https://polkadot.subsquare.io/referenda/1317

Merkle Mountain Belts (MMBs) Proposal Summary

• Objective: Develop Merkle Mountain Belts (MMBs), a new data structure to improve Merkle Mountain Ranges (MMRs) used in protocols like BEEFY.
• Deliverables:
  • A research paper co-authored with Alistair Stewart.
  • A Rust library implementing MMBs.
  • Integration of MMBs into the BEEFY protocol.
• Benefits: Estimated annual cost savings of $1.0-1.4 million for users of bridges like Snowbridge and Hyperbridge.
• Timeframe: December 2024 to December 2025.
• Funding:
  • $506,110 USDC for completion.
  • Additional 29,428.62 DOT once savings exceed costs.
  • Potential 30% share of savings over 10 years.
• Team: Led by Alfonso Cevallos (Ph.D. in mathematics) and Robert Hambrock, experienced in Polkadot development.
• Updates: Regular progress reports on ogtracker.io.
• Changes: Adjustments made since the original proposal, including deferral of 30% of costs and changes in funding calculations.