Let's dive into these crypto rockstars 🧵 but first, why are you waiting to secure your pass?
The event is happening Sept 21-23 in NYC. mainnet.events
2/ Stoked to hear from @KyleSamani, the Co-Founder and Managing Partner @multicoincap on composability🏗️ and his investment thesis for the bear.
3/ Then we'll get the rundown of all things @solana, including the new Saga phone📱, from @aeyakovenko, the Co-Founder of Solana Labs.
4/ Arts and culture were key to the crypto bull run over the past couple years, so we've added Lisa Liang (@BreadBreaker22), the Co-Founder and CMO of @asyncart to the lineup.
5/ The focus is really on Zero Knowledge or ZK technology right now, so we're bringing @0xPolygon Co-Founder @MihailoBjelic to the stage to discuss the project's latest release.
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This sector has seen explosive growth, with numerous projects now valued over a billion dollars with $230M invested in July 2024 alone.
Let's dive into the intersection of decentralized AI and blockchain technology.
🧵⬇️
First, let's break down some key components in AI x Crypto:
1. Decentralized Compute Networks: Networks of GPUs for model training and inference. 2. Model Coordination Platforms: Incentivizing model development and specialized inference settings.
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3. AI Tools and Services: Marketplaces for AI models and services. 4. Apps: Consumer and enterprise products leveraging AI models.
Now that we understand the various components, the question remains: what is really going on at the intersection of AI and Crypto?
1/ The crypto space's evolution has necessitated stronger server infrastructure to meet the increasing performance requirements of blockchains and their applications.
@Old_Samster dives into why advanced physical infrastructure is crucial.👇🧵
@Old_Samster @Filecoin @sphere_labs @akashnet_ 2/ Newer chains like @avax and @Solana demand significantly higher processing power compared to @Ethereum.
This has driven validators towards being hosted in data centers, given their increased demand for processing power, low latency, and high uptime.
3/ Decentralized storage networks (DSNs) and compute networks face similar challenges.
Ordinary people contributing idle storage space isn't enough for commercializing DSNs. Data centers become indispensable for low latency and exceptional uptime.
1/ Scalability is a key factor in the crypto space, with the modular approach gaining popularity. However, @Solana has taken a contrarian stance.
@kelxyz_ explains how @jump_firedancer, a validator client developed by @jump_ aims to enhance Solana's monolithic approach.🧵
2/ @jump_firedancer's first milestone, "fd_quic," demonstrated impressive transaction propagation throughput of 1M transactions per second (TPS) in initial performance tests.
But there's more work to be done to achieve the full potential of Firedancer.
3/ If successful, @jump_firedancer could unlock blue ocean markets for the @Solana ecosystem by offering unprecedented throughput, composability, and low costs.
However, challenges in execution, timing, and competition pose risks to its adoption and success.