Malesh, formerly Special Mechanisms Group and Rice University joins us to talk about his move to Tempo, Stripe's new payments-first blockchain.We dive into why they built another L1, multi-stablecoin architecture, MEV challenges in payments, with credible neutrality
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Notes:
• Tempo is designed for fast finality payments
• Stablecoin agnostic w/ AMM
• Reserved block space for payment txns
• Cross-border wire transfers are still broken for traditional systems
Timestamps:
00:00 Start
00:25 Who is Malesh?
01:50 Special Mechanisms Group
03:49 Consensys05:34 Tempo
08:14 Advantages of Tempo
10:36 Specific Tempo designs
13:58 Fungible stablecoins
14:44 Tether & economies of scale
18:14 Validator set
22:45 Payments Only blockspace
25:51 Malesh's title
26:58 Products
28:36 Tempo AMM
30:33 Remittance use case
35:16 International transfers & corespondent banks
41:26 Are banks cooked?
43:30 Why a new Layer 1?
48:08 Credible neutrality
50:36 Crypto Twitter is now the kiddie pool
54:45 The future of proof of Stake is... trust
1:04:03 MEV memory hole
The Gwart Show is sponsored by Ellipsis Labs, the builders behind Atlas, a blockchain for verifiable finance and Phoenix, an on-chain orderbook DEX with over $50 billion in unincentivized volume.
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Published on 1 month ago
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