Writing

Ideas on engineering, leadership & scale.

June 26, 20267 min read
Running the Exchange · Part 5EngineeringOperations

Transaction Prioritization: The Race From Request to Broadcast

When restores, sweeps, retail withdrawals, and institutional transactions all compete for the same queue, how does the platform decide what goes first and what happens when the wrong decision blocks thousands of customers.

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June 23, 20266 min read
Running the Exchange · Part 4EngineeringOn-chain Optimization

The Dust Problem: Crypto's Hidden Operational Cost

Every transaction leaves a remainder. Across hundreds of millions of addresses on multiple chains, those remainders accumulate into a problem that compounds silently, costs real money, and never gets smaller as blockchain adoption grows.

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June 19, 20269 min read
Running the Exchange · Part 3EngineeringUTXO / EVM / Solana

Coin Selection, Parallelism, and the Architecture of Crypto Throughput

How Bitcoin, Ethereum, and Solana handle transaction parallelism differently, why coin selection matters at exchange scale, and how address design determines whether your platform serves retail and institutional customers equally well.

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June 16, 20266 min read
Running the Exchange · Part 2Liquidity ManagementOperations

The Zero-Sum Balancing Act

How crypto exchanges manage hundreds of assets against a single risk ceiling in real time and what it actually takes to keep that balance invisible to the customer.

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June 13, 20265 min read
Running the Exchange · Part 1Liquidity ManagementCustody & Security

The Cold Wallet Dilemma: Security vs. Customer Experience

What really happens when you hit "withdraw" on a crypto exchange, and why the engineering that keeps your funds safe is the same engineering that sometimes makes you wait.

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More coming