MartyFly | πŸ‘¨β€πŸŽ“ = πŸ”‘ Profile picture
Jul 11, 2020 β€’ 16 tweets β€’ 7 min read β€’ Read on X
#VeChain X Cloud Computing X PoA
Why I think VeChain is on its way to position itself next to Amazon, Google and Microsoft in the Cloud Computing industry.

Facts
- Data is the new oil of the 21st century.
- The cloud market is currently dominated by a few companies.
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- Cloud computing is the delivery of on-demand computing services typically over the internet and on a pay-as-you-go basis.

In 2020, the public cloud services market is expected to reach around $374 billion and by 2022 market revenue is forecast to exceed $520 billion.
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3/15 IaaS
Infrastructure as a service (IaaS) is one of the three main categories of cloud computing services.
IaaS is a form of cloud computing that provides virtualized computing resources over the internet: servers, virtual machines, storage and networks.
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4/15 IaaS Payments
To pay for these services, the IaaS providers have credits:

You need AWS credits to pay for Amazon Web Services. There are GCP credits for computing services on the Google Cloud platform and Microsoft has Azure Credits for the Microsoft Azure platform.
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5/15 IaaS vs Blockchain
Blockchain technology is a form of storing data and executing programs. The difference with current IaaS providers is that the data/programs on a decentralized blockchain are trustless and immutable. Features that a centralized IaaS can never provide.
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6/15 Proof of Authority Consensus Algorithm
VeChain works with the PoA consensus algorithm.
Only 101 companies verified by the VeChain Foundation can add blocks to the blockchain. They put their companies' reputation and coins at stake.
E.g. DNVGL, PWC, BYD and Deloitte
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7/15 The VeChainThor Blockchain
As stated before, a blockchain is basically an IaaS. You can store data and run programs (smart contracts) on a virtual machine.
In order to use the VeChainThor blockchain you need to pay . You can see as a decentralized credit.
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8/15 Infrastructure Token
Therefore, in my opinion we should call "Infrastructure token", not "Utility token".
We only have to pay the network to store data or run programs.
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9/15 Block Reward
An important difference between PoW/PoS and PoA:
PoW and PoS "miners" are rewarded by producing blocks. Full or not, there is a reward.
PoA "miners" are only rewarded by the amount/size of txs in the block.
No txs -> No tx costs -> No revenue
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All the nodes are incentivized to bring users on the blockchain. More users means more revenue.
They do this by helping with the development of the ecosystem. E.g.
- @DNVGL created a digital asset wallet to provide to their 900.000 clients.

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- @Deloitte built a number of open-source tools, including a block explorer and a tool for managing and creating smart contracts.
- Channel partner @PwC helped with Walmart China and Sam's Club's food safety traceability systems.
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- VeChain developed ToolChain, a platform offering diverse services which simplify blockchain integration.

Every company focuses on their own strength, market and clients.
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To get back to where we started:
"Why I think VeChain is on its way to position itself next to Amazon, Google and Microsoft in the Cloud Computing industry."
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14/15
Public blockchains are a completely new technology within the Cloud Computing Services. A technology which can not be dominated by one company because of the decentralized fundamentals.
It's also global and not focused on a certain region in the world.
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15/15
The VeChain blockchain is an IaaS, existing of 101 companies with 101 different business models, services and client networks.

The network effect and strength of PoA is very powerful and in my opinion very overlooked.

Exciting times ahead.


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More from @Marty_cFly

Dec 3, 2021
Repost of @BigTimeCali's tweets as a thread;

How Celsius lost $50,000,000 today and why wannabe bankers are easy prey to the crypto-savvy. Should investors & users be weary?
TLDR: Celsius banked on BadgerDAO, which was just hacked for $120m and it was the biggest loser.
1/n
I’m gonna say why, so please read well my crypto-faithful and DYOR. CeFi sharks often leech off the DeFi doctrine, but make use of it and are happy to take advantage of your cash - their AUM. Remember that a company only goes down once and it’s gone with all your funds.
2/n
So here’s a good example of what to be careful for as a community caring for the dream of a bankless world, and where it all goes wrong.
3/n
Read 26 tweets
Oct 26, 2021
Stablecoins 🧡
There are different type of Stablecoins:
- Fiat Backed
$USDT
- Commodity Backed
$PAXG
- Crypto Backed
$DAI
- Algorithmic Stablecoins
Rebase
$AMPL
Fractional
$FEI
Seigniorage
$ESD

What's the difference?

Let's dive in πŸ‘‡

1/11
2/11
According to CoinGecko, there are 67 different stablecoins.
You can basically compare them by looking at 3 different aspects:
- Type of collateral
- Collateralization ratio
- Degree of centralization

Let start with the most popular stablecoins.
Fiat Backed Stablecoins
3/11
- Fiat Backed Stablecoins
$USDT $USDC $BUSD
These are backed by government currencies in bank accounts.
There is one dollar in a bank account for every token on the network.
They are centralized and not censorship resistance.
Read 11 tweets
Mar 19, 2021
#Wootrade X WOO X
WOO X is the professional trading GUI. The goal of WOO X is to let traders access all that liquidity aggregated on the Wootrade network, while also giving institutional clients a portal to manage their accounts.
$WOO
1/3
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WOO X is uniquely suited to people who trade a lot, and prefer not to lose money to fees. That’s not to say we discriminate against smaller traders. The benefits and design are just better suited for people who like to push the trading platform harder and faster.
$WOO
3/3
The economic model of WOO X is based on users staking WOO to access the network. Users who stake will be entitled to a number of perks including zero-fee trading and bonus yields in WOO.
$WOO
Read 4 tweets
Dec 19, 2020
#Vechain X What is it (not)
$VET is not a supplychain (SC) coin. VeChain is a public blockchain (like $ETH) on-which you can build anything you want.
The reason a lot of people think that $VET is a SC coin is that a lot of the first usecases built on VeChain are SC related.
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This is because the whole idea of VeChain started with the CEO Sunny Lu who worked at Louis Vuitton as Chief Information Officer on an internal project called "track and trace". They wanted to expand that project and that's how he discovered blockchain technology. Image
3/8
Sunny noticed that 90% of the blockchain startups were developing apps related to financial services, which is considered difficult because of the strict compliance regulations.
He also realized if you have no commercial activities on the blockchain and just go
$VET
Read 9 tweets
Sep 19, 2020
So I have 8000 VET focused tweets, I post about some blockchains /dApps and suddenly I`m a shitcoin shiller and traitor?

Thread


I wanted to learn more and make a kind of abstract. Also a little bit of teasing to my friends.
Like I said: I don't hold ICX
1/6 ImageImage
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$.
I'm reading about other coins to learn how their value flows go and add it to this thread, so it's easy to compare and see how awesome Vechain works. Also trying to bring VET outside of our bubble.

#Uniswap
I started reading about Uniswap AMM, an amazing tech. ImageImage
3/6
I started reading about how it works and the other (shady) coins like . Very interesting tech so I gave Uniswap credits for what they do (pic 1). They had no coin at that time.
Got more interested in Uniswap and was looking for a solid coin. (Pic 2) ImageImage
Read 8 tweets
Sep 17, 2020
#Uniswap X AMM Chaining
Today I posted about this person that bought $22 dollar of and paid $42 dollar of fee.

I was wondering why it was so much and found out he was using AMM Chaining.

A nice feature of a AMM DEX is Automated Market Maker Chaining; AMM Chaining.
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You can basically trade any token for another token as long as there is a pair with liquidity for both tokens on the AMM DEX.
As you can see in the above case:
He had .
He wanted .

The protocol automatically traded for and bought with that . Image
3/4
The only problem is that the fees are 'a bit' high. However, I do think it's an amazing feature which will be used a lot in the future once the fees are fixed. Image
Read 5 tweets

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