KB-96542804 How to turn a blockchain off and on again
To be honest, this process is not different I have seen on some other chains and during the EOS launch party.
1) Verify state and software version
2) Choose what chain to follow
What makes it interesting is slashing etc. and what happens with penalties for validators.
While events like this have happened before for chains, and many testnets, I do think the scale of this event sets a precendence.
Here are some of the Solana fixes
Althouggh understanding the changes would one need to be an expert in Solana node codebase, which is only a handful of people, this tells an interesting story how to tune the train while it is moving.
Probably some of these issues could be caught in vigorous performance testing and network simulation - or they were but not released yet.
2/ The grind of two years is over: We have been working with Trading Strategy for a while, and finally, the first openly accessible version is out.
3/ I believe Trading Strategy and similar products will be the next step in the DeFi evolution. They create genuine value. They are also the killer app of public blockchain that TradFi cannot replicate.
Finally, let's put all the infra we have built to good use.
Because they are selling a token (an altcoin) that is not BTC. To VCs. VCs have a crocodile brain: never tell them anything they do not know. They know L2 is hype. They have no idea what L2 is. Just sell hype.
Memecoin mania happened on Solana. To the same extent, it can never happen on any EVM chain.
Let's examine Solana's SPL tokens and why they offer a better user and developer experience than ERC-20 and how is this related.
A short thread.
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2/ What if I told you, tokens can be done better?
3/ Ethereum has issues due to its poor past design choices. Flaws were never revised and just hid with duct tape.
Blockchains that came later fixed some of these issues. Because now there are many sizeable chain ecosystems, we can compare design choices and their benefits.
2/ Bitcoin has existed 15 years. But even for a Bitcoin maxi, it's quite a stretch to say Bitcoin is technology-wise doing much compared to alternative blockchains.
3/ The question is - why is this? Bitcoin had a good 7-8 years headstart to everyone else and is the largest and most-well know blockchain in the world.
The new darling of Avalanche got hacked twice on two subsequent days, for $3.5M. Avalanche ecosystem and its investors are rushing to make the project whole.
Why did this happen, and what can we learn from this?
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BACKGROUND
Let's lay down facts and see what we have on the on-chain drama plate this week.
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StarsArea is so-called clone project , a very successful (revenue-wise) project which launched on the Base layer two chain about a month ago.Friend.Tech