ethrd

Ethereum

Nice new post from Christoph Schlegel at Flashbots 

tl;dr: APS designs with an inelastic supply of "proposing rights" lead to more market concentration than elastic supply 

I.e. having a fixed number of exec tickets likely leads-to-winner-takes-all unlike systems that resemble PoS in which people can stake as much as they like

This is one of a number of recent pieces that have been narrowing down the design space for Ethereum’s proposing rights allocation (APS, ePBS etc)

https://collective.flashbots.net/t/inelastic-vs-elastic-supply-why-proof-of-stake-could-be-less-centralizing-than-execution-tickets/3816?u=quintus