1/ #Rollups (Layer2) are blockchain technologies that help scale Layer1s (ex: Ethereum), that allow faster transactions at a cheaper cost in a trustless verifiable way.
In ZK-Rollups, validity is ensured by zero-knowledge proofs.
2/ Zero-knowledge proof (ZK Proofs) technologies enable one party to prove to another party that they know something without the prover having to convey the information itself in order to prove their knowledge.
👇Here's why it is important, and what we are doing about it
3/ ZK for Scalability 📈
Since ZK proofs allow data-sharing between two parties without transferring any information with the transaction, they can improve scalability.
With 2-second finality already achieved, @harmonyprotocol can scale its transactions/second with sharding.
2/ @Harmonyprotocol is now fully supported on Snapshot, and the forked version hosted on the Harmony website will be discontinued.
This decision comes to ensure complete decentralization and to provide a reliable and secure product to the community.
3/ With an ever-growing number of DAOs on Harmony and a plan to create many more, it is critical they have access to reliable services to run and manage their organizations.
Therefore, from March 1st, 2022, users will need to create a brand new space on Snapshot.org
3/ The Ethereum Push Notification Service (@epnsproject) is a decentralized communication & notification protocol for Web3. With it, any smart contract, dApp or backend can send on-chain or off-chain #notifications tied to wallet addresses 🤩
While crypto entrepreneurs should set clear guidelines on KYC/AML reporting while preserving privacy, peer-to-peer transaction reporting & disclosure requirements on self-custody assets are unconstitutional overreaches. Get a warrant, or we’ll see you in court
27/ While it is built for decentralization, using crypto for nefarious purposes leaves an excellent paper trail for prosecutors to lock in a conviction. People who build products that aim to serve dark markets almost always get caught & go to jail.
ETH sits at ~60% market cap dominance [vs 98% in early 2021] among Layer 1s, & it’s likely that we’ll see >80% of on-chain EVM transaction volume move to L2 chains within the next year. Time is of the essence as other Layer 1s continue to gain market share.
1/ @MessariCrypto’s #theses2022, synthesizing the crypto chaos, encompasses the web3 economy & infrastructure that includes crypto, DeFi, NFTs & bridges!
👇 Here are some passages that show how @harmonyprotocol's vision and strategies align with the market potential & key trends
The report envisions Web3 will show growth everywhere, particularly in NFT infrastructure, DAO tooling and inter-protocol bridges.
3/ With DeFi, NFTs & the user-owned economy, Web3 gives us the chance to upgrade networks into crypto asset centered economies & build systems where the incentives of network owners, network participants, and third-party developers are fully aligned.