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The Scope De-Fi Profile picture
@ScopeDefi
May 9 • 11 tweets • 4 min read Twitter logo Read on Twitter
Shimmer is more than just a staging network for #IOTA.

@shimmernet is a fully-functional network in its own right with great utility.

In this thread🧵, we will discuss the various features & use cases of Shimmer👇🏼

$SMR #ShimmerNetwork @iota #iota @shimmernet Image
What I will be covering in this thread:

-Shimmer Network
-Shimmer Ecosystem
-How Shimmer Works: Feeless and Scalable
-$SMR Token
-Conclusion

Shimmer Network

The #Shimmer Network is a staging network for $IOTA and operates as a Tangle-based multi-asset ledger.
This ledger enables users to mint their native tokens and NFTs with the Stardust Tokenisation Framework Protocol Upgrade. This upgrade also allows smart contract chains anchored to $SMR to transact with other chains on the Shimmer network.

Shimmer Ecosystem
@shimmernet is an open and permissionless network with over 70 DeFi and NFT platforms, DEXs, DAOs, and infrastructure projects in its ecosystem.
The $SMR token is a crucial step towards decentralization of the $IOTA network, and it represents the base currency for the entire multi-chain architecture.

How Shimmer Works: Feeless and Scalable
Shimmer's DAG base layer is feeless, which means that native tokens and NFTs will also be feeless and scalable. The DAG is UTXO-based and can handle higher transaction throughput with fast finality times of just 5 seconds.
Shimmer's Token Foundries mint L1 tokens and NFTs with the same security features as $SMR, making them safer than tokens created by exploitable smart contracts in L2 networks.

$SMR Token
$SMR is the native token of the #Shimmer Network and can settle fees on smart contract chains. Additionally, it is used in storage deposits when minting native assets or NFTs on the Shimmer network.

Conclusion
The @shimmernet's fundamentals and use cases are focused on the future of blockchain. Its association with $IOTA strengthens the $SMR token's position, and we can expect intense growth in the Shimmer Network ecosystem.
Get ready for the next big thing in blockchain with Shimmer and $SMR!
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More from @ScopeDefi

The Scope De-Fi Profile picture
May 10
Are you tired of switching between multiple DEXs to buy/sell assets?

Chainge Finance has the solution for you.

Let’s talk about what sets #CHNG apart from the rest.👇🏼🧵

#Chainge #CHNG #crosschain #ChaingeFinance @FinanceChainge Image
What I will be covering in this thread:

-The problem with existing exchanges
-The cross-chain liquidity aggregator
-Chainge versus competitors
-Security and Reliability of Chainge Aggregator
-Conclusion

The problem with existing exchanges
The #crypto market is constantly expanding, with new chains and assets emerging regularly. However, this has resulted in a significant challenge for existing exchanges: a lack of liquidity.
Read 16 tweets
The Scope De-Fi Profile picture
May 10
@SPYCE_5 Launches as the First #IOTA Foundation Spin-Off Entity.

Experience High Scalability & Energy Efficiency with SPYCE.5's Tangle Architecture.

Let’s dive into the new addition to #IOTA’s evergrowing ecosystem👇🏼🧵

#Shimmer #IOTA $SMR #SPYCE.5 @iota @shimmernet Image
What I will be covering in this thread

-Introduction
-Background
-Benefits of SPYCE.5
-Unlocking the Potential of Automation
-Sustainable Web3 as a Service
-Conclusion

Introduction
SPYCE.5 is a new spin-off entity of the IOTA Foundation that offers blockchain and Web3 infrastructure, data, and digital identity as a service for enterprises, builders, creators, and developers.
Read 19 tweets
The Scope De-Fi Profile picture
May 9
Are you tired of the limitations of traditional financial systems?

Ergo is a blockchain platform that prioritizes safety, flexibility, and accessibility.

Let’s dive in👇🏼🧵

#Ergo $ERG @Ergo_Platform Image
What I will be covering in this thread:

-Ergo's Self-Amendable Protocol
-UTXO Model and Transaction Cost Predictability
- Sigma Protocols and Contractual Money
-Storage Rent and Real-World Financial Agreements
-Research-Based Approach and Ergo Mining
#Ergo's Self-Amendable Protocol

@Ergo_Platform is a self-amendable protocol that can absorb new ideas and improve itself in the future.
Read 13 tweets
The Scope De-Fi Profile picture
May 9
Are you curious about the future of smart contract platforms?

Keep reading to learn more about #Kaspa's upcoming smart contract functionality.

In this short thread, I will dive into what this could mean for the decentralized application landscape.👇🏼🧵

@KaspaCurrency $Kaspa Image
What I will be covering in this thread:

-#Kaspa's Smart Contract Framework
-Customizable and Compatible
-GhostDAG Consensus Algorithm
-Expanding Network Functionality
-Concluding Paragraph

#Kaspa's Smart Contract Framework
@KaspaCurrency's team has been working on developing a smart contract platform that is expected to offer a flexible and powerful framework for building decentralized applications (dApps) on the Kaspa network.
Read 13 tweets
The Scope De-Fi Profile picture
May 8
Discover why Aleph Zero is one of the most promising projects in the crypto space.

With Aleph Zero, you have full control of your assets and secure storage options.

Let’s dive in👇🏼🧵

$AZERO #AZERO #Aleph Zero @Aleph__Zero Image
What I will be covering in this thread:

-Impressive Growth
-User-Friendly Wallet
-Integration with Ledger
-Innovative Solutions
-Ecosystem Funding Program
-Conclusion

Impressive Growth
@Aleph__Zero has already amassed over 57,000 holders and 60,000+ watchlists, with these numbers continuing to rise.
Read 9 tweets
The Scope De-Fi Profile picture
May 8
Trias is delivering enterprise products & solutions to solve trust & security issues in various industries.

Trias is committed to promoting industrial innovation globally with its great team, enterprise products, & solutions.

Let’s dive in👇🏼🧵

#Trias $TRIAS @triaslab Image
What I will be covering in this thread:

-Introduction
-Architecture
-Product and Solution
-Use Cases and Clients
-Ecosystem
-Token Economy
-Conclusion

Introduction
Trias is a decentralized trusted cloud infrastructure and ecosystem designed for all-scale, general-purpose, and enterprise-ready applications.
Read 22 tweets

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