1/n Increasing the no of users on-chain requires faster execution times, higher security, & cheaper txn fees.
#Sharding is one solution that claims to scale blockchains to process up to a million txns per second.
What's sharding? How does it work?
Let's find out 🧵👇 2/n In non-sharded blockchains, each node is responsible for processing every transaction and storing the entire state.
Even if there are 1000 nodes (⬆️ nodes = ⬆️ security), the TPS of the network is limited to the processing power of one node.
This creates a bottleneck.
Jul 18, 2022 • 25 tweets • 15 min read
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@avalancheavax was built to address issues of scalability prevalent in top protocols. And, with rapid popularity, Avalanche moved a step ahead to cater to its ballooning users by introducing Avalanche Subnets.
What is it?
How does it work?
Let’s Dive in👇🧵 2/n
Before we dive into #subnets
Let’s first understand Avalanche.
#Avalanche is a Proof-of-Stake smart contract platform for #dApps powered by the snowman consensus protocol with near-instant transaction finality. It has been the most successful EVM chain after #BSC.
Jul 11, 2022 • 25 tweets • 13 min read
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EVM is the defacto standard among blockchain developers with a huge community for support. This has led other EVM-compatible chains to explore this system and non-EVM chains to buidl EVM-compatibility layers on top of that.
Let’s take a deep dive into this 🧵 2/n
After launching with limited success, the so-called “Ethereum killers” are building solutions on top of the chains to support EVMs. For instance, Polkadot’s Moonbeam, @NEARProtocol Aurora, @cosmoshub Evmos & @solana Neon.
Apr 19, 2022 • 25 tweets • 5 min read
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ERC 20 is a wildly popular token standard.
But, many in the dev community see it as limiting & since its development, several alternative token standards have come out.
In this thread, we look at major token standards and their characteristics.
🧵👇 2/n
First, what are Token Standards?
Token standards are a subset of smart contract standards. Blockchains that support smart contracts incorporate token standards to tell devs how to create, issue & deploy new tokens based on their underlying blockchain.
Dec 14, 2021 • 16 tweets • 8 min read
(1/n)
AMMs are a radical concept. A new and ambitious AMM is set to be deployed on @terra_money. @astroport_fi aims to be an upgrade to Terraswap combining all the learnings and best practices of other AMMs and putting them into action.
Here's what it offers. 🧵👇
(2/n)
With the upcoming launch of @astroport_fi, Phase 1 called "The Lockdrop" is now live. Phase 1 will run from Dec. 14 to Dec. 21 & 75M $ASTRO will be distributed to users in this. In it, Terraswap LPs migrating liquidity to Astroport will receive one-time $ASTRO reward.
Dec 13, 2021 • 12 tweets • 8 min read
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While the rest of the #Crypto market was grappling with a bearish turn recently, the @terra_money ecosystem stood out as one of the most resilient #Crypto projects. Their recent developments have set it soaring as of late.
Let's take a look.🧵👇
(2/n)
Terra's DeFi ecosystem has surpassed @avalancheavax & @solana in terms of TVL currently standing at $11.89B. Notably, it has increased since Nov 27 from $9.80B to $14.36B marking its ATH on Dec 5th.
Oct 28, 2021 • 13 tweets • 5 min read
(1/n)
Capital efficiency is one of the important areas of the DeFi 2.0 movement, and @MIM_Spell has been doing an excellent job in this branch. It became the the first decentralized stablecoin to be added as base currency on a CEX.
Let's delve a little deeper into it.🧵👇
(2/n)
On @bitfinex, $MIM has been added as a base currency for the BTC/MIM pair. $MIM is the first decentralized stablecoin to be added, although there exists OGs like $DAI, $UST . It's a huge step towards decentralized vision, which $MIM appears to be dominating.
Oct 27, 2021 • 14 tweets • 5 min read
(1/n) @SecretNetwork has gained a lot of traction with the announcement of the supernova mainnet, which will launch on November 9th. It has experienced a 295% increase in the last 30 days.
Let's take a closer look at what's causing this traction.🧵👇
(2/n) @SecretNetwork is the first blockchain to include data privacy by default, allowing you to create and use permissionless and privacy-preserving applications. This feature protects users, secures applications, and opens up hundreds of never-before-imagined Web3 use cases.
Aug 11, 2021 • 10 tweets • 6 min read
(1/n)
There’s never a dull moment in #crypto, last week was a witness to that. Here’s your weekly dose of #DegenLetter to keep you updated.
(2/n)
Dynamic NFTs might bring a more exciting user experience in crypto spheres. @ChainLinkGod shares the scope of these next generation of NFTs and the possibilities they offer in relation to real-world events.
