What is #Sharding and which #blockchains are utilising this incredible technique?

This crypto guide as well as other free guides & project reviews can be read more clear on my website:
altcryptotalk.com/crypto-guides/

1/ 🧵👇
2- There are so many #blockchains using different technologies and processing methods to create the most sustainable and scalable #blockchain. One major problem we will have in a world where #Cryptocurrency is adopted would be network congestion...
3- One special technique called #Sharding, used by a handful of popular #blockchains like #Zilliqa, #Polkadot & #NEAR, believes that sharding is the most efficient method of creating a scalable #blockchain!
4- Put simply, #Sharding is simply a technique which divides the blockchain's entire network into smaller fractions, called 'Shards'. Each of the Shards is made up of its own data, independent but can still communicate with other Shards.
5- The Sharding technique allows the network to increase the overall scalability of the #blockchain, allowing more users to access and interact with the network at any given time.
6- Sharding has incredible benefits but has some security issues. For example, if each Shard is replicated as its own #blockchain and has user data, a hacker could take over one shard and infect the whole network...
7- The Sharding process is used by many successful #blockchains. If you would like to read about these Sharding Networks, check out my website which will be left in the final thread!
9- That's it for now, thanks for reading!

Hope you guys enjoyed it and learned something!

Follow me - @AltCryptoGems for more content and have a look at my website for more free crypto alpha: altcryptotalk.com

Join the Discord: discord.gg/AltCryptoTalk

#NFA #DYOR

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More from @AltCryptoGems

Dec 15
What is a #DAO and how is it shaping the future of #Crypto and #finance?

This crypto guide as well as other free guides & project reviews can be read more clear on my website:
altcryptotalk.com/crypto-guides/

1/ 🧵👇
2- The whole #Crypto #DeFi community believes in a decentralised space with no centralised entities governing their finances. Users in the #DeFi world have complete control over their #crypto but do they have control over the future of the protocols they've invested in?
3- In some cases, yes! It is called a #DAO, which stands for 'Decentralised Autonomous Organisation'. A #DAO allows the community to make every future decision regarding the protocol through proposals and voting!
Read 7 tweets
Dec 14
Have you ever heard of Goldman Sachs before? I'm sure you have because they are one of or if not the largest investment banking firms in the world and now they are looking to splash some cash in the #crypto market after the #FTX crash...
2- As we all know the #FTX crash brought down the price of many #cryptocurrencies if not all of them and those with eyes will see an opportunity...
3- In this case, #GoldmanSachs have spotted a major opportunity within the #crypto markets. However, we do not know which #cryptocurrencies they have their eyes on and will we notice the pumps in the #crypto they choose to invest in?
Read 5 tweets
Dec 14
Join us as we dive into the ultimate #Metaverse #Blockchain...

@Klaytn_Official

This project review as well as other reviews & free crypto guides can be read more clearly on my website: 🔽
altcryptotalk.com/crypto-guides/

1/ 🧵👇
2- @Klaytn_Official is a hybrid open-source blockchain that launched in 2019, with a mission to shake the #gamefi and #metaverse space. The creators of #Klaytn are behind South Korea's largest internet company, #Kakao!
3- The #Klaytn #blockchain works differently from other major networks like #BNBChain, #Polygon or #Ethereum as they generally use one main consensus mechanism such as Proof-of-Work (PoW) or Proof-of-Stake (PoS).
Read 16 tweets
Dec 14
All the money that's been donated to these HUGE charities around the world, yet we are still fighting starvation. How is this possible?

If only we could track the money... If it was #Crypto we would be able to...🤯

1/ 🧵👇
2- Did you know that roughly $2.3 Trillion is donated to Charities around the world?

Realistically, after one year of donations there should be no more starvation, right?
3- Well without pointing fingers directly, we could definitely say that all the money isn't reaching the people who truly need the donation.

That's where the #Blockchain comes in.
Read 6 tweets
Sep 15
The World's first Sharding-based Blockchain...

Meet @Zilliqa!

Here's an extensive project review! 🔍

All my info, blogs, crypto guides & much more can be found on my website 👇
AltCryptoTalk.com

#NFA #DYOR #CRYPTO

🧵👇
@Zilliqa first launched in 2017, as they saw other blockchains struggling with one major problem, scalability. That is where 'Sharding' comes into play...
#Zilliqa's very own engineering team also created a programming language, 'Scilla' which is supposed to guarantee the safety of smart contracts by limiting the exposure to attacks on the blockchain.
Read 14 tweets
Sep 15
Here are the most important events that happened in the past week in #Crypto, all summarized!

If you're aware of these events, you're absolutely UP TO DATE with #crypto!

Let's get started!

1/ 👇 Image
2/
- Ethereum merge to proof-of-stake occurred successfully on 15th September.
- Opera crypto browser integrates MetaMask ahead of Ethereum merge.
- Starbucks offers an NFT-base loyalty program using Polygon's Blockchain Technology.
3/
- Major Ethereum mining pools like F2Pool, Poolin, BTC.com and Nanopool will support EthereumPoW after the merge.
- Bahrain central bank set to test Bitcoin payment processing solution.
- Bitcoin price falls $1K in few minutes as US CPI inflation overshoots.
Read 7 tweets

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