Discover and read the best of Twitter Threads about #ProofofWork
Most recents (22)
Today's threads (a thread)
Inside: To save the news, shatter ad-tech; and more!
Archived at: pluralistic.net/2023/05/25/str…
#Pluralistic
1/
Inside: To save the news, shatter ad-tech; and more!
Archived at: pluralistic.net/2023/05/25/str…
#Pluralistic
1/
I'm at @HTLGIFestival in #HayOnWye:
28/5 1130h: The AI Enigma
howthelightgetsin.org/events/the-ai-…
29/5 12h: Danger and Desire at the Frontier
howthelightgetsin.org/events/the-dan…
Next, #Oxford!
29/5: @blackwelloxford's 1930h w/@TimHarford:
eventbrite.co.uk/e/cory-doctoro…
2/
28/5 1130h: The AI Enigma
howthelightgetsin.org/events/the-ai-…
29/5 12h: Danger and Desire at the Frontier
howthelightgetsin.org/events/the-dan…
Next, #Oxford!
29/5: @blackwelloxford's 1930h w/@TimHarford:
eventbrite.co.uk/e/cory-doctoro…
2/
To save the news, shatter ad-tech: Structural separation will help the news claim their fair share.
3/
3/
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
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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/
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.
Let’s explore the @shimmernet ecosystem!
🔥 @PIPE_DATA 🔥
An user-friendly infrastructure for distributed data storage and transfers.
Learn more! 🧵👇
🔥 @PIPE_DATA 🔥
An user-friendly infrastructure for distributed data storage and transfers.
Learn more! 🧵👇
(01/10)
PIPE is built by @Tanglehub_eu and immutably stores and transfers any type of data.
Whether you need edge micro-storage or operate high-frequency + high-bandwidth applications, PIPE solves the problem of how to store and transfer any amount of data!
PIPE is built by @Tanglehub_eu and immutably stores and transfers any type of data.
Whether you need edge micro-storage or operate high-frequency + high-bandwidth applications, PIPE solves the problem of how to store and transfer any amount of data!
(02/10)
Possible use cases? You can use PIPE to
🔹 keep your data private
🔹 share your data with someone
🔹 sell your data on a data marketplace
It's all about maintaining control over who has access to your data! 🔐
Possible use cases? You can use PIPE to
🔹 keep your data private
🔹 share your data with someone
🔹 sell your data on a data marketplace
It's all about maintaining control over who has access to your data! 🔐
My top tips:
1. Educate yourself (eg. in #unitmasters)
2. Add “interested in #blockchain #crypto #web3 etc. to your LinkedIn profile
3. Start creating content in whatever form suits you. Create a public #proofofwork of your involvement in the space
4. Start using Web3 apps!
1. Educate yourself (eg. in #unitmasters)
2. Add “interested in #blockchain #crypto #web3 etc. to your LinkedIn profile
3. Start creating content in whatever form suits you. Create a public #proofofwork of your involvement in the space
4. Start using Web3 apps!
#1 - @theunitnetwork offers a FREE six-week blockchain literacy programme several times a year.
#2 While you believe #crypto & #Web3 is only for YouTube influencers or #blockchain developers, there are recruiters out there who can't find candidates for #HR, #Marketing, #BizDev, #CustomerSupport and other non-techy roles. Indicate your interest before you have the knowledge!
#ProofOfWork for @SeedSigner (funded by @HRF):
First, get caught up on what you've missed in the last few months:
First, get caught up on what you've missed in the last few months:
Throughout this MicroPython R&D I've had to figure out which dev boards to use and slowly start to appreciate what each has to offer.
I started documenting them here.
I started documenting them here.
I really wanted this board to work out.
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.
ETHW Core: An open letter to the Ethereum community [1/9]
The ETHW has been controversial, to say the least, in the past few weeks. The ETHW Core feels compelled to clarify a few points:
1/n
The ETHW has been controversial, to say the least, in the past few weeks. The ETHW Core feels compelled to clarify a few points:
1/n
Who are the ETHW Core members?
The ETHW Core members are geeks and crypto investors from all over the world who believe in proof-of-work (PoW). It was this belief that rallied the believers into a community where members volunteered to work on ETHW.
2/n
The ETHW Core members are geeks and crypto investors from all over the world who believe in proof-of-work (PoW). It was this belief that rallied the believers into a community where members volunteered to work on ETHW.
2/n
Why do ETHW Core members choose to stay anonymous?
The ETHW Core members are as anonymous between each other as to the public.
Bitcoin was a product of cypherpunks. Privacy and anonymity are common practices when communicating within the cypherpunk communities
3/n
The ETHW Core members are as anonymous between each other as to the public.
Bitcoin was a product of cypherpunks. Privacy and anonymity are common practices when communicating within the cypherpunk communities
3/n
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
Der digitale Euro kommt. Nahezu alle Zentralbanken der Welt arbeiten derzeit an Central Bank Digital Currencies (CBDCs). Aber was bedeutet das genau? Ein Thread zum #digitaleuro und #bitcoin 🧵👇
2/ Zunächst: Ein digitaler Euro ist nicht das, was wir sehen, wenn wir unser Online-Konto öffnen. Ein digitaler Euro ist programmierbares Zentralbankgeld, das in den kommenden Jahren weltweit kommen wird.
3/ CBDCs sind auch eine Antwort auf Bitcoin. #Bitcoin basiert auf einer dezentralen Blockchain und Pseudoanonymität. Damit das System dezentral und somit unbeeinflussbar bleibt, braucht Bitcoin Energie. Das ist das #ProofofWork-Mechanismus.
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.
1/17
Together we've fought the logging of our native forests, stood together to protest the oil exploration of our deep sea, collaborated in activism to persuade an errant multinational to change. I've supported your work morally, spiritually & financially across 4 decades
Together we've fought the logging of our native forests, stood together to protest the oil exploration of our deep sea, collaborated in activism to persuade an errant multinational to change. I've supported your work morally, spiritually & financially across 4 decades
2/17 Today to quote a certain movie character you are breaking my heart and going down a path I cannot follow.
Saying “bitcoin is OK, we just want you to stop using proof of work” is like telling an opera singer, “Singing is fine, I just want you to stop opening your mouth.”
Saying “bitcoin is OK, we just want you to stop using proof of work” is like telling an opera singer, “Singing is fine, I just want you to stop opening your mouth.”
**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
#ProofOfWork for @SeedSigner Week 4:
v0.5.0 PSBT flow getting so close to a complete first draft!
Nothing is final, but we've figured out solutions for so many of the challenging UI and complex tech problems in this area.
Not final. Not perfect. But getting REALLY F'N GOOD!
v0.5.0 PSBT flow getting so close to a complete first draft!
Nothing is final, but we've figured out solutions for so many of the challenging UI and complex tech problems in this area.
Not final. Not perfect. But getting REALLY F'N GOOD!
But first a side note: A ton of work went into this @SpecterWallet release.
You'll see me continue to contribute to Specter where I can. I am full-time SeedSigner, but guess how I spend my evenings and weekends? More coding!
I have no life, y'all.
You'll see me continue to contribute to Specter where I can. I am full-time SeedSigner, but guess how I spend my evenings and weekends? More coding!
I have no life, y'all.
Back to @SeedSigner: As the project keeps growing we have to keep stepping up our documentation and tutorial game.
My English teacher background makes these tasks actually strangely enjoyable.
My English teacher background makes these tasks actually strangely enjoyable.
🧵 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.
30 threads pour apprendre le Web3, les cryptos, les NFTs, la DeFi :
1 : La blockchain
2 : Le Web3, qu'est-ce que c'est ?
@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
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.
