Understanding "An Analysis of Intent-Based Markets"
Notes on the nature of Intent-Based Markets. In this blog, I discuss the work “An Analysis of Intent-Based Markets” by Tarun Chitra, Kshitij Kulkarni, Mallesh Pai, and Theo Diamandis. Intents have been touted as a way of expressing generalized transactions on blockchains. Intents allow users to express transactions with a set of conditions or covenants, and only if these conditions are met can the transaction be executed. Today, the most common sort of transactions on blockchains are “swaps” ...
Understanding "An Analysis of Intent-Based Markets"
Notes on the nature of Intent-Based Markets. In this blog, I discuss the work “An Analysis of Intent-Based Markets” by Tarun Chitra, Kshitij Kulkarni, Mallesh Pai, and Theo Diamandis. Intents have been touted as a way of expressing generalized transactions on blockchains. Intents allow users to express transactions with a set of conditions or covenants, and only if these conditions are met can the transaction be executed. Today, the most common sort of transactions on blockchains are “swaps” ...
Off-Chain Compute Is All You Need
Towards a Proof-Based Future - Written with 0xkrane.IntroductionBlockchains are globally distributed ledgers that come to a consensus over a global state. Some blockchains come equipped with a Turing-complete execution environment that enables programmability on top of this global state. Programs that target blockchains’ execution environments are called smart contracts, and the underlying blockchains are called smart contract platforms. Ethereum, Solana, and Avalanche are some of the most wi...
Off-Chain Compute Is All You Need
Towards a Proof-Based Future - Written with 0xkrane.IntroductionBlockchains are globally distributed ledgers that come to a consensus over a global state. Some blockchains come equipped with a Turing-complete execution environment that enables programmability on top of this global state. Programs that target blockchains’ execution environments are called smart contracts, and the underlying blockchains are called smart contract platforms. Ethereum, Solana, and Avalanche are some of the most wi...
Blockchains: Unlocking a Privacy Layer for AI
The unprecedented rise of Large language models (LLMs) has seen a quick adoption of its technology in various spheres. While language models and transformers have been used before for Google Search, translation, and sentiment recognition, ChatGPT can be credited for bringing the transformer architecture and LLMs to the forefront of public attention and usage, seeing as many as 100 million users within a few days. Due to their self-attention architecture, ease of training, and high paralleliza...
Blockchains: Unlocking a Privacy Layer for AI
The unprecedented rise of Large language models (LLMs) has seen a quick adoption of its technology in various spheres. While language models and transformers have been used before for Google Search, translation, and sentiment recognition, ChatGPT can be credited for bringing the transformer architecture and LLMs to the forefront of public attention and usage, seeing as many as 100 million users within a few days. Due to their self-attention architecture, ease of training, and high paralleliza...
A Brief Intro to Coprocessors
Towards unlocking a new class of applications. Not the compute we need, but the compute we deserve. Decentralized apps face limitations in performing complex on-chain computations due to Ethereum's restricted processing capabilities. As a result, we've seen many DeFi protocols move components like order books and risk systems off-chain. This points to a need for customized computational environments tailored to specific tasks. We’ve seen a slow but gradual shift of many defi apps de...
A Brief Intro to Coprocessors
Towards unlocking a new class of applications. Not the compute we need, but the compute we deserve. Decentralized apps face limitations in performing complex on-chain computations due to Ethereum's restricted processing capabilities. As a result, we've seen many DeFi protocols move components like order books and risk systems off-chain. This points to a need for customized computational environments tailored to specific tasks. We’ve seen a slow but gradual shift of many defi apps de...
A List of Open Problems in Crypto - II
A reminder of progress and problems unsolved. We’ve come a long way since the first time I wrote this list in Jan 2022. It has been inspiring to see the space proliferate and build extremely interesting infrastructure for the future of crypto, but we have a long way to go. I believe that having an open list of problems is a good reminder of progress for a field, nascent or old, research problems or practical applications. These also provide a benchmark to look towards and glance upon while ta...
A List of Open Problems in Crypto - II
A reminder of progress and problems unsolved. We’ve come a long way since the first time I wrote this list in Jan 2022. It has been inspiring to see the space proliferate and build extremely interesting infrastructure for the future of crypto, but we have a long way to go. I believe that having an open list of problems is a good reminder of progress for a field, nascent or old, research problems or practical applications. These also provide a benchmark to look towards and glance upon while ta...
