Discover and read the best of Twitter Threads about #ethreum
Most recents (4)
Governance is a crucial component of #Decentralization
This is something that #Bitcoin & #Ethreum conveniently ignore
But, #Cardano is built based on 1st principles & governance is a key focus of development
Here is a thread on Governance, Voltair era & Project Catalyst🧵👇
This is something that #Bitcoin & #Ethreum conveniently ignore
But, #Cardano is built based on 1st principles & governance is a key focus of development
Here is a thread on Governance, Voltair era & Project Catalyst🧵👇
Like the way, democracy unshackled regular citizens to grab power from the feudal lords
#Bitcoin was the 1st movement
Enabling regular citizens to grab power from the flawed financial institutions
To create a fair, transparent & inclusive financial system
To bank the unbanked
#Bitcoin was the 1st movement
Enabling regular citizens to grab power from the flawed financial institutions
To create a fair, transparent & inclusive financial system
To bank the unbanked
#Ethereum's account-based model & smart contract based on Solidity is a marriage made in hell
Vasil-HFC Event is on the horizon
& its time to unleash synergies of #Cardano's EUTxO model & Plutus
Here's a thread on why EUTxO model & functional programming is what DeFi needs🧵👇
Vasil-HFC Event is on the horizon
& its time to unleash synergies of #Cardano's EUTxO model & Plutus
Here's a thread on why EUTxO model & functional programming is what DeFi needs🧵👇
The ultimate goal of #Blockchain
Is to replace the corrupt & centralized traditional financial system
To create an inclusive global financial system to bank the unbanked
But are we going to do it with a system that is more problematic than what we have now?
Is to replace the corrupt & centralized traditional financial system
To create an inclusive global financial system to bank the unbanked
But are we going to do it with a system that is more problematic than what we have now?
#Crypto in general & DeFi has seen massive growth in the last decade
DeFi-exploits have also seen proportional or even bigger growth
This makes us realize the fundamental requirement of the system we want to be a part of
A blockchain architecture that offers safety & security
DeFi-exploits have also seen proportional or even bigger growth
This makes us realize the fundamental requirement of the system we want to be a part of
A blockchain architecture that offers safety & security
''Determinism'' is a core feature of #Cardano's E-UTxO ledger model
This is one of those features that differentiate and brings an edge over the indeterministic nature of #Ethereum's Account based ledger model
So let's dive in and explore the concept of ''Determinism'':🧵👇
This is one of those features that differentiate and brings an edge over the indeterministic nature of #Ethereum's Account based ledger model
So let's dive in and explore the concept of ''Determinism'':🧵👇
So what is Determinism?
in the context of transaction and script processing
Determinism is the ability that enables a user to predict the impact and outcome of a transaction locally (off-chain)
before the actual on-chain execution of the transaction
in the context of transaction and script processing
Determinism is the ability that enables a user to predict the impact and outcome of a transaction locally (off-chain)
before the actual on-chain execution of the transaction
This is a core feature of E-UTXO-based blockchains, like Cardano
So why are E-UTxO-based blockchains deterministic?
What is the feature that allows for the off-chain predictability of the outcome of the transactions?
So why are E-UTxO-based blockchains deterministic?
What is the feature that allows for the off-chain predictability of the outcome of the transactions?
Ethereum's Account-based ledger model is dominating the DeFi space for now!!
but DeFi on #Cardano is on the rise.
Here are the reasons why E-UTxO ledger archictecture of #Cardano is superior to the Account-based model of #Ethereum
🧵👇
but DeFi on #Cardano is on the rise.
Here are the reasons why E-UTxO ledger archictecture of #Cardano is superior to the Account-based model of #Ethereum
🧵👇
So what are the different ledger models?
1. #Bitcoin 's UTxO (Unspent Transaction Output) - ledger model
Satoshi invented #Bitcoin to be the permissionless decentralized internet money
Bitcoin introduced the UTxO ledger model to fulfill that purpose in the most elegant way
1. #Bitcoin 's UTxO (Unspent Transaction Output) - ledger model
Satoshi invented #Bitcoin to be the permissionless decentralized internet money
Bitcoin introduced the UTxO ledger model to fulfill that purpose in the most elegant way
In the UTXO ledger model
individual transactions consist of a list of ''inputs'' and ''outputs''
and
the sum of the values consumed by a transaction’s inputs must equal the sum of the values provided by its outputs
individual transactions consist of a list of ''inputs'' and ''outputs''
and
the sum of the values consumed by a transaction’s inputs must equal the sum of the values provided by its outputs
