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Optimistic rollups. zk rollups. While we wait for the merge, rollups are quite the rage.
So how do rollups work? What's the scalability gain we can get from them? And how do they compare with each other?
This is part 6 of #multichainfuture. Let's get rolling. 🧵 1/n
So how do rollups work? What's the scalability gain we can get from them? And how do they compare with each other?
This is part 6 of #multichainfuture. Let's get rolling. 🧵 1/n
In the previous issue of #multichainfuture, you learnt about sharding.
The key idea was splitting verification of a block across many validators. Why?
There are too many transactions to be verified by all validators.
Rollups take a different approach. 😉 2/n
The key idea was splitting verification of a block across many validators. Why?
There are too many transactions to be verified by all validators.
Rollups take a different approach. 😉 2/n
Instead of trying to process all the data/computations on the @ethereum network, rollups ask- do we even need to do that?
In fact, can we shift some of those computation/data publication to other platforms? 3/n
In fact, can we shift some of those computation/data publication to other platforms? 3/n
High gas fees. Environmental concerns. Network congestion.
These are problems that plague @ethereum. Then there's the merge. But what exactly is it?
Understand the merge, and its impact on performance & price.
This is part 4 of #multichainfuture. Let's dive in. 🧵 1/n
These are problems that plague @ethereum. Then there's the merge. But what exactly is it?
Understand the merge, and its impact on performance & price.
This is part 4 of #multichainfuture. Let's dive in. 🧵 1/n
A/ What the merge is
You've probably heard of terms like 'the merge', 'sharding', 'L2s'. But you may be unclear what upgrades the merge entails.
The merge actually involves only one core technological change- 2/n
You've probably heard of terms like 'the merge', 'sharding', 'L2s'. But you may be unclear what upgrades the merge entails.
The merge actually involves only one core technological change- 2/n
A transition to proof of stake from proof of work. That's it. Nothing to do with 'sharding', 'L2s' etc.
To be clear, this change paves the way for further upgrades. But when the merge drops, the only difference is that @ethereum will use PoS.
Now for those key questions: 3/n
To be clear, this change paves the way for further upgrades. But when the merge drops, the only difference is that @ethereum will use PoS.
Now for those key questions: 3/n
UST failed. Many wondered if that’s the end of algorithmic stablecoins.
@fraxfinance wants to prove them wrong.
Learn how Frax is an innovative alchemy mixer, risk assessment and alphas.
This is part 6 of #stablecoinwar. Let’s dive in. 🧵 1/n
@fraxfinance wants to prove them wrong.
Learn how Frax is an innovative alchemy mixer, risk assessment and alphas.
This is part 6 of #stablecoinwar. Let’s dive in. 🧵 1/n
@fraxfinance A/ How FRAX works
In part 1 of our #stablecoinwar series, the crypto world gave you a quest to create the ultimate stablecoin.
You succeeded in creating 3 types of stablecoins- fiat-backed, crypto-backed and algorithmic. You've also learnt about the 3C framework- 2/n
In part 1 of our #stablecoinwar series, the crypto world gave you a quest to create the ultimate stablecoin.
You succeeded in creating 3 types of stablecoins- fiat-backed, crypto-backed and algorithmic. You've also learnt about the 3C framework- 2/n
@fraxfinance Each type of stablecoin trades off some aspect of collateral, capital efficiency and centralisation.
Now it's 2022, and the crypto world has another quest for you. 3/n
Now it's 2022, and the crypto world has another quest for you. 3/n
