You have until Oct. 12th to find as many bugs on the @immunefi platform with #ChainDev to win some swag, and tell your friends you are better at web3 than me.
...Unless I beat you.
@immunefi 🕵🏻♂️ You can watch the new #ChainDev YouTube video to get some clues on how to find bugs.
We learn about a bug hunter who was paid 2.2 MILLION dollars for finding a bug that could have drained over $7 BILLION.
We as a web3 community are going to need to actively reject toxic projects leeching off the success of web3.
I want people to be successful.
I want you to do well.
But if you take more from web3 than you give, if you steal from users, not dedicated to the web3 long tail.
Gtfo
I’m not telling you to attack people, that’s detrimental. I’m saying after deep discussion on projects, when we identify a “bad” one, we don’t let each other become a user.
This isn’t easy, as it’s easier to just lose our temper a tell every protocol to fuck off.
And it can be hard to know what’s good and what’s bad, but here is you litmus test.
- Is this project doing something other than just giving yields?
- Is there a centralized entity that can flip a switch and turn it off?
🧱 I've been learning about modular blockchains and how they can help smart contract platforms scale - here is what I've learned so far:
1. Blockchains are separated into 4 categories
- Data Availability
- Consensus
- Settlement
- Execution
Chains like ETH are all 4.
💽 Data Availability: Where data is
🤝 Consensus: Order of transactions and agreement on the state of things
🎩 Settlement: Dispute resolution, finality, & bridge
⚡️ Execution: Processes Transactions
You can think of ETH, Solana, BTC, Avalanche, etc as "monoliths" of all 4.
Now, to draw an analogy to the current ETH ecosystem, what is the main thing that is happening to scale it?