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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🌐
🧵👇
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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🌐
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💰
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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?
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.
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) 🔗
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👇
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🎰
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 👨💻️