So $SMR launched a few days ago I know this is long overdue but let us get right into it.
In this thread, I will get you up to date about what this token is all about and also dive deep into its unique utility.
Let's dive in π§΅
$SMR #Shimmer #Iota @shimmernet
In this thread, I will get you up to date about what this token is all about and also dive deep into its unique utility.
Let's dive in π§΅
$SMR #Shimmer #Iota @shimmernet
In this thread, we are going to cover the following areas:
β’ A Multi-Chain Future on a Feeless DAG
β’ A bridgeless, modular, multi-chain smart contract architecture
β’ The $SMR Token Claiming $SMR Tokens
β’ Public Shimmer infrastructure
A Multi-Chain Future on a Feeless DAG
β’ A Multi-Chain Future on a Feeless DAG
β’ A bridgeless, modular, multi-chain smart contract architecture
β’ The $SMR Token Claiming $SMR Tokens
β’ Public Shimmer infrastructure
A Multi-Chain Future on a Feeless DAG
Shimmer adds a composable tokenization framework to the DAG ledger, expanding the potential for native Layer 1 tokenization of everything (NFTs, real-world assets, stablecoins, fan tokens, etc.).
This framework serves as the cornerstone for Shimmer's execution layer for smart contracts, which will fully support EVM with the impending ShimmerEVM launch.
The #IOTA ecosystem's staging network is called the Shimmer network.
The #IOTA ecosystem's staging network is called the Shimmer network.
The #shimmer network will be among the smart contract networks with the lowest fees for smart contract execution once feature-complete with the impending ShimmerEVM launch, providing developers with a network of new chances to create and scale their decentralized applications.
A bridgeless, modular, multi-chain smart contract architecture
The most important component of #Shimmer is the Stardust protocol and its tokenization framework, which enables a horizontally scalable and modular multi-chain architecture that permits the processing of sovereign
The most important component of #Shimmer is the Stardust protocol and its tokenization framework, which enables a horizontally scalable and modular multi-chain architecture that permits the processing of sovereign
smart contract networks in parallel while maintaining composability across chains.
Multiple smart contract chains can be deployed on top of many Layer 1 networks. But each of them experiences fractionalization as a result of doing so.
Multiple smart contract chains can be deployed on top of many Layer 1 networks. But each of them experiences fractionalization as a result of doing so.
Chains remain tiny little bubbles with little to no ability to engage with other networks if they are unable to communicate with one another.
Devoted bridges are constructed between chains to enable chain interaction, however, this strategy has three major downsides.
Devoted bridges are constructed between chains to enable chain interaction, however, this strategy has three major downsides.
Resources: Each bridge connecting two networks must be constructed, examined, and maintained separately.
A chain must construct, examine, and maintain 20 separate bridges if it wants to communicate with 20 other chains. That requires a great deal of time and money.
A chain must construct, examine, and maintain 20 separate bridges if it wants to communicate with 20 other chains. That requires a great deal of time and money.
Security: Bridges are one of the most valuable targets for hackers since they store a lot of valuable information.
Since smart contracts are the foundation of all bridges, the quality of their drafting and auditing is crucial.
Since smart contracts are the foundation of all bridges, the quality of their drafting and auditing is crucial.
A bridge is damaged almost every single week, costing users billions of dollars over the years.
Fees: Business-minded individuals supply the service of building bridges. There are expenses associated with using bridges, which can occasionally be extremely substantial.
Fees: Business-minded individuals supply the service of building bridges. There are expenses associated with using bridges, which can occasionally be extremely substantial.
The $SMR Token
Now letβs talk about the token $SMR Token. The native cryptocurrency of the Shimmer network is the $SMR coin.
Now letβs talk about the token $SMR Token. The native cryptocurrency of the Shimmer network is the $SMR coin.
It serves as the basic currency for the entire multi-chain architecture and is the asset that any connected smart contract chain has access to automatically. On smart contract chains, such as the forthcoming ShimmerEVM chain, the $SMR token can be used to settle execution fees.
Claiming $SMR Tokens
Public Shimmer infrastructure
-Shimmer is powered by the official network client Hornet, a user-friendly node program.
-The historical network data preservation solution with analytics capabilities is called Chronicle.
Public Shimmer infrastructure
-Shimmer is powered by the official network client Hornet, a user-friendly node program.
-The historical network data preservation solution with analytics capabilities is called Chronicle.
It is a potent backend for any implementation of an explorer.
-For certain use cases like indexing, event streaming, decentralized voting, or data inclusion proofs, a number of node extension plugins are accessible.
-For certain use cases like indexing, event streaming, decentralized voting, or data inclusion proofs, a number of node extension plugins are accessible.
-A number of languages are available for client libraries that interact with the network.
-A few languages have wallet libraries that enable programmers to incorporate Shimmer into any application fast.
-A few languages have wallet libraries that enable programmers to incorporate Shimmer into any application fast.
The simple process of setting up the library for projects that want to enable $SMR trading pairs is guided by our Exchange Integration Guide.
Application testing is made easier with the use of a command line wallet.
Application testing is made easier with the use of a command line wallet.
-The Layer 2 smart contract chain (also known as a blockchain) node software dubbed Wasp is still in the beta testing stage.
Its complete release is anticipated to coincide with the debut of ShimmerEVM.
Its complete release is anticipated to coincide with the debut of ShimmerEVM.
For more related content about Shimmer and IOTA, kindly like and retweet this thread if you found this information helpful.1
Alright, that's it for #shimmer #Iota
If you'd like to keep up to date with time-sensitive opportunities then follow @cyrilXBT
Also every Thursday I write the communities top voted project. π§ͺ
Everyone deserves FREE impactful knowledge.π
If you'd like to keep up to date with time-sensitive opportunities then follow @cyrilXBT
Also every Thursday I write the communities top voted project. π§ͺ
Everyone deserves FREE impactful knowledge.π
For more related content about #Shimmer and #IOTA, kindly like and retweet this thread if you found this information helpful.
https://twitter.com/cyrilXBT/status/1575551347830755353
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