DBCryptoX ⚡️ Profile picture
Feb 26 13 tweets 7 min read
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 🙌

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More from @DBCrypt0

Jan 28
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
Jan 26
1/ Possibly the hardest thing to do when investing is to take emotions out of the equation

We all have been guilty of this and I catch myself daily letting emotions take over

Let’s look at some ways this may have an impact and what you can do…🧵
2/ BEING GREEDY:

Probably the most common and one many, including myself, learn the hard way

“My token is up 2x but 3x sounds much better. I’ll hold a little longer…”

Sound familiar? Yeah, I thought so.

How can you avoid this? 👇

#Crypto #BTC #ETH
3/ One suggestion is to go into every trade/buy with a plan

Buy token xyz at $10? Maybe plan to sell some/all at $15 even if you feel it may go $20+

Think like a trader even if you are a long term #hodler

Things move too quickly in the space. Make a plan and stick to it 👇
Read 14 tweets
Jan 26
You HAVE done a lot of good things for the space. Anyone who denies that is blind or so jaded they refuse to see it. But your donations/promos have shown that to be true.

What gets me is how you handle or respond to many situations. You know MAXC was messed up. Instead of…👇
2/ trying to explain it or make excuses, which may be valid, you should just own up to it and apologize.

What was done will have an impact on the community and many won’t be able to move on probably. But seeing you laugh about it and crack jokes makes it worse. 👇
3/ A simple apology would carry much more weight for those that still have/had any respect for you.

I’m undecided and honestly still not sure what to think because I have seen the good with the bad.

Plus I like to give people the benefit of the doubt. Fool me once though…👇
Read 4 tweets
Dec 20, 2022
1/ Why am I so bullish on #MultiversX formerly @ElrondNetwork and the team?

Let me paint a picture 🌠

Imagine your current top performing ⛓️ as a building. A skyscraper even. 🗼

Let’s use #Eth and #Sol as an example

They are some of the worlds largest and most impressive…👇
2/ BUT the foundation they are built on cannot sustain much more growth without support

Support in the form of L2’s or powerful computers to validate the network

They are nearing their limits or will be soon hence #ETH 2.0…

Problem with this as we have seen is…👇
3/ that trying to rebuild the foundation to support more growth, ie. #ETH 2.0 takes YEARS and a TON of work 🛠️

This is NOT ideal and will create future bottlenecks 😬

Many will argue the case for L2’s here but they have their faults and issues as well

That’s for another 🧵…
Read 11 tweets
Dec 4, 2022
1/ The reason why you should NOT ignore #MultiversX

🚨 Before reading please know anything shared is NOT an opinion. It is fact and backed by data 🚨

The reason you may not have heard much about #MultiversX formerly @ElrondNetwork is 🧵

@egld_initiative #Elrond
2/ because they were primarily self funded. Their seed round July 15th, 2019 raised $1.9mill

Another $15mill in 2021 and $40mill raised in 2022

Let’s compare:

#Solana $400mill +
#DOT $300mill +
#Cardano $160mill +
#Avax $600mill 🤯
#Elrond $67 mill

Why does this matter? 👇
3/ Unless you have been living under a rock lately you know that VC’s manipulate markets *cough* #FTX #Alameda

They only care about hyping and pumping their own bags

To keep from being heavily VC controlled #Elrond limited their early investors 👏

#MultiversX 👇
Read 14 tweets
Dec 2, 2022
1/ #NFTs on #MultiversX are unlike any other NFT’s 🚨

But why? Not because of the art or utility but because of the ownership aspect

You may have heard someone from the #Elrond community mention that #ElrondNFTs provide true ownership

What does that mean though?

Read on 👇 Image
2/ #NFTs on #MultiversX are issued as ESDT tokens with metadata on top

#Metadata is what gives the #NFT the traits, name, rarity, etc.

Having the NFT’s issued as tokens in this manner allows them to be stored and transferred same as any token in your wallet, ie. #Eth, #BTC 👇
3/ How is this different?

Well #NFTs on #Ethereum and most ⛓️’s are issued basically as data in a smart contract

So that #BAYC you “own”, well it is just info added to the SC and ⛓️ saying you are now the owner 🤔

Ever wonder why #Metamask doesn’t always show your #NFTs? 👀
Read 6 tweets

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