Hey cryptotwitter,

Hope you have a fantastic mid-August day, with a genuine emoji that was carved out 5000+ years ago.
There's a certain little person I know who goes to bed every night, and right before he goes to sleep, he goes through everything that he's grateful for. So, in that spirit, here's everything I'm grateful for.
First of all, I'm grateful that #Avalanche keeps on ticking. It kept working flawlessly through countless market ups and downs.
Second, I'm thrilled that the platform is topping all time highs in terms of organic transactions at 1.5m tx/day. And the architecture scales. There is no inherent ceiling to this number, more subnets will lead to more transactions.
I'm glad we didn't listen to public opinion on CT in designing #Avalanche. It would have been a mediocre system, marked by frequent failures, if we had. We literally said "you have it wrong," got roasted by mindless maxis of all kinds, and have been proven right.
I was providing input to a report by the GAO on how the government can take advantage of blockchains, and I realized that all of their concerns, established by first generation systems, have been addressed. It's time to deploy.
Scalability, compliance, user experience and others have come a long way. Now, by no means are we done. There's much more work to be done. But blockchains are no longer slow cumbersome databases, unsuitable for production.
I'm grateful for the Core Wallet, which lets me finally manage my coins and NFTs across chains. It's groundbreaking, and you should try it in the Chrome Store. It's designed to make sure that newbies don't get lost.
I'm grateful for the merge. I want Ethereum to remain competitive and not destroy the planet. I don't believe the L2 vision will yield an elegant overall system, but we support L2s should they ever become trustless, feasible and decentralized.
I'm grateful to Bitcoin and Ethereum in general for paving the way. And I love their maxis for driving bright people to seek out new, science-based platforms.
I'm grateful for institutional adoption. It is happening behind the scenes. And yes, macro fears will sideline a lot of capital, but the bottom line is that every financial firm now treats crypto with respect. The bull market will be exciting.
I'm glad that Ava Labs made the right call to move our HQ to NYC. #Avalanche was designed to digitize all of the world's assets. Tech plays hq in the bay area and don't go far. Short lived chains hq in a tax haven. You can tell a lot about a project by its home base.
I'm super glad that we brought a ton of new tech into the blockchain space. We introduced a new consensus protocol and broke the monotony of projects based on simple signature accrual. We built the world's fastest, cheapest, most secure bridge. And there's so much more to come.
But most of all, I'm grateful for the community we have built. Not to sound too sappy, but there's a reason why we're high in tps and low in dramas per second. Let's keep it going that way.
I'll be less active for a few days as I take a few days off and try to organize my life and maybe respond to my DMs that have piled up. Wishing everyone a fantastic summer.

• • •

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

Keep Current with Emin Gün Sirer🔺

Emin Gün Sirer🔺 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 @el33th4xor

Aug 8
Big new development today: the Core wallet just added support for Ethereum, Avalanche Subnets, and all EVM-compatible chains.

This now makes @coreapp, in my opinion, the best wallet for managing assets across multiple chains.
medium.com/avalancheavax/…
Core offers instant asset swaps, secure bridging technology to move across networks, and an easy on-ramp from fiat to crypto. Core has this and a lot more.
While the web3 vision is compelling, the web3 reality has been that the user experience is abysmal. This has made it difficult for all but the most sophisticated users to participate in DeFi, NFTs, and web3 in general. Core addresses this problem.
Read 7 tweets
Aug 3
There's an ongoing attack targeting the Solana ecosystem right now. 7000+ wallets affected, and rising at 20/min. Because it's very early and the attack is ongoing, there's a lot of misinformation and speculation. So here are a few thoughts and clarifications.
First of all, our hearts go out to the Solana community. Attacks like this affect not just the directly targeted system, but everyone in the space indirectly by eroding people's confidence in the space. Here's hoping for a quick clarification and recovery, if possible.
Because the transactions are signed properly, it's likely that the attacker has acquired access to private keys. But how?
Read 11 tweets
Aug 2
Once again, crypto-twitter is perpetuating myths about bridges following the Nomad bridge exploit.

This is your reminder that not all bridges are created equally 🧵
The Nomad bridge failure is an example of why bridges should not rely on complex smart contracts and experimental technology.
Nomad uses a similar design principle as optimistic rollups. This hack proves that the claim that optimistic rollups are inherently more secure is just plain old wrong.

Read 9 tweets
Jul 20
$45m of BTC bridged to Avalanche. No centralized custodian. Just trustless networking that enables users to use their BTC as collateral in DeFi.
This thing that works today reached half the size of the Lightning Network in just a month.
Many people chase hype, hope, and weak announcements around even weaker technology. Only a few actually understand the power of Avalanche's bridges and subnets.
Read 4 tweets
Jul 8
Avalanche is up and has been up for the last 365 days without a microsecond of downtime. This is why we decentralize.
Say what you will about crypto, but over the last decade, we built a collection of incredibly resilient protocols, with Avalanche at the forefront.
Just today, a major bank had a day-long outage. You literally had one job: make something work for 1/3rd of a day. You get the weekends off as well.

They just couldn't do it.
Read 5 tweets
Jul 7
GM GB, the Ethereum-Avalanche Bridge is about to turn 1yo later this month. In anticipation, there's some maintenance that's going on today that I'll describe.

TL;DR, the bridge addresses are going to change later today. Do not use the old addresses.

You'll recall that the Avalanche bridge is super cheap, secure, and fast, because it uses a different technology than every other bridge. Namely, it uses secure hardware that provides execution integrity, data confidentiality, and code attestation.
This means that no human, not even system administrators, have access to cryptographic keys. Even an insider could not gain unfettered access to the bridge keys – they are accessible *only* to the attested pristine bridge code executing in a secure enclave.
Read 17 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!

:(