Internet Capital Markets + Constellation (Multiple Concurrent Proposers)
Internet Capital Markets + Constellation: Multiple Concurrent Proposers for Censorship Resistance
Description
Internet Capital Markets: Solana’s Roadmap to achieve the world's most liquid markets through Application-Controlled Execution (ACE), giving smart contracts millisecond-level control over transaction ordering. Post (https://www.anza.xyz/blog/the-internet-capital-markets-roadmap)
Summary: https://www.wprc.club/papers/wprc-sg-35-internet-capital-marketsConstellation replaces Solana's single block leader with ~16 simultaneous proposers and ~256 attesters, structurally removing the leader's ability to front-run or censor transactions.
How multiple concurrent proposers and cryptographic attestations constrain the leader to an assembler role, making MEV extraction infeasible by design rather than redistributed via PBS
The 50 ms economic tick mechanism using synchronized UTC clocks — the fastest protocol-enforced censorship-resistant interval among production blockchains
How deterministic parallel scheduling across execution lanes handles transaction ordering, conflicts, and fee prioritization
The stronger assumptions Constellation requires beyond Alpenglow's partial synchrony model, and what breaks if clocks drift
Paper / source
Format
Short introduction and context setting to start.
Silent reading of the summary before discussion begins.
5-10 minute presentation to frame the key ideas.
Moderator-led discussion with no promotions.
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