Discover and read the best of Twitter Threads about #proofofwork

Most recents (13)

Der digitale Euro kommt. Nahezu alle Zentralbanken der Welt arbeiten derzeit an Central Bank Digital Currencies (CBDCs). Aber was bedeutet das genau? Ein Thread zum #digitaleuro und #bitcoin 🧵👇
2/ Zunächst: Ein digitaler Euro ist nicht das, was wir sehen, wenn wir unser Online-Konto öffnen. Ein digitaler Euro ist programmierbares Zentralbankgeld, das in den kommenden Jahren weltweit kommen wird.
3/ CBDCs sind auch eine Antwort auf Bitcoin. #Bitcoin basiert auf einer dezentralen Blockchain und Pseudoanonymität. Damit das System dezentral und somit unbeeinflussbar bleibt, braucht Bitcoin Energie. Das ist das #ProofofWork-Mechanismus. 
Read 11 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
0/17

An Open letter to Greenpeace about #BTC and #proofofwork

Dear @greenpeace ...
1/17
Together we've fought the logging of our native forests, stood together to protest the oil exploration of our deep sea, collaborated in activism to persuade an errant multinational to change. I've supported your work morally, spiritually & financially across 4 decades
2/17 Today to quote a certain movie character you are breaking my heart and going down a path I cannot follow.

Saying “bitcoin is OK, we just want you to stop using proof of work” is like telling an opera singer, “Singing is fine, I just want you to stop opening your mouth.”
Read 18 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
#ProofOfWork for @SeedSigner Week 4:

v0.5.0 PSBT flow getting so close to a complete first draft!

Nothing is final, but we've figured out solutions for so many of the challenging UI and complex tech problems in this area.

Not final. Not perfect. But getting REALLY F'N GOOD!
But first a side note: A ton of work went into this @SpecterWallet release.

You'll see me continue to contribute to Specter where I can. I am full-time SeedSigner, but guess how I spend my evenings and weekends? More coding!

I have no life, y'all.

Back to @SeedSigner: As the project keeps growing we have to keep stepping up our documentation and tutorial game.

My English teacher background makes these tasks actually strangely enjoyable.

Read 13 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
The Regenerative Agriculture Resources: Books Thread Image
I was on @MemeFactoryTM talking about #RegenerativeAgriculture, soil and a host of other things. I was asked what books people should read and I wasn't able to list the great works of authors like @gardenerjeff, @PaulStamets and Allan Savory.

So, I am building this thread. 🌳
If you want to hear the interview, peep it here👇

podcasts.apple.com/us/podcast/mem…
Read 46 tweets
30 threads pour apprendre le Web3, les cryptos, les NFTs, la DeFi :
Read 24 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
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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