Discover and read the best of Twitter Threads about #proofofstake

Most recents (19)

- Un système de stockage moléculaire de l'énergie solaire permettant une restitution sous forme d'électricité ... beau potentiel
- #PaLM le nouveau modèle d' #IA de #Google : expliquer des blagues, corriger du code informatique… rien ne lui résiste. Derrière ces perf. : 540 Mds de paramètres et 9M$ pour l'entrainement…
Read 7 tweets
0/I started this 3 years ago, in response to seeing how fast stake centralized on the Cosmos Hub after mainnet launch.

Since then a similar trend has emerged dominant on most, if not all #ProofOfStake networks.
1/The effort lost momentum, because as a solo (at the time), bootstrapped and self-funded (still) validator operator, resources to dedicate to this while keeping the server lights on were non-existent💡
2/I feel grateful to @ThrobacLabs for helping breathe new life into the effort 💨 and to @thepassivetrust @amamu_io @StakeValley & @alchemyDC for caring enough to kick this off with us 🙏
Read 4 tweets
Participating in #TheMerge could be the single largest environmental impact I can make in my lifetime. We need to get #Ethereum off #ProofOfWork and onto #ProofOfStake as soon as we can!
Here is some of what I have been doing 👇
Genesis Validator 💪
I had no idea what I was doing but wanted to be a part of something big. I now see the holders of this poap as some of the bravest visionaries in the Ethereum community.
Early Testing 🤓
I felt like I was late to the game when I first got in. Little did I know how early it was.
Read 9 tweets
In the most significant #blockchain upgrade in history, the #Ethereum network is moving from a #proofofwork (#PoW) to a #proofofstake (#PoS) consensus mechanism to confirm transaction blocks, known as “The Merge”

Read more and debunk myths: bit.ly/3uQ4RZg
1/ The two major upgrades, PoS #consensus and #sharding, promise to deliver fast transaction times with low network costs without sacrificing scalability, security, or decentralization. #TheMerge is Phase 0 of the rollout of the Ethereum 2.0 improvements this year. Image
2/ ‘The Merge’ will replace PoW and the temporary split solution with the more energy-efficient PoS consensus layer, the Beacon Chain. Transaction blocks will no longer be confirmed by solving computationally intensive puzzles. Image
Read 7 tweets
**NEWS** We’ve been researching, studying, and investing to determine where the future of payments infrastructure will be best served on the blockchain. Because wherever that is... @Payometry wants to be. 1/10
@Payometry After considering the three chains we found most likely to assume some form of payments infrastructure, one project stood head and shoulders above the rest. 2/10
@Payometry We are very proud to announce that we will be joining Constellation Network's second incubator cohort, the "V2 flight program." @Conste11ation #FlightV2
Read 10 tweets
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
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.
Read 24 tweets
🧵 THREAD N°17 : #blockchain et #environnement

La blockchain est régulièrement pointée du doigt pour son impact environnemental, certains allant jusqu'à dire qu'il faut bannir les cryptos.

Mais qu'en est-il vraiment ? Peut-on trouver d'autres solutions ? Une intro au débat 👇 Image
1/ Il faut d'abord comprendre ce qui pollue dans l'utilisation des #cryptos.

Comme vous le savez, au sein d'une #blockchain, les blocs doivent être validés. Pour cela, des mineurs doivent résoudre un problème cryptographique qui permet de s'assurer de l'inviolabilité des données
2/ La plupart du temps, le problème à résoudre est un problème de #ProofOfWork avec lequel les mineurs doivent essayer des millions de combinaisons en quelques minutes jusqu'à trouver la bonne (pour faire simple).

Le premier à résoudre le problème reçoit une récompense.
Read 25 tweets
🧵 THREAD N°11 : Pourquoi vous n'aurez bientôt (presque) plus besoin de payer de gas fees

Dépenser 100$ pour mint un NFT vous dégoûte ? Heureusement, @VitalikButerin et toute l'équipe de $ETH travaillent sur une mise à jour pour diminuer drastiquement ces frais.

Comment ? 👇
1/ Pour comprendre ce qui va changer, vous devez d'abord savoir comment fonctionne la #blockchain, je vous redirige vers ce thread si vous voulez reprendre les bases :
2/ Pour effectuer des transactions sur la blockchain, il faut les inscrire dans un bloc qui doit ensuite être validé par le réseau.

Ce rôle est rempli par les mineurs, qui doivent résoudre un problème cryptographique pour inscrire les transactions et les valider.
Read 18 tweets
🧵THREAD N°10 : l’enfer des gas fees

50$ : c’est le montant que vous devez payer en moyenne pour effectuer une transaction sur la blockchain $ETH.

Pourquoi devoir payer aussi cher ces #gasfees, et pourquoi ces frais devraient à terme quasiment disparaître ? 👇 Image
1/ Les gas fees sont les frais de transaction de la blockchain $ETH.

Chaque fois que vous voulez inscrire quelque chose sur la blockchain (échanger des ETH, exécuter un #smartcontract, acheter un #NFT) vous devez payer ces frais.
2/ Ces frais existent par construction de la blockchain : il faut rémunérer les mineurs, qui inscrivent votre transaction dans la blockchain et confirment leur validité.
Read 11 tweets
30 threads pour apprendre le Web3, les cryptos, les NFTs, la DeFi :
Read 24 tweets
🌈 Did you know

1/ @harmonyprotocol is the only #Ethereum compatible Layer 1 #blockchain with shards?

Affordable at a fraction of a penny to run, the 2-sec block time + 2 block confirmation achieves beyond 24K tps

This is more than @Visa @Mastercard @AmericanExpress combined!
2/ Recent enhancements from 8-second block time at launch 2 years ago, down to 2-seconds a year later

medium.com/harmony-one/2-…
3/ 🔥 Join this heated debate on Reddit

reddit.com/r/CryptoCurren…
Read 5 tweets
Friendly reminder that #blockchain and #cryptocurrency entail *higher total cost of transaction validation* than centralized systems. Decentralization has costs.
1)bis.org/publ/work765.p…
2)nber.org/papers/w24717
3)nber.org/system/files/w…
4)papers.ssrn.com/sol3/papers.cf…
Second-layer solutions (eg LN) reduce transaction validation costs but at the expense of technical resilience (certain nodes need to remain online), locked-up capital, and decentralization. Certain trade-offs are unavoidable. See p. 20 of @RaphAuer bis.org/publ/work765.p…
Permissioned blockchains similarly greatly improve scalability and transaction costs, but at the expense of requiring greater trust and technical resilience among a much smaller set of nodes (again, the solution becomes higher centralization).
Read 6 tweets
1/ Up next in #cryptothoughts, in which I take a closer look at some of the projects in the crypto/blockchain space that have me beyond #bullish, is @tezos, which recently recorded 600,000 transactions in a single day, representing over 50% of #Ethereum's daily trade volume.
2/ There's so much to love about #Tezos, which has really emerged as one of the fastest-growing, top-tier ecosystems for all things #DeFi, #NFTs, #Gaming, & more. Tezos scored a gigantic coup last month when pop sensation @DojaCat dropped the bombshell that she'd be releasing a
3/ set of eco-friendly #NFTs on the #Tezos blockchain, causing the price of Tezos' native token, $XTZ, to skyrocket in value. Attracting a big-name star like #DojaCat to the ecosystem should only help Tezos lure in even more talent down the line, especially as celebrities &
Read 6 tweets
Who, what and why Cardano?

A community-inspired, educational super-thread for those wanting to learn more. 🦉

(1/18)

#Cardano #Blockchain #BlockchainNews #Cryptocurrency #CryptoNews
The Cardano Trinity: @CardanoStiftung - Oversees and supervises the development of the ecosystem; drives adoption, shapes governance, sets commercial standards & supports the community of Cardano users.

#Cardano #Blockchain

cardano.org/partners/?tab=…
The Trinity (cont.) @InputOutputHK - Tech & Engineering; designing and maintaining the Cardano platform.

Committed to innovation through peer-to-peer scientific review and the highest standards of assurance in software development.

#Cardano #Blockchain

cardano.org/partners/?tab=…
Read 19 tweets
Seguro notaste que este finde volvieron a la escena algunos de los proyectos más icónicos de #DeFi en Ethereum, #AAVE y #CURVE. Qué pasó? Bajó el gas? Explotó la #BSC?

No, se trata de @0xPolygon (antes $MATIC). En 2 palabras: #Ethereum barato.

Bueno, es un poco más complejo...
#DeFi propone una revolución financiera. Pero... es posible a 100 USD la transacción?

Muchos inversores y proyectos se pasaron de #ETH a la #BSC, que ofrece transacciones más baratas y rápidas, sacrificando descentralización para tener mayor escalabilidad.
Y que tiene que ver @0xPolygon? Mucho..

#Polygon (el nombre original del proyecto era $Matic) es una solución de layer 2 que ofrece transacciones a costos insignificantes sin poner en juego la descentralización. Image
Read 11 tweets
@GoingParabolic #Verus is a truly free, #decentralized protocol and rent-free #blockchain framework that provides chain #interoperability that can scale to the world. It’s not just a protocol, but an ecosystem of interconnected blockchains.

@GoingParabolic Once on mainnet, the Verus #DeFi system will be a fractal, market-driven, & completely liquid worldwide network of independently valued currencies and protocol-based currency baskets that allows anyone holding Verus to perform cross-chain transactions, launch a fractional reserve
@GoingParabolic Token and merge #mine and #stake on up to 22 #blockchains at once.
Read 13 tweets
ELI5 PoS advantages:

The #beaconchain is close to launch. So what that means? What is #Ethereum #proofofstake (#PoS)?

Here’s a thread to explain what are the differences to PoW and why it is so meaningful. (1/15) Image
2/15 In Proof of Work (PoW) blockchains, miners have two different computational work to be done.

One, is to check if everyone’s balances and transactions check it out, so nobody is spending coins that they don’t have. This require very low computational power.
3/15 The other one is trying to solve a puzzle to be entitle to a reward. The first miner to solve the puzzle is able to create some coins from thin air to himself: the block reward.

In PoW, miners invest their money in hash power to be able to solve puzzle more frequently.
Read 15 tweets
The #Ethereum #proofofstake #phase0 #beaconchain is getting close to launch!

So what?

Here's a thread to explain why millions of dollars of #ETH are being moved into this state of the art gadget, what makes it different from other #PoS systems, and why it was worth the wait!
First things first: even though the #beaconchain is being referred to as an #eth2 or "Ethereum 2.0" technology, it does not exist to replace the current Ethereum Virtual Machine we know and love as "Ethereum 1.0" today. If you're using the EVM, you're fine. It's not going away.
Instead, the beacon chain is a gadget that was planned even from before the launch of "Ethereum 1.0" to be swapped in for the #proofofwork system, called "Ethash", which currently secures that same EVM environment.
blog.ethereum.org/2014/10/03/sla…
Read 31 tweets
What are the major #cryptocurrencies up to these days? DXone peeks under the hood to help #cryptoinvestors make #informed_decisions.

You could also sign up at dxone.com to have all of this information and more at your tips when trading on the #crypto-#superhighway
#Cardano

@IOHK_Charles recently announced the launch of their #Shelley mainnet moving ahead from their #Byron era. Considered the most scientific of all #DLTs, Cardano took a little around 18 months to reach this far.
#Stellar

#IoT solution @NodleTeam recently made the switch from @StellarOrg to @ParityTech's #substrate.

But, in a big win in 2020, @Bitbond received #BaFin nod to launch #tokenized_securities on the #Stellar protocol.
Read 6 tweets

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