Sooraj 🚢 Profile picture
Digital Writer for #Cardano and @Orbisproject/ Blockchain-Technical deep-dives
Aug 7 38 tweets 10 min read
Data availability has been an exciting and new topic for discussion among the #CardanoCommunity recently

But it's also an abstract and complex topic

So here's a thread that simplifies "Data availability"(DA)

And how a DA-Layer would function on #Ethereum 2.0 Data availability is the guarantee that the block proposer published all transaction data for a block

And that the transaction data is available to other network participants

Why is it important?

For this, one must understand how trustlessness work in public blockchains
Aug 3 22 tweets 9 min read
How to assess an L1 PoS smart-contract enabled #Blockchain?

It's one of the most challenging tasks a normal user faces

And for that, you have to know about the metrics that make an L1 valuable

So, here is a framework for you to assess an L1 PoS Blockchain 📊🧵👇 L1 utility tokens are an emerging asset class of the 21st century

And when making investment decisions in this particular asset class

It is important to not base them on hype or ever-changing narratives

And it's also important to separate a "solid" L1 from a "mediocre" L1
Jul 19 26 tweets 26 min read
Recently, #Algorand has become a hot topic among the #CardanoCommunity

The curiosity peaked, especially after @JohnAlanWoods left @InputOutputHK

To become the new CTO of @AlgoFoundation

So, here is a thread on #Algorand & its Pure Proof of Stake(PPoS) algorithm🧵👇 Image @JohnAlanWoods @InputOutputHK @AlgoFoundation The purpose of this thread is to focus on👇

• Nodes & Network

• Accounting model

• The team behind #Algorand

• Launch & Initial token distribution

• Consensus & Pure proof of stake(PPoS) sybil protection

To provide a basic understanding of #Algorand
Jul 1 30 tweets 18 min read
Governance is a crucial component of #Decentralization

This is something that #Bitcoin & #Ethreum conveniently ignore

But, #Cardano is built based on 1st principles & governance is a key focus of development

Here is a thread on Governance, Voltair era & Project Catalyst🧵👇 Like the way, democracy unshackled regular citizens to grab power from the feudal lords

#Bitcoin was the 1st movement

Enabling regular citizens to grab power from the flawed financial institutions

To create a fair, transparent & inclusive financial system

To bank the unbanked
Jun 1 31 tweets 15 min read
#Ethereum's account-based model & smart contract based on Solidity is a marriage made in hell

Vasil-HFC Event is on the horizon

& its time to unleash synergies of #Cardano's EUTxO model & Plutus

Here's a thread on why EUTxO model & functional programming is what DeFi needs🧵👇 The ultimate goal of #Blockchain

Is to replace the corrupt & centralized traditional financial system

To create an inclusive global financial system to bank the unbanked

But are we going to do it with a system that is more problematic than what we have now?
May 16 16 tweets 8 min read
'Parallelism' is a core feature of #Cardano's EUTxO ledger model
 
This is one of those features that enable the  creation of scalable DApp on #Cardano
 
So let's dive in and explore the concept of 'Parallelism':🧵👇 So what is ''Parallelism'' ??

In the context of computation

The term Parallelism refers to techniques to make programs faster by performing several computations at the same time
May 10 31 tweets 11 min read
Djed was the Quintessence of ''stability'' in ancient Egypt

The symbolic backbone of the god Osiris, the god of Afterlife & Ressurection

And Stability is what Djed is bringing to the #Cardano ecosystem

Here’s a deepdive on the tech behind Djed, stable coin on #Cardano🧵👇 So what is a stable coin?

A stable coin is a price-stable digital asset

that behaves like a fiat currency

but maintains the mobility and utility of a cryptocurrency

It offers a way to bridge the gap between fiat currencies like the U.S dollar and cryptocurrencies
May 8 8 tweets 5 min read
#CardanoCommunity is in the top three and growing & more and more Projects are building on #Cardano

99% of the fud on #Cardano is not honest criticism

They do it to legitimize the drawbacks of the platform they are invested in

Or to do engagement farming The most honest criticism that #Cardano gets is from the people who are engaged in building projects on #Cardano

So let's not focus our attention on fud that says ''global state is a necessity for DeFi''

But let's put our heads down, focus on building & educating
Apr 24 26 tweets 10 min read
@orbisproject is one of the first projects engaged in building mission-critical scalability infrastructure on #Cardano

Bringing L2 scalability to Cardano through Zero-Knowledge(ZK) Rollup

Here’s a breakdown of the tech that scales #Cardano to be a global financial platform:🧵👇 @orbisproject is a general purpose ZK Rollup on #Cardano

So, what are Rollups?

They are L2 solutions

• that settles the transactions outside of the L1, eg. #Cardano

• but post the transaction data back to the L1

• which allows rollups to be secured by native L1 security
Apr 21 23 tweets 9 min read
Hydra: The Layer 2 scaling solution with ''Isomorphic state channels''

is one of the most anticipated scaling solutions on #Cardano

which awaits its implementation in 2022

Here’s a breakdown of the tech that brings Layer 2 (L2) scaling to #Cardano: 🧵👇 Image Let's start from the basics!

So what's an L2 scaling solution?

It's a collective term used for solutions created to help scale a Blockchain

by processing transactions off of the Mainnet/L1

while still maintaining the same security measures and decentralization as the mainnet
Apr 18 26 tweets 10 min read
#Cardano is anticipating a new wave of upgrades with the Vasil HFC event on the 29th of June 2022

Upgrades on Plutus- #Cardano's smart contract platform (CIPs)

are among the most anticipated components of this HFC event

Here’s a breakdown of each one of those upgrades:🧵👇 Plutus is the smart contract platform of the #Cardano blockchain

It allows you to write applications that interact with the Cardano blockchain

The capabilities that Plutus enable range from

• NFTs
• dApps
• native assets &
• on-chain conditional logic
Apr 15 19 tweets 6 min read
The point of #Cardano with its solid scientific and mathematical foundations was not to replicate the degen DeFi space of #Ethereum

But to elevate decentralized Finance to a whole new level

Maladex is an upcoming project on #cardano which aims to live up to that expectation🧵👇 So what is Maladex?

Maladex is not a DEX

But a novel Research-Driven ''trading platform'' on #Cardano

Which aims to revolutionize the Decentralized Finance (DeFi) ecosystem by application of research rigour and quantitative modelling expertise from Traditional Finance (TradFi)
Apr 14 25 tweets 9 min read
''Ouroboros consensus Protocol'' is the heart of #Cardano

which gives it rigorous security guarantees comparable to those achieved by the Nakamoto consensus of #Bitcoin

Here’s a breakdown of the tech that makes #Cardano more similar to #Bitcoin than any other L1 out there:🧵👇 Let's start from the first principles like #Cardano does it!!

So what is a consensus Protocol?

It is a method through which all the peers of the distributed decentralized network (for eg: #Bitcoin) reach a common agreement about the present state of the distributed ledger
Apr 12 12 tweets 4 min read
''Determinism'' is a core feature of #Cardano's E-UTxO ledger model

This is one of those features that differentiate and brings an edge over the indeterministic nature of #Ethereum's Account based ledger model

So let's dive in and explore the concept of ''Determinism'':🧵👇 Image So what is Determinism?

in the context of transaction and script processing

Determinism is the ability that enables a user to predict the impact and outcome of a transaction locally (off-chain)

before the actual on-chain execution of the transaction
Apr 11 15 tweets 4 min read
This year #Cardano is anticipating multiple enhancements & optimizations to increase its throughput

''Input Endorsers' is one of the most anticipated upgrades on #Cardano

So let's take a look at this concept and how it is helping #Cardano to increase its throughput It is a novel concept initially discussed in the ''Ouroboros” Research paper by @InputOutputHK

The implementation of input endorsers aims to separate transaction selection from block production

So let's explore this concept a bit deeper
Apr 10 16 tweets 5 min read
This year #Cardano is anticipating the implementation of multiple performance enhancements to increase its throughput

''Diffusion Pipelining'' is one of the most anticipated upgrades on #Cardano.

So let's dive in and see how it helps #Cardano to increase its throughput

🧵👇 Earlier this year IOG increased the block size to 80KB to increase throughput of Cardano

The logic is simple: The bigger the block, the more transactions it can carry

But there is a catch: The bigger the block, the more time it takes to propagate the block through the network
Apr 9 20 tweets 8 min read
Ethereum's Account-based ledger model is dominating the DeFi space for now!!

but DeFi on #Cardano is on the rise.

Here are the reasons why E-UTxO ledger archictecture of #Cardano is superior to the Account-based model of #Ethereum

🧵👇 So what are the different ledger models?

1. #Bitcoin 's UTxO (Unspent Transaction Output) - ledger model

Satoshi invented #Bitcoin to be the permissionless decentralized internet money

Bitcoin introduced the UTxO ledger model to fulfill that purpose in the most elegant way
Apr 8 14 tweets 4 min read
Have you ever wondered!!

Why there is ''Slippage'' when you use an AMM (Automated market maker) like Uniswap, Trader Joe, or Sundae swap to trade your token?

What is causing the slippage?

What is the influence of ''Liquidity'' on slippage?

Here’s a breakdown of each one: 🧵👇 ‘Slippage’ is a phenomenon where a market participant exchanges their assets at a loss

compared to the original market value

due to insufficient liquidity at the initial price point

But we rarely experienced slippage on Binance or Coinbase

Why is it happening on Uniswap?!!
Apr 7 18 tweets 6 min read
''Concentrated liquidity'' was introduced by Uniswap V3 to reduce the ''Impermanent loss''

But Liquidity providers still incur impermanent loss on Uniswap V3

So why is this happening?

and

How the solution to this problem may lie in E-UTxO ledger architecture of #Cardano

🧵👇 What is ''Concentrated liquidity''?

Compared to an order book model

an AMM (automated market maker) suffers from capital inefficiency and impermanent loss

Concentrated liquidity was introduced by Uniswap V3 to increase capital efficiency and reduce impermanent loss
Apr 6 22 tweets 6 min read
When it comes to ''capital efficiency''

AMMs (Automated Market Makers) are inferior to Order book model Exchanges

But why do AMMs like Uniswap dominate the EVM (Ethereum Virtual Machine) based chains?

and why this trend is set to change soon.

🧵👇 Image So what is a basic DEX (decentralized exchange) ?

A DEX is a peer-to-peer marketplace where transactions occur directly between crypto traders.

In comparison to a centralised exchange like Coinbase

Here the intermediary is replaced by a distributed ledger, the blockchain.