The hottest feature for the next generation #L1s and #L2s that you don't know about.
💡 Parallel processing
Thread
◼️ Parallel processing is used in high-level computing and brought to the blockchain for effective message communication and execution within the framework of blockchains.
#Parallelization is an approach to scalability & effectivity that considers programming languages, virtual machines, underlying architecture, consensus algorithms, etc.
Parallel computing is mature in Web2, but it is still in its early stages in the blockchain.
Unrelated transactions are simultaneously processed on different cores on the same CPU!
◼️ A scalability solution that can be adopted by any L1 or L2.
Other designs see messages happen to add an additional layer of communication.
#Aptos and #Sui differ slightly in how they handle parallel computing.
For example, #Sui classifies transaction objects by a cocktail of DAG and BFT consensus.
∥ Parallelized computing is not only reflected in the increase in TPS, as the existing smart contracts are only suitable for serial execution.
It can also enable messaging within the blockchain. Meaning communications that do not necessarily compute as on-chain transactions.
🪂 One example is when a game needs to update events that often happen without paying gas for each update.
This sets the path toward fully on-chain games.
Yet to witness the best of what parallel computing is capable of in the future, most Dapps should be in line with the characteristics of parallel computing.
⛓ @solana has “Sealevel”, #Solana’s parallel smart contracts runtime feature enabling their high TPS count.
⛓ @SuiNetwork has leaped scalability by enabling “parallel agreement” on causally independent txs.
⛓ @fuellabs_ uses the FuelVM with the UTXO model, enabling transactions to run in parallel by using "state access lists" to find transactions that depend on each other.
⛓ @Aptos_Network has their Block-STM: Enabling an alleged execution of 160k TPS.
An academic approach pioneered by Software Transactional Memory (STM)
All of these #L1s achieve a parallel execution engine that extracts the most inherent speedup achievable.
💡 Parallel processing/computation is the feature for the new level of blockchains, the future of #L1 chains.
In this thread, I will go through:
🗣
1️⃣ Modular VS Monolithic.
2️⃣ What Fuellabs is.
3️⃣ The FuelVM.
4️⃣ Parallel transaction Execution.
5️⃣ Sway Language.
6️⃣ The Modularity.
7️⃣ Fuel as a L1.
8️⃣ Fuel as L2.
1️⃣ First: What do "modular" and "monolithic" mean?
🧩 Modular: A flexible arrangement composed of software or hardware modules that can be altered or replaced without affecting the remainder of the system.
🗼Monolithic: Characterized by massiveness, rigidity, or inflexibility.
Terra´s stability mechanism was judged to be safe based on theoretical grounds and findings from simulations. Simulated cyclicality (macro) and volatility (micro) market conditions (Terra Stability v1.0). A stability paper was done created by the Terra team said:
“Our findings based on 100 different stress settings and 1 million years of worth of simulations indicate that Terra has a high resilience to both forms of stress.”
Only problem is that it's almost impossible to accurately simulate market conditions... 🤡
Simulations can be good for analyzing specific scenarios in events with few conditions. The more conditions or factors there are in a simulated environment, the harder it becomes to predict certain events.🧐
Sanbase from @santimentfeed is the most valuable trader and behavioral analysis tool for crypto, and you may not have heard about it.
Read this thread for a brief introduction to it! 🔓😋
1/10
I stumbled upon Sanbase randomlt due to my research on behavior & cryptoanalysis. Sanbase is perfect for you if you are interested in this as well as metrics, data and research from the blockchain. You may ask, why does Sanbase stand out?
2/10
If you want to understand what is happening with a specific crypto asset, Sanbase is perfect for that. Sanbase stands out because it's a free-to-use behavioral analysis charting platform for cryptocurrencies with unparallel data available.
Loopring and Kadena have the best tech in the crypto space.
Loopring is the best L2 and Kadena is the best L1.
This is not a subjective opinion, this is a fact. Technology speaks for itself.
It is not theoretically the best. It is the best. They have acheived maximum standards in their fields. Can you get more scalability than infinite scalability? Can you get more secure than PoW? $KDA
Can you get faster transactions as a L2 network than instant transactions? Can you get cheaper transactions than free? Can you get a better L2 also facilitating a decentralized order book model combined with AMM which has super low fees in an IOS app where the UI is perfect? $LRC