1/L1 blockchain can be a gamechanger for #B2B businesses. Here’s how 👇 2/Cost efficiency: Scalable L1 blockchains enable faster transactions which can be distributed across networks

This means there is no single point of failure, all data gets embedded permanently and at a faster rate

1/A brief thread on global cross border payment systems in TradFi and DeFi 🧵 2/The G20 Cross Border Payment Roadmap focuses on 5 elements to boost cross border trade, remittance service & other transactions

This could be of useful for nations settling credits, global payment banks, or a country outsourcing contracts for industries to other countries

1/8 Learn to Earn websites for the #Web3 student in you 🧵: 2/ @questbookapp
-a popular Learn to Earn platform bridging incentive gap between devs & Web3 projects
-provides NFT & token rewards on completion of courses
-allows the #Crypto community to extend long term incentives in the form of grants to devs

openquest.xyz

1/

It is important for every investor to DYOR even on the stablecoin you decide to sell your #Bitcoin

An unstable stablecoin (funny term) can erode your gains quickly

‘Not enough collateral’ is the biggest risk for stablecoins

There are largely two ways this can happen: 1. Not enough Fiat

Traditional stablecoins have been backed by fiat

USDT, USDC etc

Your risk is if the institution releasing these stablecoins does not hold equivalent USD reserves in their bank account

2. Not enough Crypto

DAI, UST are examples

Now,

1/ Announcing Shardeum

@shardeum will be a sharded, infinitely scalable, completely decentralized L1 blockchain

In a few years Crypto will grow to over 1 Billion people

We want to provide a scalable, affordable & decentralized solution

More in thread below 🚀

#BuildForCrypto 2/

I’ve been spending a lot of time figuring out what the solution to the current scalability issue should be

I was lucky enough to have met @OmarUnblocked in 2019. He has been quietly working on building a sharded blockchain from scratch since 2018

Day 927

Announcing WRX Airdrop program for users who bought SHIB at exceptionally high price & did not sell.

WazirX is about trust & we have decided to help our users.

We will AIRDROP WRX equivalent to your loss!

Details soon

Plz share & RT #WazirXCares

#IndiaWantsCrypto We will share all details in a blog post soon

Who will be eligible for this WRX Airdrop Program?

1. If you bought SHIB at exceptionally high price & you have never sold that SHIB

2. If you bought SHIB at exceptionally high price & you sold that SHIB after prices normalised

1/

There's misconception around SHIB listing that happened on WazirX yesterday. I'm going to detail out so everyone can understand better.

A. WazirX DOES NOT decide the listing price or for that matter price at any point in time for a token

B. Buyers and Sellers decide 2/

C. We've always been listing tokens and allowing deposit/withdrawal at the same time

D. We have a liquidity provider program where large sellers can bring tokens & provide liquidity

E. When SHIB listed, we had way too many buyers but not enough sellers

1/
There’s some confusion in Indian Crypto ecosystem around price of USDT in INR

Please share this tweet thread with everyone around you so they understand too

I only speak for WazirX exchange

- WazirX is an Open Order Book Exchange

- WazirX DOES NOT buy or sell USDT/INR 2/

- ANY user of WazirX can place BUY or SELL orders at the price they think is right

- Our order book will sort the buy orders in the defending by price and sell orders in ascending by price

- Based on the top buy and sell orders by users, the current price is determined

Day 822

A few scenarios of the crypto Bill:

1. It may not come up in this session of Parliament

2. It may come up but is referred to a standing committee

3. It may come up and is passed in its current form

Each scenario outcome described in tweets below.

#IndiaWantsCrypto Scenario 1:

This is the best case scenario right now. Nothing changes, we continue to work towards positive crypto regulations.

We’ll need to push harder on educating our law makers about the pros of regulating crypto. India cannot miss this technology & value creation

There’s a possibility of a new cryptocurrency bill being introduced in Parliament.

It’s aimed at:

1. Helping RBI create its own CBDC

2. Ban private cryptocurrency with some exceptions

Few thoughts below: There’s no such thing as a “private cryptocurrency”.

Crypto by their very nature are decentralised and public.

I hope this is with respect to “currency” usage and they’re focusing on that.

Attacking digital assets by confusing them to be INR competitors wud be amateurish