Miles Deutscher Profile picture
Jul 22, 2022 8 tweets 4 min read Read on X
.@VitalikButerin claims that #Ethereum will be able to to process "100,000 transactions per second", following the completion of 5 key phases:

• The Merge
• The Surge
• The Verge
• The Purge
• The Splurge

A quick breakdown of what each stage means for $ETH. 👇 Image
1. THE MERGE

The merging of the execution layer (current mainnet) and the Beacon Chain (new POS layer).

$ETH:
• Now becomes a deflationary asset (reduced issuance)
• Cuts power usage by 99%

The date of this upgrade is currently September 19th, 2022.

2. THE SURGE (2023)

The introduction of Sharding on Ethereum.

Sharding splits a blockchain's entire network into smaller partitions, known as "shards."

This will significantly increase the network's scalability. Image
3. THE VERGE

Introduces verkle trees, a "powerful upgrade to Merkle proofs that allow for much smaller proof sizes."

This will optimise storage on Ethereum and help reduce node size. Ultimately, this assists $ETH in becoming more scalable. Image
4. THE PURGE

Reduces the hard drive space needed for validators. This eliminates historical data and bad debt.

Streamlines storage, which in turn reduces network congestion. Image
5. THE SPLURGE

A series of miscellaneous *smaller* upgrades which ensure the network runs smoothly following the prior 4 stages.
All these changes are discussed (in a technical sense) on @VitalikButerin's website.

Here are the links used to research this thread:

Sharding: vitalik.ca/general/2021/0…
Verkle Trees: vitalik.ca/general/2021/0…
Full website: vitalik.ca
“The difference between #Bitcoin and #Ethereum is that Bitcoiners consider Bitcoin to be 80% complete, but Ethereans consider Ethereum to be 40% complete.” - @VitalikButerin

It's clear that the untapped potential here is colossal.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Miles Deutscher

Miles Deutscher Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @milesdeutscher

Apr 10
Mastering the art of on-chain whale watching could be your ticket to millions.

In recent weeks, insiders have been turning $1k > $1m+ by getting into meme coins EARLY.

🧵: Here are 2 battle-tested strategies I use to track their trades (and find early meme coin alpha).👇
Crypto's information landscape is heavily asymmetrical.

Insiders are often privy to intel that massively affect a token's price - launches, promos, partnerships & more.

Using this info, they often front-run retail investors by strategically timing their investments.
Now, these insiders become "whales", where they leverage their network and connections to find more early investment opportunities.

It's a classic cycle, where the whales get richer at the expense of retail.
Read 27 tweets
Apr 8
RWA is one of the biggest opportunities this cycle.

BlackRock just launched a tokenised fund.

Tokenised assets are set to hit $10T by 2030.

If you're still sleeping on this sector, now is the time to wake up.

🧵: My ULTIMATE guide to Real World Assets (+ top altcoin picks).👇
In this thread, I’ll be covering:

• What is RWA?
• Why RWAs are poised for significant grow in 2024 (and beyond)
• The specific RWA projects I'm interested in

Let's dive in.
Firstly, what is RWA?

Real-world assets (RWA) represent physical assets like gold, real estate, and other commodities as tokens on the blockchain.

This increases:

• Efficiency (lower cost without brokers)
• Accessibility (fragmentation and more liquidity)
Read 25 tweets
Apr 1
Every week, 𝕏 is riddled with crypto alpha.

However, the REAL alpha nuggets tend to get lost amidst the noise (especially in a bull market).

I compiled the TOP 10 alpha tweets I read this past week, so you don't have to.👇
1. Current trending narratives to focus your attention on.
2. Great reminder to trade new token standards as they arise.
Read 12 tweets
Mar 30
Grayscale believes we're currently in the “MIDDLE” stages of a crypto bull run.

They just released a report which breaks down their key findings, AND what comes next.

I read through its 2400 words, so you don't have to.

🧵: Here's everything you need to know.👇
Grayscale began by citing a number of signals that we're currently in the middle of a bull market.

• Bitcoin’s price breaching its ATH prior the Halving
• Total crypto market cap reaching its previous high
• Meme coins garnering TradFi attention Image
But in order to work out how long this rally will sustain, we must assert the underlying price drivers.

They highlight two specifically:

• Spot Bitcoin ETF inflows
• Strong on-chain fundamentals

Let's break these down even further.
Read 18 tweets
Mar 25
GCR is one of the greatest traders the crypto space has ever seen.

Although he's no longer active on X, he has left behind a trail of alpha.

I spent 2 hours on the weekend reading & collating it.

🧵: Here's a compilation of the top 15 GCR alpha tweets.👇
1. 90% of people are better off holding vs trading.
Read 17 tweets
Mar 22
Solana has created thousands of new millionaires this year.

But you're no longer early.

The BIG profits are made from being EARLY to a new rotation.

There are signs that BASE might be next.

🧵: My Ultimate BASE Guide (meme coins, airdrops, altcoins & more).👇
In this thread, I'll cover:

• What is Base?
• Why the Base chain is poised to grow in 2024 (and beyond)
• How to spot new on-chain meme coins
• Top opportunities on the Base chain

Let's dive in.
Firstly, what is Base?

Base is a Ethereum L2 solution, built using the @Optimism tech stack.

Base, like other L2s, scales Ethereum by making transactions faster & cheaper, whilst leveraging the security of the Ethereum mainnet.
Read 23 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(