1/ As crypto continues through the bear market, #Bitcoin's identity as an inflation hedge, store of value, and a maturing institutional asset have wavered.
However, a new narrative has emerged through a feature made possible following the #SegWit and #Taproot upgrades. 👀🧵
2/ Soft-fork upgrade Segregated Witness (SegWit) made it easier and cheaper to store large amounts of data, while Taproot removed the constraints on the amount of data that could be included in $BTC transactions.
3/ A new NFT protocol built on top of #Bitcoin emerged from this combination, called #Ordinals.
In just under three months, there have been over 342,000 inscriptions posted on Bitcoin, comprising images, text, videos, applications, audio, and models.
4/ What impact have inscriptions and #Ordinals had on #Bitcoin's baselayer?
Inscriptions have represented 6% of TX fees.
Average Bitcoin block size grew by 71% in the last month.
And Bitcoin mempool experienced a surge in activity related to inscriptions.
5/ For an in-depth look at #Bitcoin inscriptions and ordinals, the impact of inscriptions on Bitcoin's baselayer, and sovereign rollups on Bitcoin 👀 , check out the full Pro report from @Old_Samster. messari.io/article/inscri…
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1/ The tradeoff of public blockchains is the consequent lack of privacy.
@RAILGUN_Project enters the space as an on-chain privacy solution that utilizes zero-knowledge (ZK) cryptography to enable private asset storage, transactions, and smart contract calls across base layers.🧵
To use RAILGUN, users must first “shield” their assets.
Users send assets to their public RAILGUN 0x address where they can then funnel said assets to RAILGUN’s privacy pool making their particular tokens unidentifiable.
3/ To transact within the RAILGUN Privacy System, users broadcast encrypted information paying fees to a Relayer, who acts as the public intermediary by submitting transactions to the underlying blockchain.
@RAILGUN_Project efficacy depends on the total value held in the system.
1/ The current scientific research landscape often prioritizes reputation at the expense of transparency and innovation.
Enter the decentralized science (DeSci), an approach aimed at fostering open collaboration and scientific progress.🧵
2/ What's wrong with the current scientific research ecosystem?
Problems can be broken into three pillars:
+Centralized Decision-Making and Funding
+Poor Methodology and Data Transparency
+Unincentivized Review and Gate-Kept Publishing
3/ Open Science sought to resolve these issues with its commitment to open and FAIR data, manuscripts, and collaboration.
While a step in the right direction, additional coordination, incentivization, and verification tools are needed to bring in the next wave of open research.
1/ Quantitative models can be powerful in advancing our understanding of the incentives and tokenomic mechanisms employed.
Originally designed to disincentivize reward farmers, @Balancer's vote escrow tokenomics create a unique relationship between $BAL price and veBAL Yield. 🧵
Balancer is a DEX that allows liquidity providers (LPs) to create liquidity pools where users can deposit assets for Balancer Pool Tokens (BPTs), which track their share of the pool.
Traders can interact with these pools for a fee.
2/ @Balancer created boosted pools to increase capital efficiency for LPs.
Boosted pools enable depositors to earn yield from both trading fees as well as interest.
For each dollar of fees paid, LPs get $0.50, the DAO treasury gets $0.175 and veBAL lockers get $0.325.
1/ Once considered one of the most promising developments in the L1 space, #EOS failed to live up to early expectations.
Under the direction of the @EOSnFoundation, #EOS has found new life with plans for a consensus mechanism upgrade, EVM solution, & a renewed growth strategy.🧵
2/ Let's start by looking at the #EOS's tech stack.
~Consesus
#EOS is a Byzantine Fault Tolerance (BFT) based blockchain that uses the Proof-of-Stake (PoS) variant Delegated PoS (DPoS), allowing $EOS token holders to delegate their tokens to block producers (BPs).
3/ ~Computation
#EOS currently writes smart contracts in C++, with SDKs for Rust, Go, and AssemblyScript.
Developer teams are also building an EVM solution that supports Solidity.
1/ @ArweaveEco's focus on providing a solution for users looking to store data permanently has created a unique market opportunity, setting it apart from established cloud storage providers like @amazon and @Google.
Let's explore its use cases and the factors driving demand.🧵
2/ @ArweaveEco connects people who have hard drive space with users looking to store data permanently.
Arweave uses a blockchain-like structure called a blockweave, to enable scalable on-chain storage and a data structure called the "Weave" to store data permanently.
3/ Looking at demand, @ArweaveEco's "Weave" expanded by 135%, reaching 134 TB over the past year.
While this growth may seem insignificant compared to Filecoin's growth of 1390% to 687,900 TB of storage in the same period, @Filecoin is focused on temporary storage.