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1/ Why am I so bullish on #MultiversX formerly @ElrondNetwork and the team?

Let me paint a picture 🌠

Imagine your current top performing ⛓️ as a building. A skyscraper even. 🗼

Let’s use #Eth and #Sol as an example

They are some of the worlds largest and most impressive…👇
2/ BUT the foundation they are built on cannot sustain much more growth without support

Support in the form of L2’s or powerful computers to validate the network

They are nearing their limits or will be soon hence #ETH 2.0…

Problem with this as we have seen is…👇
3/ that trying to rebuild the foundation to support more growth, ie. #ETH 2.0 takes YEARS and a TON of work 🛠️

This is NOT ideal and will create future bottlenecks 😬

Many will argue the case for L2’s here but they have their faults and issues as well

That’s for another 🧵…
Read 11 tweets
1/ I can't believe it's been this 3 years already. the @uport_me team won a prize after launching the first version of our Self Sovereign Identity wallet at DevCon2 on #ethereum complete with social recovery using proxy contracts, wallet connect like QR codes and gas funding.
2/ Our focus is still on Self Sovereign Identity for #ethereum, but we've learnt so much since our first experiment back then.

Here is a diagram of our original architecture...
3/ Most importantly the key to safely build #identity on a blockchain is to actually use as the #blockchain as little as possible.

Ideally a good identity solution for blockchain applications provides an off-chain method of linking together on-chain interactions.
Read 17 tweets

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