New post on ! Parallel Auctions on Commit-Boost By: - Chanyang Ju 🔗 Highlights: - The proposed State Lock Commitment mechanism ensures that specific blockchain states are reserved for certain transactions, preventing conflicts and execution failures. - The mechanism includes two main components: Exclusion Commitment (which prevents conflicting transactions) and Inclusion Commitment (which guarantees that a winning bundle will be included in a block). - By allowing multiple non-conflicting auctions to run in parallel, the system increases market efficiency and enables searchers to bid more aggressively. - The architecture introduces a Gateway for managing auctions and a LockEngine for enforcing state constraints, enhancing the overall block-building process. - The Proof-of-Concept implementation demonstrated that the new system can effectively prevent conflicts and allow for predictable execution of transactions. ELI5: This article introduces a new way to make sure that transactions in blockchain auctions are executed correctly. It suggests a system where auction participants can reserve specific parts of the blockchain state to avoid conflicts, making the whole process more efficient and reliable.