Discover and read the best of Twitter Threads about #Shimmer

Most recents (24)

Why #Shimmer & #IOTA use a DAG structure instead of a blockchain for their L1? Well, one of the main reasons comes down to scalability.
🧵 1/7
#Test2Conquer #shimmer Image
Scalability issues of blockchain can be traced back to the basics of its design - blocks come 1 by 1 and there is a defined block size and block time.
If you know those last 2 values in a blockchain, you can easily calculate the expected TPS. 2/7
So nothing easier than increasing the block size and/or decreasing the block time, right?
Well, no. It is proven that this approach introduces security risks and decreases decentralization, often also impacts reliability (*cough* Solana *cough*). 3/7
Read 7 tweets
@SPYCE_5 Launches as the First #IOTA Foundation Spin-Off Entity.

Experience High Scalability & Energy Efficiency with SPYCE.5's Tangle Architecture.

Let’s dive into the new addition to #IOTA’s evergrowing ecosystem👇🏼🧵

#Shimmer #IOTA $SMR #SPYCE.5 @iota @shimmernet Image
What I will be covering in this thread

-Benefits of SPYCE.5
-Unlocking the Potential of Automation
-Sustainable Web3 as a Service

SPYCE.5 is a new spin-off entity of the IOTA Foundation that offers blockchain and Web3 infrastructure, data, and digital identity as a service for enterprises, builders, creators, and developers.
Read 19 tweets
Shimmer is more than just a staging network for #IOTA.

@shimmernet is a fully-functional network in its own right with great utility.

In this thread🧵, we will discuss the various features & use cases of Shimmer👇🏼

$SMR #ShimmerNetwork @iota #iota @shimmernet Image
What I will be covering in this thread:

-Shimmer Network
-Shimmer Ecosystem
-How Shimmer Works: Feeless and Scalable
-$SMR Token

Shimmer Network

The #Shimmer Network is a staging network for $IOTA and operates as a Tangle-based multi-asset ledger.
This ledger enables users to mint their native tokens and NFTs with the Stardust Tokenisation Framework Protocol Upgrade. This upgrade also allows smart contract chains anchored to $SMR to transact with other chains on the Shimmer network.

Shimmer Ecosystem
Read 11 tweets
⚡️ Incentivized testnet by Deepr

@DeeprFinance is a DeFi platform built on the #Shimmer EVM

💲 Rewards: 1M $DEEPR tokens allocated for #airdrop

A Thread 🧵 Image
So what to do?
- Add a test network to MetaMask manually
Network name: ShimmerEVM Testnet
Chain ID: 1071
Symbol: SMR
Explorer: Image
Read 8 tweets
ShimmerEVM test chain has been launched on the Shimmer Testnet, opening up a new world of possibilities for blockchain developers.

In this thread🧵, I will summarize the key features of the launch.

Let’s dive in👇🏼 Image
What I will be covering in this thread:

-ShimmerEVM expands the reach of Shimmer protocol
-Network security is crucial
-Public testnet phase
-Consensus refactor
-Historical state
-Extended EVM functionality
-Brand new API
Read 21 tweets
1/20 Introducing @shimmernet: The Ultimate Scalable Multi-chain Network ⚡ 🌐 $SMR $IOTA
2/20 Shimmer: Is it L1? Yes and no.

But let's not get hung up on technicalities. Shimmer belongs in this thread series because of its huge potential for growth. I'm sure some of you may disagree, but let's dive in and see what we can uncover. 💪
3/20 #Shimmer is designed as a multi-chain network focused on scalability, flexibility, and interoperability. Its goal is to enable the creation, connection, and security of sovereign blockchains, applications, and ecosystems.
Read 11 tweets
@shimmernet is the distributed ledger solution crypto has been waiting for!

I did some more digging on this #100x potential project for you guys and decided to share my findings.

Lets dive in 🧵↓ $SMR #Shimmer Image
What I’ll be covering today:

1️⃣ A major distributed ledger flaw
2️⃣ #Shimmer’s solution
If you missed my full in-depth thread on $SMR you can check it out here.
Read 12 tweets
Want to stay updated on the latest #IOTA developments?

I got you covered.

Check out these threads I wrote highlighting some important #IOTA updates for 2023👇🏼🧵 Image
An overview of some upcoming #IOTA projects in the pipeline:
learn more about some of #IOTA's key features and elements
Read 7 tweets

Lets take a look at the new Medium article from
@iotapes on @Medium

First of all, what is ApeDAO ?

ApeDao is a community-centered joint-investment DAO with a focus on DeFi opportunities in the #IOTA and #SHIMMER ecosystem.


ApeDAO was seen for the first time on February 13, 2022 on Twitter.

started as a ''one man'' show (@0xAlphaRho ) just to find some core contributers a few weeks later

in names:


2/12 Image
the big rugfest started on April 16th, 2022 and was sold out within 9 minutes 👀

This was a big success and the iotapes. collection got very popular in the #IOTA and @soon_labs Community


Read 13 tweets
DeFi Education Session by @banklessconsult

Part 6: Tokenomics 🫰

🧵 for the #IOTA & #Shimmer community! 👇
What is a token?

A thing serving as a visible or tangible representation of a fact, quality, feeling, etc. ➡️ bundle of property rights

Real-life examples:

🔹 Dollar bill
🔹 Coupon
🔹 Highschool diploma
General attributes of a token:

Token type: fungible or non-fungible

Token unit: fractional, whole or singleton, indicating whether a token can be divided into smaller fractions or if there can be a quantity greater than 1
Read 24 tweets
Exciting developments in the IOTA ecosystem

Here's a breakdown of the latest updates

Let’s take a dive🧵👇🏼
Shimmer Network to Test and Confirm IOTA's Technical Roadmap

To hasten IOTA's technical roadmap, all fundamental protocol upgrades and functionality upgrades will be first made available on Shimmer to test and confirm.
The $SMR token is the native token of the Shimmer network and will be used to settle execution fees on smart contract chains.

Shimmer EVM to Enhance Network Utility for DeFi, NFTs, and More
Read 8 tweets
With #smartcontracts on the scalable and feeless #Shimmer network, we will see the rise of frictionless, decentralized and scalable #web3 economies. 🚀

We gathered our six major use cases for you! 🧵👇
1) Energy management

Shimmer is well suited for energy markets, real-time data management and moving #carboncredit or #renewable energy certificates without transaction costs.
2) Digital Identity

Shimmer is ideal for #NFTs, native tokens and smart contracts to interact with digital identities. Identities can control other identities, which enables flexible modeling.
Read 8 tweets
(1/x) In 2023 @Schpoopel @bandalof17 and I will start sharing a bit more about what we're doing at #touchpoint.

But before we do, let's take a quick look at 2022 and what we learned in year 1 of Touchpoint 🧵

#shimmer #iota
(2/x) First off, Touchpoint 101:

Touchpoint is a network and community of #builders operating at the forefront of #web3. It's a decentralised support system and environment to network and build relationships.
(3/x) Touchpoint 2022 in numbers

With hardly any promotion, we received 200+ applications, onboarded 50 projects, and 15 expert groups and mentors.

We facilitated over 250 new relationships/connections, and hosted 15 knowledge sharing sessions and demos.
Read 14 tweets
I've been asked a lot lately why @Nakama_Labs are focused on building and investing on #Shimmer #IOTA. I figured I'd respond in this tweet 🧵👇

#web3 #DeFi #GameFi #NFT
1/ For starters, there are no layer 1 transaction fees for either minting or moving assets/NFTs. This makes it more accessible and cost-effective for creators and users.
2/ ShimmerEVM uses a random order consensus to confirm transactions, which prevents sandwich/front/back running MEV attacks on Dexes. This ensures a more secure and fair trading environment.
Read 8 tweets
#Iota 2.0 won't be the same project we know from back in the day.

Why? Because there has been lots of improvement within its ecosystem: decentralization, security, and scalability.

The Ultimate Guide to Iota ecosystem 🧵

#Iota #Shimmer
What I'll be covering:

• What is IOTA?
• How it works
• Dex, swaps building in the ecosystem
• Ecosystem updates
Before we dive in..

What is IOTA?

IOTA is the first distributed ledger built for the “Internet of Everything” - a network for exchanging value and data between humans and machines.
Read 14 tweets
Finally, @hus_qy joined the @MoonacoPodcast! 🎉

I summarized the 70 min interview for you.

What is crucial for the success of #IOTA?
When to expect a Coordicide-MVP?

(1/17) 🧵👇
Before joining the IOTA Foundation (IF), Hans ran an online business, which accepted crypto as payments.

In 2017, Bitcoin became popular and its transaction fees rose. So, it did not make sense to accept BTC payments anymore.

Looking for alternatives, Hans discovered IOTA. He talked to CfB. Hans was impressed by the underlying idea of the protocol. So, he became part of the community.

In 2018, Hans joined the IF to fix the existing tech problems.

Read 17 tweets
More or less a year ago the #IOTA Foundation announced two new networks.

#Shimmer a staging network and #Assembly a permissionless Layer2 network building on top of #IOTA.

Let's put together everything we know and speculate about their adoption and price.


Okay so first we need to get a little bit of an overview of everything #IOTA.

We need to separate between networks and technology upgrades. This is necessary to keep a clear picture of everything we will talk about in this Thread

Simplified the #IOTA Foundation is marketing two major updates that are coming to their tech.

1) #Stardust - An update enabling the layer 1 (#DAG) to natively support customs assets (Tokens, NFTs) and be the trust anchor for layer 2 #sc networks.

For more info read 👇

Read 45 tweets
Today is the last day of 2022. Instead of reviewing 2022, I decided to make an announcement about a NEW #Shimmer infrastructure. Perhaps it's not the best timing for announcement, but I cannot wait. Neither should the #IOTA community.
1/ in the last months, the best devs within the TanglePay and Tangle Rally teams have been working on building the #IOTA MPC (Secure Multi-party Computation Platform).
What is an MPC?…
2/ MPC allows several parties to jointly compute a function over their inputs while keeping the inputs private. It ensures security and shared governance. There are several utilities of such technology such as bridging, custody, oracle.
Read 9 tweets
1/5 Curious to know all the statistics on the Shimmer network? Check our new page on the #Shimmer explorer. ✨ Read about some of the metrics that you can now visualize 👇
2/5 ✅ Blocks - Understand the network usage through time. All the transactions, milestones, tagged data per day in the past 7 days, last month or all time. Find also the confirmed and not confirmed transactions payload.
3/5 ✅ Outputs - Check the daily protocol features usage through time by viewing the corresponding number of unspent outputs of certain type. ✅ Output Activity - Daily progress in usage of alias output features.
Read 5 tweets
The #IOTA community has been lately very impatient about the release of the #ShimmerEVM which follows the #Stardust upgrade.

But what is #Stardust? What is #ShimmerEVM? What do they bring to #IOTA / #Shimmer and why are people so excited about it?
A 🧵👇 (1/33)
While trying to put a thread together on the different #IOTA ecosystem networks and their respective usecase, i realized we first need to get a in depth understanding of #Stardust and #ShimmerEVM. So let's not waste time and dive right into this 🐰🕳️

#Stardust ⭐ is - like IOTA 2.0 - a technology upgrade coming to the #IOTA baselayer. It is here to enable mainly one thing, it shall
finally empower the community and everyone else, to use the network and build on it.

Read 33 tweets
With the #Shimmer token on sale at the moment, did you load up your bags already? 💰

In case you are wondering what role the $SMR token might play...

Read on to learn more. FOMO guaranteed! 🧵👀
The Shimmer token powers #smartcontracts built on top of the Shimmer network.

Using #IOTA Smart Contracts, developers can build #dApps by using Solidity, Rust or Go. This allows for endless possibilities!
#DeFi unchained, powered by a feeless base protocol and fully composable and interoperable smart contract dApps.

With the new possibilities it provides to developers, the Shimmer network is the place for new dApps that aren't possible anywhere else.
Read 5 tweets
The first governance poll run off for IOTA is in action!

Opposing views, even against the majority should not be silenced or censored. As long as they are legitimate and submit positive proposals, they should have their time to shine.

Here is a 🧵👇...

@DomSchiener Growth committee proposal has been submitted to the Governance Discourse. Adamski proposed a counter proposal of his own. He did this within, and per the Governance Framework structure developed by the community. The community voted, and now we go to a run off.
Here is my personal opinion of why I am voting for Dom's proposal.

Indeed 50% community funds, combined with TEA, seems like a lot to spend in a single first year for a network. However, we must trust our leaders vision. Saying that, I live by the statement, "TRUST BUT VERIFY!"
Read 15 tweets
Soonaverse is a project often spoken about in the #Iota community.

I have uncovered alot of information about the soonaverse and how it's built

Here's everything you need to know about @soon_labs in this thread 🧵.

#IOTA #Shimmer #SOON $SOON Image
Here is the scope to the mother of all $SOON threads:

1️⃣ Introduction (What is the soonaverse?)
2️⃣ NFT's on the Soonaverse
3️⃣ Tokenomics
4️⃣ Staking
5️⃣ Conclusion and Recommendations.

Let's kick start with what the soonaverse is all about ↓.
1️⃣ Soonaverse is an ambitious project that is part of the $IOTA Ecosystem.

It exists to power the growth of Decentralized Autonymous Organisations (DAOs), both within IOTA and beyond.
Read 24 tweets
🧵--- $SMR ---🧵
🧵 @shimmernet 🧵

🧵Thread about $SMR and why I think it`s a good project!


#Shimmer #IOTA $MIOTA #Crypto #100x
What is @shimmernet
Shimmer Network is a blockchain innovation focusing on pushing #IOTA ecosystem to another level!

Lets go! Image
#IOTA ecosystem is big and knows in the crypto space, but we are not here to talk about it!

@shimmernet has a cool feeless DAG ledger to secure and create fully customizable smart contract chains.
Read 17 tweets

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