Alkimiya: Blockspace, the Digital Real Estate

As the crypto industry matures, more sophisticated market participants become involved. As a result, risk management and hedging will evolve to levels seen in TradFi. However, regardless of the preferred market activity, when interacting with a blockchain, every actor competes for the same limited blockspace. Based on demand levels, the cost for securing that blockspace can fluctuate (in the form of miner fees for Bitcoin transactions, or gas fees for PoS blockchains). Therefore, a particular niche of power users could lower these costs by reserving blockspace in advance of elevated demand levels. Alkimiya set out to build just that - a marketplace for blockspace.

Topics:

• Leo’s background
• The vision behind Alkimia
• Market participants for blockspace
• Hedging costs
• Use cases on Ethereum
• Proposer-Builder Separation and preconfirmations
• Reserving blockspace
• Polkadot’s blockspace allocation
• Current market sentiment. ETH vs. SOL

Links:

• Alkimiya on Twitter