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Extending the Network to the Edge w/ @DoubleZero
Recorded: March 11, 2026 Duration: 0:49:10Space Recording
Full Transcription
Music Thank you. Thank you. Thank you. good morning and welcome back to salona on x spaces today we are joined by the double zero
team to discuss to talk about their delegation program, Phase 2, which goes
live today, as well as their new product, Double Zero Edge. We are joined by Eden and Austin and
Joda from the Double Zero team, Andrew from Malbec Labs, Devour from Phase Labs, as well as Tim from
Solana Foundation. I am still trying to get all of
our speakers up on stage. But in the meantime, I'm going to ask the rest of you that are on stage
to do a quick round of intros about where you work and what your role is there. So we can do
a mic check and then we'll dive into the topic. Okay, sure.
I am Austin Federa.
I am one of the three co-founders of the 00 Project,
and I run things over here at the 00 Foundation.
And previous to that, I was working for Solana Foundation.
So all the nice, big, happy family spaces today.
I'll pass it over to Andrew.
Thanks. It's Andrew McConnell.
I'm the co-founder of Double Zero
and the CTO at Malbec Labs.
And prior to this, I was working
in electronic trading for 15 years.
Jota. Gabriel, I'm Jota? Hey everyone, I'm Jota.
I'm the stick pool operator at 00.
I previously work at Jagpool, that's another decentralization stick pool, and have been
working on this phase two for a few months.
I'm pretty happy that we finally launched it.
Hey guys, it's Eden.
I lead communications here at Double Zero, long time community member in the crypto space as well.
Before this, I was at Reciprocal Ventures and Jump Crypto.
Very excited to be here chatting with everyone about our announcement today.
I guess I'll go next. about our announcement today.
I guess I'll go next.
My name is Devour.
I'm the CEO at FaZe,
longtime contributor and company here on Solana,
about four and a half, almost five years now.
And I'm personally a really big fan of Double Zero. I love everything that they're doing there.
So I'm really excited to talk more about this announcement.
Very cool. And I'm Josh excited to talk more about this announcement. Very cool.
And I'm Josh from Solana Foundation, actually week two on the job with Solana Foundation
to lead developer marketing.
Excited to be here to support this sweet announcement.
I guess let's hop into it.
Big announcement today.
I think there was like a multi-part announcement.
So I guess if you want to start maybe Austin with just kind of what high level, like what
phase two is all about and like what changes about delegations as phase two goes live today.
Yeah, certainly.
So I'll give a high level and then Joda can go into much more details on what it is.
But this is something we sort of laid out from the beginning vision of double zero.
And you know, double zero, for those who who are not familiar it's a physical fiber infrastructure network run by a network of 15 plus different contributors that
are all contributing this sort of high performance dedicated capacity to the network and uh the whole
thing is really designed to enable all these new types of applications and really increase the speed and throughput
that the network can operate at.
But one of the main components of this is helping decentralize the physical infrastructure
of the Solana network itself.
And one of the things that we've seen is because Solana is such a high-performance network
that has all this focus on optimization, the limiting factors of the architecture
of the public internet
have created incentives for co-location.
And so one of the things that 00 aims to do
in part with this global fiber network
and in part with this new delegation program
is to make it possible and profitable
for validators to run in parts of the world where
currently it's not as profitable and easy for them to run.
And so we do this by providing high performance connectivity out to all these folks, but
then also by, of course, bringing delegation to help incentivize folks to move away and
soften the economic impact of doing so.
Very cool. Jody, do you want to go into a little more detail on that? I like what that looks.
Yes, sure.
So we created a ring classification for the 00 devices.
And it's basically, if you're in Europe, you're assigned the ring one.
If you're on US or India and Canada, you're assigned a ring two.
And if you're on the edges like South America, Singapore, Hong Kong, and
Tokyo, it's ring three.
And this is basically a reflection of how a stake is concentrated in Solana.
There is about 60% of stake in Amsterdam, London and Frankfurt.
And the whole Europe has about 80% of stake.
So it's heavily concentrated in Europe.
US has about 10 to 12% of stake and the remaining 8% it's all on Ring 3.
And the remaining 8% it's all on Ring 3.
So this classification, the purpose is to help us on giving stake to people
that are helping with decentralization.
So on Ring 1, you will still be able to get a baseline delegation.
Also, you're going to be able to get a multicast delegation.
So for those that stay on Ring 1, the upside they have with 00 has increased
by those two delegations and without any fees.
And you also can get revenue from 00 Edge.
So the upside for staying on Europe is still bigger than before.
For a stay on Europe, it's still bigger than before.
But if you are on the Ring 2, you get 4% of stake for decentralization on top of the 1%
for the baseline and 2% for multicast.
So you can get up to 7% of stake.
And on the Ring 3, you have the same 7% of stake and you are also able to participate
on each device incentive.
So there is about 600K of SOL incentive per device.
So if you are on Sao Paulo, for example,
you'll be competing with the rest of Sao Paulo validators
and be participating on getting some of that extra stake.
Gotcha. Thank you very much.
And actually we have Tim joining now too. Tim, if you want to
give a quick intro and then maybe we can hop into why the phase two is so cool.
Yeah. Sorry for my delay. I had some technical difficulties joining, it sounded like.
So I'm Tim Garcia. For those who don't know me, I'm the validator relations lead at the
Solana Foundation. Talk directly with validators and run the validator community call.
Also kind of involved in a lot of different foundation initiatives from core development
to network health and incident response.
A lot of you probably saw me loudly saying to upgrade your validators earlier this week.
So a lot of different hats at the foundation. And yeah, to talk directly about
double zero phase two, I'm super excited about this. I'd say from the foundation's perspective,
our P zero, like primary thing that we think about when we think about staking decisions is
network health. And those fall into a couple of different buckets. But one of the main ones is decentralization, right?
We don't want any single point of failure in terms of geopolitical geographies, in terms
of single entities that operate too much stake on the network, right?
All those things are things that we consider very heavily when we're thinking about making
our own staking decisions.
And I think that there's not a lot in the market right now that is driving stake outside of
those areas that were mentioned, right? So the majority of the stake right now is in
Germany and Amsterdam. We want to make it such that other places in the world have an opportunity
to join the network and are financially incentivized to do so. And yeah, like I said, there's not a lot of places where operators
can be rewarded for choosing geographies
other than those two regions, right?
It actually is more costly in some cases.
So really, really excited to see this get deployed
and hopefully make an impact there.
Yeah, very cool. Definitely an ambitious initiative here. And then I guess part of this is multicast
from 00. And why is enabling multicast required for phase two delegation?
Yeah, certainly. I wanted to also check, is this mic working better than my previous
one?
A little worse. A little worse.
All right.
Let me try and switch devices.
I will be right back.
Cool.
Maybe, Joda, if you want to just talk about maybe what multicast is to get started so
we can get a primer there.
Could be helpful.
Yes, for sure. Multicast, it's basically a way of communication that was not used on
many blockchains before.
And the way that it works is instead of sending one to one, you send one to many.
So you don't have to send the same threads like multiple times.
You send once and they are distributed at the edges
and this reduce your bandwidth consumption and also helps to send data faster than a unicast model.
Okay, let's see. Is this working again?
Significantly better.
All right, there we go. This is what I get for trying to use a web browser
as opposed to a proprietary application.
All right, great.
So yeah, Joda gave kind of a great kind of overview
of what this is.
But effectively, like the 00 network is, again,
this physical fiber infrastructure network.
And so the first version of the double zero network
had fees paid by validators.
And so those fees are going away today on the network.
And so starting at the next epoch,
the double zero network is totally free to use
for Solana validators.
And one of the really cool pieces about this
is this is sort of a, instead of doing the thing that, you know, makes sense when you're bootstrapping a project, which is to say, there's a lot of income and a lot of revenue going through validators.
But, you know, those aren't necessarily the folks who have the most advantage and upside from getting fast data.
And so what multicast is really designed to do is to supplement the existing turbine tree.
We're not replacing turbine. We're not making any changes to turbine. This is a separate pathway for
shred propagation throughout the network. And shreds are, of course, these small little
components that all build up to make a block. And so if you're a market maker, if you're a trader,
if you're someone who's doing a lot of quick transactions on the network, you want early access to this. And so the whole point of this is
not to replace turbine, but to supplement it for those who need it from sort of a trading and high
performance perspective. And so this is why, you know, we can basically shift the burden of paying
for the network from validators that are operating on it,
which today 00 does provide an advantage to validators operating on it. But that advantage
is limited by just overall things like protocol timing in general. And there's a lot of work from
Anza and others to sort of speed up Solana. But as we sort of wait for some of that to shift and
start happening, this is a great way to basically help validators create a new revenue stream and also give them access to this super fast, high performance fiber network at no cost to them.
And so, you know, you should always ask every time someone's giving you for free something for free.
The question is, well, what's the product, right?
Because as much as we would love everything in the world to be free, that is, that's not how capitalism or innovation works. And so the trade
here is that validators are transmitting their shreds through multicast in addition to transmitting
it through turbine and participating in the same turbine tree that they normally would.
What happens then is traders and others who are interested in getting a look at those shreds can subscribe to a shred feed, which is delivered over multicast.
The cool part here, which, you know, and alternative shred products have existed for a while.
Gito has one called Shredstream.
There's a bunch of others out there.
None of them reward validators, though.
And so one of the cool things about this is because 00 is a permissionless blockchain protocol under the hood, a significant portion of that revenue is actually shared back
with the validators that produced the shreds. And so this creates a net new revenue source for
validators while also giving them access to this faster network. And so if people do not want to
access to this faster network. And so if people do not want to share shreds for whatever reason,
you know, that there's, there's, you know, we think that that revenue stream is pretty
attractive, but it's of course up to the validator. The validator is always in control.
That's one of the main principles of double zero is that the validators can always choose when to
connect, choose when to disconnect. All of these sorts of decisions are fully within their control.
But then the shred revenue share is basically proportional to the share of leader shreds they contribute.
So if you contribute 1% of shreds, you would be entitled to 1% of the revenue share.
Gotcha. Yeah, that's really cool.
I guess in the past it's been like a little prohibitive for smaller validators.
The economics don't make sense for them to share their shreds. What's different now about how multicast works and why would it be more beneficial for anyone to give shreds? And like, I guess, what's the, like the core value prop of receiving shreds? Like what do people do with that information? components that get rolled into one here. The first is just the power of blockchains
in general is the ability for the marginal cost of an additional contributor to go to
functionally zero. You know, this is the classic thing of if you had to have a paper contract
and an invoice payment system and pay payment fees and everything to distribute micro payments,
you know, nothing would work. But JITO runs a massive
payment distribution system through, you know, MEV reward distribution. Solana does the exact same
thing with inflation at a protocol level. And so part of this is just the efficiency that
programmatic and programmable smart contracts on blockchain provide makes it possible to have even
the smallest validators in Solana rewarded and
participating in this system in a way that wouldn't be possible if everything were, you
know, off-chain equity companies with, you know, paper contracts and these sorts of things.
And so that's one of the main advantages there. The beauty of multicast groups too, and this
is something, you know, Andrew can talk more in detail about how these components actually
run, but this is industry standard technology that, Andrew can talk more in detail about how these components actually run,
but this is industry standard technology that finance has been using for a decade or more.
And so really the reason multicast is so impactful here is it's multicast over the double zero network.
Multicast is not a technology that you can run on the public internet,
and so this really takes advantage of the double zero network speed and also its capabilities to bring technologies that aren't available on the public internet together.
And so the speed component is a really major component of why shreds delivered over multicast
are more performant than shreds delivered in a different way. Another component of this too
is there's some pretty massive bandwidth savings. One of the cool pieces about multicast is the replication of data always
occurs as close to the recipient as possible. So for example, if you have one transmitter in London
and you have a thousand recipients in New York, in a traditional network architecture, the sender in London has to send a thousand copies
across the Atlantic Ocean. With multicast, they only send, you know, two copies across. They send,
you know, an A feed and a B feed, a primary and a backup. And so there's a huge, and that replication
occurs as close to the recipients as possible, which is a pretty interesting architecture that
has a lot of different advantages behind it. Maybe, Andrew, you want to talk a little bit about how multicast
has been deployed in what we call traditional finance, or the finance people just call finance.
Yeah, sure. I think you've nailed it, that the replication occurring as close to the receiver
as possible is usually where the bandwidth is most available.
If you think about like a data center switch that has at the top of its rack,
you know, a rack of maybe 30 servers in an ideal scenario,
you would take one piece of information and if all 30 of those servers need to
receive it, you would replicate it, you know, once at that,
at that top of rack switch. And so we can do the
same over a wide area network where, you know, you can think of the validators all over the world
are when they become the leader after sending the turbine, they can also send to this multicast
group. But then on the subscriber side, the sort of sum of all of those shreds that are being
produced all over the world contribute to the same group and the same sort of faucet or spout,
you can think of it in plumbing terms. The subscriber turns on the faucet and all of a
sudden out comes all of the leader shreds. And it's built from a geographically aware
shortest path tree. So when the subscriber who wants to receive the information indicates their interest in turning on the faucet,
they effectively build a shortest path tree rather than a stake weighted tree back to all the potential publishers.
So in our case, as of today, there's about 120 validators who are publishing into this multicast group in addition to publishing into Turbine.
And so subscribers of the feed will now have a geographically aware tree to receive that information rather than waiting for their turn to receive it over Turbine.
Amazing.
And why has this never really been tried before with blockchain?
Well, it's a limitation of the public internet.
So in order to get a community of networks that is the public internet to coordinate across all of the various business objectives inside of the tier one ISPs
is basically was deemed to be an impossible task
by the internet engineering task force some time ago.
They've tried very hard to make standard protocols
that work well across autonomous systems
and it really just hasn't happened.
So one of the major, I think breakthroughs of double zero
is to have the decentralization that the public
internet enjoys by having multiple independent operators, but those operators can coordinate
on-chain their configuration as if they're a single autonomous system. So all of the challenges
that precluded the public internet operators from being able to operate these, what would otherwise be fragile protocols across each other are coordinated
across the 00 ledger
through a configuration distribution mechanism
that makes this appear as if more,
it's more like the performance
and control plane of a centralized system.
Very cool, very cool.
And then I guess like specifically how is DoubleZer using multicast?
So multicast itself is just a transport mode.
So, you know, we are using it in and it's configured in the same way that, you know, a high frequency trading firm or a bank or a content delivery system
that's a centralized solution would configure it.
So we're using protocol independent multicast
or PIM as the mechanism.
We're running in something called sparse mode.
And this causes, as I mentioned earlier,
the receivers of the multicast
to build the shortest path trees.
And that state is stored in the switching ASIC
that the 00 devices operated by the network contributors
sort of have the tree awareness
and then packets arriving at the 00 device
are replicated according to those tree structures.
So one of the cool things about this, I think as Andrew sort of touched on
is like the double zero network is a very low level network.
This is operating way below the level of Solana or an RPC or something like that.
This is like literally dealing with, you know, physical infrastructure and the protocols that
run on top of them. And so multicast can be used to transport all sorts of data. You have probably
come into multicast in your own daily life in a very limited capacity and its residential
implications, which is how things like AirPlay and Sonos speakers take one copy of the music
from your phone and get it
to six or seven different speakers in your house. Your phone's not sending out six or ten copies of
the data. The network layer is doing that. And so we can do this at a global scale on the 00 network.
And so this is sort of, I would say, like the first type of data feed that is being supported over the double zero network,
which is multicast data for Solana Shreds. And what's really cool about this is if you think
about like the problem space here, imagine the New York Stock Exchange moved every 1.6 seconds.
Now it's in New York. Now it's in London. Now it's in Singapore. Now it's in Tokyo. Now it's
in Amsterdam. It's just, it's an insane problem. It's like the thing about Solana that's so beautiful is that it
works. Like it is this crazy complicated system that operates all around the world, that moves
leaders every 1.6 seconds. It has to get all this data synced up and it all like, it works beautifully.
It's robust. it's an incredible system
architecture but it's not geographically aware and so there's all of this type of stuff we can
do to make the movement of data around the world much more predictable and get it to people who
want to receive it uh like traders much more quickly which will help improve trading on
solana will make market makers able to quote tighter, you know, should reduce slippage, all of these types of things.
And multicast is like a core part of how you ship data around the world really quickly when you have to get it from a huge number of different sources, right?
There's a thousand validators publishing, you know, shreds that they produce in any given epoch.
And then you have to get it to thousands of recipients who are also all located in different
places around the world.
So yeah, Solana Shreds are a great use of this technology, but you know, we can also support
custom multicast implementations on the 00 network as well, which you know, many folks
are now experimenting with and trying out today.
So if you have some sort of custom systems,
maybe it's something where you've got a protocol built on Solana
and you have a bunch of nodes that run components
that need data updated periodically,
all these types of things can be supported as well.
And that's one of the real powers of multicast
is it's not like specially built for Solana Shreds.
Now we've done a bunch of optimization for this
and that sort of thing,
but it's applicable to any type of data
that needs to be moved from one place
or many places it's produced to multiple recipients
as quickly as possible.
Got it, powerful, very cool.
And then I guess a part of this,
a huge part of this announcement
is just like the distribution of steak
and like the importance you put in that.
Devour, if you want to speak on just the importance of a global distribution of steak, like how is that going to be beneficial to this whole system?
Yeah, I think I have a lot of viewpoints on this.
I think as an operator of a steak pool ourselves, I think the global distribution of steak is a really big thing.
of a stake pool ourselves i think the global distribution of steak is a really big thing
i think for both um for steak weight as well as like globally um it's it's really really big and
so i'm a huge fan of what you guys are doing as jota knows i've probably been talking about this
with him for uh two and a half three years now so i I haven't been more excited for phase two to come live.
And I also haven't been more excited to see a tool I've been working on.
Jared is, I know, in the audience here.
Phase built a payment tool, and I haven't been more excited to see a tool
that I spent hours building have no use case for double zero anymore. So I am, I'm, I'm extremely,
extremely excited about everything that you guys are doing.
And I think the,
the really big thing that I I'm mostly excited about is I'm particularly
excited about ring three for, for double zero.
I think everything regarding ring three is super, super powerful. It's really difficult to
get servers out there, but for those that do, it is super important to bring stake as far away from
being in these single points of failure as possible. So yeah, I'm excited if you couldn't
tell. But I am also curious to see what other areas within Ring 3,
because I think Ring 3 is a, you know, if you look at it on a map,
there's other areas that you can have more servers in.
And so I'm interested to see where 00 expands to next
in terms of devices and locations within Ring 3.
in terms of devices and locations within Ring 3.
Yeah, the beauty of this entire system
is we can expand Ring 3 to new locations
as new pieces of fiber come online.
And this is a really cool and important component of it.
Now, obviously, this is not our stake.
This is stake contributed by people into the stake pool
as much as I would love to say I have that much soul. I do not. Uh, and so as long as the
stake pool allows, we can keep expanding geographic diversity to new markets as new fiber contributors
come online. And one of the cool things is we're starting to see kind of consortiums of validators
who say, Hey, it's really important for me to be able to run a node
in this country. And I'm going to go and team up with a bunch of the other folks who want to run
a node in our home country. And we're going to go look at actually what would it take to become
a contributor to 00 and bring that fiber in. This is actually one of the earliest stories of 00
is the Rockaway X team, you know, just really wanted to run all their Solana infrastructure
in Prague because that's where they're based. And so they became network contributors and got
fiber capacity to make it easier and more profitable and reduce the latency penalty
so they could run in still in Europe, but outside of Amsterdam and Frankfurt.
And so we've seen folks all over the world be interested
in this. Now, you know, it's obviously takes effort to become a network contributor. It's,
you know, managing and getting access to dedicated fiber is not as easy as just spinning up a server
somewhere. But if anyone's interested, you know, especially in markets that are in ring three,
but don't currently have 00 fiber to them.
Yeah, we'd love to talk and we'd love to expand this program to as many geographies as possible.
Amazing.
And Tim, I guess, what would this 3 Ring delegation program mean for the performance of Solana?
How do you see this impacting the network?
I mean, in terms of performance, that's a tough one, right?
Because I think the most performant blockchain is everything co-located in the same data
center.
So that would be ideal in terms of getting packets around quickly, but not ideal in terms
of a single point of failure.
So really, when I think about geographic decentralization,
it's less for performance and more for what happens,
like Austin likes to say, if a cable gets cut, right? Or if there's a fire at a data center,
or if a data center provider just decides,
hey, Solana can't operate here anymore.
All these are examples of things that have happened in the past
and were varying levels of
big fires. So it really helps the network in terms of fault tolerance. If something really
bad or unexpected happens, some sort of once in a hundred year event, I'm much more confident that
the network can handle it if we have more geographic decentralization
and more infrastructure in more places.
Yeah, we were running some validators
that the entire city's power grid went offline.
So I can speak to this firsthand.
firsthand. It was like last month, it was not fun. So geographic
It was like last month, it was not fun.
So geographic decentralization is very important.
decentralization is very important.
Also, I think it's very important to note that the
validators to get this extra stick, they also need to be
connected for IBRL mode. So what this do is reduces the
latinx for the validator by a big margin on Ring 3. And I know by experience, I have a validator in Brazil and it's, it's almost
half the time to communicate with Europe than it was before 00.
And there is this, this argument on blockchain since always that you need to
give up on performance to get decentralization. And what DoubleZero is doing, it's increasing the performance at the edge
so you're not really trade off that much of performance
and you're able to be very high performance at the edges of the world.
I think a really important thing to sort of remember
is when you're looking at like, you know,
this is the concept of the nakamoto coefficient of a blockchain which is how many entities do you have to collude in order to
create a problem on the system and so on a blockchain like solana you you add up you know
33 of the state uh because double zero is a physical network the thing to remember is the
number of independent contributors operating on the network remember is the number of independent contributors operating
on the network and also the number of independent fiber lines coming into a region are really
important. So you may look at somewhere, uh, you know, like Sao Paulo today. And if you
look at, if you go to double zero dot X, Y, Z slash dashboard, you can actually see this
all in, in real time. And you go to this contributor contributor mode you can actually look at how many independent
contributors are bringing independent capacity into a specific market so there's one two three
four five different contributors bringing uh fiber into tokyo for example that's across many
independent cable systems and that's kind of one of the real hallmarks here
for what resiliency looks like,
as Tim is talking about is, you know,
the internet as much as it is an awesome, great system,
it is one network, it is reachable from any point.
And that's by design.
And so by having this alternative pathway around the world
on the double zero network that runs on multiple cable systems from multiple different contributors, we can create these alternative high performance
pathways for Solana state and for consensus and transactions and all this type of stuff
as well. So yeah, we're really excited to be a part of this whole vision and mission
of scaling Solana up to genuinely compete with Nasdaq and centralized exchanges and move
price discovery back on chain. Love it. Cool. And a lot of this is enabled by the new Edge product.
I think if we want to go back to that and kind of speak to Edge and what that means
for 00 and for the validators right now. I think that'd be great. Yeah, certainly. So for validators, maybe it's actually useful to go through kind of like
from the perspective of each. So if you're a validator today, what's changed? If you're
currently on double zero, you're no longer paying any fees. If you're not currently on double zero,
you can now join double zero at no cost. And what's even better is as traders and market makers and exchanges and others start subscribing
to the shred product from double zero, you will start to receive a proportional revenue
distribution share in exchange for the work you're doing of building shreds and blocks
and sharing those shreds via multicast through the double zero network. And so from a
validator's perspective, like it's just a pure win-win, like you have no cost and you can do
some work and you can enable multicast and you can start receiving a new revenue stream. From
the perspective of people who want to consume shreds, you know, this is a pretty big game changer. Now, the interesting
thing about this is, you know, shreds are only, they're valuable to the most sophisticated
traders, right? The people who are doing prop AMMs and the people who are building, you know,
market making systems and all this sort of thing. And so from them, they can now get access to
faster data than they've been able to get access to before. And so we think that's pretty interesting and exciting. And then for
protocols too, that are building their own systems, right? Like you see this all the time where
you have, you know, even a massive on-chain protocol has components that also exist off-chain
and those often need to be synced up and
coordinating with each other. And now part of the cool thing about 00 edge, and this is this is a
little buried in our product launches, it's a little bit more nerdy, but we can support this
custom network implementation on top of the 00 network. So if you're building a protocol or
project on Solana that interacts with a lot of different
data on Solana, you can now get access to the global double zero network and build and
deploy your infrastructure on it the same way Solana validator or an RPC can as well.
And so we think that's very cool and exciting for just speeding up on chain trading and
speeding up the speed at which markets can move.
Yeah, it's fantastic.
Okay, love it.
And I guess if a validator wanted to participate in the edge,
what would they need to do right now?
Yeah, so we are in the process of integrating,
well, I didn't say we are.
Most major Solana clients are actually updating to support 00 integrated in it out of the box for 00 edge. So both the Gito team and the harmonic team are in the process of integrating the ability to just, you know, go in to your validator configuration and in one line and one change, turn on sending into 00 multicast. And so if you are connected to the 00 network, which again, now you can do for free for any of your validators,
you'll just, you know, within the next week or two, as these software updates roll out through
the validator clients themselves, you'll be able to just opt into this with a very simple
configuration flag on your validator the same way you would
configure any other parameter. And so this will be quite easy and sort of baked in and something
that validators can easily opt into to produce this additional revenue stream. If you are looking
to consume the shred data, that will also be a process that is on chain. And so we'll have a lot
more info coming out about that next week. But for now,
if you go to 00, you can sort of sign up for some early access and to get notified there. Sorry,
Andrew, I think I cut you off there. No, no. I just wanted to say it's worth noting that Gito
319 supports multiple shred receiver addresses and the Fire and Frankendancer clients also support multiple
Shred receiver addresses.
So for operators that are running in that version, you can do this today.
So like I mentioned earlier, there's already, I think, 120 or more publishers already doing
this today.
So we're going to try to make it easier to Austin's point by, you know,
having having that access be, you know, sort of an easier knob to turn for operators, but you can
turn that knob today if you wish. And if you run into any trouble with that, just reach out to
Jared and Kevin here, they will they will help you figure that out.
Amazing. Devour looks like you want to say something.
Yeah, I guess I had a couple questions from the validator perspective. I think I already have
some of the answers to some of these, but I think it's still healthy to get these questions out,
because I've seen a lot of them floating around. One of them is, I've seen that lots of validators went and deposited a bunch of soul into their 00 invoice PDA.
Will they have the ability to withdraw that?
Because I know that that's been somewhat of a pain point for some of them.
And then the other one, and this is actually more so a personal curiosity,
validators absolutely love calculators.
That's profit calculators, state calculators that's profit calculators state calculators all that
stuff i know you guys came out with one for double zero phase two stake but um will there be like
some sort of calculator to to help them see how much i know that this is very early stage but um
they'll receive from multicast revenue because i know it's stake weighted and all that stuff, but I think it might be an interesting future tool.
Yeah, totally.
So very much like how, you know,
if you're a validator today,
you receive, you know, MEV rewards as well
if you run one of the Gito implementations
and that can vary greatly depending on epoch.
So it's very hard to put a calculator
for something that has variable inputs, but it's very hard to put a calculator for something that is
variable inputs. But it's definitely something we'll look at as we get more data. And there'll
be, of course, good look back dashboards that say, if I were contributing a week ago, you know,
here's what my share would have been. The stuff that's backwards looking is much easier than
forward looking for any of these types of things. Yeah, and then of course with the double zero network going to no fees, validators will
not be charged a fee anymore.
And we've got a lot of engineering to do, but anything that was deposited into a payments
account already that is not debt the validator owes will of course be returned to them in
good time. It's just, we've got of course be returned to them in good time.
It's just, we've got a bunch of engineering to do at the moment.
Yeah, it was more so just a question that I've seen getting floated around.
I knew that it was already being worked on, but appreciate that.
Yeah, I think it's important to also just kind of discuss, like, why does all of this
matter, right?
Like, even for the Solana community and everyone kind of in blockchain that maybe is not a
validator but listening to this, you know, the title of this space is called Extending
the Solana Network to the Edge, but how does all this kind of fit together?
So I think, you know, as we consider the importance of traders kind of being the economic engine
behind most blockchains, we have to, you know,
spin up infrastructure that they're familiar with, right?
And so you think about a globally distributed network
in terms of stake, powered by high performance rails,
and then accelerated communication by way of multicast,
ultimately all results in kind of just a faster,
more performant trading environment for everyone on Solana.
So hopefully that adds just some perspective of like,
how do we think about all this together and where all these pieces
come into the ultimate vision of, you know, competing with NASDAQ.
the ultimate vision of competing with NASDAQ.
Nice.
Yeah, big day for validators.
Big day for Solana.
Any other final closing thoughts here?
Anyone speaking?
Anyone got some questions?
I feel like we've gotten softballs this whole time.
Yeah, okay, if you want to get a little spicy, how would this not work?
What's the reason why this wouldn't work?
What are you guys proposing?
If Solana stops being an attractive venue for trading.
Shreds are useful when there's economic
activity. And so if, if there's a lack of economic activity on a network, there's no
reason to care about getting fast, early access to shreds. Now, the beauty is Solana still
is, uh, you know, an incredibly powerful force in on-chain trading and DeFi. Um, but you
know, really what this is, is downstream of
economic activity. This type of data over multicast is not useful to anyone if there's no demand,
you know, if there's no economic activity to be had on this. And so there have been plenty of
protocols that have reached out to us that have said, hey, we want to do some work on this stuff.
And, you know, the sad truth is like, if there isn't economic activity
through your system, it's very, it's very hard for anyone to prioritize paying for speed
and, or in data access and these sorts of things, because this is what it's all about,
right?
Like traders want to be really actions happening.
And so, you know, Solana as one of the major homes for retail trading is very well
positioned for this. But I think that is, you know, when we look at sort of the macro level
side of things, you know, speed matters on NYSE and NASDAQ and CME and all of these major exchanges
because volume happens there, pricing happens there, and liquidity exists there. And so this is kind of the big thing about like, you know, blockchain at Nasdaq speed
and trying to make Solana more suitable to that type of like professionalized trading
in addition to the retail home that it is now.
Like that's the end game.
That's what Toli has been talking about for years.
It's that we want price discovery on chain.
We want markets moving on chain.
It'll be incredibly powerful for the entire Solana ecosystem.
And to make that happen, you'd need this type of fast access to data.
But the inverse is also true.
If no one cares about access to fast data, there's no need for fast data.
Yeah, that makes sense.
And I guess like for the smaller validators who are going to be incentivized with shreds, like is there going to be like enough economic incentive for like as much smaller validator to participate in the edge product?
and even like every dollar matters, right?
And so I think part of the thing to remember here
is like there's no real additional cost
for a validator to participate in this, right?
You don't have to pay a double zero seat fee anymore
or something along those lines.
In fact, there's even, you know,
if you're running in one of these Ring 3 geographies,
there's actually stake to be had
by connecting and doing this.
So I think, you know, if you are a super small validator trying to eke it out, like in AM2
or AM4 or something like that, you know, this will still be a revenue stream for you, right?
Even if we're not talking about like massive numbers because you only have, you know, a
tenth of a tenth of a percent of stake, you know, a little
bit of money is better than no money.
So, you know, it's really hard to look forward and project what revenues sort of could look
like for these types of things.
You know, crypto changes so quickly and everything like that.
But you know, more than zero is more than zero, I guess is what I would say. More than zero is more than zero. I guess is what I would say.
More than zero is more than zero.
It's double zero.
Very cool.
There you go.
Yeah, anything else that anyone feels like they want to share while we're having spaces?
If not, happy to bring it home.
Really appreciate the time from everyone up here. Exciting day for 00, exciting day for the network.
Much appreciation.
Yeah, thanks for doing this.
Really appreciate it.
I guess on behalf of our leaders, thanks for doing this.
I'll just re-echo the same exact words.
Yeah, I appreciate it guys um and I guess like
what could you do to help right from here today if you're a validator like consider moving to the
network edge to extend you know the network outside of these you know more concentrated
regions and then connect to double zero it's Enable multicast to reach the publisher network.
And then if you're a trader kind of interested in this new product,
there's some resources on our website for you there to kind of explore what's coming.
So, yeah. Thank you. Thank you, Solana.
Thank you to everyone on stage for hosting. Appreciate it a lot. .
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