Discover and read the best of Twitter Threads about #Sharding
Most recents (21)
Tackling the #crypto trilemma, #PartisiaBlockchain aims to address scalability, privacy, and interoperability with a dual-layer approach.
Ambitious? Definitely.
Let's take a closer look at the project and its distinctive #tokenomics. @partisiampc
🧵 by @FlorentPorrot
1/15
Ambitious? Definitely.
Let's take a closer look at the project and its distinctive #tokenomics. @partisiampc
🧵 by @FlorentPorrot
1/15
Offering a dual-layer solution, Partisia features consensus, governance & interoperable Zero-Knowledge & Oracle services.
The 2nd layer is essentially a platform for ZK computations - on-chain, off-chain, inter-chain, bolstering blockchain privacy in a decentralized way.
2/15
The 2nd layer is essentially a platform for ZK computations - on-chain, off-chain, inter-chain, bolstering blockchain privacy in a decentralized way.
2/15
Decentralized nodes ensure security and integrity. As #web3 leans towards transparency, control over information is paramount.
By harnessing a global network of ZK computation nodes, Partisia enhances privacy and security, opening doors to secret voting, secure aid, etc.
3/15
By harnessing a global network of ZK computation nodes, Partisia enhances privacy and security, opening doors to secret voting, secure aid, etc.
3/15
Emotions drive narratives.
Narratives drive the market.
If Merge = LSD hype
then EIP-4844 = L2s hype
Thread 🧵👇
Narratives drive the market.
If Merge = LSD hype
then EIP-4844 = L2s hype
Thread 🧵👇
2#
Everything has to scale
You either scale or you die forgotten - those are the rules.
You cannot walk while everyone’s sprinting.
Ethereum’s way of scaling are L2s...and L2s development will get a huge boost from EIP-4844.
Everything has to scale
You either scale or you die forgotten - those are the rules.
You cannot walk while everyone’s sprinting.
Ethereum’s way of scaling are L2s...and L2s development will get a huge boost from EIP-4844.
3#
What’s the timeframe?
EIP-4844 - a.k.a. Proto-Danksharding - is scheduled for Q3/Q4 2023
What’s the fork codename?
#Cancun
What’s the direction?
Scaling Ethereum ecosystem.
What’s the timeframe?
EIP-4844 - a.k.a. Proto-Danksharding - is scheduled for Q3/Q4 2023
What’s the fork codename?
#Cancun
What’s the direction?
Scaling Ethereum ecosystem.
1/9 🔬 Today, we'll explore how @MultiversX's Adaptive State #Sharding is an advanced technique that enhances the scalability and efficiency of #blockchain networks.
Let's dive in! 🧵👇
Let's dive in! 🧵👇
2/9 Instead of simply dividing the information into smaller fragments, it uses a smarter approach 🤖 to distribute the information based on its relevance and accessibility.
#sharding #blockchainsharding
#sharding #blockchainsharding
Everyone is talking about #ZK proofs these days. But what if I told you that there is a superior tech to #ZKP, already integrated in an L1 #blockchain, which is not even launched on exchanges yet? It's $MPC #Partisia! More details below.👀
First of all, what are #ZK proofs and how do they work? In a zero-knowledge proof, one party (the prover) can prove to another party (the verifier) that they know a certain piece of information, without revealing what that information is.
This is possible because the proof itself is a mathematical statement that is easy to verify but hard to replicate without knowing the original information. So, one of the main benefits of zero-knowledge proofs in crypto is the ability to enhance #privacy.
What is #Sharding and which #blockchains are utilising this incredible technique?
This crypto guide as well as other free guides & project reviews can be read more clear on my website:
altcryptotalk.com/crypto-guides/
1/ 🧵👇
This crypto guide as well as other free guides & project reviews can be read more clear on my website:
altcryptotalk.com/crypto-guides/
1/ 🧵👇
2- There are so many #blockchains using different technologies and processing methods to create the most sustainable and scalable #blockchain. One major problem we will have in a world where #Cryptocurrency is adopted would be network congestion...
3- One special technique called #Sharding, used by a handful of popular #blockchains like #Zilliqa, #Polkadot & #NEAR, believes that sharding is the most efficient method of creating a scalable #blockchain!
1/ #GM! What is modularity? how can it solve the data availability? How does it unlock the potential of scalable networks?
Find out in our #visualguide: The Age of #Modular #Blockchain Part 1.
#Cryptocurrency #Ethereum #DeFi #Rollups #Arbitrum #Optimism #ZK $ETH $OP $ARBI
Find out in our #visualguide: The Age of #Modular #Blockchain Part 1.
#Cryptocurrency #Ethereum #DeFi #Rollups #Arbitrum #Optimism #ZK $ETH $OP $ARBI
2/ Blockchain networks by design faces the 'Blockchain #Trilemma'. Decentralized networks can only provide two of three aspects at any given time with respect to decentralization, security, and scalability.
3/ To achieve scalability, decentralized network must solve the data availability problem. Data availability refers to the idea that all transaction-related data is available to nodes on the blockchain network, but this process is resources incentive and causes network bottleneck
The World's first Sharding-based Blockchain...
Meet @Zilliqa!
Here's an extensive project review! 🔍
All my info, blogs, crypto guides & much more can be found on my website 👇
AltCryptoTalk.com
#NFA #DYOR #CRYPTO
🧵👇
Meet @Zilliqa!
Here's an extensive project review! 🔍
All my info, blogs, crypto guides & much more can be found on my website 👇
AltCryptoTalk.com
#NFA #DYOR #CRYPTO
🧵👇
@Zilliqa first launched in 2017, as they saw other blockchains struggling with one major problem, scalability. That is where 'Sharding' comes into play...
#Zilliqa's very own engineering team also created a programming language, 'Scilla' which is supposed to guarantee the safety of smart contracts by limiting the exposure to attacks on the blockchain.
The #EthereumMerge was a success! But who has time to celebrate? There's still YEARS of work to be done!
In this part 2, we cover the years ahead, looking well into Ethereum’s (ever-changing) roadmap.
FYI, Part 1 is below for a refresher.
In this part 2, we cover the years ahead, looking well into Ethereum’s (ever-changing) roadmap.
FYI, Part 1 is below for a refresher.
There is no official roadmap for #Ethereum, as it is predicated more on rough community consensus.
However, a high-level, noncontroversial plan stretching into 2023-24 is generally regarded as the agreed-upon path for the project.
However, a high-level, noncontroversial plan stretching into 2023-24 is generally regarded as the agreed-upon path for the project.
A more technical roadmap with the progress of each step filled in was updated by @VitalikButerin in December 2021.
Specific developments are tied to future upgrades and are always subject to change.
Consider Merge 💯!
Specific developments are tied to future upgrades and are always subject to change.
Consider Merge 💯!
1/n
Increasing the no of users on-chain requires faster execution times, higher security, & cheaper txn fees.
#Sharding is one solution that claims to scale blockchains to process up to a million txns per second.
What's sharding? How does it work?
Let's find out 🧵👇
Increasing the no of users on-chain requires faster execution times, higher security, & cheaper txn fees.
#Sharding is one solution that claims to scale blockchains to process up to a million txns per second.
What's sharding? How does it work?
Let's find out 🧵👇
2/n
In non-sharded blockchains, each node is responsible for processing every transaction and storing the entire state.
Even if there are 1000 nodes (⬆️ nodes = ⬆️ security), the TPS of the network is limited to the processing power of one node.
This creates a bottleneck.
In non-sharded blockchains, each node is responsible for processing every transaction and storing the entire state.
Even if there are 1000 nodes (⬆️ nodes = ⬆️ security), the TPS of the network is limited to the processing power of one node.
This creates a bottleneck.
3/n
Sharding is one of the most viable solutions to this problem.
It focuses on splitting the blockchain into smaller pieces called "shards."
Each shard can process a portion of the total transaction processing load, increasing the network's processing power.
Sharding is one of the most viable solutions to this problem.
It focuses on splitting the blockchain into smaller pieces called "shards."
Each shard can process a portion of the total transaction processing load, increasing the network's processing power.
[THREAD] C'est quoi le Sharding ?
Le but Sharding est d'améliorer la scalabilité d'une Blockchain et de traiter les transaction plus rapidement en "partitionnant" celle ci en plusieurs parties
Le but Sharding est d'améliorer la scalabilité d'une Blockchain et de traiter les transaction plus rapidement en "partitionnant" celle ci en plusieurs parties
En effet la #blockchain est une grande base de donnée et plus l'adoption se fait plus celle ci est saturé. Elle doit donc trouver un moyen d'améliorer sa scalabilité tout en respectant la sécurité des utilisateurs (trilemme de la blockchain)🔽
Le #Sharding est l'une des nombreuses solutions à la Scalabilité.
Si vous ne savez pas ce qu'est une Node je vous conseil de lire mon Thread: .
Le Sharding permet de réduire la charge de travail de chaque Node🔽
Si vous ne savez pas ce qu'est une Node je vous conseil de lire mon Thread: .
Le Sharding permet de réduire la charge de travail de chaque Node🔽
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/ 🧵
How and why "data availability (DA)" became the sexiest topic in #Ethereum land, the #l222 space, and for #rollups
How and why "data availability (DA)" became the sexiest topic in #Ethereum land, the #l222 space, and for #rollups
2/ Pre-2021 (roughly speaking), DA for most #blockchains wasn't a concern for 2 reasons:
1) most blockchains did not have enough usage to warrant any concern
2) the monolithic approach meant that each (full) node downloaded the entire block to check for availability no problemo
1) most blockchains did not have enough usage to warrant any concern
2) the monolithic approach meant that each (full) node downloaded the entire block to check for availability no problemo
3/ However, this approach has its limitations/drawbacks, and, thus, new solutions like light clients, rollups (RUs), and the modular approach were implemented.
@BanklessHQ @TrustlessState @RyanSAdams
@BanklessHQ @TrustlessState @RyanSAdams
#Web3Learning
Scrolling down the twitter #blockchain community, and suddenly feeling clueless about some technical term?
Well, it happens a lot with me since I am quite noob to Web3 and Crypto Universe.
Here is my effort to explain one such jargon 👉🏽 #Sharding
Scrolling down the twitter #blockchain community, and suddenly feeling clueless about some technical term?
Well, it happens a lot with me since I am quite noob to Web3 and Crypto Universe.
Here is my effort to explain one such jargon 👉🏽 #Sharding
1/n From the time since its inception, scalability has been a big concern for Blockchains.
As blockchains become more mainstream, its essential for networks to be scalable with high throughput for explosive growth.
Low gas fees + Ultra high TPS = Growth 🚀
As blockchains become more mainstream, its essential for networks to be scalable with high throughput for explosive growth.
Low gas fees + Ultra high TPS = Growth 🚀
2/n Initially, vertical scaling was the dominant solution.
Simply explained, add more power to all the nodes so they can compute hash and validate transactions faster.
But there is a maxima to the technological advancement of nodes. This limits the total network throughput 🤒
Simply explained, add more power to all the nodes so they can compute hash and validate transactions faster.
But there is a maxima to the technological advancement of nodes. This limits the total network throughput 🤒
There's a lot of questions about #cassie, what is the significance, why is it cool, what does it demonstrate, how is it #web3. Even moreso since the #radflix demo dropped & the exposure it got on various socials etc so here is a thread...
Hopefully yall know by now that it is primarily a research network. It started as a collection of radical ideas around #consensus, #sharding, #blockchain and #cassie is the embodiment of those ideas to demonstrate viability. But it has now become so much more...
It is technology that can do things that were said to be impossible. Technology that can do things other L1 tech hasn't even dreamt of trying to do. It is a technology which is being used to show proof of potential on all the *hardest* things first...
1/ Why is #blockchain scaling so controversial? From the #blocksizewars to #Alt L1s and #rollups.
Is it really that hard?!
🧵 time...
Is it really that hard?!
🧵 time...
2/ Blockchains like #Bitcoin and #Ethereum strive for maximum #decentralization and #censorship-resistance while remaining totally open and inclusive networks. However, they also want to scale to accommodate billions of users.
3/ As they stand right now, their limited capacity to process transactions at the base layer (~7 and ~20 TPS, respectively) are in direct opposition to achieving that goal.
The question is “What is the best method of scaling a blockchain?” 🧐
@TrustlessState @sassal0x
The question is “What is the best method of scaling a blockchain?” 🧐
@TrustlessState @sassal0x
1/ @harmonyprotocol is building a multi-chain future that helps users transfer seamlessly between chains with instant transactions and extremely low fees💙
This feature by @WhiteboardCryp1 talks about how #HarmonyONE works.
👇Here are some excerpts
This feature by @WhiteboardCryp1 talks about how #HarmonyONE works.
👇Here are some excerpts
2/ What motivated the creation of @harmonyprotocol?
While the #Ethereum chain was growing, there were some limitations.
#HarmonyONE was built to create a fast, decentralized and secure solution for a billion users, focusing on Speed and Performance.
While the #Ethereum chain was growing, there were some limitations.
#HarmonyONE was built to create a fast, decentralized and secure solution for a billion users, focusing on Speed and Performance.
3/ Building on the promise, @harmonyprotocol achieved a 2️⃣-second finality on all transactions. This is way faster than other top blockchains.
But what about security risks?
But what about security risks?
🧵 THREAD N°18 : le trilemme de la #blockchain
Un nouveau thread sur la blockchain, un peu technique, mais qui est important pour bien comprendre les enjeux de cette technologie.
Le triangle d'or de la blockchain, thread du jour 👇
Un nouveau thread sur la blockchain, un peu technique, mais qui est important pour bien comprendre les enjeux de cette technologie.
Le triangle d'or de la blockchain, thread du jour 👇
1/ D'abord une description des 3 points du trilemme:
👉 #décentralisation : la blockchain, et en particulier le réseau de mineurs, ne doit pas être détenu par un petit nombre de personnes
👉 #scalabilité : la blockchain doit pouvoir accueillir un nombre croissant d'utilisateurs
👉 #décentralisation : la blockchain, et en particulier le réseau de mineurs, ne doit pas être détenu par un petit nombre de personnes
👉 #scalabilité : la blockchain doit pouvoir accueillir un nombre croissant d'utilisateurs
2/ 👉 #sécurité : le point le plus important, sans sécurité il n'y a plus de #blockchain
Ces 3 points sont donc absolument nécessaires ; et pourtant, ils ne peuvent pas coexister.
Jusqu'ici, les blockchains n'ont pu obtenir que 2 points sur 3, et donc faire des compromis.
Ces 3 points sont donc absolument nécessaires ; et pourtant, ils ne peuvent pas coexister.
Jusqu'ici, les blockchains n'ont pu obtenir que 2 points sur 3, et donc faire des compromis.
🧵 THREAD N°12 : comment accélérer la blockchain ?
@ethereum traite 15 transactions/seconde, alors que @Visa en traite plus de 1500, soit 100 fois plus.
Comment la blockchain peut-elle résoudre ce problème afin d'être adpotée par le plus grand nombre ? 👇
@ethereum traite 15 transactions/seconde, alors que @Visa en traite plus de 1500, soit 100 fois plus.
Comment la blockchain peut-elle résoudre ce problème afin d'être adpotée par le plus grand nombre ? 👇
1/ Vous êtes peut-être déjà tombé sur les termes de layer 2, rollup, sharding... sans jamais comprendre de quoi il s'agissait.
Tous ces termes sont des solution que les développeurs ont mis au point face à un problème de la blockchain : celui de la rapidité des échanges.
Tous ces termes sont des solution que les développeurs ont mis au point face à un problème de la blockchain : celui de la rapidité des échanges.
2/ Avec la démocratisation de l'ETH, le nombre de transactions a explosé et le réseau est congestionné en permanence.
La blockchain a un problème d'échelle : elle n'est pas (encore) adaptée à une utilisation de masse. Des solutions ont donc dû être trouvées.
La blockchain a un problème d'échelle : elle n'est pas (encore) adaptée à une utilisation de masse. Des solutions ont donc dû être trouvées.
Thanks to colleagues at LBS for the opportunity to take stock of the decentralisation agenda in digital finance, from #bitcoin to #DeFi
A thread on the key points:
bis.org/speeches/sp211…
A thread on the key points:
bis.org/speeches/sp211…
Blockchain has breathed new life into the idea of money as a substitute for a ledger that keeps score of who owes what to whom
"Money is memory" according to the classic 1998 by Narayana Kocherlakota
minneapolisfed.org/research/sr/sr…
"Money is memory" according to the classic 1998 by Narayana Kocherlakota
minneapolisfed.org/research/sr/sr…
#DeFi, or decentralised finance, is the latest manifestation of this idea where the ledger is much more elaborate than simply keeping score of who pays whom
Project #Alvarium in a nutshell:
Disrupt the #edge security model!
The edge remains a hostile environment for computing.
So, protecting #data in use thru a #data confidence fabric and #ConfidenceComputing is the objective of this @linuxfoundation project.
@IOTA @DellTech
Disrupt the #edge security model!
The edge remains a hostile environment for computing.
So, protecting #data in use thru a #data confidence fabric and #ConfidenceComputing is the objective of this @linuxfoundation project.
@IOTA @DellTech
■■■■■■■□□□ to ETH 2.0.
This monumental upgrade to Beacon Chain implies:
+ETH will shift from POW to POS i.e. you will now stake $ETH to yield more #ETH (1/4)
This monumental upgrade to Beacon Chain implies:
+ETH will shift from POW to POS i.e. you will now stake $ETH to yield more #ETH (1/4)
+Staking opens the doors for #sharding, aka splitting Ethereum into different chains where possibly tx of similar applications or group of transactions can live independently (64x scalability) (2/4)
+Rollups, a layer-2 solution which aggregates tx off-chain in safe smart contract to be settled later on-chain (100x scalability)
+Rollups on top of sharding (6400x scalability) (3/4)
+Rollups on top of sharding (6400x scalability) (3/4)
