Discover and read the best of Twitter Threads about #ProofOfStake
Most recents (24)
Yesterday @Greenpeace released a "research" report asking financial institutions like @Fidelity support changing Bitcoin's code from PoW to PoS.
Let's dive in why this is in bad faith & #TheCodeisPerfect
1/
Let's dive in why this is in bad faith & #TheCodeisPerfect
1/
GPs "research" is the usual misinformation abt how bitcoin works & energy use that has been debunked by *real* climate activists in Bitcoin
> 50% of Bitcoin's network is ZERO emissions, period. Emissions are DECLINING. Carbon NEGATIVE is coming. See 👇🏽
2/
batcoinz.com/beest/
> 50% of Bitcoin's network is ZERO emissions, period. Emissions are DECLINING. Carbon NEGATIVE is coming. See 👇🏽
2/
batcoinz.com/beest/
GP is 'concerned' Bitcoin is accelerating a climate crisis, fueled by "Big Finance"
... If GP was truly concerned about the impact of Big Finance, they would focus on legacy finance's carbon emissions (see next tweets)
3/
... If GP was truly concerned about the impact of Big Finance, they would focus on legacy finance's carbon emissions (see next tweets)
3/
1/N
Highlighting- $GENS-Genius Yield
All delegates of BBHMM staking a minimum of 1000 ADA for 4 Epochs will unlock the $GENS token
Genius Yiled is unlocking DeFi for everyone
The all-in-one platform, that combines
a concentrated liquidity DEX with an automated yield optimizer
Highlighting- $GENS-Genius Yield
All delegates of BBHMM staking a minimum of 1000 ADA for 4 Epochs will unlock the $GENS token
Genius Yiled is unlocking DeFi for everyone
The all-in-one platform, that combines
a concentrated liquidity DEX with an automated yield optimizer
2/n
From first principles, Genius DEX is a complete redesign of the typical Automated Market Maker
(AMM) DEX protocol. It is a new generation of DEX leveraging EUTxO architecture’s benefits such as
security, determinism, parallelism, scalability and composability.
From first principles, Genius DEX is a complete redesign of the typical Automated Market Maker
(AMM) DEX protocol. It is a new generation of DEX leveraging EUTxO architecture’s benefits such as
security, determinism, parallelism, scalability and composability.
3/n
The Genius DEX offers powerful features such as Smart Swaps enabling programmable and composable orders, and concentrated liquidity positions for higher capital efficiency and yield opportunities.
The Genius DEX offers powerful features such as Smart Swaps enabling programmable and composable orders, and concentrated liquidity positions for higher capital efficiency and yield opportunities.
𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐝𝐀𝐩𝐩𝐬 𝐚𝐧𝐝 𝐰𝐡𝐲 𝐚𝐫𝐞 𝐭𝐡𝐞𝐲 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭?
#Decentralized apps, or "#dApps," are #smartcontract enabled software that work just like regular #apps but without a central authority. dApps instead utilise a peer-to-peer #blockchain to function.
#Decentralized apps, or "#dApps," are #smartcontract enabled software that work just like regular #apps but without a central authority. dApps instead utilise a peer-to-peer #blockchain to function.
For example, the user data for a standard #Web2 service, like Twitter, is stored on centralized servers and is managed by a single organisation. Web2 apps are therefore vulnerable to censorship and one-sided control of user data, which makes them vulnerable to security flaws.
In contrast, #Web3 dApps are permissionless, open-source protocols that spread user data throughout the network. Dapps are therefore less vulnerable to security concerns and resistant to censorship because there is no single point of failure.
What is Proof of stake and what are the benefits of the implementation of the Cardano implementation? Here a short thread :
#Cardano #CardanoCommunity $ADA
#Cardano #CardanoCommunity $ADA
The Cardano blockchain is the first third-generation blockchain to implement a proof of stake (PoS) consensus algorithm. PoS is a consensus mechanism used to validate transactions on a blockchain. #Cardano #ProofOfStake
PoS is an alternative to the more commonly used proof of work (PoW) consensus algorithm used by Bitcoin. Unlike PoW, PoS does not require large amounts of energy to run, and it is much more efficient and secure. #Cardano #ProofOfStake
The #Ethereum #Merge is coming around Sept 14th. It isn't easy to predict the exact date bc/ it is defined on terminal total difficulty but it will happen around this date.
🧵But what is the merge and why is it so important? This thread should help to explain it.
#EthereumMerge
🧵But what is the merge and why is it so important? This thread should help to explain it.
#EthereumMerge
What is the #Merge?
It is a long-awaited change from #ProofOfWork to #ProofOfStake or to be more precise the merging of the #PoW Execution Layer with the #PoS Execution Layer.
This will bring the #Ethereum Chain into a new era by removing miners and using validators instead.
It is a long-awaited change from #ProofOfWork to #ProofOfStake or to be more precise the merging of the #PoW Execution Layer with the #PoS Execution Layer.
This will bring the #Ethereum Chain into a new era by removing miners and using validators instead.
What is Proof of Stake (PoS) ?
Our last 🧵 looked at the original Nakamoto #consensus method that uses #ProofofWork - a trusted & robust method - but very time & energy consuming.
Enter #ProofofStake
Our last 🧵 looked at the original Nakamoto #consensus method that uses #ProofofWork - a trusted & robust method - but very time & energy consuming.
Enter #ProofofStake
1/ With #ProofofStake validators don’t race to solve #cryptographic puzzles (also known as #mining and the main reason #ProofofWork is so energy intensive).
Instead validators #stake their own #crypto assets in order to participate in consensus.
Instead validators #stake their own #crypto assets in order to participate in consensus.
2/ This uses much less energy and is faster - which is important for the #environment and for #applications that require speed and scalability.
1/ Eli5DeFi is a collaborative effort to educate people about #DeFi, #Cryptocurrency and #Blockchain with infographics and visual guides.
Our #Notion page is a one-stop place for curated DeFi information and resources
bit.ly/3zQHouR
Our #Notion page is a one-stop place for curated DeFi information and resources
bit.ly/3zQHouR
2/ To find our unrolled #infographics🧵, you can check our @typefully page below:
typefully.com/eli5_defi
typefully.com/eli5_defi
3/ Our first #visualguide is about @CurveFinance Primer, including @ConvexFinance and #CurveWars narration. Check the🧵for more details!
$CRV $veCRV $CVX $crvCVX
#Curve #Convex #DeFi #YieldFarming
$CRV $veCRV $CVX $crvCVX
#Curve #Convex #DeFi #YieldFarming
🔥 My weekly #newsletter: "Tech & Innovation Radar - Issue #121" - #AI #ArtificialIntelligence #MachineLearning #Blockchain #Space #NASA #CyberSecurity #QuantumComputing #Tech #Innovation #hacking #DataLeak
bit.ly/38DdiPX
bit.ly/38DdiPX
- Un système de stockage moléculaire de l'énergie solaire permettant une restitution sous forme d'électricité ... beau potentiel
Participating in #TheMerge could be the single largest environmental impact I can make in my lifetime. We need to get #Ethereum off #ProofOfWork and onto #ProofOfStake as soon as we can!
Here is some of what I have been doing 👇
Here is some of what I have been doing 👇
Genesis Validator 💪
I had no idea what I was doing but wanted to be a part of something big. I now see the holders of this poap as some of the bravest visionaries in the Ethereum community.
I had no idea what I was doing but wanted to be a part of something big. I now see the holders of this poap as some of the bravest visionaries in the Ethereum community.
Early Testing 🤓
I felt like I was late to the game when I first got in. Little did I know how early it was.
I felt like I was late to the game when I first got in. Little did I know how early it was.
In the most significant #blockchain upgrade in history, the #Ethereum network is moving from a #proofofwork (#PoW) to a #proofofstake (#PoS) consensus mechanism to confirm transaction blocks, known as “The Merge”
Read more and debunk myths: bit.ly/3uQ4RZg
Read more and debunk myths: bit.ly/3uQ4RZg
1/ The two major upgrades, PoS #consensus and #sharding, promise to deliver fast transaction times with low network costs without sacrificing scalability, security, or decentralization. #TheMerge is Phase 0 of the rollout of the Ethereum 2.0 improvements this year.
2/ ‘The Merge’ will replace PoW and the temporary split solution with the more energy-efficient PoS consensus layer, the Beacon Chain. Transaction blocks will no longer be confirmed by solving computationally intensive puzzles.
**NEWS** We’ve been researching, studying, and investing to determine where the future of payments infrastructure will be best served on the blockchain. Because wherever that is... @Payometry wants to be. 1/10
@Payometry After considering the three chains we found most likely to assume some form of payments infrastructure, one project stood head and shoulders above the rest. 2/10
@Payometry We are very proud to announce that we will be joining Constellation Network's second incubator cohort, the "V2 flight program." @Conste11ation #FlightV2
1/ Previously, I covered #L222 zk-rollup projects Starkware and zkSync but looking back, I should have begun with sidechains.
The who, what, why/why NOT, security guarantees, etc.
So, here's a 🧵 discussing sidechains generally and then a bit on #Polygon
The who, what, why/why NOT, security guarantees, etc.
So, here's a 🧵 discussing sidechains generally and then a bit on #Polygon
2/ In the context of #Ethereum, sidechains are separate, Ethereum-compatible blockchains. Sidechains can be independent #EVM -compatible blockchains as well as application-specific blockchains catering to #ETH users and use cases like @0xPolygon or @Ronin_Network .
3/ Sidechains design themselves to be EVM-compatible so they can essentially copy and paste their code to easily interoperate with Ethereum and all of its infrastructure including wallets, block explorers, and more.
🧵 THREAD N°17 : #blockchain et #environnement
La blockchain est régulièrement pointée du doigt pour son impact environnemental, certains allant jusqu'à dire qu'il faut bannir les cryptos.
Mais qu'en est-il vraiment ? Peut-on trouver d'autres solutions ? Une intro au débat 👇
La blockchain est régulièrement pointée du doigt pour son impact environnemental, certains allant jusqu'à dire qu'il faut bannir les cryptos.
Mais qu'en est-il vraiment ? Peut-on trouver d'autres solutions ? Une intro au débat 👇
1/ Il faut d'abord comprendre ce qui pollue dans l'utilisation des #cryptos.
Comme vous le savez, au sein d'une #blockchain, les blocs doivent être validés. Pour cela, des mineurs doivent résoudre un problème cryptographique qui permet de s'assurer de l'inviolabilité des données
Comme vous le savez, au sein d'une #blockchain, les blocs doivent être validés. Pour cela, des mineurs doivent résoudre un problème cryptographique qui permet de s'assurer de l'inviolabilité des données
2/ La plupart du temps, le problème à résoudre est un problème de #ProofOfWork avec lequel les mineurs doivent essayer des millions de combinaisons en quelques minutes jusqu'à trouver la bonne (pour faire simple).
Le premier à résoudre le problème reçoit une récompense.
Le premier à résoudre le problème reçoit une récompense.
🧵 THREAD N°11 : Pourquoi vous n'aurez bientôt (presque) plus besoin de payer de gas fees
Dépenser 100$ pour mint un NFT vous dégoûte ? Heureusement, @VitalikButerin et toute l'équipe de $ETH travaillent sur une mise à jour pour diminuer drastiquement ces frais.
Comment ? 👇
Dépenser 100$ pour mint un NFT vous dégoûte ? Heureusement, @VitalikButerin et toute l'équipe de $ETH travaillent sur une mise à jour pour diminuer drastiquement ces frais.
Comment ? 👇
1/ Pour comprendre ce qui va changer, vous devez d'abord savoir comment fonctionne la #blockchain, je vous redirige vers ce thread si vous voulez reprendre les bases :
2/ Pour effectuer des transactions sur la blockchain, il faut les inscrire dans un bloc qui doit ensuite être validé par le réseau.
Ce rôle est rempli par les mineurs, qui doivent résoudre un problème cryptographique pour inscrire les transactions et les valider.
Ce rôle est rempli par les mineurs, qui doivent résoudre un problème cryptographique pour inscrire les transactions et les valider.
🧵THREAD N°10 : l’enfer des gas fees
50$ : c’est le montant que vous devez payer en moyenne pour effectuer une transaction sur la blockchain $ETH.
Pourquoi devoir payer aussi cher ces #gasfees, et pourquoi ces frais devraient à terme quasiment disparaître ? 👇
50$ : c’est le montant que vous devez payer en moyenne pour effectuer une transaction sur la blockchain $ETH.
Pourquoi devoir payer aussi cher ces #gasfees, et pourquoi ces frais devraient à terme quasiment disparaître ? 👇
1/ Les gas fees sont les frais de transaction de la blockchain $ETH.
Chaque fois que vous voulez inscrire quelque chose sur la blockchain (échanger des ETH, exécuter un #smartcontract, acheter un #NFT) vous devez payer ces frais.
Chaque fois que vous voulez inscrire quelque chose sur la blockchain (échanger des ETH, exécuter un #smartcontract, acheter un #NFT) vous devez payer ces frais.
2/ Ces frais existent par construction de la blockchain : il faut rémunérer les mineurs, qui inscrivent votre transaction dans la blockchain et confirment leur validité.
30 threads pour apprendre le Web3, les cryptos, les NFTs, la DeFi :
1 : La blockchain
2 : Le Web3, qu'est-ce que c'est ?
🌈 Did you know
1/ @harmonyprotocol is the only #Ethereum compatible Layer 1 #blockchain with shards?
Affordable at a fraction of a penny to run, the 2-sec block time + 2 block confirmation achieves beyond 24K tps
This is more than @Visa @Mastercard @AmericanExpress combined!
1/ @harmonyprotocol is the only #Ethereum compatible Layer 1 #blockchain with shards?
Affordable at a fraction of a penny to run, the 2-sec block time + 2 block confirmation achieves beyond 24K tps
This is more than @Visa @Mastercard @AmericanExpress combined!
2/ Recent enhancements from 8-second block time at launch 2 years ago, down to 2-seconds a year later
medium.com/harmony-one/2-…
medium.com/harmony-one/2-…
1/ Up next in #cryptothoughts, in which I take a closer look at some of the projects in the crypto/blockchain space that have me beyond #bullish, is @tezos, which recently recorded 600,000 transactions in a single day, representing over 50% of #Ethereum's daily trade volume.
Who, what and why Cardano?
A community-inspired, educational super-thread for those wanting to learn more. 🦉
(1/18)
#Cardano #Blockchain #BlockchainNews #Cryptocurrency #CryptoNews
A community-inspired, educational super-thread for those wanting to learn more. 🦉
(1/18)
#Cardano #Blockchain #BlockchainNews #Cryptocurrency #CryptoNews
The Cardano Trinity: @CardanoStiftung - Oversees and supervises the development of the ecosystem; drives adoption, shapes governance, sets commercial standards & supports the community of Cardano users.
#Cardano #Blockchain
cardano.org/partners/?tab=…
#Cardano #Blockchain
cardano.org/partners/?tab=…
The Trinity (cont.) @InputOutputHK - Tech & Engineering; designing and maintaining the Cardano platform.
Committed to innovation through peer-to-peer scientific review and the highest standards of assurance in software development.
#Cardano #Blockchain
cardano.org/partners/?tab=…
Committed to innovation through peer-to-peer scientific review and the highest standards of assurance in software development.
#Cardano #Blockchain
cardano.org/partners/?tab=…
Seguro notaste que este finde volvieron a la escena algunos de los proyectos más icónicos de #DeFi en Ethereum, #AAVE y #CURVE. Qué pasó? Bajó el gas? Explotó la #BSC?
No, se trata de @0xPolygon (antes $MATIC). En 2 palabras: #Ethereum barato.
Bueno, es un poco más complejo...
No, se trata de @0xPolygon (antes $MATIC). En 2 palabras: #Ethereum barato.
Bueno, es un poco más complejo...
#DeFi propone una revolución financiera. Pero... es posible a 100 USD la transacción?
Muchos inversores y proyectos se pasaron de #ETH a la #BSC, que ofrece transacciones más baratas y rápidas, sacrificando descentralización para tener mayor escalabilidad.
Muchos inversores y proyectos se pasaron de #ETH a la #BSC, que ofrece transacciones más baratas y rápidas, sacrificando descentralización para tener mayor escalabilidad.
Y que tiene que ver @0xPolygon? Mucho..
#Polygon (el nombre original del proyecto era $Matic) es una solución de layer 2 que ofrece transacciones a costos insignificantes sin poner en juego la descentralización.
#Polygon (el nombre original del proyecto era $Matic) es una solución de layer 2 que ofrece transacciones a costos insignificantes sin poner en juego la descentralización.
@GoingParabolic #Verus is a truly free, #decentralized protocol and rent-free #blockchain framework that provides chain #interoperability that can scale to the world. It’s not just a protocol, but an ecosystem of interconnected blockchains.
@GoingParabolic Once on mainnet, the Verus #DeFi system will be a fractal, market-driven, & completely liquid worldwide network of independently valued currencies and protocol-based currency baskets that allows anyone holding Verus to perform cross-chain transactions, launch a fractional reserve
ELI5 PoS advantages:
The #beaconchain is close to launch. So what that means? What is #Ethereum #proofofstake (#PoS)?
Here’s a thread to explain what are the differences to PoW and why it is so meaningful. (1/15)
The #beaconchain is close to launch. So what that means? What is #Ethereum #proofofstake (#PoS)?
Here’s a thread to explain what are the differences to PoW and why it is so meaningful. (1/15)
2/15 In Proof of Work (PoW) blockchains, miners have two different computational work to be done.
One, is to check if everyone’s balances and transactions check it out, so nobody is spending coins that they don’t have. This require very low computational power.
One, is to check if everyone’s balances and transactions check it out, so nobody is spending coins that they don’t have. This require very low computational power.
3/15 The other one is trying to solve a puzzle to be entitle to a reward. The first miner to solve the puzzle is able to create some coins from thin air to himself: the block reward.
In PoW, miners invest their money in hash power to be able to solve puzzle more frequently.
In PoW, miners invest their money in hash power to be able to solve puzzle more frequently.
The #Ethereum #proofofstake #phase0 #beaconchain is getting close to launch!
So what?
Here's a thread to explain why millions of dollars of #ETH are being moved into this state of the art gadget, what makes it different from other #PoS systems, and why it was worth the wait!
So what?
Here's a thread to explain why millions of dollars of #ETH are being moved into this state of the art gadget, what makes it different from other #PoS systems, and why it was worth the wait!
First things first: even though the #beaconchain is being referred to as an #eth2 or "Ethereum 2.0" technology, it does not exist to replace the current Ethereum Virtual Machine we know and love as "Ethereum 1.0" today. If you're using the EVM, you're fine. It's not going away.
Instead, the beacon chain is a gadget that was planned even from before the launch of "Ethereum 1.0" to be swapped in for the #proofofwork system, called "Ethash", which currently secures that same EVM environment.
blog.ethereum.org/2014/10/03/sla…
blog.ethereum.org/2014/10/03/sla…
What are the major #cryptocurrencies up to these days? DXone peeks under the hood to help #cryptoinvestors make #informed_decisions.
You could also sign up at dxone.com to have all of this information and more at your tips when trading on the #crypto-#superhighway
You could also sign up at dxone.com to have all of this information and more at your tips when trading on the #crypto-#superhighway
#Cardano
@IOHK_Charles recently announced the launch of their #Shelley mainnet moving ahead from their #Byron era. Considered the most scientific of all #DLTs, Cardano took a little around 18 months to reach this far.
@IOHK_Charles recently announced the launch of their #Shelley mainnet moving ahead from their #Byron era. Considered the most scientific of all #DLTs, Cardano took a little around 18 months to reach this far.
#Stellar
#IoT solution @NodleTeam recently made the switch from @StellarOrg to @ParityTech's #substrate.
But, in a big win in 2020, @Bitbond received #BaFin nod to launch #tokenized_securities on the #Stellar protocol.
#IoT solution @NodleTeam recently made the switch from @StellarOrg to @ParityTech's #substrate.
But, in a big win in 2020, @Bitbond received #BaFin nod to launch #tokenized_securities on the #Stellar protocol.
