🚨 If Layer 1 Blockchains were the narrative of this last bull market, then Layer 1 DAG’s just might be the narrative of the next, and @AlephZero sure does have a good shot at leading it, here’s why...🧵
/1 So what's a DAG?
-Directed Acyclic Graph, another form of Distributed ledger technology like #blockchain
-There are no blocks of transactions in DAG networks. If blockchain is a linked list, a DAG is a tree, branching out from one transaction to another
-DAG = Faster
/2 So what is Aleph Zero exactly and what are its core features?
- Privacy-enhancing public PoS blockchain with instant finality (and 100k tps)
- Built for enterprise, Web 3.0, and DeFi
- Near Free Transactions
- Private Smart Contracts
/3 What does Privacy-Enhancing mean?
-AZero uses ZKProofs and sMPC to give developers the ability to make private smart contract (especially helpful for something like how much a company buys something in bulk for overseas)
/4 Liminal is #AlephZero 's Layer 2 that facilitates this.
-If developers choose to build on Azero than these private smart contracts are native (obviously)
-But if projects built on other chains like #Ethereum or #NEAR also want to use it they can as well
/5 How so?
-Azero is build using Parity's Substrate technology, using Rust, which allows easy interoperability with other blockchains. It's able to work with Polkadot while not even being a parachain 🤯
/6 Next Benchmarks for the project?
-Common DEX and Wallet coming Q4/Q1
-Azero is only on a few CEX's, so it'll be great when it comes to DeFi.
-Look out for the @get_common token when the DEX does drop
/7 Share this thread with anyone new to #AZERO
I've also made a full youtube video on it in more detail that you can watch here. Thanks for reading 🙏
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.