Head of Devrel @PestoTech | Ex @GoldmanSachs | @0xPolygon Fellow '22| 🥑 @0xPolyAdvocates | @WTM Ambassador | | Speaker 🎙️| Technical Writer ✍️| AI, Web3 🚀
Sep 22, 2022 • 5 tweets • 1 min read
Whether its a brand fight b/w Pepsi & Coca Cola or Nike launching a new shoe collection, brands spend millions of $$ on marketing to win the battle. For brands to hold a prominent position in the eyes of their targeted audience, strategising is vital
Let me ask you question👇👇
How much does an Umbrella cost?
10$ - 12$ maybe
What's the function of an umbrella?
📌To Keep you dry when its raining
There’s a brand called Pasotti, whos’ umbrellas cost anywhere between 250$ - 800$
Obviously a more sturdy, luxurious umbrella, even opening it sounds good💯
Aug 26, 2022 • 14 tweets • 5 min read
Gm web3 fam!
Its finally day 26 of #web3glossary🚀
And with this, series has come to an end
Z: zk Rollups
By learning you'll teach and by teaching you’ll learn. Sharing on web3 terms & jargons for the last 1 month was a great learning experience for me and I hope for you too
Let's get to the thread now?
Having to spend $20 or more in gas fees for a single txn is not ideal if you want to complete a DeFi trade
If you've been hearing zk or zero knowledge, you're not alone. It's the next big thing in web3
With an increase in the number of Dapps, ...
W: WWW,Wrapped token,wei
Do you remember the first time you heard about Blockchain? Maybe you took it as a new technology that would change everything. Maybe you just wondered if you should start investing in crypto.
..you were just getting your head around the concept of a decentralized web
The truth is web3 is indeed the decentralized internet of the future🚀
#web3glossary was started as a series of twitter threads to help people understand this space better and clear the air around...
Validators of blockchain technology aren't only its sower but its rewards reaper too. Let's get to the depth of it🧐
But first, here's some humor to start with
What are crypto validators and how do they work?
Crypto validators = Payment processors of the decentralized networks.
Technically, a crypto validator is a participant in a blockchain responsible for verifying txns.
After verifying the legitimacy of the txn, the validator adds..
Grab your coffee, coz it's a slightly longer thread today 😅
Web 3 is redefining how we communicate and share information. While developers are busy building the infrastructure of web3, the
user experience of most dApps has taken a back seat.
A whooping $670 mn were identified in crypto losses in Q2 of 2022🤯🤯
Now that I have your attention, let’s get to some learning👀
T: Token, testnet, transaction, TPS, TVL
Token is a digital asset created on an existing blockchain & can be used to represent digital and physical assets or to interact with dapps. It allows the holder to use it for investment, to store value, or to make purchases.
Sidechain is a parallel blockchain used to offload txns from the mainchain to increase scalability/add other functionality. They’re connected to their parent chain, via a two-way link that allows data & assets to be seamlessly transferred.
If you’ve found yourself pulling your hair out when a transaction seemingly pauses forever, this thread is for you🤯
The impounding question is,
Why is my transaction queued? 🤔
Is it pending or queued? Let’s get some clarity, shall we?
Transactions submitted to a network through an EVM node can have one
of the two following statuses before they are propagated to the network
and included in a block:
P: PoW | PoS
In such a dynamically changing status of the blockchain, we need an efficient,fair, real-time & secure mechanism to ensure that all the txns on the network are genuine and all participants agree on a consensus on the status of the ledger
Consensus mechanism does that job for us
Aug 11, 2022 • 11 tweets • 3 min read
Its Day 15 folks!
Somebody today was explaining me how the cryptocurrency market was changing, even though I already knew, it was a bit coin descending 😅
Let's get to learning some web3 terms.👇
O: On chain, Off chain
Blockchains process numerous transactions every minute. Do all transactions happen on chain? Do we have off chain transactions? Today’s all about transactions dynamics!🤩
Think of a blockchain as a cloud storage facility, which has two parts - private and public. 👇
It's day 14 today 🙌
Lets get back to some basics, shall we?
N: NFTs, Nonce, Node
Blockchains are a huge network of blocks of data. Where does this data get stored?🤔
These blocks of data are stored on nodes. Basically, node is any device connected to a blockchain.
They say good things take time, and that’s why the thread is a little late!🙃
If you’ve dipped your hands in the world of cryptocurrency, you’ve probably come across the concept of crypto wallets, and may have heard of private or public keys. But what exactly are they?
Do you know how BCH started? It was forked from Bitcoin in 2017
When fundamental changes are made in a blockchain, it can result in a hard fork, leading to the formation of a separate chain with different rules which are no longer backward compatible with earlier blocks.
G: Gas, Genesis block, Gwei
In order to send and receive crypto on most blockchains, you must pay a transaction fee.
How’s it calculated?🤔
Let’s get this started with Gas - Fees, limit, and price👇