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zeekayandHanzo Dev 70f6883235 Restore the regulated-markets papers; Lux holds the licences
A July commit removed eight papers on the premise "no license — DEX/non-custodial
only". That premise is wrong: Lux operates an ATS, a broker-dealer, a transfer
agent and a bank, and this material is resold at lux.financial. The merge that
brought main in preserved the removal because the commit stated a reason, which
is how a stale reason outlives the fact it rested on.

Back, at the versions main carried — main never received the removal, so its
copies are the later ones: the ATS architecture, the security-token standard,
smart order routing, institutional custody, MPC custody, post-quantum securities,
the SSB partnership and the CoinBridge brief. 83 files.

Co-authored-by: Hanzo Dev <[email protected]>
2026-08-30 15:58:05 -07:00

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TeX

\section{Performance}
\label{sec:perf}
%% =====================================================================
Benchmarks on Apple M4 Max (Go implementation with SIMD NTT):
\begin{table}[h]
\centering
\begin{tabular}{lrrr}
\toprule
\textbf{Algorithm} & \textbf{KeyGen} & \textbf{Sign/Encap} &
\textbf{Verify/Decap} \\
\midrule
ECDSA (secp256k1) & 0.02 ms & 0.03 ms & 0.05 ms \\
Ed25519 & 0.01 ms & 0.02 ms & 0.04 ms \\
\midrule
ML-KEM-768 & 0.04 ms & 0.05 ms & 0.04 ms \\
ML-DSA-65 & 0.10 ms & 0.35 ms & 0.12 ms \\
SLH-DSA-128f & 0.01 ms & 3.50 ms & 0.20 ms \\
\midrule
Hybrid (ECDSA + ML-DSA-65) & 0.12 ms & 0.38 ms & 0.17 ms \\
\bottomrule
\end{tabular}
\caption{Cryptographic operation latencies.}
\label{tab:latency}
\end{table}
ML-DSA verification is approximately $2.4\times$ slower than ECDSA
verification. For a blockchain that processes 4,000 transactions per
second, this adds 480 $\mu$s of verification overhead per block of
1,000 transactions---negligible compared to consensus latency.
The larger signature sizes (2,420 bytes for ML-DSA-44 vs.\ 65 bytes
for ECDSA) increase transaction data by approximately 2.3~KB. At
4,000 TPS, this is 9.2~MB/s of additional bandwidth---well within the
capacity of modern validator networks.
%% =====================================================================