Emin Gün Sirer🔺 Profile picture
Sep 29, 2020 12 tweets 2 min read Read on X
Today marks the first week anniversary of the birth of #Avalanche. I want to quickly recap where we are, what we’ve been up tin that first week, and what we’re planning to do.
With Avalanche, we’ve innovated at every level of blockchain networks. Foundationally, with a breakthrough in consensus protocols, and then continuing, layer-by-layer, to evolve areas like network and virtual machine models that other projects had skipped over.
In doing so, we built the first smart contracts platform that delivers sub-second finality, supports the entirety of the Ethereum virtual machine and development toolkit, and enables up to millions of independent validators to participate as full, block-producing nodes.
We also built the first platform to bridge the gap between private and public blockchains. You no longer have to make a hard choice between these two extremes, but can transition gracefully from a closed, to a semi-private, and ultimately to an open deployment.
We continue to target digital asset creation, and, as hard as it is to believe after 6000+ coins, we are miraculously the first project to provide the right legal and tech infrastructure to enable tokenization of all the world's assets.
The first week has not been uneventful. We had one scare where a community member thought he had burned around $1M worth of tokens. It turned out to be a misreport in the explorer, a cosmetic issue that has now been fixed.
On the technical front, we’ve strengthened the network’s connectivity and resilience in handling client errors, and rolled out functionality to the Explorer & Wallet to improve users' experience.
On the business development front, we’ve accelerated our talks with prospective partners, both in DeFi and broader enterprises, now that they can explore Avalanche’s mainnet.
We’ve also kicked off MoneyDance, which is an excellent combination of hackathon and summit covering all things DeFi.
First day recap of MoneyDance with videos can be found here. I had a blast chatting with Sergey Nazarov about DeFi, oracles and the future of the space. medium.com/avalabs/moneyd…
With Mainnet live, what we do each day will make a difference in how financial services and products are created and provisioned to people around the world. And by we I mean the amazing team, community, open-source contributors, and partners that make up the Avalanche ecosystem.
We have exciting plans for the rest of this year and for many to come as we continue our mission of showing what blockchains are really capable of. In the short term, we’re continuing to focus on network stability, on-boarding, and maybe a little sleep if we’re lucky.

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More from @el33th4xor

Feb 29
1/N After much demand, it's finally here: a proposed roadmap for AvalancheGo, or how to build the future of next-gen blockchain networks by leveraging all the best components of of monolithic and modular designs into one.

Note, this non-exhaustive and requires ACP approvals! Image
2/N The roadmap is divided across three major pillars:

1. Modular programmability: Making the building of permissionless, highly customizable, sovereign chains best-in-class.
2. Monolithic performance: Increasing performance of the monolithic stack to 100K+ tps / chain

... Image
3/N ...

3. System reliability: Improvements to time to finality and overall system reliability.

For modular programmability, it is all about upgrading subnets into powerful, sovereign chains. This includes:

* Sovereign chains (ACP13)
...
Read 7 tweets
Nov 28, 2023
Is the Twitter/X app as buggy for you as it is for me?
1. I see my own tweets twice in my own threads, even though they were posted once. Clear threading error incoming recently posted tweets.
2. Sent messages seem to go into limbo for a while, until they are posted. I tried setting that send-wait period to its lowest setting but there's still a wait period. This is probably why interactions are down -- ever since @elonmusk took over, the app has become laggy.
Read 7 tweets
Nov 12, 2023
1/7 Sound ways to do fee isolation, a quick thread.

There are multiple ways to do fee-isolation on chain. For those that need a refresher, fee isolation is the idea of localizing fees based on some specific restriction that the protocol may want to enforce.
2/7 For example, one thing that can be done is if a smart contract is taking up a lot of traffic, then that smart contract will need to pay more than others.

One form of this is what Solana does. This is my understanding based on the code review (please correct me if I'm wrong).
3/7 Solana has 4 execution cores which process txs in parallel as long as they don't conflict. If they do, they form queues behind the core. The priority fee then executes txs in the order of the priority fee. It is not enforced by chain, just by the block-building heuristic.
Read 7 tweets
Aug 1, 2023
AI is upon us and the tech is accelerating at lightning speed. But AI has a copyright problem that I believe blockchain technology can help solve.
I wrote an op-ed for @Blockworks_ that identifies ways blockchains can provide transparency and fairness for how AI models capture our creativity.

Read it here:
blockworks.co/news/ai-copyri…
While these ideas are in it's infancy, there are ways distributed ledgers can ensure intellectual property rights are preserved, and attribution can still flow back to creators.
Read 4 tweets
May 24, 2023
The launch of AvaCloud addresses many challenges businesses face with blockchain technology. AvaCloud is a Web3 Launchpad and a landmark step for massive blockchain adoption.
I have spoken with businesses around the world, and one thing is clear. There is a resounding interest in blockchain technology, but primary barriers of poor user experience, scalability, and expensive start-up costs keep businesses from entering the space.
With AvaCloud, our team has automated the process of launching completely customizable, infinitely scalable blockchains using a no-code portal your parents could use. This will accelerate the opportunities for businesses of all sizes to build in Web3.

avax.network/blog/ava-labs-…
Read 6 tweets
May 16, 2023
The firmware always had full access to the secret key -- the Secure Element is for passive storage, the firmware retrieves the key and uses it. Every firmware update thus requires full scrutiny. Glad to see a dangerous firmware update being rejected by the community.
The tweet from @Ledger that says that firmware *cannot* access the key seems incorrect and misleading. And Ledger's PR and Comms team have done a terrible job of explaining what's happening.
Long story short:

* Don't update your ledger firmware. Wait until Ledger withdraws and issues a new upgrade without the misfeature.

* Nano S seems not to be affected anyway.

* Your coins are infinitely safer in a hw wallet compared to a software wallet.
Read 4 tweets

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