Hey there, I am Chirag Mehta and these are my updates for week 3 (31/07 - 06/08).

This week was majorly about understanding the need of PBS, and the various domains it touches like MEV, consensus to understand the broader level of Ethereum.

Updates:

* Started reading Eth2Book
* Had a call with Mentors (Potuz and Terence) where they discussed about the expectation and need from this fellowship and steps for further weeks to go ahead.
* Read about PBS, payload-timeliness-committee(PTC),shared by the Terence and Potuz (Prysm team).
* Read about MEV to get better understanding of PBS.
* Referred to articles and videos by various EF researches on these topic.

References:

[Proposer-builder separation](https://ethereum.org/en/roadmap/pbs/)

[MEV on ETH2: MEV-boost, PBS, Danksharding... How do the pieces fit together? - Vitalik Buterin (EF)](https://www.youtube.com/watch?v=OD54WfVuDWw&ab_channel=Flashbots)

[Evaluating the PBS Experiment: Early insights from MEV-Boost and the Builder Market by Jolene Dunne](https://www.youtube.com/watch?v=BFVSRSN5E_A&ab_channel=EthereumFoundation)

[Ethereum PBS R&D Roadmap - Mike Neuder](https://www.youtube.com/watch?v=7OxDXd9C2SY&ab_channel=Celestia)

Next Steps:

* Plan to go through (draft)design specs proposed by Potuz and Terence.
* Diving into ePBS specifications prepared by Prysm team.