Dany Eid Profile picture
Apr 1 8 tweets 9 min read Twitter logo Read on Twitter
1/8 "The @federalreserve used to have #gold and that became dollars. We're reinventing that for the digital age where the currency comes out of this asset and we own it" 18:20, 38:25
@CormacKinney CEO @DiamondStandard @hedera $HBAR $BCC $BCB #BitCarbon
2/ "The next exciting thing we're launching is a breakthrough currency called #BitCarbon...Each BitCarbon is 1/10,000th of a coin and if you're a business and you accept BitCarbon as payment, you can always cash it in for a coin, and there's no fees" 18:25
3/ "The users, we think, will choose the platforms that have lower transaction costs, but we don't make that choice for them. So BitCarbon will be coming out later, I think later this year and we think it'll be a major breakthrough" 54:05
$HBAR #BitCarbon
youtube.com/live/EkHkEKFG0…
4/ Game-Changing Hashgraph Token

#Hedera #Hashgraph is a distributed ledger that utilizes the fast, fair, and secure hashgraph consensus, a better alternative to #blockchains

⭐Delivered as a standard fungible token transacted on the Hedera network

diamondstandard.co/how-it-works
5/ "The chip stores a #blockchain token. That token is physically burnt into the computer chip and while this is sitting at Brink's, you and I can trade the key to that token, and just like #Bitcoin whoever owns that #token, they own this asset" 38:05
6/ "This exchange is completely #blockchain based. That has a couple of benefits, number one, there's no middleman...This is what's called a peer-to-peer marketplace...And also because it's very efficient on the blockchain there's no fees" 9:55
$HBAR $USDC
youtube.com/live/g7kORcxbF…
7/ "The speed, scalability, and security of the #Diamond Standard Spot Market was significantly enhanced by Diamond Standard’s recent migration to #Hedera"

diamondstandard.co/blog/the-benef…
8/ ICYMI, earlier tweets about Diamond Standard and the involvement of @opencrowd

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More from @DanyEid_

Mar 30
1/5 "The 1st one we're working on with them is a digital version of their multi-billion dollar Money Market Fund...We're also working with them on a range of #crypto ETP" 17:50
@simonbarnby CMO @ArchaxEx about the partnership with @abrdn_plc
@hedera $HBAR
Image
2/ "The custody solution supports around 20 different #blockchains, but in terms of where we're seeing usage, I mean still a lot of people are using #Ethereum, #Polygon, #Tezos, #Algorand, #Hedera, #Avalanche. I guess they're kind of the main chains" 15:35
youtube.com/live/4qAsPq_oS… Image
3/ "We're driven by client demand as to, you know, what chains we support. At the moment it's kind of #Ethereum, #Polygon, #Tezos, #Algorand, #Hedera, #Avalanche. I mean, they are frontrunners and those are the ones we're focused on for custody" 44:30
youtube.com/live/kPh-iVP0B… Image
Read 5 tweets
Oct 8, 2022
1/8 "#Ethereum only operated at 1.1 MGps...@Hedera wanted to do something more on the order of 15MGps...It's like 400 tps just on the #smartcontracts...For comparison, if you wanted to use #HTS natively, they can do 10,000 tps" $HBAR
@shemnon @hyperledger
2/ "#Hedera has a very rich and complex fee schedule and they make sure to charge you exactly for what you're using...We're introducing the notion of state rent...Something that's probably gonna ship in early 2023...It's gonna have a positive effect on the EVM integrations" 16:25
3/ "Hedera Token Services...It's a ledger native #token that has no interaction with the #EVM, it exists as a #Hedera concept, you can do 10,000 tps on these if you're using the #HAPI, and there's low fees, it's like $0.0001 to transfer tokens from one person to the next" 18:35
Read 8 tweets
Oct 7, 2022
1/4 "One way that #Hedera has that does this public/private type mix-up...We have a pluggable HCS consensus layer for @hyperledger. We can take the services of the Orderer and we can map that onto a Hedera consensus topic" 8:20
@shemnon on Hybrid networks
2/ "Organizations are starting to track their internal sustainability...
We're doing some work with the #Hedera network right now with some companies on establishing this for recyclability and as well as responsible sourcing initiatives" 17:30
@shyamnagarajan member BOD @Hedera
3/ "For gas fees on #Hedera, our fees are fixed to fiat. We have exchange rate on-chain that will move the cost in $HBAR to what the fixed fee is, so if it's gonna cost you $0.001 to do a transfer, it's always gonna cost you that converted amount within a day's fluctuation" 28:05
Read 4 tweets
Sep 17, 2022
1/9 "We're starting on #Hedera. @deutschetelekom, @tata_comm & @IBM are all GC members...It's really suitable for global high volume throughput need for fast certainty and finality, and lower transaction fees" 41:25 $HBAR
@BartrWorld on @SheeshaFinance_
2/ "Launching the #token on #Hedera is number one and native wallet support thereafter. We alluded to bringing usecase functionality, shipping that as soon as possible in within the bands of engineering roadmap and we're working in an agile sprint structure"
$LYR.A $LYR.X $HBAR
3/ "So the first thing we'll be looking to do the GDEX version, 1st version of GDEX, which will include LP staking, which allows, you know, basic staking and rewards to bring liquidity into the wholesale space" 42:15
Read 9 tweets
Sep 16, 2022
1/8 "People have talked about using multisigs on your account "Social Recovery"...There's huge problems. What you really need is Decentralized Recovery. We're doing this open source, open standards " 6:28
@leemonbaird #Hedera's 3 Year OA Anniversary $hbar
Image
2/ "The mission is basically to work with our council members and their partners, bringing in usecases that, you know, they're looking to build out via our Enterprise Accelerator Program...Our mission is basically to get them to market" 7:50
@gastwa Chair of Corporate Com #Hedera
3/ "Our new board member @moniquejmorrow...She is coming to be our invited expert in a Telecom specific CorpCom...She'll be talking about the industry landscape with her deep expertise...We actually have 2 usecases that we're gonna be talking about" 15:45
Image
Read 8 tweets
Dec 30, 2021
1/15 Avalanche Consensus uses a DAG data structure, runs on the X-chain, a no Smart Contract network with a simple "Account to Account" Token Transfer VM. This Consensus Mechanism is unable to do a total ordering of transactions. So is it really Distributed Consensus? 🤔
2/15 Avalanche figures out that its Consensus is unable to totally order transactions, a requirement for Smart Contracts. They spin out a SC C-chain, throw the DAG away, and create Snowman Consensus on a linear #blockchain.
Easy right? One block over another. Order solved 😊
3/15 Oh but wait! What if 600 nodes are gossiping at the same time. Which block should we append at height X?
That's easy too! Throw the Leaderless part in Avalanche, upgrade to Snowman ++ so you wouldn't need to do extra work to achieve consensus as Prof. Sirer confirms below.
Read 15 tweets

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