CovDuk Profile picture
Mar 24 12 tweets 11 min read
#Avalanche Core Wallet is coming 🔥

Big news. Here's everything you need to know.

A thread 👇🧵
2. #AVAX is coming out with the Core browser Extension and Mobile wallet that is specifically built for AVAX and AVAX subnets.
3. Core will come out in a two phased launch.

Core is a free, non custodial wallet that is designed for AVAX.

It will feature both a mobile and a browser extension and is designed to keep pace with the booming #Avalanche ecosystem.
4. The Core browser extension is expected to come out in late march and the mobile app is expected to come out in early Q2.

Until now, AVAX users have used general wallets like Metamask.

However, given #AVAX’s booming ecosystem, a wallet that is optimized for AVAX is required
5. Core is going to be more than just a wallet.

AVAX plans on it being a web3 operating system.

It is a secure wallet that is optimized for web3 mass adoption and features a very user intuitive interface.
6. Core users can seamlessly connect with the AVAX bridge, including the latest AVAX BTC bridge.

7. In addition to this, features will include hardware wallet compatibility, dashboard to see all collectibles, token swaps directly from the wallet, multiple addresses with the same seed phrase, address book to save contacts and the ability to purchase AVAX directly.
8. DeFi usage has skyrocketed on AVAX, making the AVAX ETH bridge the most popular ETH connected bridge with over $6B in TVL.

This news has come in right after the parent company of Metamask, ConsenSys, received a $7B dollar valuation in the latest funding round.
9. Let the wallet wars begin.

Read more here:
medium.com/avalancheavax/…
12. I hope this was insightful, a retweet would mean a lot!

More #AVAXsummit breakdowns and insights coming your way, follow to keep up.

Here are some of my past threads:
covduk.notion.site/4798517af2944e…

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More from @Cov_duk

Mar 25
#Ripple 101: The global payments system for institutions.

Here's everything you need to know about $XRP, the currency exchange system that allows for fast, global, low cost transactions

A thread 🧵👇
2. #Ripple is a currency exchange system that allows for fast, low cost transactions.

Ripple’s primary goal is to connect financial institutions, payment providers, and exchanges to provide faster and cheaper global payments.
3. Launched in 2012, #Ripple has gained significant traction and adoption. Using the XRP ledger, Ripple aims at creating the best environment for payments.

Using RippleNet, a p2p decentralized platform, Ripple allows fiat and crypto to be transferred globally and instantly.
Read 30 tweets
Mar 25
#Bitcoin Taproot 101: The first BTC upgrade in 4 years

Here's everything you need to know about Taproot.

A thread 👇🧵
2. Taproot is the first major upgrade to #BTC since 2017.

Using a private key to provide a signature, users can utilize their bitcoin.

However, more complex transactions require multiple signatures. All of these signatures and data become public on the ledger.
3. This adds a lot more data to the chain, while possibly exposing sensitive data to people.

This also allows for government or third party tracking.
Read 9 tweets
Mar 25
#Audius 101: Web3 Spotify

Here's your intro guide to Audius, the fully decentralized music platform.

A thread 👇🧵
2. #Audius is a fully decentralized music platform.

Audius allows users to upload their songs to the their platform, while connecting artists to fans.
3. #Audius uses blockchain tech to allow this to happen. Each artist produces immutable records for their songs

To compete and beat commonly used music apps like Spotify,

Audius has to be very intuitive and easy to use.
Read 20 tweets
Mar 25
Stargate 101: the destroyer of bridges

Here's your everything guide to #stargatefinance, the first bridge to overcome the bridging trilemma.

$STG has been skyrocketing.

A thread 👇🧵 Image
2. The world of crypto has become multi chain.

ETH’s scalability problems have led to the rise of alternative L1s that have sought to solve ETH’s problems and eat its market share.

Players like #AVAX have had big runs and have built massive communities.
3. However, there still one big problem in this multichain world.

There does not exist a proper solution for bridging native assets between chains.
Read 27 tweets
Mar 23
Why #LUNA is 🔥

Here's a deep dive into why the new coolest kid on the block is positioned to dominate, why a lot of concerns are FUD and the huge #Terra updates.

A thread🧵👇
2. #LUNA, #Terra and $UST have been popping off recently, for good reason.

Here’s my Terra 101:
3. $UST is an algorithmic stablecoin. It is not collateralized and truly decentralized, holding true to the ethos of decentralization.

Fiat stablecoins are not decentralized.
Read 25 tweets
Mar 23
I'm summarizing @MessariCrypto's 165 page Crypto Thesis for 2022 report by @twobitidiot so that you can get all the key insights

Here's part 3: Top 10 thoughts about #BTC

👇🧵A thread
2. Please Check on Peter Schiff


#Bitcoin is rapidly outperforming gold. If you invested $100 in BTC 10 years ago, you’d have $1.7M.

If you invested $100 into gold, you’d have $102.
3. No signs of BTC slowing down. Investors believe in BTC more than ever. Regulators and Institutions are coming on board.



Stocks doing ok, bonds yielding negative returns, inflation is super high, pensioners are owed a ton of money.
Read 27 tweets

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