Tweet

@KMSmithDC

@BankofAmerica

@gponcin

@chainlink

More from @MessariCrypto

Messari

@MessariCrypto

Aug 19

1/ Multiparty computation (MPC) allows a group of actors to combine a set of individual, private inputs to produce a single public output that can be used for the group’s collective action or decision-making.

So what would an example of MPC look like?

2/ Three friends want to know the average amount of $BTC held across their wallets w/o revealing additional info.

Each splits their info into parts and uses a cryptographic function to mask their private inputs.

Public output would be a group of sums used to calculate the avg.

3/ How can this be applied to the blockchain?

Threshold Signature Schemes (TSS) belong to Threshold Cryptography, a subfield of MPC, and are the key to unlocking MPC for private key management.

TSS improves on multi-sig wallet drawbacks while adding security.

Read 4 tweets

Messari

@MessariCrypto

Aug 18

@GMX_IO

1/ @GMX_IO is a decentralized exchange for spot and perpetual future contracts on @arbitrum One and @avalancheavax.

It is an attempt at building the mythical ideal exchange – a decentralized exchange that allows permissionless trading between any asset. 🧵

2/ Such an exchange would have the following properties:

+Trades between any assets
+Support high volumes
+Low fees
+Permissionless listing, censorship-resistant trades, and trustless custody

Such an exchange remains an ideal, and solutions so far have had to make tradeoffs.

@GMX_IO

3/ @GMX_IO supports the exchange of spot assets and perpetual contracts.

Its main feature is a pool of assets collected from liquidity providers (LPs) against which traders can swap assets or get perpetual exposure.

Read 8 tweets

Messari

@MessariCrypto

Aug 17

@iotex_io

1/ Thanks to the Internet of Things (IoT), devices in the real-world are getting smarter.

What currently hinders this potential from realization is that IoT devices are somewhat siloed. Think of an Alexa not speaking with an Apple Watch.

How is @iotex_io bridging this gap?🧵

@iotex_io

2/ To prove activity in the real world, @iotex_io collects raw data from tamper-proof, IoT devices via a network of decentralized nodes (W3bstream).

With MachineFi, IoTeX provides an incentive layer for IoT device owners, rewarding them for sharing real-world activity.

@iotex_io

3/ At its core, @iotex_io is a smart contract platform for bootstrapping large-scale machine networks in the real-world.

IoTeX enables dapps that leverage these machine networks for everyday usage.

Read 6 tweets

Messari

@MessariCrypto

Aug 17

1/ As it stands today, the NFT industry isn’t much more than JPEG speculation.

If that’s the case, two questions need to be answered:

+Can JPEGs reasonably retain any value?
+Will the ERC-721 NFT standard find greater use cases beyond pictures?🧵

@DegenSpartan

2/ How are JPEGs valued?

To build a relevant framework for understanding how NFT collections were able to reach mind-boggling market capitalization figures, @DegenSpartan of @egirl_capital took basic, traditional valuation framework and added a speculative factor on top.

@PropyInc

3/ The trend moving forward will likely see more projects focusing on delivering intrinsic value based on high-functionality assets.

Consider the tokenization of real estate assets, where protocols like @PropyInc work to bring real estate deeds on chain.

Read 5 tweets

Messari

@MessariCrypto

Aug 16

@TornadoCash

1/ Following the @TornadoCash sanctions, the two largest node infrastructure providers, @infura_io and @AlchemyPlatform, both deactivated their RPC links used in @TornadoCash's front end.

Can @ankr and @POKTnetwork Solve Web3’s Node Centralization Problems? 🧵

2/ An RPC is an application programming interface (API) interaction that allows applications to communicate with servers on a shared network.

RPC nodes enable decentralized apps to communicate with blockchains, which is essential for querying info and performing transactions.

@infura_io

3/ Centralized Infrastructure-as-a-Service businesses (e.g., @infura_io and @AlchemyPlatform) tend to rely on a single cloud provider.

As a result, nodes have become centralized on the servers of a handful of large cloud providers.

Read 8 tweets

Messari

@MessariCrypto

Aug 15

@BabylonFinance

1/ The internet has opened up access to the markets, offering individuals unique ways to share information and coordinate with other market participants.

On the DeFi front, @BabylonFinance is looking to further develop this phenomenon.

@BabylonFinance

2/ @BabylonFinance leverages the internet’s native financial system to allow individuals and groups create investment communities.

This allows aligned participants to invest in DeFi together.

@BabylonFinance

3/ But how does @BabylonFinance actually work?

At a high level, it's centered around its non-custodial investment communities, called “Gardens.”

In addition to setting forth an investment thesis, Garden creators can customize a number of parameters.

Read 8 tweets

Share this page!

Messari

People who liked this thread also liked...

Try unrolling a thread yourself!

More from @MessariCrypto

Messari

Messari

Messari

Messari

Messari

Messari

Did Thread Reader help you today?

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