History growth is currently the biggest bottleneck for scaling Ethereum. Somewhat unexpectedly, history growth has become a much larger problem than state growth. Within a couple years, history data will exceed the storage capacity of many Ethereum nodes.

Reth is an all-in-one toolkit for building high performance and customizable nodes. We recently published our performance roadmap for improving Reth’s performance >100x, and Reth AlphaNet, our testnet rollup for pushing Reth’s modularity and extensibility to the limits.

We started building Reth in 2022 to provide resilience to Ethereum L1, and solve execution layer scaling on Layer 2. Today we’re excited to share Reth’s path towards 1 gigagas per second in L2 in 2024, and our longer-term roadmap for going beyond that. We invite the ecosystem to collaborate with us as we push the frontier of performance and rigorous benchmarking in crypto.

Today, we are excited to open source Reth AlphaNet, an OP Stack-compatible testnet rollup aimed at maximizing Reth performance and enabling experimentation of bleeding edge Ethereum Research.

We are excited to announce that after 21 alpha releases since July 2023, Reth is entering beta.1 and preparing for our 1.0 “production ready” release once audits are done in the next few months. In this post, we’ll discuss the core features, performance, and stability of Reth Beta. In the near future, we will be publishing guides on how to maximally leverage Reth in your infrastructure, and roadmaps for the future of Reth.

We’ve been thinking a lot about power perps. Power perps are assets that target the power of an index price, like index2 or index3. It’s a fun rabbit hole to go down. The longer you think about power perps, the more you see how everything resembles a power perp.

Leaderless Auctions are decentralized auctions with no auctioneer. They address the “last look” problem that can emerge when one participant is allowed to act after all others. In a leaderless auction, all participants must commit to their bids at the same time. Any violation of this commitment leads to an attributable fault. Bids are threshold encrypted to avoid information leakage.