DBCrypto⚡️ Profile picture
Feb 26, 2023 13 tweets 7 min read Read on X
1/Yesterday #Solana had another 20 hour outage 🤯

Just one of about a dozen times the ⛓️ has gone down. But why? 🤔

All part of a massive design flaw that I will try to break down in this 🧵

So let’s get into it…
2/ #Solana as well as a couple other ⛓️ handle all their consensus on-chain

What this means is all validator communications are done on ⛓️ as a tx

This inflates the transaction volume as well as TPS

See the tiny pink part of the bar graph?

That’s ACTUAL transactions. 👀
3/ The teal part is validator messages/votes and typically makes up 90-95%

Crazy, right? 🤯

So when #Solana mentions they are doing 4K TPS just know less than 10% are ACTUAL transactions on the network

Transaction meaning doing a swap, sending/receiving, minting, etc 👇
4/ So why do validators send messages?

Well this is how a network determines consensus. Validators communicate and “agree” on what is proposed

So if you perform a swap the validators communicate to agree it happened and to then update your balance

Simplifying it but still…
5/ The problem with #Solana, well one of many, is they handle consensus on-chain

So all validators messages show as tx, help bog down the system, and worse…

Can’t take place when the chain is down! 😂

When the chain goes down which happens all too often…👇
6/ the validators need to go off chain to begin discussing what to do!

Where do they go? Discord! 👀

They then need 66% of validators I believe to agree on a solution to get back up

But what if many aren’t available? Maybe sleeping or just unavailable? 🤔
7/ Well this is what leads to a 20 hour outage of the network! 🤯

Relying on your validators to be available and responsive requiring extra work

All because your network gets overloaded or has bugs

#Solana just doing Solana things
8/ This is also an issue because it creates insane amounts of data for full nodes

Now most nodes only store a portion of the blockchain history because #solana uses an account based model

Only needing to store balances of accounts

BUT, every chain has many FULL history…
9/ nodes and those store the entire history of the ⛓️

In #Solana case that means millions upon millions of unnecessary validator messages!

Part of why it requires a data center to run a full history node! 🤦‍♂️

#Hedera also operates the same way which is why they have crazy #’s
10/ Sorry to break it to all the #HBARbarians but the majority of tx are unnecessary

Just as they are on #Solana

$HBAR only does around 3-5 TPS on average

All can be verified on the explorer 👀

hashscan.io/mainnet/dashbo…
11/ Anyways, this was about #Solana

Hopefully this helps clear things up a bit

Unfortunately this is just 1 of a handful of flaws and issues such as…

Faked TVL, misleading marketing, unaccounted for tokens

Oh, and being backed by the biggest scammer in #crypto
12/ I don’t make these threads to FUD but to help educate while learning myself

It is important to DYOR and not just follow the hype otherwise you end up buying the top or investing in a scam

Once you understand how things work you can make better decisions

Thanks for reading!
Thank you to @ClassicMain for helping break down some of the specifics for me so I can make it understandable for all 🙌

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with DBCrypto⚡️

DBCrypto⚡️ Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @DBCrypt0

Aug 6
1/ MultiversX is arguably the most advanced blockchain in the world 🚀

But a common question I have seen lately is:

“If it’s so good how come I haven’t heard much about it?

This is such a great question and one in which I have an answer for!

Read on 🧵
2/ In my view, the answer breaks down into three key points:

First, @MultiversX was formerly Elrond Network

In Q4 2022, the team rebranded to better reflect their vision and potentially for trademark reasons

Word is Frodo filed a complaint 🤷‍♂️
3/ This shift, while necessary, came at the cost of brand recognition

Side point: It's not a Metaverse-centric chain, at least not how you might imagine

Our notion of the "metaverse" is pretty narrow, shaped by movies such as Ready Player One

But that's for another thread…
Read 17 tweets
Sep 18, 2023
1/ I have used over 20 ⛓️ extensively and researched well over 50

I have used 6 ⛓️ just this past week and have 18 wallets on my phone right now

Only 1 keeps me coming back and I feel is truly preparing for adoption

Hint: It’s not $ETH $SOL $ADA $DOT $AVAX $BNB Image
2/ It is @MultiversX 💯

I am NOT a maxi

BUT I do have strong opinions and thoughts on MANY projects

Why? 🤔

Because I research anywhere from 4-8 hours a day

You could say it is my “job”

There is a decent chance I may know more about your favorite top 100 project than you do
3/ I don’t say that to toot my own horn but to show I’m not a fanboy living in a bubble

Yes, I have probably used your favorite ⛓️ a lot if it has been out a year+

I’ve also probably used your favorite dapp/wallet

No, I don’t think it’s better than @MultiversX or @xPortalApp
Read 25 tweets
Jun 22, 2023
1/ 🚨BREAKING🚨

@elonmusk endorses @MultiversX and @xPortalApp 🤯

#HyperGrowthX #TruthMachine #MultiversX #EGLD
2/ Or does he…🤔

Truth be told, that video is AI generated but maybe you could tell since my skills aren’t the best 🤷‍♂️

The video was made with some simple yet powerful and FREE AI tools

By an amateur…

Now imagine what a professional can do 🤯

#TruthMachine
3/ You have probably even seen some professional videos but may not know it! 👀

Why did I make it? 🤔

So we can begin talking about why blockchain is crucial for our future

As well as why @MultiversX is setup to lead the way

This is where the #TruthMachine comes into play...
Read 35 tweets
Jun 20, 2023
1/ Promoting tweets or sending a tip to your favorite content creator has never been easier

Thanks to @pulsarmoney this can be done with a simple command

⚡️No wallet address needed
⚡️No name/phone number

Simple as:

@pulsarmoney send 100000 MEX to 50 retweets

@MultiversX ⚡️
2/ Born out of the @bucharestHack from a challenge set forth by the @MultiversX team

A challenge that the team crushed in my opinion! 🔥
3/ But @pulsarmoney goes WAY beyond just simple Twitter payments

Let’s go over everything that can be done with this amazing 🛠️

Keep in mind it has only been out a few weeks and is getting more powerful every day! 💪
Read 12 tweets
Apr 4, 2023
1/ Nearly every non-native #ERC token including ALL #NFTs are FLAWED! 🚨

Yes, that includes most on #EVM compatible ⛓️

#ETH tokens FLAWED
#SOL tokens FLAWED
#BSC tokens FLAWED
#XRP tokens FLAWED
#AVAX, #FTM, #MATIC, #HBAR, #TRON all flawed!

You get the idea…

But why? 🧵
2/ Well first, unless you are brand new to #crypto then you’ve heard of a wallet being drained from interacting with a token/#NFT

Someone sends you an #NFT. You try to sell it or even burn it. Poof all your #crypto is gone! 🤯

WTH just happened?!? Read on…📖
3/ #ERC tokens are specialized smart contracts NOT actual tokens

This includes ERC-20 and ERC-721 tokens

So every token action be it fungible or non-fungible requires interaction with a smart contract
Read 20 tweets
Jan 28, 2023
1/ The #1 marketplace on @MultiversX by a LARGE margin has MASSIVE plans for 2023

Doing nearly 90% of the #NFT volume @xoxnoNFTs has quickly become a juggernaut 🔥

Building faster than any MP in #crypto 🛠️

Here is what they have coming for 2023…🧵

#XOXNOToken #NFTs ⚡️
2/ But first let’s look at who/what @xoxnoNFTs is and what they have accomplished so far

Having been around for just over 1 year the team is building at an insane pace 🤯

So much accomplished in 2022 with such a small but mighty community…
3/ WHY THEY ARE #1:

@xoxnoNFTs has…

⚡️Buy/Sell/Swap/Auction
⚡️Send/Receive offers
⚡️Global offers w/trait filtering
⚡️P2P and community chat
⚡️FIAT payment integration
⚡️Marketplace aggregator
⚡️NFT Launchpad
⚡️NFT Staking
⚡️Browser/Email notifications

All in 1 year! 🤯
Read 19 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(