Andre Cronje Profile Banner
Andre Cronje Profile
Andre Cronje

@AndreCronjeTech

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Co-Founder & Architect @fantomfdn . Previously; Founder @yearnfi . Founder @thekeep3r .

Joined October 2012
Don't wanna be here? Send us removal request.
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@AndreCronjeTech
Andre Cronje
1 year
Why Fantom @FantomFDN ? 1/13 Fastest confirmation times (sub 900ms finality), offering smoother UX for dapp builders & users
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@AndreCronjeTech
Andre Cronje
2 months
The number 1 dex on Base, and the number 1 dex on Optimism are both built with code I wrote and pioneered. Stick to where the innovators are, post Sonic I will be adding some new primitives to crypto.
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Andre Cronje
1 year
Please stop asking Fantom about AI. AI and Blockchains don't mix. 👇
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Andre Cronje
1 month
Seeing a lot of "I told you so's" against Solana, because *checks notes* Solana currently has so much demand for blockspace that they need to optimize some bottlenecks (which also btw, is just an engineering hurdle and not a fault of consensus or any critical component). Victim…
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@AndreCronjeTech
Andre Cronje
29 days
Busy doing due diligence on memecoins so we can create a framework to launch, support, and cultivate community safe meme coins on Fantom has me like;
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Andre Cronje
1 month
Every so often we see something new in this space. I often find myself on the mid curve for an extensive amount of time. I am comfortable here. That being said, there have been events in this industry I wish I was more curious about, there have also been events I definitely did…
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@AndreCronjeTech
Andre Cronje
27 days
Safer community / meme coins on Fantom
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@AndreCronjeTech
Andre Cronje
1 year
Why build on Fantom?
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@AndreCronjeTech
Andre Cronje
11 months
We just keep building. This ethos hasn't changed in the last 5 years, it won't change in the next 10.
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@AndreCronjeTech
Andre Cronje
2 months
10k tps achieved. Publicly verifiable. Can test for yourself, on public infrastructure. No need for "trust me bro". Available today, no need to wait. And we havent even started with the parallel execution meme.
@FantomFDN
Fantom Foundation
2 months
As we prepare for the #Fantom Sonic mainnet, we want to revisit the closed testnet's incredible performances: 🟦 2,000 TPS (1s TTF) — realistic traffic 🟦 4,000 TPS (1.3s TTF) — ERC-20 swaps 🟦 10,000 TPS (1.6s TTF) — ERC-20 transfers Learn more here 👇
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@AndreCronjeTech
Andre Cronje
2 months
Fantom: sub $0.01 fees today, sub $0.01 fees a year ago, sub $0.01 fees two years ago, sub $0.01 fees since 2019. Glad to see others catching up, when Sonic launches it increases this distance by 100x again. Let's keep pushing the space forward.
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@AndreCronjeTech
Andre Cronje
2 months
Embracing my @0xMert_ arc, where I relentlessly attack anyone trying to spread baseless statements about Fantom. Tag me wherever you see this injustice so I can evolve my inner Mert.
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@AndreCronjeTech
Andre Cronje
6 months
100x in throughput 100x in blockspace -99% storage requirements -99% hardware requirements Can run on a Rasberry Pi Next stop mobile phones Give it a try
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@FantomFDN
Fantom Foundation
6 months
Today, #Fantom is thrilled to announce the launch of the #FantomSonic testnet environment! Sonic’s three main upgrades include: • Fantom Virtual Machine, which offers drastically faster smart contract execution compared to the old EVM. • Carmen database storage, which uses a…
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@AndreCronjeTech
Andre Cronje
3 months
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@AndreCronjeTech
Andre Cronje
11 months
Gas Monetization - done Build, Deploy, Earn
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Andre Cronje
2 months
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@AndreCronjeTech
Andre Cronje
2 months
Base EVM - Upper limit ~200 TPS, add optimistic parallelism (best case with foresight) +40 TPS. Max 240 TPS. Base FVM - Upper limit ~30,000 TPS, add brute force parallelism (bad) + 4,500 TPS. Max 34,500 TPS. Parallelism isn't even in our top 3 of tech improvements by net gain…
@AndreCronjeTech
Andre Cronje
5 months
@gakonst Disagree with this take, we did a significant amount of research on parallelism, while I will acknowledge there is an increase of around 30%, this is fairly insignificant given other optimization to the VM (superset instructions, switching from 8-bit opcodes to 16-bit opcodes,…
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@AndreCronjeTech
Andre Cronje
1 year
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@AndreCronjeTech
Andre Cronje
5 months
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@AndreCronjeTech
Andre Cronje
1 year
Learn from my mistakes
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Andre Cronje
1 year
Small time slice of active Fantom users
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@AndreCronjeTech
Andre Cronje
2 months
The replyguy mindset: Me: make statement Replyguy: prove it Me: provide published docs on result Replyguy: you could have faked it, prove its real Me: sure, here is the link to explorer/mainnet Replyguy: no, you have to prove it to me, I am not going to test it ...
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@AndreCronjeTech
Andre Cronje
1 year
Fantom: envisioning a zk future
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Andre Cronje
1 year
Step 1 of 3. Fantom will become the youtube/twitch of blockchain platforms. Steps 2 and 3 in coming months.
@FantomFDN
Fantom Foundation
1 year
📢 New governance proposal: dApp Gas Monetization Program This gas monetization program will seek to reward high-quality dApps, retain talented creators, and support #Fantom ’s network infrastructure. Read the full details👇
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@AndreCronjeTech
Andre Cronje
1 year
Fantom in review
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@AndreCronjeTech
Andre Cronje
6 months
One of our new Fantom employees isn't a crypto native, he just messaged me "you are going to hell for giving me this job, dragging me into your cesspool of greed and digital violence". He gets it.
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Andre Cronje
6 months
Irrespective of your opinion on Fantom, this is a technological breakthrough that increases base layer scaling by 10x. EVM is here to stay, Scholz's work increases throughput natively, this tech can be applied to any EVM without sacrificing compatibility. Blockchains are far…
@FantomFDN
Fantom Foundation
6 months
EVERYTHING You Need to Know About Fantom Sonic with Fantom's Chief Research Officer In this @VerticalBlocks , CRO Bernhard Scholz discusses the engineering feats & challenges #Fantom has overcome, a walk-through of this innovative tech stack design, plus the benefits of the new…
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@AndreCronjeTech
Andre Cronje
1 year
Easy to be ideological when you aren't paying the bills. Charlie has been out of pocket funding all of defillamas expenses for years, it isn't cheap. Watching everyone turn on everything he has done is disgusting. Him trying to stop the bleeding isn't greed, it's sustainability.…
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@AndreCronjeTech
Andre Cronje
1 year
@newmichwill @RevolutApp Need a card, or just payments infra? If the latter, I can add you to our closed beta. If card, that will be available by end of 2023, crypto friendly bank available to public within this year.
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@AndreCronjeTech
Andre Cronje
1 year
Expectation management is important, I want to stress THERE WILL BE NO ANNOUNCEMENTS OR REVEALS No, this isn't reverse psychology, I'm serious, we aren't focused on announcements anymore, we simply discuss progress
@AndreCronjeTech
Andre Cronje
1 year
Looking forward to speaking, few comments; - there will be no announcements - don't expect any hype - virtual attendance - expect boring topics such as; derisking, L1 scaling, gas subsidies, gas monetization, FVM, FTM Substrates, Flat Storage, Economic abstraction, & Fantom OS
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Andre Cronje
1 year
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Andre Cronje
1 month
@yy_trading @DefiSquared I believe more in Fantom today than I did back in 2019. The team is 100x stronger than before. Treasury is 250x stronger. Our tech stack is 160x faster and more optimized. If you think Fantom is going to 0 or going to disappear into the sea of irrelevant blockchain projects, I…
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@AndreCronjeTech
Andre Cronje
1 month
@DefiSquared I agree, tech does not make an ecosystem, community and strong leadership do. So let's unpack each item; Multichain hack - we are the only chain still actively trying to recover funds from users, with frequently released updates on this as recently as 04/03…
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@AndreCronjeTech
Andre Cronje
1 year
The death of Defi & RWA
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Andre Cronje
1 year
Looking forward to speaking, few comments; - there will be no announcements - don't expect any hype - virtual attendance - expect boring topics such as; derisking, L1 scaling, gas subsidies, gas monetization, FVM, FTM Substrates, Flat Storage, Economic abstraction, & Fantom OS
@quantum_miami
Quantum Miami 🌴
1 year
Excited to be welcoming @AndreCronjeTech to our stage! 2023, here we go! #miami #blockchain #defi #web3 #quantummiami
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Andre Cronje
1 year
The throughput is 4x higher than originally estimated / planned, and we have more upgrades already added to the roadmap. Highly recommend other teams to start looking at the VM bottleneck. The base layer is still far from optimized.
@FantomFDN
Fantom Foundation
1 year
Hard to believe a week has passed since the #FVM & storage upgrades were presented on! In this blog, we outline @MichaelfKong 's talk on efforts that will bring faster block processing & increased speed of execution, leading to a more scalable network. ⏩
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Andre Cronje
6 months
@0xMert_ A brief Fantom history - First CMO scammed staff, supporter, and investor for millions - Original team managed to turn $40m raised into $2m in less than 6 months - Fantom's original team proposed to simply plagiarize Hashgraph (before we pivoted to my research) - My Solidly…
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@AndreCronjeTech
Andre Cronje
4 months
No context needed.
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@AndreCronjeTech
Andre Cronje
11 months
Gas Subsidies, social auth, FVM, and next gen storage solution on the horizon. Soon after Fantom can unlock apps that arent just financial. Next step towards the decentralized web.
@AndreCronjeTech
Andre Cronje
11 months
Gas Monetization - done Build, Deploy, Earn
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@AndreCronjeTech
Andre Cronje
1 year
fUSD migration & liquidations
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@AndreCronjeTech
Andre Cronje
27 days
Guess its before spring. Always missing those targets. Till we have (2n+1)/3 upgraded, we dont get proper brrrrr
@FantomFDN
Fantom Foundation
27 days
The first #Fantom validator using Sonic tech is live ✅ Marking a major milestone, this deployment paves the way for unleashing Sonic's impressive speeds on the Opera mainnet, achieving ~2,000 TPS at sub-second finality. Check out the validator page here
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Andre Cronje
24 days
Our time to finality (ttf) and transactions per second (tps) just decreased by -18%. Wait, nope, they still the same. Unrelated. Tech still the same. Carry on.
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@AndreCronjeTech
Andre Cronje
2 months
@WillyTheDegen Let me see, people stalk my address, ape funds into unreleased dev contracts, contracts get exploited, but I rugged somehow. And "always heads to 0", I have 4 projects to my name; yearn, keep3r, solidly, and fantom, none of which are 0. I have made a lot of mistakes in this…
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@AndreCronjeTech
Andre Cronje
25 days
tbills are just staking usd, wen usd restaking
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@AndreCronjeTech
Andre Cronje
1 year
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@AndreCronjeTech
Andre Cronje
11 months
Some quick Fantom updates incase you missed it; 1/7 Gas monetization (devs earn 15% gas fees spent on their apps): 16 active projects, 20k FTM earned so far -
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@AndreCronjeTech
Andre Cronje
27 days
🤔
@FantomFDN
Fantom Foundation
27 days
We are thrilled to introduce another angel investor joining our round! 🤝 Stani Kulechov ( @StaniKulechov ) is the founder of Aave and Avara. @Aave is an open source and non-custodial protocol that allows users to earn interest on deposits and borrow assets. The platform boasts…
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Andre Cronje
3 months
Sentiment check; I have about ~4 unreleased defi primitives; - Protection markets - LevX - fx*swap - On-chain Bureau Q1: Should I continue releasing all my shelved defi prototypes?
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Andre Cronje
1 month
@CryptoDinduz A bridge everyone can trust, doesn't have external risk assumptions or trust factors, and has no direct access to underlying assets. This is why we haven't launched Sonic yet, we are busy integrating this currently.
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@AndreCronjeTech
Andre Cronje
3 months
Posted a year ago. v4 in alpha, allows verifying any arbitrary off-chain data. use cases; - oracles (price, treasury, attestation) - tokenization (equity, stablecoins, rwa) - bridges All at 0 cost for dapps and only increases gas fees by a few bips for users
@AndreCronjeTech
Andre Cronje
1 year
Oracle Evolution
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Andre Cronje
1 year
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Andre Cronje
6 months
🔥
@verticalblocks
Vertical Blocks
6 months
⚡️ Usain bolt running 100 meters: 9.58s 💨 Sonic transactions in that time: 19,160 txs
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Andre Cronje
1 year
Looking forward to speaking (again), few comments; - there will be no announcements - don't expect any hype - physical attendance - expect (the same) boring topics; L1 scaling, gas subsidies, gas monetization, FVM, avoiding reorgs, native smart wallets, proactive security
@ETHDubaiConf
ETHDubai
1 year
Excited to announce that @AndreCronjeTech will be giving a talk in-person at the conference on topics such as scaling L1s & the FVM (more details coming soon). Andre is co-Founder & Architect @fantomfdn . Previously founder @iearnfinance and @thekeep3r .
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Andre Cronje
1 year
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Andre Cronje
2 months
@linkchainlink Prerequisites; Step 1: Sonic launch Step 2: Get current blue chip deployed, re-establish trust and anchor usage Step 3: Work closely with existing strong Fantom projects, paintswap, estfor kingdom, FateAdventure, etc (I still love my oldschool gaming) Step 4: Get fees low enough…
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Andre Cronje
6 months
I have historically not been a fan of VC's, they often extract more than they provide, but I have been fortunate to have met an exception, through good or bad they have supported us for more than 5 years. Just wanted to give a personal thank you to @HyperchainC and @stelyb
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@AndreCronjeTech
Andre Cronje
4 months
@0xdoug Any chain that uses probabilistic finality or any variant of the longest chain rule won't solve this. I am pretty confident in saying we already solved state bloat at Fantom. The first is the aBFT consensus which does not require the longest chain rule, after 2n+1/3 validators…
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Andre Cronje
11 months
After the new evm optimized db and fvm, can reduce this to 1! 🎉
@FantomFDN
Fantom Foundation
11 months
Exciting news 🎉 The proposal to reduce the validator staking requirement on #Fantom has PASSED! Moving forward, nodes will require only 50,000 FTM to participate in network consensus, broadening the accessibility of running a validator.
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@AndreCronjeTech
Andre Cronje
1 year
☺️💙👻
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@AndreCronjeTech
Andre Cronje
1 year
-27% execution steps (and gas, thus more "block space" [in quotes because technically Fantom doesn't have blocks]) in the FVM. ~14x throughput improvement with this and aotcppevm
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@AndreCronjeTech
Andre Cronje
1 year
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Andre Cronje
2 months
@0xVersteckt @hWonderofWorld Same reason ethereum needs it, so people can redeploy the same 7 projects, rename them, and launch a new token. Gotta keep the ponzis going, otherwise what are we even doing here...
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Andre Cronje
1 month
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Andre Cronje
5 months
We have been busy
@FantomFDN
Fantom Foundation
5 months
You asked for marketing? 📰 Well, here's our fresh new blog to reflect all the changes and innovation coming to #Fantom . And alongside it, we're introducing a monthly newsletter, delivered by (probably) the best marketing team around 👇
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Andre Cronje
2 months
@coinmamba Never, as long as we never launch it, the token will go up forever. Buy the rumor, sell the news. Can't sell if no news, ez. Narratives > tech :p
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@AndreCronjeTech
Andre Cronje
5 months
💵💶💷💴
@FantomFDN
Fantom Foundation
5 months
The Gas Monetization leaderboard is heating up! 🔥 GasM provides dApps continuous income via 15% share of gas fees they generate, PLUS top apps are sent surplus $FTM as a bonus ⛲ So far, 248k bonus FTM has been accumulated 📸 Bonus snapshot: Dec. 31
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Andre Cronje
4 months
What a word salad to say avoiding segmentation and over-engineering.
@FantomFDN
Fantom Foundation
4 months
“As a monolithic chain, Fantom sidesteps the intricate complexities inherent in multi-layered modular designs and focuses purely on optimizing the scalability of a single chain with a shared state.” Read the full @Delphi_Digital report on #Fantom here:
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@AndreCronjeTech
Andre Cronje
1 year
A lot of "buzz" lately around decoupling consensus and execution. Fantom has had execution and consensus decoupled since launch. Parallel execution on EVM is not hard because of consensus, its hard because of shared state. Can learn more below;
@FantomFDN
Fantom Foundation
1 year
#Fantom 's unique consensus mechanism is called "Lachesis". Lachesis uses asynchronous Byzantine fault tolerance in combination with a directed acyclic graph to achieve consensus. But what does this all mean? How does it work? Understand the basics:
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@AndreCronjeTech
Andre Cronje
6 months
Worth a read, easiest to follow summary I've seen so far
@VitalikButerin
vitalik.eth
6 months
Different types of layer 2s
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@AndreCronjeTech
Andre Cronje
6 months
Before: Fantom's aBFT, fault tolerant, instant finality and low ttf blah blah Now: Sonic make dapp go fast, brrrrr
@FantomFDN
Fantom Foundation
6 months
🚨ICYMI: Want to experience true sub-second finality on your mobile device? 📱 Try the #Fantom Sonic Open testnet without a wallet! Head to Choose 'Sonic Connect' and get swapping ✨
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Andre Cronje
2 months
@jayendra_jog I agree. How are those unsubstantiated v2 meme claims coming along that you have been throwing around with 0 evidence? At least Sonic is proven, public, and performs better in every metric. Happy to have discourse, but not if this is how you act. Best of luck to you.
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Andre Cronje
6 months
Feeling appreciative for the teams that just grind away no matter the hardships, there are a lot, but one I think deserves more attention is definitely @EstforKingdom , from a team that already made a great product @paint_swap . Great respect for @samwitchPS and team.
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Andre Cronje
3 months
Nice starting to have some strong VC support. These guys really want to just support building, honored to be able to work along side them.
@FantomFDN
Fantom Foundation
3 months
1/ Six powerful VCs are ready to meet with the teams participating in our Sonic Labs incubator program 🚀 To help you get to know them better, we decided to ask three questions to each VC. Meet the first three 👇 (we’ll cover the next three tomorrow)
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Andre Cronje
11 months
Just. Keep. Building.
@FantomFDN
Fantom Foundation
11 months
Exciting updates coming your way! 🚀 #Fantom fWallet just got an upgrade and is now available in 11 languages! We also fixed some minor bugs and made UI improvements. Stay tuned for more enhancements!
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Andre Cronje
1 month
@OldManMikey1 Spring release was for base Sonic. We hit that milestone. Opera release could be a base release, since back in 2019 bridges didn't exist, interoperability wasn't a thing, native tokens like USDC/USDT wasn't a thing, dapps weren't even a thing. So we can launch base Sonic today.…
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Andre Cronje
1 month
@HoldersR2E @michaelfkong @FantomFDN Sigh, there is a real problem in this industry with technical terms being co-opted as narrative terms, Sonic is not an L2, Sonic's bridge is L2 tech, because native assets rooted in Ethereum security is beneficial for all users and the chain, Sonic itself is its own validator…
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Andre Cronje
1 year
@NickDrakon @juanaxyz00 @FantomFDN About ~45 now. We've been aggressively hiring. Increased total staff by 18% since December. Added a whole new independent client team, and building out the marketing team structure. Lots of real heavy hitters.
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Andre Cronje
6 months
@FutureIsFantom Yes, still being actively developed. Will still be closed beta for the foreseeable future, don't expect any announcements until we are comfortable to make it available to the public. For it to work the way we envision we need to launch Sonic mainnet and one other deliverable. Not…
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Andre Cronje
29 days
@Michael8Damiani @FantomFDN @wormhole @circle Sonic upgrade still spring. The summer target is something bigger.
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Andre Cronje
1 year
12/13 Legacy; Fantom is the oldest smart contract chain after ETH, operating for 4 years with 99.99% uptime
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Andre Cronje
3 months
Mad respect to @EstforKingdom
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Andre Cronje
1 year
Brian nailed it. Regulated crypto, not crypto regulation. As more centralized entities fail and consumers lose their IOU crypto, the regulators get more support and ammunition to block the whole industry. We need regulated crypto, and let the badlands be.
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@brian_armstrong
Brian Armstrong
1 year
1/ I often get asked: “What does regulatory clarity actually look like for crypto?” So I outlined a realistic blueprint for this that regulates centralized actors, while preserving decentralized innovation.
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Andre Cronje
6 months
@0xMert_ Always has been, TPS wars have been ongoing since 2015 TPS = active metric, it is more indicative of a chains currently activity than of any tech Transaction capacity per second = upper bound, more indicative of the actual tech Both are important though, TPS is more a metric…
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Andre Cronje
7 months
@gakonst @bantg @rakitadragan Massive, almost 4x throughput after we implemented. We are actually releasing the testnet for this in the next few days; As soon as its public I will send you some more technical details. Supetset insructions are only one of the components
@FantomFDN
Fantom Foundation
7 months
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Andre Cronje
10 days
Given 2 options; Dapp earns 0 $ for all the fees it generates for a network or Dapp earns % share of fees it generates for a network Choice seems simple.
@FantomFDN
Fantom Foundation
10 days
1/ Last week, the top 12 gas-producing dApps on #Fantom earned over 85k FTM as part of our Gas Monetization quarterly bonus. 🌟 We're excited to feature these innovative dApps for driving the most user engagement. Discover the first 6, and we'll reveal the final 6 on Monday 👇
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Andre Cronje
6 months
@moneyduplos Instant (sub 500ms). Sonic was specifically designed for a new generation of apps; games, social, messaging, streaming etc. Sonic has the highest tps, lowest finality, and highest scaling ceiling of any blockchain currently.
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Andre Cronje
1 year
💰
@FantomFDN
Fantom Foundation
1 year
The Fantom Foundation is supporting creators through a variety of funding opportunities. Below are three powerful avenues for projects to receive funding to support their development (+ a bonus 👀) Check out how builders can get funding on #Fantom 👇
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@AndreCronjeTech
Andre Cronje
6 months
If you are interested in unlocking the true potential of EVM, give it a watch.
@FantomFDN
Fantom Foundation
6 months
Straight from our Chief Research Officer, insight into #FantomSonic 's radical new design: → advancements of the #FVM → Sonic's tech stack → storage reduction (Carmen) → consensus improvements → how dApps transition smoothly Full @VerticalBlocks episode drops next…
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@AndreCronjeTech
Andre Cronje
5 months
@gakonst Disagree with this take, we did a significant amount of research on parallelism, while I will acknowledge there is an increase of around 30%, this is fairly insignificant given other optimization to the VM (superset instructions, switching from 8-bit opcodes to 16-bit opcodes,…
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@AndreCronjeTech
Andre Cronje
1 month
@thecoindaddy Fantom has, and still is, very simple to define. A high throughput blockchain. Just like when Opera launched everyone else was maxed at 7 TPS, and we maxed at 200. Now some chains can manage up to 1k, and Sonic can do 10k. It is the nature of technology, keep increasing…
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@AndreCronjeTech
Andre Cronje
1 year
@cryptofarmftm I'm a "anyone that builds on Fantom" fan. If they build on Fantom, I look into them.
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@AndreCronjeTech
Andre Cronje
27 days
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@AndreCronjeTech
Andre Cronje
4 months
. @SjHarcourt is a beast. Absolute pleasure to work with him.
@verticalblocks
Vertical Blocks
4 months
Missed the new Fantom Edge episode with @SjHarcourt ? No worries, you can enjoy it here on X Listen in as he explains everything you need to know about Sonic Labs, Fantom's new accelerator program 👇
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@AndreCronjeTech
Andre Cronje
1 month
@gbozzman Not doing any interviews until all of our blog articles on all the future roadmap items are released. We have very detailed articles in review with a publishing schedule, the very reason the community became so upset was because Kong agreed to an interview and tried to not answer…
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@AndreCronjeTech
Andre Cronje
1 year
Impressive reporting.
@beethoven_x
Beethoven X
1 year
It's about time we dropped a little SOUL BUSTIN’ PHUNK! 🕺 Take a dive into the echelons of the next level! @0xSouvlaki has truly gone above and beyond. The etherically exhilarating, euphorically uplifting sounds of the: ANNUAL PERFORMANCE REPORT. 🔗:
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