2/ Polygon #zkEVM is a #decentralized@ethereum Layer 2 scalability solution that utilizes zero-knowledge technology to provide fast finality and validation of off-chain transactions 🚀
3/ zkEVM emulates the #Ethereum Virtual Machine (EVM) and recreates all existing #EVM opcodes for transparent deployment of existing Ethereum smart contracts.
It also utilizes zero-knowledge proofs to attest to the correctness of state change computations 👨💻️
4/ With the increasing number of on-chain transactions on #Ethereum, the Layer 1 solution is facing scalability issues
#zkEVM aims to solve this by providing a layer 2 solution that improves scalability & transactions per second while maintaining #decentralization & security 🔐
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1/ The @NEARProtocol's unique architecture & it's phased upgrades are designed to enhance:
📈Scalability
🔐Security
🌐Decentralization
As the network continues to evolve, it will become more efficient & better equipped to handle the growing demands of #Dapps
🧵👇
2/ #NEAR uses a Thresholded Proof of Stake (PoS) consensus algorithm to execute transactions 📝
The network algorithmically sets a minimum validator participation threshold, where validators bid for participation👨💻️
3/
The sharding model used by #NEAR is called Nightshade, which is powerful but also complex 🛠️
One aspect that requires attention is the fork choice rule, which needs to be executed separately for each chain (shard chains and beacon chain) 🔗
1/ The @Cardano ecosystem is one of the most exciting ecosystems out there,
We take pride in being a leading validator & contributing towards the network's security🔐
Here's a short 🧵 to understand the networks consensus & #staking mechanism👇
It allows users to delegate their $ADA to a stake pool operator and earn rewards while still maintaining ownership of their tokens💰
3/ It uses a variant of PoS called Delegated-Proof-of-Stake (DPoS) and divides time into epochs and slots, with each node using a verifiable random function (VRF) to generate a random number to select the slot leader🎰