Elrond is live. The ecosystem is vibrating. Community is rocking it. Validators are expanding. New tooling coming out every day. 150+ partners pushing to build on Elrond.
20+ partners preparing to launch their tokens on Elrond.
3/ But all of this brings complexity. A huge amount of complexity.
Complexity is like entropy, creeping in everywhere to break things.
Adding debt on all fronts and slowing things down to the point of halt.
Unless things are managed properly, and entropy is reversed.
4/ Point is we have reached a major milestone with the new mainnet release. ESDTs, SFTs & NFTs are live, and pivotal for the ecosystem.
W/ the Maiar DEX & Launchpad a new growth phase begins.
To manage things proactively & ensure optimal growth, a timeline recalibration is fit.
5/ So, what's our focus at this point?
The first project on the Maiar launchpad is coming.
Some things are worth waiting for - you will soon understand why. 👀
The new timeline will be the first week of May.
6/ Great, so where's the Maiar Exchange?
Recall that in order to launch we need:
(a) The mainnet w/ ESDT tokens live, (b) the conceptual design w/ MEX incentives, (c) SCs & backend required for the Maiar exchange, (d) the Maiar Exchange frontend, and (e) Maiar connect element.
7/ (a) is done, & (b) is in peer review, pending for tomorrow's town hall discussion.
W/ all the incentive design changes, several new SCs & backend changes have been added on the to do backlog of (c).
Still, things are progressing very well, with (c) expected to take ~2 weeks.
8/ So what about the rest of things?
Well, (d) Maiar Exchange frontend is progressing excellent, with 1st functional & design iterations expected to be ready in ~2 weeks.
Awesome news is that (e) Maiar connect is ready!
Tested as we speak, pending IOS, to be released tomorrow🔥
9/ To sum up: great products are never finished.
They are constantly reimagined, constantly improved.
And sometimes this takes time.
Time frames are always best approximations possible.
And when they change, it's for the better.
10/ So what's next?
Perhaps the most exciting growth period for Elrond yet.
Tomorrow, the new incentive design proposal will be shared in the Elrond Townhall, w/ a blog post afterwards.
The Maiar Exchange will bring a new economic significance to Elrond EGLD, MEX, MPAD, etc.
11/ The Maiar exchange with MEX, the Maiar launchpad with MPAD, and several other products and tokens are coming.
NFTs are also coming.
All of them will be ESDTs, usable in Maiar, getting native automated liquidity.
12/ The best time to care about the Elrond technology, community growth, and ecosystem expansion was 2 years ago.
The second best time is now.
With one growth engine, we’ve been accelerating hard.
Now a second and third engine are about to jump start.
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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.
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.
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.
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.