Discover and read the best of Twitter Threads about #Scrypto
Most recents (7)
1/
what happened in #RadFi2022?
🔹nowadays the crypto is absolutely garbage for users, Devs & entrepreneurs. because they want good UX , secure platform & efficiency.
🔸 $ETH $Sol $DOT $ADA & Etc. can't response these demands as the best as possibility.
@radixdlt #Crypto #Defi
what happened in #RadFi2022?
🔹nowadays the crypto is absolutely garbage for users, Devs & entrepreneurs. because they want good UX , secure platform & efficiency.
🔸 $ETH $Sol $DOT $ADA & Etc. can't response these demands as the best as possibility.
@radixdlt #Crypto #Defi
2/
🔸#DeFi had increased to 200B dollars recently.
🔹20k Devs spend 24h/7d time to build secure & good user experience platforms but almost 6B dollars hack occurred recently!
🔸that's why the people you know who use #Web3 & #Defi are really handful.
@radixdlt #Crypto #Web3
🔸#DeFi had increased to 200B dollars recently.
🔹20k Devs spend 24h/7d time to build secure & good user experience platforms but almost 6B dollars hack occurred recently!
🔸that's why the people you know who use #Web3 & #Defi are really handful.
@radixdlt #Crypto #Web3
3/
☑️#Radix comes to solve them while providing :
scale
/ \
/ \
secure _ _ __ decentralization
Radix is a pre-sharded platform that has 2^256 shards!
the shard meaning is different from another platforms.
☑️#Radix comes to solve them while providing :
scale
/ \
/ \
secure _ _ __ decentralization
Radix is a pre-sharded platform that has 2^256 shards!
the shard meaning is different from another platforms.
So why do I think #Scrypto will ultimately take over the #rustlang #smartcontract race? Here are my thoughts 🧵
1. Non Fungible and Fungible resources are known first hand by the engine and #scrypto. This is HUGE. You dont need to design behaviors of mint, burn, transfer. They are NOT contracts. These are RESOURCES. This is TRUE native asset first #smartcontract
2. Authorization is built in as a concept and comes in 2 forms. These are simply Fungible/Non Fungible resources. These resources can be used as a form of authorization. In #scrypto, we call them a Proof. Why do we need them? Direct mapping of address => some data is UNSAFE
For my #NFT #DeFi #rustlang #scrypto challenge, I've created a #decentralized freelance platform! Here are my learnings from them all!🧵👇
github.com/radixdlt/scryp…
github.com/radixdlt/scryp…
1. For authorization, its okay to use one badge for multiple components. You can think of authorization as a login to a service/platform you have in real life. Unless you have another whole service, just use one badge!
2. When creating protected methods, its also okay to use admin rights for components to store. This gives the flexibility that the component is able to call other component methods as well as an admin user (should you want to ofc)
#CeFi was a stepping stone while the world wasn’t ready for decentralization
Let's look at why 👇
🧵
#FTX #Radix $ETH $SOL
Let's look at why 👇
🧵
#FTX #Radix $ETH $SOL
The world has had good reason not to be ready
#DeFi in its current form is fractured and hard to use
Do you agree?
#DeFi in its current form is fractured and hard to use
Do you agree?
Let’s take a cooking show as an example; competitors are given a time limit, and they run and frantically try to make a five-star meal with scavenged and limited ingredients. Rarely is the end product actually five stars
@fabgenovese @fuserleer @radixdlt
1/n
It is very difficult to step back to gain perspective.
1. It is conceivable that any sort of exchange as we think of it is not needed
2. We are balancing opposites, areas of intrinsic tension
i. The DLT/dApps on top
ii. Mechanical laws/human preference
1/n
It is very difficult to step back to gain perspective.
1. It is conceivable that any sort of exchange as we think of it is not needed
2. We are balancing opposites, areas of intrinsic tension
i. The DLT/dApps on top
ii. Mechanical laws/human preference
@fabgenovese @fuserleer @radixdlt 2/n
And
3. false opposites e.g.
i. Trust/trustless
Possibly also
ii. Decentralisation/law
Each huge subjects
I trust the entity on the other side of a code as contract if I understand there incentives and disincentives
There are other forms of more human trust that bring up
And
3. false opposites e.g.
i. Trust/trustless
Possibly also
ii. Decentralisation/law
Each huge subjects
I trust the entity on the other side of a code as contract if I understand there incentives and disincentives
There are other forms of more human trust that bring up
@fabgenovese @fuserleer @radixdlt 3/n
4. Anonymity/Known entity
All play together.
I think it is fair to say that financial instruments have never previously actively encompassed these crucial elements by design (and others I haven’t thought of).
Meanwhile the legal landscape evolves
4. Anonymity/Known entity
All play together.
I think it is fair to say that financial instruments have never previously actively encompassed these crucial elements by design (and others I haven’t thought of).
Meanwhile the legal landscape evolves
Ok guys - no, just moving the new Bored Ape Yacht Club project to [insert layer 1] running the EVM is not going to solve the Bored Ape/ApeCoin/NFT issue. A thread. 🧵
1/16 For reference, here is the issue: and no, an application specific blockchain/subnet/parachain/L2 running the EVM isn’t going to help you either. Not if your ambition is mass market.
2/16 The scalability constraints that caused the issue here for the Bored Ape team isn’t just scaling transactions. It is about scaling trustless computation (smart contracts) via the Ethereum Virtual Machine (EVM).
#Radix is at #CES, perfect time for an informational MEGATHREAD about @radixdlt! Radix is a sharded and #decentralized distributed ledger that is specifically built to serve DeFi. Rather than fixing #scalability by breaking #composability, Radix delivers both without compromises!
Consensus layer: Cerberus.
After seven years of intense R&D and testing, the academic whitepaper of Radix’ Cerberus consensus protocol was published in 2020. Cerberus allows the Radix network to scale linearly with no upper limits!
After seven years of intense R&D and testing, the academic whitepaper of Radix’ Cerberus consensus protocol was published in 2020. Cerberus allows the Radix network to scale linearly with no upper limits!
On top of that, Cerberus also allows for atomic composability across shards! These are two features that are critical for DeFi. It's achieved through the unique 'braided' synchronization of consensus across shards and the ability for all transactions to be processed in parallel.
