According to @deanmlittle, citing @cavemanloverboy on X, current MCP proposals would allow a low-latency participant in Hong Kong to read an outbound newswire and outbid a Singapore observer before the NYSE 50 ms auction merge rule orders transactions, effectively privileging newswire latency over direct event discovery; source: https://twitter.com/deanmlittle/status/2016332872077214079, source: https://x.com/cavemanloverboy/status/2016237694427529623. They assert that a leaderless algorithm like Hedera’s hashgraph would instead let the Singapore order win if its transaction propagates faster, because ordering follows network propagation rather than a centralized merge; source: https://x.com/cavemanloverboy/status/2016237694427529623. For traders, this positions MCP-style auctions as still susceptible to latency arbitrage, making execution priority hinge on connectivity and propagation paths, while leaderless consensus could reweight priority toward message propagation speed; source: https://twitter.com/deanmlittle/status/2016332872077214079. The post urges acknowledging the market design being built, highlighting implications for order fairness and auction design with relevance to HBAR and hashgraph discussions; source: https://twitter.com/deanmlittle/status/2016332872077214079.

According to Cas Abbé on Twitter, the selected cryptocurrencies for analysis are Litecoin (LTC), Ethereum (ETH), and Hedera (HBAR). Recent data shows that LTC's transaction speed and lower fees compared to Bitcoin make it a viable option for traders seeking quick trades (source: CoinMarketCap). Ethereum's recent upgrade to Ethereum 2.0 has significantly increased its scalability and reduced transaction costs, attracting more institutional traders (source: Ethereum Foundation). Hedera's unique hashgraph technology offers high throughput and low latency, which is beneficial for high-frequency trading strategies (source: Hedera Official).