Discover and read the best of Twitter Threads about #appchain
Most recents (2)
1/ Two crypto chads - Jack (J) of @cosmos and Kyle (K) of @multicoincap - recently butted heads on Web3's direction of travel via @Cryptocito’s (CC) YT.
Are Cosmos appchains sound? Or will the space aggregate towards 2-3 layer-1s?
Let’s see what they said.
Are Cosmos appchains sound? Or will the space aggregate towards 2-3 layer-1s?
Let’s see what they said.
2/ CC asks about the #appchain thesis:
K says appchain thesis is 98% flawed. The only variable that matters is growth, and L1s haven’t finished growing.
J says that appchains will enable #composability that made DeFi so good in the first place, future-proofing the industry.
K says appchain thesis is 98% flawed. The only variable that matters is growth, and L1s haven’t finished growing.
J says that appchains will enable #composability that made DeFi so good in the first place, future-proofing the industry.
3/ CC asks about #scalability (P1):
K believes 2-3 L1s will dominate 90% of the market. Appchains increase complexity and friction, while L1 efficiency is far from its final form. Scalability is not as big a challenge as people think.
K believes 2-3 L1s will dominate 90% of the market. Appchains increase complexity and friction, while L1 efficiency is far from its final form. Scalability is not as big a challenge as people think.
1/ Why is Octopus Network An Innovation?
By now everyone should know about #polkadot interoperability protocol and its canary chain #kusama. You may have also heard about the #parachain auction, the first of which was won by @KaruraNetwork
By now everyone should know about #polkadot interoperability protocol and its canary chain #kusama. You may have also heard about the #parachain auction, the first of which was won by @KaruraNetwork
2/ @KaruraNetwork beat out @MoonriverNW and @ShidenNetwork and other networks such as @DarwiniaNetwork @PhalaNetwork @BIFROSTio @EquilibriumDeFi @CrustNetwork @DarwiniaNetwork with 500k $ksm. Which is worth usd250 mil if we take the value of Usd500 per $ksm near the peak.
3/ usd250 mil is a large sum of money and at the time of writing this is usd85mil since $ksm which is still significant and unaffordable for most projects. For the next crowdloan, @MoonriverNW is leading with 180k $ksm and @ShidenNetwork follows with 96k $ksm which is usd16 mil
