Tweet

More from @PastryEth

pastry

@PastryEth

11 Sep

#Bitcoin & the crypto market have been through a lot in the past, both good & bad.

For this reason, I’ve compiled a list of its most iconic moments, in what I’d like to call the crypto nostalgia thread.

Here are crypto’s most memorable moments..

1. Bitcoin Whitepaper

It’s the moment that started it all

On the 31st of October, 2008, an anonymous user under the pseudonym Satoshi Nakamoto published a link to the $BTC Whitepaper titled “Bitcoin: A Peer-to-Preer electronic cash system” on the cryptography mailing list forum

2. Genesis block

On Jan 3rd, 2009, the $BTC network was created when Satoshi mined the genesis block

Embedded in this block was the text “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”, which references a headline posted by The Times

Read 25 tweets

pastry

@PastryEth

7 Sep

In the fast paced crypto market where hundreds of tokens are launched every day, it can be hard to single out which ones present the best investment opportunities..

For this reason, I’ve compiled a list of the top 20 blue chips I believe are best suited for success in the future

1. Bitcoin

#Bitcoin has proven itself as one of the best investments for risk averse investors looking to get started in crypto.

Its outperformed every asset class in existence, has developed powerful network effects, & is growing even faster than the internet’s adoption rate

2. Ethereum

#Ethereum is one of the best growth assets to invest in, & it has the numbers to prove it.

By far, #Ethereum leads in protocol devs, # of active dApps, protocol revenue, & is expected to undergo a major upgrade known as “ETH 2.0” within the next couple years

Read 21 tweets

pastry

@PastryEth

4 Sep

Your gas fees are high, but do you know why?

Since Arbitrum One went live this week, I found it’d be suiting to explain the importance of layer 2 scaling solutions like Arbitrum, and what exactly the issue is that they are trying to resolve

Ever since their inception, blockchain based technologies have been faced with a difficult problem known as the ‘Scalability Trilemma’.

The Scalability Trilemma states that trade offs are inevitable between three important properties: Decentralization, Security, & Scalability.

In a blockchain framework, you can only have 2 of the above properties, but not all three.

To get an easier grasp of this concept, let’s take a look at #Bitcoin.

The #Bitcoin protocol chose to stay true to security & decentralization, while sacrificing scalability in return.

Read 13 tweets

pastry

@PastryEth

25 Aug

The single strongest deterring factor of the crypto industry is the lack of education on the subject…

Let’s change that.

Here are 24 things I wish I knew before starting crypto..🧁

1. Crypto is unforgiving

Crypto will wipe you out more often than it can make you rich.

In this space, thousands of people lose their hard-earned money due to human error, scams, or exploits.

Being your own custodian comes w great responsibility

2. Traders don’t usually win

Ppl jump into this market thinking they need to be first to every speculative bubble, every meme hype train, or every large NFT drop

This strategy more often than not leaves you rekt. The majority of ppl are better off holding $BTC or $ETH long term

Read 25 tweets

pastry

@PastryEth

22 Aug

Top projects with the best fundamentals and lowest recognition..

1. KP3R Network

KP3R can be described as a network for automating smart contacts on $ETH.

Users submit “jobs” (liquidations, harvesting, batch executions) to the KP3R network, where a Keeper can then perform the task & get rewarded in the form of KP3R tokens.

2. Unlock Protocol

$UDT is an open source protocol designed to help creators monetize their content without a middleman

Creators deploy “locks” in the form of NFT’s with specific parameters allowing for tickets, customizable memberships & even paywalls for online content

Read 15 tweets

pastry

@PastryEth

12 Aug

There’s been a lot of talk about #EIP1559 recently..

However, not many seem to know that this is just 1 small step forward in #Ethereum’s roadmap toward “Serenity”, or “ETH 2.0”, & there are in fact many more substantial upgrades to come..

Let’s dive in..🧁

In order to understand these upgrades, we first need to understand $ETH 2.0

$ETH 2.0 refers to an infrastructure upgrade of #Eth with the aim of creating a more secure, user-friendly, & scalable blockchain that can accommodate the growth required to become a global supercomputer

Beacon Chain

The beacon chain is an upgraded version of $ETH that will eventually replace the legacy $ETH blockchain currently in use.

Its purpose is to introduce a new consensus model known as PoS & coordinate an expanded network of shards & stakers.

Read 20 tweets

Share this page!

pastry

Try unrolling a thread yourself!

More from @PastryEth

pastry

pastry

pastry

pastry

pastry

pastry

Did Thread Reader help you today?

Like this author's thread?