cast by validators are called attestations. An attestation is comprised of many elements, specifically:

  • a vote for the current beacon chain head
  • a vote on which beacon block should be justified/finalised
  • a vote on the current state of the shard chain
  • the signatures of all of the validators who agree with that vote

By combining as many components as possible into an attestation, the overall efficiency of the system is increased. This is possible since, instead of having to check votes and signatures for beacon blocks and shard blocks separately, nodes need only do the math on attestations to be informed about the state of the beacon chain and of every shard chain.

If every validator produced their own attestation and every attestation needed to be verified by all other nodes, then being an eth2 node would be prohibitively expensive. Enter aggregation.

Attestations are designed to be easily combined such that if two or more validators have attestations with the same votes, they can be combined by adding the signatures fields together in one attestation. This is what we mean by aggregation.

Committees, by their construction, will have votes that are easy to aggregate because they are assigned to the same shard, and therefore should have the same votes for both the shard state and beacon chain. This is the mechanism by which eth2 scales the number of validators. By breaking the validators up into committees, validators need only to care about their fellow committee members and only have to check very few aggregated attestations from each of the other committees.

Signature aggregation

Eth2 makes use of the BLS signatures – a signature scheme defined over several elliptic curves that is friendly to aggregation. On the specific curve chosen, signatures are 96 bytes each.

If 10% of all ETH ends up staked, then there will be ~350,000 validators on eth2. This means that an epoch’s worth of signatures would be 33.6 megabytes which comes to ~7.6 gigabytes per day. In this case, all of the false claims about the eth1 state-size reaching 1TB back in 2018 would be true in eth2’s case in fewer than 133 days (based on signatures alone).

The trick here is that BLS signatures can be aggregated: If Alice produces signature A, and Bob’s signature is B on the same data, then both Alice’s and Bob’s signatures can be stored and checked together by only storing C = A + B. By using signature aggregation, only 1 signature needs to be stored and checked for the entire committee. This reduces the storage requirements to less than 2 megabytes per day.

In summary,

By separating validators out into committees, the effort required to verify eth2 is reduced by orders of magnitude.

For a node to validate the beacon chain and all of the shard chains, it only needs to look at the aggregated attestations from each of the committees. In this way it can know the state of every shard, and every validator’s opinions on which blocks are and aren’t a part of the chain.

The committee mechanism therefore helps eth2 achieve two of the design goals established in the first article: namely that participating in the eth2 network must be possible on a consumer-grade laptop, and that it must strive to be maximally decentralised by supporting as many validators as possible.

To put numbers to it, while most Byzantine Fault Tolerant Proof of Stake protocols scale to tens (and in extreme cases, hundreds of validators), eth2 is capable of having hundreds of thousands of validators all contributing to security without compromising on latency or throughput.

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Solana Could Soon Witness Its Largest Consensus Change as Developer Proposes 'Alpenglow' https://earlybirdsinvest.com/solana-could-soon-witness-its-largest-consensus-change-as-developer-proposes-alpenglow/ https://earlybirdsinvest.com/solana-could-soon-witness-its-largest-consensus-change-as-developer-proposes-alpenglow/#respond Wed, 21 May 2025 08:23:46 +0000 https://earlybirdsinvest.com/solana-could-soon-witness-its-largest-consensus-change-as-developer-proposes-alpenglow/

Solana developers are planning what could be the blockchain’s most ambitious core upgrade to date — one that replaces its current technology stack with a redesigned consensus protocol built for near-instant finality and responsiveness.

The new system, called Alpenglow, was unveiled on Monday by infrastructure firm Anza, a Solana Labs spinout.

It proposes replacing Proof of History — Solana’s famously unique “pre-recorded clock” system — and Tower BFT, its existing voting mechanism for reaching consensus.

BFT, or Byzantine Fault Tolerance, is a way for a group of network nodes to agree on a piece of information even if some were lying or broken.

Proof of History is one of Solana’s core features, a type of cryptographic “clock” so validators don’t have to argue over timing when recording data to the network — a shortcut that immensely speeds the network but adds complexity.

Why shift?

So why the proposed shift? Because both systems are relatively slow and complex under the hood. TowerBFT needs multiple rounds of voting, and Proof of History relies on a cryptographic clock that can cause coordination delays. Alpenglow simplifies this with faster, more direct communication and quicker consensus.

In their place comes a two-part solution:

1) Votor, which handles block finalization and can confirm transactions in as little as 100–150 milliseconds (based on current simulations).

2) Rotor, a data relay protocol that aims to transmit transaction data faster and more efficiently than Turbine, Solana’s current broadcast mechanism.

This isn’t just a tech flex, it directly impacts developer experience, user responsiveness, and the types of apps that can run natively on Solana, including real-time finance, gaming, and social tools.

These implementations could, in turn, increase on-chain activity, and by extension, SOL token demand.

Finality in under a second would mark a step-change for Layer 1 blockchains, most of which still operate on multi-second confirmation windows. Solana has already experimented with “optimistic confirmations” to reduce latency, but Alpenglow formalizes this into a provably fast protocol.

Finality means a transaction is fully confirmed and can’t be changed or reversed, making it a permanent part of the blockchain.

Per its whitepaper, Alpenglow’s Votor system could finalize blocks in a single voting round if 80% of the stake is online, or two rounds if only 60% is responsive, with both modes running concurrently to finalize on the faster path.

On the other hand, using Rotor would allow fewer “hops,” smarter relay node selection, and better bandwidth distribution to push data around the network quickly — critical for keeping block times fast without relying on a central bottleneck.

A hop is one step a piece of data takes as it moves from one computer (or node) to another across a network.

As of Tuesday, no launch date has been confirmed. But for Solana, this is more than just an upgrade — it’s a bet on speed as the chain’s identity. If it works, it could re-assert Solana’s position not just as the fastest L1, but as one of the only ones fast enough for real-time use cases.

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CoinDesk Announces Consensus 2026 in Miami https://earlybirdsinvest.com/coindesk-announces-consensus-2026-in-miami/ https://earlybirdsinvest.com/coindesk-announces-consensus-2026-in-miami/#respond Sat, 26 Apr 2025 14:58:27 +0000 https://earlybirdsinvest.com/coindesk-announces-consensus-2026-in-miami/

CoinDesk announced today that Consensus, one of the leading events in the crypto conference calendar, will take place in Miami, Florida, in 2026.

Consensus 2026 will be May 5-7 at the Miami Beach Convention Center.

Consensus is the longest-running large-scale event in crypto, known for bringing together all sides of the industry.

The first Consensus was held in 2015, in New York City. The event went virtual during the pandemic lockdown before moving to Austin, Texas in 2022, 2023 and 2024. This February, CoinDesk held its first Consensus in Hong Kong, attracting more than 10,000 attendees.

Consensus 2025, the North American flagship event, is in Toronto May 14-16, featuring headline speakers such as Eric Trump, Charles Hoskinson and Sergey Nazarov. Up to 15,000 attendees are expected, according to the organizers.

“We are excited to announce that the Consensus conference will be coming to Miami in 2026,” said Michael Lau, Consensus Chairman.

“As a leading tech and crypto hub, Miami provides an exceptional setting for innovation and collaboration. Its vibrant culture, strategic location, and international connectivity make it an ideal destination for participants from around the world.

“The largest industry-wide conference across the Americas, Consensus in Miami will serve as a pivotal meeting point for innovators and leaders, facilitating the most consequential conversations and business opportunities in this thriving metropolis.”

Tickets for Consensus Miami will go on sale during Consensus 2025 in Toronto.

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Bitcoin Core Developer Antoine Poinsot: The Great Consensus Cleanup https://earlybirdsinvest.com/bitcoin-core-developer-antoine-poinsot-the-great-consensus-cleanup/ https://earlybirdsinvest.com/bitcoin-core-developer-antoine-poinsot-the-great-consensus-cleanup/#respond Sat, 19 Apr 2025 14:27:00 +0000 https://earlybirdsinvest.com/bitcoin-core-developer-antoine-poinsot-the-great-consensus-cleanup/

While attending the MIT Bitcoin Expo earlier this month, I was able to sit with Bitcoin core developer Antoine Poinsot.

Now, at Chaincode Lab, Antoine was previously at Wizardsardine, the Bitcoin security company behind Revault, a pre-signed transaction-based vault, and Liana, a mini-ispurto-based Bitcoin wallet. Antoine’s first commit was integrated with Bitcoin Core on May 16, 2019.

Antoine discussed the great consensus screen-up proposal that it proposes as a future soft fork of the Bitcoin protocol, modeled after Matt Corallo’s original Verson proposal from 2019.

Bitcoin has suffered from numerous bugs over the years, with some notable events like the inflation bugs since 2010. There are still bad bugs in the protocol, but not so bad, but still bad.

Antoine talks about these different protocol bugs and his proposed solutions to address them. Perhaps it’s just foot guns that can be easily explained if you know them, but some of them are very serious flaws that can pose real risks to the Bitcoin network.

You can see the interview here:

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TransCrypts Wins Pitchfest at Consensus Hong Kong https://earlybirdsinvest.com/transcrypts-wins-pitchfest-at-consensus-hong-kong/ https://earlybirdsinvest.com/transcrypts-wins-pitchfest-at-consensus-hong-kong/#respond Fri, 07 Mar 2025 02:16:20 +0000 https://earlybirdsinvest.com/transcrypts-wins-pitchfest-at-consensus-hong-kong/

Four and half years ago, when Zain Zaidi was applying to grad school, he submitted his academic transcripts. But, through an administrative error, the documents were lost, and he almost lost his place.

Understanding how someone’s life could be altered by not being able to prove something like an academic credential, Zaidi set out to try and make it easier.

Instead of going to grad school, Zaidi started TransCrypts, which helps companies verify employment information. The blockchain-powered startup recently won CoinDesk’s Pitchfest at Consensus Hong Kong.

Zaidi says if we’re not able to prove data about ourselves, we give up something important about who we are. “We as consumers can’t actually verify who we are, own who we are,” Zaidi told CoinDesk Live after walking off stage.

TransCrypts gives individuals “self-sovereignty” over their ID information, proving their information on-chain.

Zaidi told us the business already generates about $5 million in annual revenue. After employment information, the startup is now expanding into medical records and academic records.

TransCrypts picked up $10,000 in tokens, a trophy and ten coaching sessions.

In the runner-up spot was CredShields, an automated auditing platform that scans, manages, and fixes vulnerabilities in Solidity smart contracts.

Ten other teams competed at Pitchfest at Hong Kong, including Oneverse Technology and Liquidium (both finalists) and semi-finalists Apillon, Domi Chain, GoSats, iBTC, NettyWorth, Tokenyze, Vanilla Finance, and Zypher Network.

The event was presented by Dimitra, a token and toolkit for smallholder farmers.

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