Antony Denyer


Tilling the land of software
  • The Real Execution Layer Is Synchronous Composability

    Ethereum has spent the better part of a decade optimizing for settlement infrastructure. Nearly every major breakthrough of the last few years has focused on increasing throughput, reducing transaction costs, improving verification systems, or modularizing the blockchain stack into increasingly specialized components. Rollups, shared sequencers, alternative virtual machines, modular execution... [Read More]
  • PropAMMs: The Rise of Programmable Market Makers

    This post is a lightly adapted cross-post of research and design work originally written while building baibai.cx at spire.dev. Some sections have been expanded, simplified or reframed for a broader audience, but much of the historical background and underlying thesis remains the same. If you want the original version with... [Read More]
  • Gas Limit vs Gas Used

    It feels like you should be able to deterministically run a transaction locally, count the gas, set that as the gasLimit, and end up with 100% gas utilisation every time. [Read More]
  • The Cost of Code Ownership

    In my previous post, I argued that GenAI shifts the centre of gravity of testing. If large language models can quickly generate plausible implementations, then tests that merely restate the implementation in another form lose much of their value. The real question becomes: what are we actually specifying, and at... [Read More]