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Nick White Profile picture
Nick White
@nickwh8te
scaling web3 with modular blockchains @celestia
May 10, 2023 • 9 tweets • 4 min read
Data Availability ≠ Data Storage

What's the difference?
🥫 Data storage is like canned food
🍱 Data availability is an all-you-can-eat buffet

Thread 🧵 Image Data storage is a solution to the problem of needing to save data so that you can retrieve it later.

This is like canning food. You jar it up and store it away so that it is preserved to be eaten later.
May 2, 2023 • 12 tweets • 3 min read
Had a realization that staking might not be as secure as we think 😬

Please someone tell me why I'm wrong 🧵 Image TL;DR, when you slash a validator they don't lose their delegated stake, only their self-stake which is often much smaller.

So a rational validator will misbehave for a much smaller reward than the total stake, which makes economic security lower in practice.
May 1, 2023 • 4 tweets • 2 min read
A smart contract rollup is a state within a country.

A sovereign rollup is its own country. Image A state can have its own laws, but it answers to a higher power - the federal government.

A country answers only to itself. Image
Apr 20, 2023 • 12 tweets • 5 min read
Is a rollup on @ethereum more secure than a rollup on @CelestiaOrg?

Yes and no.

Here are the tradeoffs and why security isn't what you think 🧵 Image To understand why rollups on Ethereum aren't necessarily more secure than on Celestia, we need to define "security".

There are two aspects of security:
⛓️ Immutability
✔️ Verifiability

Let's unpack them
Apr 18, 2023 • 9 tweets • 2 min read
For all my DA nerds out there, @musalbas wrote a forum post that classifies the security of different data availability schemes into 7 levels.

Quick tl;dr 🧵 Image Level -1: Full Node

Best possible security. Downloads all the data directly, ensuring it's available without any security assumptions.
Oct 19, 2022 • 5 tweets • 1 min read
Oh shit, new @Delphi_Digital just dropped 🙀
delphidigital.ventures/blog/dawn-of-a… "While the world computer has been a tremendous success ... it has strumled upon two main limitations in recent years; sovereignty and scalability.

We think modular blockchain networks envisioned by Celestia is the right path forward to overcome these limitations." 🔥
Oct 19, 2022 • 7 tweets • 2 min read
The @CelestiaOrg mission is simple.

Step 1: Build modular blockchain infrastructure that provides unparalleled scale, security, and decentralization.

Step 2: Give anyone, anywhere the power to deploy their own blockchain, leading to a world of sovereign communities. Some quotes from the post worth highlighting 👇
Oct 17, 2022 • 4 tweets • 1 min read
The project that solves "Rollup Sequencer as a Service" will be extremely valuable If you're thinking about this problem, DM me. I'd love to help
Oct 11, 2022 • 15 tweets • 6 min read
Introducing “The Internet of Modular Blockchains" 🧵

Though appchains caught on in 2022, @cosmos invented them in 2016 with the "Internet of Blockchains" vision.

Cosmos is home to today's appchain revolution, but it's @CelestiaOrg + Cosmos that will unlock the appchain endgame. Image Every crypto community starts with a different vision, which results in a different blockchain design

Bitcoin >> digital gold >> simple but secure chain

Ethereum >> world computer >> first programmable blockchain

But Cosmos is different... ✨
Aug 17, 2022 • 10 tweets • 3 min read
Data Availability Sampling is a major breakthrough in blockchain scaling, but many struggle to understand it.

Don't worry, it's actually pretty simple. You can think of it like tossing a coin 🧵👇 Image Imagine I have two coins, one that always lands on heads and one that has lands 50/50 on heads or tails.

I give you one of the two coins. How do you figure out which coin I gave you?
May 26, 2022 • 10 tweets • 3 min read
As the modular blockchain movement grows, monoliths will increasingly try to masquerade as modular

Here's how to spot a faker 👇 Image First, let's recap the definition of modular vs monolith

- Monoliths do *everything* within one protocol, making them self-sufficient (but also inefficient)
- Modular chains do only a subset of things within their protocol, making them specialized (but not-self sufficient) Image
May 25, 2022 • 9 tweets • 2 min read
Why should you care about the Mamaki testnet launch?

Simple. The building blocks that Celestia is putting in place will supercharge the app-chain revolution 🧵
App-chains like Cosmos zones and Avalanche subnets are becoming the preferred scaling solution for blockchain

And for good reason -- they provide scaling, customizability and sovereignty all in one.
May 12, 2022 • 10 tweets • 2 min read
Some lessons from $LUNA (and what it means for modular blockchains) 🧵 1. Decentralization and security matter

Crypto will be the biggest honey pot in the world

It's not a matter of IF but WHEN all vulnerable protocols will be exploited
Jan 27, 2022 • 13 tweets • 4 min read
There are two *very* different definitions of the term “modular blockchain” being conflated on CT right now

1. Modular blockchain software
2. Modular blockchain protocols

Both are important for the future of the space, but people should not mix them up 🧵👇 First, where did the term “modular blockchain” come from??

The term was first coined by @musalbas in this blogpost announcing the @CelestiaOrg project in 2019

Referring to separating data availability and execution to build modular blockchain protocols
Jan 24, 2022 • 6 tweets • 2 min read
Let’s clear this up once and for all

Alchemy, the Graph and all other blockchain indexers are NOT data availability services

Neither are file storage protocols like Filecoin and Arweave 👇🧵 Image Data availability is best thought of as protection against *data withholding*, a nasty attack by a block producer

To prevent this attack you need to make sure that no data in a block has been hidden/withheld
Mar 31, 2020 • 8 tweets • 3 min read
Announcing @harmonyprotocol's new economic model!

💰 Constant annual rewards of 441M $ONE
🔥 Path to 0 issuance by burning tx fees
💡 Simple on purpose for social scalability and predictability

Thread 👇
medium.com/harmony-one/ha… What does this mean for staking rewards?

📈 1st year rewards -- 164% (at 5% staked) to 9% (at 95% staked)
💸 Much larger rewards at higher staking ratios compared to original model

This chart shows staking reward comparison between old model (blue) and new model (red) 👇
Jul 3, 2018 • 5 tweets • 1 min read
1/ "The Rational Optimist" by Matt Ridley has some exceptional quotes on trust that help shed light on why blockchain as a trust machine is such a profound innovation 2/ “As a broad generalisation, the more people trust each other in a society, the more prosperous that society is, and trust growth seems to precede income growth.”
― Matt Ridley, The Rational Optimist
Jun 29, 2017 • 10 tweets • 2 min read
1/ #Blockchain and #AI are two juggernaut technologies of our era. How do they connect?
One word: #Data 2/ In the world of AI, data is king, and so too are the data monopolists like Facebook, Google etc.