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Beniamin Mincu ⚡ Profile picture
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10 Mar, 12 tweets, 3 min read
1/ Imagine the global financial system as a set of microservices. Money, exchanges, lending.

Working near-instantly, inexpensively, 24/7, at a global scale.

Usable by nations, banks, businesses, startups & individuals.

This is the era of Autonomous Banking.
⚡️@ElrondNetwork⚡️
NOT INVESTMENT ADVICE.
2/ Reimagining money & the global financial system via blockchains, is perhaps the largest opportunity since the invention of the internet.

Largest in both impact and upside.
3/ So here's a list of the coolest modules coming to Elrond.



Roadmap for the next period.



ESDT Stablecoins.
4/ Elrond NFTs standard.
Built-in royalties.
5/ Elrond Launchpad.
6/ Elrond swap.
Automated market maker.
7/ Elrond lending.
Automated lending protocol.
8/ Elrond synthetics.
Synthetics protocol.
9/ Elrond Bridges.

Interoperability layer.
10/ All built anew on Elrond. All by independent heterogeneous teams acting in concert as part of a global consensus mechanism. All powered by the eGold native currency. All using Elrond’s high throughput and inexpensiveness & Maiar’s simplicity, to unlock new markets, at scale.
11/ This is the Elrond DeFi 2.0 module, and it's about to come live.

The era of Autonomous Banking is here.
elrond.com/blog/elrond-de…

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More from @beniaminmincu

Beniamin Mincu ⚡ Profile picture
17 Feb
1/ Elrond is building something new.
As things grow, trolls come along.

Most times you focus on building & simply ignore trolls.
But sometimes, you engage to clarify things.

The only way to win is through facts, good will, and most important, *more progress*.
2/ It is in trolls nature to dwell in the shadows, taking clear and well known facts, and distorting them for different agendas.

But truth has a way of coming to light. When it does, it will either set them free, or leave them harmless by disarming them.
3/ At Elrond, we encourage everyone to examine the facts, and engage in thoughtful conversations.

*It helps to be kind. Going the extra mile is how Elrond grew to such a large community.*

It's what will keep Elrond growing.

Time to take a look at the Elrond facts.
Read 19 tweets
Beniamin Mincu ⚡ Profile picture
29 Jan
1/ Humanity *needs* (a) a high bandwidth, low latency financial system, (b) that is decentralized, and (c) accessible to anyone, anywhere.

This is a high impact, multi trillion dollar opportunity, able to dramatically improve ppls's lives across the world.

Thread for @elonmusk
2/ Blockchain technology is at an inflexion point. On the cusp of unlocking a massive societal improvement. Perhaps the biggest since the invention of the internet.

#bitcoin and crypto are just its first applications.
3/ The next 2-3 years will see the most rapid financial transformation - from traditional 40 years old slow, deprecated, legacy technology, to state of the art blockchains, enabling transactions at the speed and scale of the internet.
Read 17 tweets
Beniamin Mincu ⚡ Profile picture
7 Nov 20
After many years of work, ETH 2.0 has announced an update: ETH 2.0 - Phase 0.

But after a careful review it seems the excitement is overblown, and the actual progress almost trivial compared to that needed to have ETH 2.0 in production.

Here's a contrarian view & solution. 👇
First, let's set the context: Ethereum's fundamental problem is scalability: despite a 50$ billion valuation, ETH cannot process more than 15 transactions/sec(!).

In a high bandwidth internet era, this is akin to the earliest versions of 56k dialup modems.
I say fundamental problem, because unlike most other problems, this architecture limitation is practically impossible to be fixed. Thus, paradoxically, the higher an adoption ETH gets, the more obvious and painful this fundamental limitation becomes.
Read 22 tweets
Beniamin Mincu ⚡ Profile picture
21 Sep 20
1/ For the last 3 years the Elrond team has been pushing hard to deliver an internet scale blockchain -- the most scalable blockchain architecture in the world.

The network is LIVE, and we've gathered one of the strongest communities in the ecosystem.

Here's a context thread 👇
2/ - NOT INVESTMENT ADVICE -

TECHNOLOGIES WITH MASSIVE IMPACT

Truly groundbreaking technology is rare, and it usually takes one working killer application to reveal its utility and drive massive adoption. Then, it gradually reshapes the world around us.
3/ Electric current powers all technology today, but it was the lightbulb that paved the way for its immediate adoption; the internet made all information accessible and enabled instant global communication, but it was the browser that brought millions of users to the internet.
Read 25 tweets
Beniamin Mincu ⚡ Profile picture
12 Aug 20
Elrond has come far, we’ve reached milestones which set Elrond on a unique, challenging and revolutionary trajectory.

But what are we really aiming for?
What’s next for Elrond network, Maiar and eGold?

Important context thread below 🔥
CONTEXT

The level of complexity in building one of the most advanced blockchain architectures to date, and improving everything 1000x in throughput, execution speed, and transaction cost, compared to iterations like BTC or ETH, is painfully challenging yet immensely gratifying.
Attempting to simultaneously build an innovative, simple and delightful user interface, that seamlessly integrates with this architecture to offer global near-instant transfer of value at negligible cost, amplifies the difficulty level considerably.
Read 36 tweets
Beniamin Mincu ⚡ Profile picture
20 Apr 20
1/ Thesis: we are on the verge of entering a new blockchain era - one of simple, global, near instant, and inexpensive value transfer, for anyone, anywhere.

But how, you may ask?

For this we've built Elrond, the internet scale blockchain
2/ The internet serves as the most useful metaphor of how blockchain adoption will likely play out.

Looking back, there are 2 important inflexion points in the early days of the web: 🌎

upgrade100.com/updates/somewh…
3/
(1) the first inflexion point was the browser - which simplified things via point & click, dramatically lowering the barrier to entry, and enabling tens of millions of people to come online (thanks for Netscape @pmarca ).
Read 8 tweets

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