The Gwart Show | Blockspace Media

Inside Tempo: Stripe's New L1 For Payments


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Mallesh, formerly Special Mechanisms Group and Rice University joins us to talk about his move to Tempo, Stripe's new payments-first blockchain.We dive into why they built another L1, multi-stablecoin architecture, MEV challenges in payments, with credible neutrality

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Notes:
• Tempo is designed for fast finality payments
• Stablecoin agnostic w/ AMM
• Reserved block space for payment txns
• Cross-border wire transfers are still broken for traditional systems
Timestamps:
00:00 Start
00:25 Who is Mallesh?
01:50 Special Mechanisms Group
03:49 Consensys

05:34 Tempo

08:14 Advantages of Tempo
10:36 Specific Tempo designs
13:58 Fungible stablecoins
14:44 Tether & economies of scale
18:14 Validator set
22:45 Payments Only blockspace
25:51 Mallesh's title
26:58 Products
28:36 Tempo AMM
30:33 Remittance use case
35:16 International transfers & corespondent banks
41:26 Are banks cooked?
43:30 Why a new Layer 1?
48:08 Credible neutrality
50:36 Crypto Twitter is now the kiddie pool
54:45 The future of proof of Stake is... trust
1:04:03 MEV memory hole

The Gwart Show is sponsored by Ellipsis Labs, the builders behind Atlas, a blockchain for verifiable finance and Phoenix, an on-chain orderbook DEX with over $50 billion in unincentivized volume.
If you’re interested in a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas. Learn more and apply on Twitter at @Ellipsis_Labs and @atlasxyz.

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