jerome_wong Profile picture
Nov 13 7 tweets 5 min read
Some takeaways on #Layer3:
1) #Layer2 separates some functions from #Layer1, which keeps the consensus mechanism that provides security guarantees in #Layer1 and distributes the functions of computation and execution to #Layer2, thus achieving the goal for scaling on the premise of decentralization.
But #Layer2 cannot provide highly customized application scenarios, so here comes #Layer3 which can make up this through customized scaling.
2) Just as #Layer2 is nested on #Layer1, there is also a nested and recursive relation between #Layer3 and #Layer2.
Through the multiplicative effect of Recursive Proving, #Layer3 can not only inherit the advantages of #Layer2 such as decentralization, generic logic and composability, but also achieve more powerful scalability.
3) With #Layer3 solution being more advanced, a batch of new applications will be emerging. On-chain games or other projects that require strong computation power may become the pioneers to deploy their projects on #Layer3.
#Layer 3 could be the next driver for mass adoption of #blockchain.

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More from @jerome_wong99

Oct 26
Look forward to the application scenarios of #DID in the future, it can be simply divided into two categories: Reputation and Relationship. Image
Reputation can evaluate and classify users by simplifying digital identities into some explicit and trusty labels, so as to do rapid screening. Reputation includes the following application scenarios:
1)  #Web3 credit loan: User's address is given a "credit score" which is used to calculate the deductible staking quota in a credit loan.
Read 10 tweets
Oct 8
#Web3 security incidents are now happening with increasing frequency, and everyone could be the next victim. Here is a #web3 security guide for users.
1) Double check the project’s official website. In 2020, many phishing websites disguised themselves as @Uniswap and appeared on the page of @Google search result, causing property loss to some users.
To some extent, @Google searches are untrustworthy; you should develop the habit to use well-known cryptocurrency data aggregator like @CoinMarketCap, @coingecko, etc. In a word, don't rely on the search result only.
Read 7 tweets
Oct 6
#NFT domain name has endless possibilities. I am glad to see @unstoppableweb has made exploration and innovation in this direction.
1)  @unstoppableweb was launched in 2019 and provides digital identity solution based on #NFT domain names. Users can buy multiple domain names including .crypto,. NFT, .x, .dao and .bitcoin.  in @unstoppableweb.
In addition to replacing the long wallet address with a simple and easy word, #NFT domain names of @unstoppableweb can also be used to create decentralized websites. As of September 11, the websites created through @unstoppableweb Domains have reached to around 30,000.
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Oct 5
While #NFT liquidity is drying up and market sentiment is low, #ENS domains have seen a surge in transaction volume under such dire circumstances. Why?
1)  @1confirmation cofounder Nick Tomaino changed his Twitter name to 1492.eth last month and explained why #ENS is the perfect #NFT collection:
Widely accessible minting that offers creative freedom to anyone who wants in; Exclusive collections (10k club) within that command a big premium; Useful beyond speculation (can be a wallet addy or website).
Read 7 tweets

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