1/ What is MegaETH's goal?

MegaETH aims to be a real-time L2 network, processing transactions immediately.

🔸>100k transactions/second
🔸 <$0.01 per transactin
🔸<1ms block time 

They have raised $20m from investors such as Vitalik Buterin and Dragonfly Capital!

just another fella who is stuck with his head in the sand when it comes to anything blockchain. (My posts are NFA, make sure to DYOR)

2/ What is MegaETH solving?

There are 80+ Ethereum L2s but they do not solve the 'Straggler Problem'. This stems from slow or glitching validator nodes causing delays in transaction processing.

3/ How is the 'Straggler Problem' solved?

MegaETH uses a concept called Node Specialization to solve the problem. There are 3 types of nodes: Full node, Seqeuncer node, and a Prover (Optimistic Rollup) node. 

Modular architecture is also used, EigenDA is used for data availability and security.

4/ How does Node Specialization work?

Node Specialization allows for hardware requirements to be set for each individual node. MegaETH exempts Full nodes from transaction execution. They only use one active sequencer node (used to order and batch transactions). The Prover nodes provide proofs that are sent to the Full nodes which can verify proofs cheaply.

To further scale the network MegaETH also leverages EigenDA for data availability. This means EigenDA stores transaction data off-chain while ensuring that the data remains available for verification.

5/ The Team

MegaETH was co-founded by Yilong Li, Lei Yang, and Shuyao Kong. Li and Yang both hold PHDs in computer science while Kong has an MBA.