Discover and read the best of Twitter Threads about #Sidechains
Most recents (13)
[1/🧵] I believe @bob_way has already gone way overboard with #ILP and all the complexities of explaining all that needs to be expressed. ❤️
Still, let me make a few remarks on the following topics 👇
• Infrastructure layers of #ILP
• #XRPL Payment Channels
• "Ledger Graphs"
Still, let me make a few remarks on the following topics 👇
• Infrastructure layers of #ILP
• #XRPL Payment Channels
• "Ledger Graphs"
[2/17] — Infrastructure Layers of #Interledger —
When it comes to the most recent version of the open #ILPv4 suite in universal mode (high volume, low value payments), the layering is as follows:
1⃣ Application
2⃣ Transport
3⃣ Interledger (Core Layer)
4⃣ Link
5⃣ Ledger
When it comes to the most recent version of the open #ILPv4 suite in universal mode (high volume, low value payments), the layering is as follows:
1⃣ Application
2⃣ Transport
3⃣ Interledger (Core Layer)
4⃣ Link
5⃣ Ledger
[3/17] — 1⃣ Application Layer —
This is the suite's first layer, and it contains the following protocol:
➡️ #SPSP (Simple Payment Setup Protocol)
📝 This is for #identifiers, which are comparable to email addresses and are used to make addresses readable.
This is the suite's first layer, and it contains the following protocol:
➡️ #SPSP (Simple Payment Setup Protocol)
📝 This is for #identifiers, which are comparable to email addresses and are used to make addresses readable.
🔥 The newest hype in the #crypto space: #ordinal #NFTs
#Minted directly on the #Bitcoin #blockchain! 🎨
💰 Learn how this multi-billion dollar #token is offering greater security, transparency, and use cases🧵👇
Also, it's best to sub to our TG
t.me/matrixportupda…
#Minted directly on the #Bitcoin #blockchain! 🎨
💰 Learn how this multi-billion dollar #token is offering greater security, transparency, and use cases🧵👇
Also, it's best to sub to our TG
t.me/matrixportupda…
1/10 🚀 #OrdinalNFTs are the latest hype in the #crypto space! Unlike classic #NFTs which rely on #token standards like #ERC721, ordinal NFTs are #minted directly on the #Bitcoin #blockchain. This offers greater permanence and immutability on the distributed #ledger.
2/10 🎨 With #ordinalNFTs, users can inscribe digital art, profile pictures, videos, audios, and images directly onto #satoshis (the smallest unit of #Bitcoin). This means no need for additional #sidechains, L2 solutions, or #tokens! #cryptoart
Layer 2 scaling solutions are a way to increase the scalability and throughput of blockchain networks like Ethereum, by processing transactions off-chain.
🧵👇
#layer2 #scaling #blockchain #OptimisticRollup #ZK-Rollups #Sidechains #Validium
🧵👇
#layer2 #scaling #blockchain #OptimisticRollup #ZK-Rollups #Sidechains #Validium
1/ One popular Layer 2 scaling solution is #OptimisticRollup, which allows for multiple transactions to be bundled and processed together off-chain and then only the final result is posted to the main chain.
• @arbitrum
• @optimismFND
• @bobanetwork
• @MetisDAO
• @arbitrum
• @optimismFND
• @bobanetwork
• @MetisDAO
@arbitrum @optimismFND @bobanetwork @MetisDAO 2/ Another solution is ZK-Rollups, which uses zero-knowledge proof to bundle multiple transactions together while maintaining the privacy of the transaction data.
• @zksync
• #StarkNet @StarkWareLtd
• @loopringorg
• @Scroll_ZKP
• @taikoxyz
• @zksync
• #StarkNet @StarkWareLtd
• @loopringorg
• @Scroll_ZKP
• @taikoxyz
[1/🧵] I've been reading a lot about #XRPL #scalability recently.
Let me quickly go through how #XRPL performs and #scales on these metrics:
▶️ Scale up "vertically"
▶️ Scale out "horizontally"
▶️ High volume & High value TX
▶️ High value & Low speed
Let me quickly go through how #XRPL performs and #scales on these metrics:
▶️ Scale up "vertically"
▶️ Scale out "horizontally"
▶️ High volume & High value TX
▶️ High value & Low speed
[2/17] 👉 Asynchronous TX speed—Scale up "vertically"
In contrast to #DAG-based systems, which operate in "chaotic order" and execute transactions in parallel, the #XRPL validates transactions in canonical transaction order—one Ledger at a time.
🔗 bitcoin.stackexchange.com/questions/7857…
. . .
In contrast to #DAG-based systems, which operate in "chaotic order" and execute transactions in parallel, the #XRPL validates transactions in canonical transaction order—one Ledger at a time.
🔗 bitcoin.stackexchange.com/questions/7857…
. . .
[3/17] . . .
❓ The approach for #DLT/#Blockchain-based systems such as #XRPL:
☑️ "Payment Channels"
🧐 It's a sophisticated feature for transmitting "asynchronous" #XRP #payments that may be broken into extremely small amounts and paid in total order afterwards.
. . .
❓ The approach for #DLT/#Blockchain-based systems such as #XRPL:
☑️ "Payment Channels"
🧐 It's a sophisticated feature for transmitting "asynchronous" #XRP #payments that may be broken into extremely small amounts and paid in total order afterwards.
. . .
The Path to Bitcoin Finance: Bitcoin-Backed Credit🧵⬇️
The Bitcoin Finance will allow many functions to the Bitcoin and Lightning Network.
#bitcoin #LightningNetwork #taproot #taro #rgb #privacy #sidechains #bitcoincredit #bitcoinfinance
The Bitcoin Finance will allow many functions to the Bitcoin and Lightning Network.
#bitcoin #LightningNetwork #taproot #taro #rgb #privacy #sidechains #bitcoincredit #bitcoinfinance
Remember Hal Finney in 2010
Hal Finney had a vision about bitcoin-backed banks could "issue their own digital cash currency, redeemable for bitcoins."The idea was based George Selgin’s Free Banking research.
Hal Finney had a vision about bitcoin-backed banks could "issue their own digital cash currency, redeemable for bitcoins."The idea was based George Selgin’s Free Banking research.
Legacy System
Different thought the legacy system isn't:
-Competitive;
-Transparent;
-Hard Regulation;
Different thought the legacy system isn't:
-Competitive;
-Transparent;
-Hard Regulation;
1/🧵 Ein kurzer Einblick in @gemwallet_app, die #opensource, "non-custodial" #XRPL Web-#Wallet für das #Web3.0 und "#Ripple XRPL Grants Wave 3" Gewinner
2/ Ähnlich wie bei MetaMask ist #GemWallet eine "Browser-Extension"-App für den einfachen Umgang im #Web3, jedoch nativ auf dem #XRPL.
Funktionen sind z.B.:
• GemWallet #API (Brücke zwischen Websites und der Browser-Extension)
• Bezahlungen
• #Private/#Pubkey-Generierungen
Funktionen sind z.B.:
• GemWallet #API (Brücke zwischen Websites und der Browser-Extension)
• Bezahlungen
• #Private/#Pubkey-Generierungen
3/ 🛠️ Möchte man also per #API (NPM/Node.js oder CDN/Browser) eine Brücke zwischen dem #XRPL und seiner eigenen #Web3-#dApp herstellen, bietet #GemWallet die dafür notwendigen Tools und Werkzeuge.
github.com/GemWallet/gemw…
github.com/GemWallet/gemw…
Les sidechains sont des chaînes indépendantes qui fonctionnent à côté d'une "blockchain mère", également appelée mainnet. Elles ont une mission principale : résoudre le "trilemme" de l'évolutivité qui empêche actuellement la blockchain de devenir une technologie courante.
Aux côtés d'autres solutions d'évolutivité de Layer 2 comme les rollups et Plasma, les sidechains tentent d'améliorer l'efficacité et la rapidité des transactions et de renforcer la sécurité du mainnet. Bien qu'elles soient souvent associés à d'autres solutions de Layer 2,
#Zendoo IT
What is #TokenMint
Where to get $ZEN #ZEN
Why @horizenglobal @HorizenClips @HorizenLabs @HorizenKR @HorizenFR @HorizenNordics
What is #TokenMint
Where to get $ZEN #ZEN
Why @horizenglobal @HorizenClips @HorizenLabs @HorizenKR @HorizenFR @HorizenNordics
What is #Tokenmint ?
Where to get #ZEN $ZEN
#Youtube #Zendoo #sidechains
timestamped here without intro: @horizenglobal $ZEN 🎬📽️🎞️🫡
Where to get #ZEN $ZEN
#Youtube #Zendoo #sidechains
timestamped here without intro: @horizenglobal $ZEN 🎬📽️🎞️🫡
What is $ZEN @horizenglobal @HorizenClips #ZEN #ZendooShorts #HODL attention👀
The only real $ZEN in #cryptocurrency
The mainnet currency and native asset of the #Horizen #blockchain
There is no token contracts for native main chain $ZEN
#Zendoo IT
The only real $ZEN in #cryptocurrency
The mainnet currency and native asset of the #Horizen #blockchain
There is no token contracts for native main chain $ZEN
#Zendoo IT
#Layer2 Scaling is a concept that is used in the #Ethereum communities with some believing it represents $ETH future.
What does this truly imply? 🤌🏼
How does it operate and why do we need it? 🧐
Today we will deep dive into non-custodial solutions ⬇️
What does this truly imply? 🤌🏼
How does it operate and why do we need it? 🧐
Today we will deep dive into non-custodial solutions ⬇️
1/ Over the past years, #Ethereum popularity has resulted in a massive rise in transactions and, therefore, #network traffic.
With several users competing for faster #transaction processing, a bidding war occurs, resulting in very expensive gas fees for each user.
With several users competing for faster #transaction processing, a bidding war occurs, resulting in very expensive gas fees for each user.
Once new scaling solutions arise in the #blockchain space, it is always necessary to consider:
- how much they inherit #Layer1 #security and network characteristics
- if they impose stricter user requirements compared to the underlying #Layer1
- how much they inherit #Layer1 #security and network characteristics
- if they impose stricter user requirements compared to the underlying #Layer1
1/ Previously, I covered #L222 zk-rollup projects Starkware and zkSync but looking back, I should have begun with sidechains.
The who, what, why/why NOT, security guarantees, etc.
So, here's a 🧵 discussing sidechains generally and then a bit on #Polygon
The who, what, why/why NOT, security guarantees, etc.
So, here's a 🧵 discussing sidechains generally and then a bit on #Polygon
2/ In the context of #Ethereum, sidechains are separate, Ethereum-compatible blockchains. Sidechains can be independent #EVM -compatible blockchains as well as application-specific blockchains catering to #ETH users and use cases like @0xPolygon or @Ronin_Network .
3/ Sidechains design themselves to be EVM-compatible so they can essentially copy and paste their code to easily interoperate with Ethereum and all of its infrastructure including wallets, block explorers, and more.
1/ CT giving waaay too much shine to these @bitfinex idiots.
Sure, reality TV is fun (I guess) but instead, I’ll try to send the spotlight to a more deserving group: @zksync @the_matter_labs @gluk64
Thread time 🧵...
Sure, reality TV is fun (I guess) but instead, I’ll try to send the spotlight to a more deserving group: @zksync @the_matter_labs @gluk64
Thread time 🧵...
2/ To begin, some high-level Pros and Cons of zkSync’s approach to zk-rollups (ZKs)
Pros
- Less data contained in each transaction increases throughput and decreases fees (vs L1)
- No withdrawal periods and faster finality
- Inherent (and cheap) privacy (improvements)**
Pros
- Less data contained in each transaction increases throughput and decreases fees (vs L1)
- No withdrawal periods and faster finality
- Inherent (and cheap) privacy (improvements)**
3/ Cons
- Generalized smart contract support (similar to @StarkWareLabs #StarkNet ) is not live or production-ready
- Initial trusted setup ceremony scares some, introduces trust
- New, less battle-tested cryptography **
@0xangelfish
- Generalized smart contract support (similar to @StarkWareLabs #StarkNet ) is not live or production-ready
- Initial trusted setup ceremony scares some, introduces trust
- New, less battle-tested cryptography **
@0xangelfish
🧵 THREAD N°12 : comment accélérer la blockchain ?
@ethereum traite 15 transactions/seconde, alors que @Visa en traite plus de 1500, soit 100 fois plus.
Comment la blockchain peut-elle résoudre ce problème afin d'être adpotée par le plus grand nombre ? 👇
@ethereum traite 15 transactions/seconde, alors que @Visa en traite plus de 1500, soit 100 fois plus.
Comment la blockchain peut-elle résoudre ce problème afin d'être adpotée par le plus grand nombre ? 👇
1/ Vous êtes peut-être déjà tombé sur les termes de layer 2, rollup, sharding... sans jamais comprendre de quoi il s'agissait.
Tous ces termes sont des solution que les développeurs ont mis au point face à un problème de la blockchain : celui de la rapidité des échanges.
Tous ces termes sont des solution que les développeurs ont mis au point face à un problème de la blockchain : celui de la rapidité des échanges.
2/ Avec la démocratisation de l'ETH, le nombre de transactions a explosé et le réseau est congestionné en permanence.
La blockchain a un problème d'échelle : elle n'est pas (encore) adaptée à une utilisation de masse. Des solutions ont donc dû être trouvées.
La blockchain a un problème d'échelle : elle n'est pas (encore) adaptée à une utilisation de masse. Des solutions ont donc dû être trouvées.
MEGATHREAD: Building on Liquid
Liquid is a #Bitcoin sidechain built for traders & exchanges & includes new tech not available on Bitcoin.
Learn about the new tools, libraries, webinars, tutorials, projects, & tech being built for the #LiquidNetwork. 🌊 liquid.net
Liquid is a #Bitcoin sidechain built for traders & exchanges & includes new tech not available on Bitcoin.
Learn about the new tools, libraries, webinars, tutorials, projects, & tech being built for the #LiquidNetwork. 🌊 liquid.net
Nigiri is a one-click personal #Bitcoin network and #LiquidNetwork. It provides a command line interface that manages a selection of docker containers to have a ready-to-use Bitcoin and Liquid regtest environment so you can write code and test quickly. nigiri.vulpem.com
Liquid.Coach is a browser-based tool for Liquid devs & power users for doing operations like checking the balance of an address, creating & importing a PSET (Partial Signed Elements Transaction) or even sign it, all from the browser! medium.com/@vulpem/announ…
