@aakashg0@verge He's right on different price points, but there's also a lot he's leaving out (or not realizing).
First off, Meta is a software company trying to do hardware, going up against a hardware company. Not just any hardware company; the best hardware company in the world.
@aakashg0@verge In hardware, the cost of getting it wrong when you've already built the product and established the supply chain is orders of magnitude higher than in software, where you just have to reverse some lines of code.
Aug 22, 2022 • 17 tweets • 6 min read
With Tornado Cash sanctioned, it's a great time to learn about future of privacy tech: ZK-ZK-rollups.
A ZK-ZK-rollup not only provides private transactions, but does so at low gas fees by performing all the heavy computations on a layer 2.
Let's dive into how it works 🧵
First, a quick primer on regular ZK-rollups.
ZK-rollups achieve scale by doing two things:
1) They move your balances from Layer 1 to Layer 2, while still allowing you a cryptographic guarantee that you can exit back to L1 anytime
2) They batch transactions within the rollup
May 28, 2022 • 20 tweets • 12 min read
Distributed Validator Technology, or DVT, is a game-changer for decentralizing Ethereum staking, and it's right around the corner!
Here's a quick breakdown of DVT and how it will transform the staking ecosystem 🧵
The rise of liquid staking is resulting in a centralization problem.
If you'd like to come up to speed, here's a quick thread.
SBTs can be:
• Issued to a wallet (Soul)
• Made revokable by the issuer
• Publicly visible or private
• Convertible to and from regular NFTs (based on vesting, for example)
May 14, 2022 • 20 tweets • 8 min read
You may have heard that Ethereum's Proof of Stake protocol is facing a centralization problem.
In this thread, I'll explain why this is happening, the solutions the community is pursuing, and how you can help 🧵
It all has to do with liquid staking pools.
These services alleviate several pain points related to staking by abstracting the act of depositing ETH from the act of operating a node.
If you'd like a quick primer on liquid staking, see here:
Ethereum staking is getting financialized before our eyes.
While staking directly yields ~5%, you can more than double this without adding much risk.
It requires understanding staking pools and the related financial derivatives 🧵
We're all pretty familiar with Ethereum staking.
For Ethereum to switch to its Proof of Stake (PoS) consensus mechanism, it requires stakers to deposit ETH in order to participate in the consensus voting.
In return, new ETH is issued to stakers instead of miners.
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