Good question.My take on this is centered around the core idea of a blockchain being purpose-built vs. "general purpose" in nature.With Plasma as an example, the chain has:- gas-free usdt transfers- specific consensus mechanism for anti-spam- uses bitcoin for security rather than ethereumThese are small things from the outside, but when you get lower level in the stack you realize they are mega differentiators.Tempo has opt-in privacy, stablecoin gas fees, a better UX meant for payments.These things matter. ...

payments chainsI am not an expert on payments, but I have worked in 3/5 of the big banks in Canada, as well as several fintechs building payments rails and moving a lot of money with code — and most recently on high-perf chainswhich is to say I have some opinions on the concept of a high-perf chain for paymentsthis will be a long post so I suggest clicking the grok button on the top rightfirst, how can a blockchain have a payments focus in the first place?in the past, there have been several approachesone i ...

Tempo's Core Principles - Tempo aims to be a permissionless chain, allowing anyone to deploy tokens and transact from day one [1] - The network plans for permissionless validation, smart contract deployment, and usage, similar to Bitcoin, Ethereum, and Solana, starting with a permissioned validator set for initial operation and gradual decentralization [2] - Tempo will incorporate features to facilitate compliance for entities interacting with the blockchain while maintaining base layer neutrality [3] Rationale for L1 - A decentralized validator set is deemed necessary for global payments to ensure neutrality and foster trust among numerous partners [5] - Building on L1 provides more independence and reduces dependencies on Ethereum L1's progress [6] - Prioritizes fast finality, multiple validators, and custom transaction lanes and gas pricing, which might be complex or slow to implement on an L2 [7] Vision and Goals - The goal is to onboard mainstream entities onto permissionless crypto rails for specific payments needs [4] - The project focuses on building the right product for crypto payments, avoiding crypto tribalism [6] - The company supports permissionless crypto, including Ethereum L1 scaling, L2s, and Bitcoin as a monetary asset, aiming to facilitate real-world payment flows on crypto rails [8]

Decentralization & Infrastructure - Tempo chose to build a Layer 1 (L1) blockchain instead of an Ethereum Layer 2 (L2) to ensure credible neutrality through a decentralized validator set for its partners [1] - Tempo aims to be a permissionless chain, allowing anyone to deploy a token and transact on the chain from day one [2] - The company doesn't want to be dependent on the speed of Ethereum L1 progress [1] Market & Industry Trends - The crypto industry is entering its practical era [1] - The market is moving towards revenue/value territory, focusing on bringing all of finance on-chain [2] - The industry is shifting away from DAOs, fugazi decentralization, and overemphasis on idealism/tribalism [2] - Real-world usage and serious institutions require giving up on maximalisms, prioritizing practicality, control, and scalability [2]

Layer-1 Blockchain Development - Tempo chose to build a Layer-1 (L1) blockchain instead of an Ethereum Layer-2 (L2) [1] - Tempo believes a decentralized validator set is a necessary requirement for partners to ensure credible neutrality [1] - Tempo will be a permissionless chain, allowing anyone to deploy a token and transact on the chain from day one [1] Permissionless Access - The project aims to attract real-world usage and serious institutions without giving up on permissionlessness [1]

TL;DRlaunching an L1 is objectively the right decision if you think you have what it takes to winhowever, the idea of a payments chain does not work in practicethe only way to permission blockspace is by being turing incomplete (bitcoin, stellar at first) OR by permissioning blockspacebut permissioned blockspace is closer to web2 than it is to actual blockchainand the second you remove the permissions, you run into the exact same perf issuesTBPN (@tbpn):.@0xMert_ on Stripe × Paradigm’s @Tempo L1:“If I were ...

every new L1 will have to compete with both Solana and the manlets and Hyperliquidand we love a good competitionbest of luck ...

I am irrationally tilted by the messaging around Stripe's L1 (then again perhaps not so surprising since it's not actually Stripe)gentlemen: it is *totally* okay to build this L1 because you want more full stack control and to own your distributionAlso perfectly legitimate to want the L1 premium and to have permissioned validator setsBut there is no need to randomly make up nonsense about scaling and performancei) having a dedicated "payments channel" does not magically get you TPS or low feesIn fact, the o ...

Stripe and Paradigm unveil new L1 @tempohttps://t.co/xdtQticpO6 ...

DeFi & L1/L2 Ecosystem Updates - Crypto.com Research & Insights 发布 DeFi+L1L2 更新报告 [1] - Cronos Chain 发布新路线图，目标是建立成熟的 DeFi 生态系统 [1] Partnerships & Integrations - Underdog 与 Crypto.com CDNA 合作，提供体育赛事合约 [1] Stablecoin Market - USDe 总供应量达到 120 亿美元，占 USDC 供应量的 17% [1]