CovDuk Profile picture
Mar 9 5 tweets 2 min read
The future of crypto is multi chain. #ETH is great but has a lot of problems. It's scalability sucks and gas is super expensive.

There's a reason why ETH's #DeFi dominance is down 100%

Alt chains are fast, secure and cheap. There's room for more than just ETH. 🧵

#Blockchain
Yes, ETH 2.0 will solve some of the problems, but there's still time for it to come out.

In this super fast paced world that crypto is, a lot of players are already building and being very successful on other chains.
Besides, ETH 2.0 is not gonna make it the perfect chain.
#ETH is not going anywhere, but the future of crypto will have many chains working in harmony ( get it ;) )

To liken it to nations, think of it as world with many countries, each specializing in their own thing. Trade and communication between these countries will be key.
With the bear market setting in, I think the move is betting on these blue chip alt chains that have room to grow.

I do 101s on different chains, check them out here:


Follow to keep up

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with CovDuk

CovDuk Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @Cov_duk

Mar 11
EVMOS 101: The bridge between #Cosmos and #ETH

Here's your everything guide to #Evmos, the scalable, fast, Ethereum-compatible PoS blockchain built in the Cosmos ecosystem

A thread 🧵👇
2. Let’s review a few things. We love #ETH. It’s decentralized, secure and has a massive community. But it sucks at scaling

We love #Cosmos. It’s scale. Its decentralized. But secure can be a prob sometimes.

Read my comos thread here:
3. The future is multi chain. It’s the the most optimized, resource efficient way forward.

Enter #Evmos, the bridge between ETH and Cosmos. $EVMOS is a scalable, fast, Ethereum-compatible proof of stake blockchain built in the Cosmos ecosystem
Read 16 tweets
Mar 10
Celestia 101: Cloud computing for #Web3
Here's your everything guide to #Celestia, the modular blockchain that's disrupting crypto infrastructure

A thread🧵👇
1. Celestia is the first modular blockchain, with the goal to be the base layer for all chains.

That way, L1 and L2 can leave the groundwork to #Celestia and focus on execution and specialization.
2. Right now, the problem with most chains is that they try to everything and are building from the scratch.

This leads to inefficiency and reduced specialization.
Read 19 tweets
Mar 10
#THORChain 101: the bridge between the multi chain universe ⛓️

Here is everything you need to know about THORchain and $RUNE, the cross chain AMM that is positioned to change world of crypto.

A thread 🧵👇
2. The entire ethos of the #crypto world rests upon decentralization and immutability. In the past few years, we’ve seen the rise of many chains. It’s become very clear, the future of crypto is multi chain.
3.Every chain has its pros and cons and the most optimized world is multi chain. We’ve seen this being built already with #COSMOS.

However, despite the strides we’ve taken towards decentralization, many crucial entities have remained centralized, like Coinbase and Binance.
Read 27 tweets
Mar 10
$METIS 101: The L2 that solves #ETH's problems

ETH is slow af, expensive af and cant scale

A layer 2 is a framework that helps the base layer (known as L1) scale. This is done by taking the transactions off the L1

🧵👇 ( A thread | 1/22) Image
2. The Scalability trilemma that all blockchains face is that they can only choose 2 out of 3: scalability, decentralization and security.

L2s are a solution that aims at making non scalable chains like #ETH scalable. Image
3. #METIS is building an easy-to-use, highly scalable, low-cost, and fully functional Layer 2 framework (Metis Rollup) to fully support the application and business migration from Web 2.0 to Web 3.0. Image
Read 23 tweets
Mar 9
DeFi Kingdoms 101: the #GameFi blockchain game that's on its way to being the king of #Blockchain games👑

Here's your everything guide to #DFK 🐂

A thread 🧵👇👑

#defikingdom
2. DeFi Kingdoms (DFK) is a cross chain #GAMEFI MMORPG .

It’s a game, a DEX, a liquidity pool opportunity, and a market of rare utility driven #NFTs.

GameFi is the intersection of DeFi, NFTs and the metaverse.
3. #DFK has complex mechanics and brings pixelated retro art to DeFI. It was originally built on the #HarmonyONE $ONE network, but has recently expanded to their own DFK chain powered by #AVAX.

Read 27 tweets
Mar 8
Harmony 101: the $ONE for all blockchain

Here's a thread all about #HarmonyONE, the fast, low cost #ETH VM compatible blockchain that's home to #DeFiKingdoms 🧵👇
2. We’ve talked about this many times before. #ETH sucks at scaling and gas is super expensive.

ETH has been losing market share, especially to fast, low cost chains like #Solana, #Terra and #BSC.
3. ETH’s #DeFi dominance is down 100% from 1 year ago. Alternative chains are well position to grow and eat more of ETH’s market share. The crypto world is going to become multi chain
Read 18 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(