Luganodes Profile picture
Mar 22 9 tweets 4 min read
1/
Recently, @NEARProtocol announced the launch of the first of-its-kind Blockchain Operating System (BOS)🔗

The operating system creates a shared layer for discovering & exploring open web resources, making it easier for users to navigate the decentralized web🌐
🧵👇 Image
2/
What's truly groundbreaking about #Near Protocol's operating system is its interoperability🔄

It's compatible with any #blockchain or web2 backend, allowing users to seamlessly switch between different applications and chains without interruption.
3/
Additionally, the system provides developers with the ability to create decentralized & composable frontends.

They can combine different components & add-ons with built-ins like payments, profiles, & notifications, all without needing to host them on a separate server🖥️
4/
Near Protocol's co-founder, @ilblackdragon, says that the new operating system provides a platform for developers to showcase their apps to a large audience of users, similar to how iOS provides a platform for app developers🧑‍💻️
5/
The platform also offers all the necessary infrastructure & services for building apps, enabling developers to easily integrate their apps into the system essentially providing them with a platform for both development and distribution
6/
The protocol has seen a ten-fold increase in key metrics over the past year, including the number of transactions, active monthly wallets, on-boarded projects, developers, & ecosystem investment🚀
7/
With this, #Near becomes more than just a blockchain and takes a step towards delivering web3 to a mainstream audience

Its interoperability and focus on improving the user experience make it a game-changer for the entire #web3 ecosystem🛠️
8/
We're excited to see what developers will build on top of the Blockchain Operating System, and how it will continue to push the boundaries of what's possible in the decentralized web🌐

Learn more 👉 near.org/blog/near-anno…
9/
We are proud to be one of the leading validators on Near with 99.99% uptime, #stake your $NEAR tokens with @luganodes and help us secure the network while earning rewards today💰

Here's our step-by-step staking guide to help you with the process👇
medium.com/@luganodes/nea…

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More from @luganodes

Mar 9
1/
The staking industry has grown to a whopping ~$152 billion, with #Ethereum leading the charge with the recent shift to PoS consensus🌐
But what if we told you that stakers could do more than just earn revenue from validating Ethereum transactions?

Introducing @eigenlayer🧵👇 Image
2/
EigenLayer is a "restaking" protocol that lets $ETH holders stake & earn higher returns by performing additional tasks beyond just validating transactions

According to its founder, @sreeramkannan, "it is an extension protocol that extends the scope of what #Ethereum can do"🚀
3/
EigenLayer provides middleware solutions that aim to raise economic security to Ethereum levels🔐

But what is middleware, you ask?
It's a software layer that connects different software components and services to create a seamless experience.
Read 10 tweets
Jan 13
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) 🔗
Read 11 tweets
Jan 12
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👇
2/
#Ouroboros is the Proof-of-Stake (#PoS) consensus mechanism used by the #Cardano #blockchain.

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🎰
Read 9 tweets
Jan 11
1/
Hey👋 @0xPolygon Fam💜

Yes, we are very excited for the #zkEVM final testnet before the mainnet😇

Looking forward to the space!

Here's a short thread for our community to brush up basics of #zkEVM 🧵👇
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 👨‍💻️
Read 4 tweets

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