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Sooraj Profile picture
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Nov 30 • 4 tweets • 3 min read
Not a lot of people know this

But Babel Fee is an innovation that will make #Cardano future proof

And Babel fee is already live on #Ergo Image
Babel fees coupled with a communication protocol similar to IBC of #Cosmos

That will be a game-changer for #Cardano

Hint: App chains/sidechains
If you want to know more

Here's a fantastic educational content by @InputOutputHK that explains the tech behind babel fees.👇
If you like Threads like this, you might enjoy our weekly newsletter: Just The Metrics.

A 5-minutes, easy-to-understand newsletter about crypto fundamentals to stay up to date & be better crypto investors 📈

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…st-the-metrics-newsletter.beehiiv.com

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More from @Soorajksaju2

Sooraj Profile picture
Dec 2
#Ethereum Community often calls themselves #Decentralization maxis

But if we look at the real metrics

#Cardano is far ahead than #Ethereum on #Decentralization

Here are the reasons why #Cardano is the most decentralized PoS-based blockchain out there🧵👇
#Decentralisation is the core ethos that gives meaning to the public #Blockchain space

Because it eliminates the need for trusted parties

#Bitcoin initiated this movement in the backdrop of the 2008 financial crisis

Resulted from the corrupt banks & lack of transparency
That's why #Decentralization is the one core principle

That no Layer 1 blockchain should compromise

Compromising on #Decentralization takes away the whole value proposition of public blockchains

Now let's move to the facts and metrics comparing #Ethereum and #Cardano
Read 29 tweets
Sooraj Profile picture
Nov 3
What I really appreciate about @ravanave is his no-BS approach

And making it clear what capabilities #Cardano the L1 should provide

To enable a thriving ecosystem on #Cardano
These are valid criticisms that actually hamper the implementation of cutting-edge dApps on #Cardano

Rather than focusing on building an L1 that is a "Jack of all trades but master of none."

#Cardano could profit from enabling an environment where L2s, like @fuellabs_, could provide unique execution environments

and enable a thriving dApp ecosystem!
Read 4 tweets
Sooraj Profile picture
Oct 30
So here's the first edition of #ThisWeekInCardano

This will be the first in a series of threads that will be published every Sunday

Giving you a summary of the major events in the #Cardano ecosystem

This thread will also feature a project from the ecosystem

Let's dig in🧵👇 Image
#CNFTs are on fire!

NFT trading volume on #Cardano is now the third highest in the entire #blockchain landscape.

forbes.com/sites/mariagra…
Flint Wallet has released a new version (1.23.0)

Flint Wallet on iOS can now support NFTs.

It also now supports animated NFTs.

Very positive news for the UX and user adoption

This feature comes now as apple has removed the restrictions regarding the involvement fo NFTs!
Read 16 tweets
Sooraj Profile picture
Oct 24
Running a full node is the most trustless, censorship-resistant & decentralized way to interact with a blockchain

But what if you can enjoy the same benefits by running a light client of #Cardano on your phone

Yes! that's where we're heading

Here's a thread on Mithril🧵👇 Image
What will you learn from this thread?

• The difference between a full-node and light nodes

• Why it's hard to scale the current networking layer of blockchains?

• What is a Stake-based threshold multisignature scheme (STM)?

• Components, Design & usecases of Mithril
What is Mithril?

Mithril is a lightweight solution that enables even mobile devices to run #Cardano nodes that fast sync using blockchain snapshots

It's named after a fictional metal in Middle-Earth that is very lightweight but immensely strong
Read 48 tweets
Sooraj Profile picture
Sep 28
The proposal Daedalus Turbo is actually infeasible in the current state, which got funded

The step involved in the #ProjectCatalyst to prevent such an event is the proposal finalizing stage

Where veteran proposal assessors (vPAs) give green light to proposals for voting stage
Daedalus Turbo just got funded for building a technically infeasible product

Total funds allocated USD 759000

That is 6% of the total catalyst budget, allocated to a team/person with no experience in #blockchain development
Even after #CardanoCommunity, red flagging this proposal way before the voting stage, through informal channels

The lack of accountability and the technical knowledge of vPAs actually resulted in this proposal getting funded
Read 7 tweets
Sooraj Profile picture
Sep 22
#Cardano just embraced the #Vasil upgrade

Its the right time to look back at the groundbreaking successes of #Cardano

A novel consensus protocol based on Proof of stake (PoS) is one of them

So let's compare & contrast the PoS of #Cardano with PoS of #Ethereum 🧵👇
Since the #Shelly upgrade in 2020,

#Cardano is running on a PoS-based consensus protocol named Ouroborus

It is the first provably secure PoS-based consensus protocol

and the 1st blockchain protocol based on peer-reviewed research

Running without a glitch for the past 2 years
After years of development,

the Ethereum Merge happened on September 15, 2022

The transition from PoW to PoS was enabled

by merging the old PoW Ethereum mainnet with a separate PoS-based blockchain called the Beacon Chain

Which now exists as one chain
Read 30 tweets

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