# Execution Tickets with Pascal from ephema

- Channel: [ZuBerlin](https://streameth.org/zuberlin)
- Date: 2024-06-12
- Duration: 24:42
- Topics: blockchain, protocol research, decentralization, economic theory, data analysis
- Watch: https://streameth.org/watch/6669763c07f92b086c288f7a
- Download: https://vod-cdn.lp-playback.studio/raw/jxf4iblf6wlsyor6526t4tcmtmqa/catalyst-vod-com/hls/9b0d8wpv5tzhozy6/1080p0.mp4

## Description

Clip The video outlines the concept of execution tickets and their role in managing MEV (Maximal Extractable Value) within blockchain protocols. The speaker discusses ongoing research focused on capturing MEV at the protocol level through execution tickets, which were first proposed to separate the consensus chain (beacon chain) from the execution chain. They explain how this separation allows for randomization to prevent issues like multi-block MEV and liveness problems.

The talk delves into data analysis on multi-block MEV, examining whether there's value in controlling multiple slots consecutively. Preliminary findings suggest more multi-slot sequences occur than expected by chance, but the reasons behind this are not fully understood.

The speaker also covers simulation results of different mechanism designs for selling execution tickets, such as auctions and pricing mechanisms. Initial takeaways indicate challenges in achieving decentralization and transferring existing pricing models like EIP-1559 directly to execution tickets.

Future steps include making simulation agents more sophisticated with strategic bidding and updating the multi-block MEV data analysis with newer information. The talk concludes with a Q&A session clarifying how execution tickets can redistribute MEV earnings from validators to all token holders, potentially benefiting a broader set of stakeholders within the ecosystem.