The Thesis Guy ⏐ Doctor turned zk/Web3 researcher & ghostwriter⏐To grasp the Core Product Thesis of zk/web3 projects, sub my newsletter Just The Metrics
ZK is The Endgame.
Meaning,
The future of trustless blockchain networks lies in Zero Knowledge Proofs (ZKP)
zk-SNARKs are by far the type of ZKPs that have seen widespread adoption & development
Here's a thread that breaks down the mechanics of zk-SNARKs and their impact🧵👇
Ethereum's Account-based ledger model is dominating the DeFi space for now!!
but DeFi on
#Cardano
is on the rise.
Here are the reasons why E-UTxO ledger archictecture of
#Cardano
is superior to the Account-based model of
#Ethereum
🧵👇
"
#Cardano
's TVL in the native currency terms is reaching an all-time high
Remarkably,
this is happening at a time when the sentiment in the
#Crypto
market is at its lowest in its history,
& TVL of all other L1s is falling
#Cardano
has achieved this feat 100% organically,…
Djed was the Quintessence of ''stability'' in ancient Egypt
The symbolic backbone of the god Osiris, the god of Afterlife & Ressurection
And Stability is what Djed is bringing to the
#Cardano
ecosystem
Here’s a deepdive on the tech behind Djed, stable coin on
#Cardano
🧵👇
Now I am officially a
#Cardano
Ambassador.
#CardanoCommunity
, thank you so much for the support
Thank you
@Cardano_CF
, for supporting me in continuing the work
This is one of the best Xmas gifts I ever got
Looking forward to continuing the work with more intensity in 2023
#Ethereum
's account-based model & smart contract based on Solidity is a marriage made in hell
Vasil-HFC Event is on the horizon
& its time to unleash synergies of
#Cardano
's EUTxO model & Plutus
Here's a thread on why EUTxO model & functional programming is what DeFi needs🧵👇
''Ouroboros consensus Protocol'' is the heart of
#Cardano
which gives it rigorous security guarantees comparable to those achieved by the Nakamoto consensus of
#Bitcoin
Here’s a breakdown of the tech that makes
#Cardano
more similar to
#Bitcoin
than any other L1 out there:🧵👇
Currently,
#Cardano
has a MAV of 24, and
#Ethereum
has a MAV of 3
This shows that the
#Cardano
networking layer is eight times more decentralized than the networking layer of
#Ethereum
#Cardano
is anticipating a new wave of upgrades with the Vasil HFC event on the 29th of June 2022
Upgrades on Plutus-
#Cardano
's smart contract platform (CIPs)
are among the most anticipated components of this HFC event
Here’s a breakdown of each one of those upgrades:🧵👇
#Cardano
just embraced the
#Vasil
upgrade
Its the right time to look back at the groundbreaking successes of
#Cardano
A novel consensus protocol based on Proof of stake (PoS) is one of them
So let's compare & contrast the PoS of
#Cardano
with PoS of
#Ethereum
🧵👇
'Parallelism' is a core feature of
#Cardano
's EUTxO ledger model
This is one of those features that enable the creation of scalable DApp on
#Cardano
So let's dive in and explore the concept of 'Parallelism':🧵👇
The point of
#Cardano
with its solid scientific and mathematical foundations was not to replicate the degen DeFi space of
#Ethereum
But to elevate decentralized Finance to a whole new level
Maladex is an upcoming project on
#cardano
which aims to live up to that expectation🧵👇
#Bitcoin
is the only
#blockchain
that offers
Dynamic participation for validator nodes in a decentralized environment
None of the PoS
#blockchains
can offer this
But Ouroborus Genesis will make
#Cardano
the first PoS
#blockchain
with this capability
How? Here's a Thread🧵👇
Although
#Cardano
's architecture is fundamentally different from
#Ethereum
's
1st gen of dApps on
#Cardano
resembled EVM's account-based programming model
BUT
The future belongs to dApps that fully leverage the E-UTxO model of Cardano
Here's a thread on distributed dApps🧵👇
There is a ridiculous project on
#Cardano
with a worthless token,
that is doing more for your network than you can even imagine.
Wondering how?
Here's a story on how a meme coin is decentralizing the networking layer
#Cardano
🧵👇
This year
#Cardano
is anticipating the implementation of multiple performance enhancements to increase its throughput
''Diffusion Pipelining'' is one of the most anticipated upgrades on
#Cardano
.
So let's dive in and see how it helps
#Cardano
to increase its throughput
🧵👇
Hydra: The Layer 2 scaling solution with ''Isomorphic state channels''
is one of the most anticipated scaling solutions on
#Cardano
which awaits its implementation in 2022
Here’s a breakdown of the tech that brings Layer 2 (L2) scaling to
#Cardano
: 🧵👇
#Cardano
saw an incredible amount of development in the 1st month of 2023
But when it comes to its influence over shaping the future of the
#Cardano
ecosystem
One development stood above all others
It's not
#DJED
or the launch of another dApp
Curious? Here's a thread 🧵👇
Running a full node is the most trustless, censorship-resistant & decentralized way to interact with a blockchain
But what if you can enjoy the same benefits by running a light client of
#Cardano
on your phone
Yes! that's where we're heading
Here's a thread on Mithril🧵👇
We just launched our channel!
#ThisWeekInCardano
We are rookies, and this is the first step in our youtube journey.
So please support us with your valuable feedback.
via
@YouTube
#Decentralization
of the networking layer of
#Cardano
is the most anticipated upgrade after the
#Vasil
HFC event
P2P is one such upgrade that will make
#Cardano
a far more decentralized & resilient network than what's it now
So here's a thread on peer-to-peer (P2P) networking
With the release of the new node version 1.35.6.
#Cardano
now supports Dynamic peer-to-peer (P2P) networking capability
This update brings a significant boost for the
Resilience & decentralization of
#Cardano
's networking layer
Why?
Let's dive in🧵👇
Controversial take:
#Cardano
did a huge mistake by ignoring
#India
There are 749 million people in India with access to LTE
Meaning,
No need of solutions like
@WorldMobileTeam
Ignoring this market will eventually be seen as one of the biggest misstep of
#Cardano
This is one of the most puzzling statements I have ever seen
@Justin_Bons
Here are the reasons why the accounts-Based model of
#Ethereum
is inferior to the E-UTxO model of
#Cardano
and
What
#Cardano
is bringing this year to demolish EVM-based DeFi
🧵👇
To the
#CardanoCommunity
Because I am pivoting more and more to making content only about
#Cardano
I am stepping down voluntarily from my job as a technical writer of
@orbisproject
, as I would like to focus my time on the broader ecosystem and Cardano
This year
#Cardano
is anticipating multiple enhancements & optimizations to increase its throughput
''Input Endorsers' is one of the most anticipated upgrades on
#Cardano
So let's take a look at this concept and how it is helping
#Cardano
to increase its throughput
Bad day for
#Crypto
But
#Cardano
is marching forwards
@InputOutputHK
is introducing a developer toolkit in collaboration with
@obsidian_llc
For implementing micropayment solutions through light wallets
A payment solution that is leveraging the Hydra Head protocol👇
#Cardano
is the 1st
#blockchain
developed from a scientific philosophy based on peer-reviewed research
Now,
#Radix
is emerging as a new contender
also underpinned by a strong commitment to peer-reviewed research
bringing a fresh approach to scalable distributed ledger tech
Today reached 8000 followers on Twitter
Making educational content about
#Cardano
has been an exciting personal journey for me
And the people I met at the
#CardanoSummit2022
inspired me to go further
I am genuinely grateful for the support of
#CardanoCommunity
Almost 90% of
#Ethereum
's L2 TVL is on rollups such as
#Optimism
&
#Arbitrum
Which lack critical safety measures & are governed by multisigs
putting billions of user funds at risk
Here are the reasons why these rollups are ticking timebombs,
waiting to go up in flames🧵👇
@IOHK_Charles
, when Rogan??
Now would be a good time to be at the
@joerogan
podcast to talk about the path
#Cardano
is taking
Separating it from the madness happening around us
Because for the outside world it is all
#Crypto
''Determinism'' is a core feature of
#Cardano
's E-UTxO ledger model
This is one of those features that differentiate and brings an edge over the indeterministic nature of
#Ethereum
's Account based ledger model
So let's dive in and explore the concept of ''Determinism'':🧵👇
#Cardano
&
#Aptos
belong to two extreme ends of a spectrum
One is highly decentralized with the best-in-class validator distribution
The other is highly centralized, with a permissioned validator network
I'm curious how $ADA and $APT are even in the same asset class!!
Although
#Cardano
's E-UTxO model is fundamentally different from the account-based model of
#Ethereum
,
most dApps on
#Cardano
closely resemble the account-based programming paradigm.
Now, it's time for a change
Welcome to the age of distributed dApps🚀
#Cardano
Vasil HFC Event is scheduled on June 29th 2022
#CardanoCommunity
is waiting for the deployment of many of the industry-defining dApps on
#Cardano
So it's time that we inform ourselves about these dApps that would be going live on
#Cardano
So here's the first edition of
#ThisWeekInCardano
This will be the first in a series of threads that will be published every Sunday
Giving you a summary of the major events in the
#Cardano
ecosystem
This thread will also feature a project from the ecosystem
Let's dig in🧵👇
Here's how
#Cardano
is combining
#Bitcoin
with functional programming (EUTxO +
#Haskell
)
in building a safety-critical open financial infrastructure
in a methodical and systematic way
My first article in collaboration with
@Adapulse_io
I have been a part of
#CardanoCommunity
since 2018. It's my dream to be part of a team that could bring immense value to
#Cardano
Today that dream came true and I am proud to be a part of
@orbisproject
. Thank you so much for this opportunity
@ryanmatovu
Let's scale
#Cardano
Running a full node is the most trustless, censorship-resistant & decentralized way to interact with blockchain
NOW
Envision a world where your smartphone's
#Cardano
light client offers the benefits
With Mithril running on
#Cardano
mainnet
This is soon becoming a reality🧵👇
Last week
#Cardano
saw 2 of the most significant events of the year
#IOScotFest
&
#CardanoSummit2022
Many important announcements were made during these events
Here's a 30-second summary of the most important developments that happened during these two events🧵👇
VCs and most of the crypto Twitter try their best not to talk about
#Cardano
But if you look at the raw metrics,
#Cardano
is way ahead of other PoS chains
If you are curious to know more,
Subscribe to our newsletter to get smarter & save your time👇
As it stands, the Haskell-Plutus platform serves as the primary tool for developing & deploying smart contracts on
#Cardano
However, a novel programming language "Aiken" is emerging as a superior alternative
Discover what sets Aiken apart & why it's a game-changer for
#Cardano
Our ebook is coming soon 📔🔥
It's packed with easy-2-understand assessment frameworks & examples
So you can discover the actual value of an L1
Before it's on Amazon, we will give a 50% discount to the
#CardanoCommunity
Like, RT & Tag 2 friends
I´ll send it your way via DM
The current publishing industry is archaic & restrictive
One
#Cardano
project is challenging these centuries-old business models.
Having published 100,000+ books on
#Cardano
,
this project empowers readers & users alike
Here is everything you need to know about
@book_io
👇
@orbisproject
is one of the first projects engaged in building mission-critical scalability infrastructure on
#Cardano
Bringing L2 scalability to Cardano through Zero-Knowledge(ZK) Rollup
Here’s a breakdown of the tech that scales
#Cardano
to be a global financial platform:🧵👇
I'm thrilled to announce that I am collaborating with
@dcspark_io
by crafting easy-to-understand threads about technical concepts & their products
So you can stay informed about what
@dcspark_io
is building for the
#CardanoCommunity
Stay tuned for some exciting content!
📒Many of you want to read more easy-to-understand explanations for technical concepts and our products.
✍️We hear you - we have brought on board an exceptional writer
@SoorajKSaju
to create Twitter threads that cater to this need
Stay tuned!
#dcspark
#CardanoCommunity
The biggest takeaway from this
#CardanoSummit2022
was
People in
#Cardano
are more important than the tech of
#Cardano
Everyone I met at the summit has a personal story that connects them to
#Cardano
And that's what makes
#Cardano
resilient & unique
The biggest takeaways from the recent events related to
#Ardana
and
#ORBIS
1/5 🧵👇
⭕️ Never participate in a "retail" funding round of a project with just an idea and a white paper
- Because white papers and ideas are no replacements for an actual product
#SEC
does what
#SEC
does, but
#blockchain
tech is here to stay
So, today we are talking about Mithril
A critical component of the Basho scaling phase of
#Cardano
& Its crucial role in scaling
#Cardano
for a billion users
To know more, Subscribe👇
@IOHK_Charles
&
@InputOutputHK
are doing a fantastic job
by investing in Labs & collaborating with different universities around the world
The same approach could work in
#India
too
Collaboration with institutes like IITs will help to raise awareness about
#Cardano
#CardanoCommunity
is in the top three and growing & more and more Projects are building on
#Cardano
99% of the fud on
#Cardano
is not honest criticism
They do it to legitimize the drawbacks of the platform they are invested in
Or to do engagement farming
Last week was incredibly eventful for
#Cardano
👉Hydra Head went Live on
#Cardano
Mainnet
👉
#Cardano
's NFT Market ranks top 5
👉Integration with Ledger Enterprise
& more
Stay up-to-date with the latest news & developments in
#Cardano
by subscribing 👇
TL;DR -
E-UTxO model of
#Cardano
offers
• off-chain execution complex logic→ scalability
• high degree of parallelism→ scalability
• easier implementation of Layer 2 scaling solutions→ scalability
which makes it superior to the Account-based model of
#Ethereum
#Cardano
utilizes zero-knowledge tech for its data protection sidechain
#Midnight
With zk-Rollups live on
#Ethereum
&
#Tezos
,
they're shaping the future of
#blockchain
scaling
This week we are giving you a deep dive into zk-tech
For more, subscribe👇
In a world where
#Haskell
fuels a mere 0.65% of internet projects &
#Python
dominates with 25%
the need for a
#Python
-based SC dev platform becomes increasingly pivotal for any
#blockchain
Enter
@OpShinDev
: a game-changing tool for onboarding new developers to
#Cardano
🧵👇
The
#Valentine
SECP upgrade is now live on
#Cardano
mainnet
With new built-in functions to support ECDSA & Schnorr signatures
#Cardano
will now have
▪️Enhanced security
▪️Improved developer experience
▪️& Better cross-chain interoperability
#CardanoADA
#CardanoCommunity
Governance is a crucial component of
#Decentralization
This is something that
#Bitcoin
&
#Ethreum
conveniently ignore
But,
#Cardano
is built based on 1st principles & governance is a key focus of development
Here is a thread on Governance, Voltair era & Project Catalyst🧵👇
Here's my article about Ouroborus Genesis
An upcoming upgrade that will make
#Cardano
the first PoS
#blockchain
with similar security features to
#Bitcoin
And enable dynamic availability👇
🚨 Lido controls 32% of
#Ethereum
stake 🚨
Unsurprisingly, 99.76% of $LDO holders are voting *against* self-limiting Lido's stake
Makes sense; more stake = more 💰 flowing to holders of $LDO, decentralization be damned! 1/2
Congratulations to
@axotrade
on the much-awaited launch!
Just executed my initial trades. What a seamless experience!
Smooth and fast!
Without a doubt, the best trading platform on Cardano.
If you found this thread valuable:
1. Toss me a follow for more threads on P2E and DeFi→
@Soorajksaju2
2. Here’s another similar thread you might enjoy:
''Concentrated liquidity'' was introduced by Uniswap V3 to reduce the ''Impermanent loss''
But Liquidity providers still incur impermanent loss on Uniswap V3
So why is this happening?
and
How the solution to this problem may lie in E-UTxO ledger architecture of
#Cardano
🧵👇
If someone is trying to convince you that
#Ethereum
is destined to be the global settlement layer
and that its network effects will make its L2s serve as the sole execution layer of Web3
then they are wrong and are just pumping their bags with this narrative
and here's why👇
Sundaeswap has pulled off an impressive feat!!
I never thought that hydra implementation would happen this soon
Kudos to the
@SundaeSwap
team and the
@InputOutputHK
team working on Hydra!!!
Today our team is excited to demo something we've been hard at work on for months:
SundaeSwap on Hydra! While a ways out, this is an important milestone in not just our scaling journey, but Cardano's as well.
We'll provide detail later, but in the meantime check out our video⬇️
Economic security is paramount for PoS blockchains
The more money that backs the staking and the more coins in circulation that are staked,
the better the quality of economic security backing the PoS chains
So here's what you should know about
#Algorand
#Radix
and
#Cardano
👇
#Blockchain
has the potential to empower creators & artists
by giving them an open & monetizable platform without centralized control
So, today we are talking about 3
#Cardano
projects that are empowering creators & artists
To know more
Subscribe👇
#Ethereum
&
#EVM
ecosystems are prone to hacks & exploits
For
#DeFi
to gain mass adoption we need an execution environment that provides security & predictability
So here's a deep dive into the execution environments of
#Ethereum
,
#Cardano
&
#Radix
and why asset based…
Are
#Ethereum
rollups a ticking time bomb?
Almost 90% of the L2 TVL is on rollups like
#Optimism
&
#Arbitrum
which lack critical safety measures & are controlled by multisigs
putting billions of dollars of user money at risk
To know more, subscribe👇
Introducing Dandelion API,
a set of APIs designed to simplify the process of developing decentralized applications and smart contracts on
#Cardano
A tool that helps developers to access and work on
#Cardano
with ease and efficiency
Want to know more?
Here’s a thread🧵👇
Why is the E-UTxO model of
#Cardano
superior to the Account-based model of
#Ethreum
?
1. The smart contract validation is performed on-chain and all other logic is off-chain
2. The ‘local’ nature of transaction validation allows for a high degree of parallelism
You could ignore most of the drama in CT around Midnight
if you zoom out and realise that a for-profit company is leveraging whatever it has built
and combining that with useful open-source technology
to build a platform enabling a much-needed use case for enterprise adoption.…
#Tezos
is the most underrated L1
#blockchain
Which has undergone 13 upgrades using decentralized governance
& now offers unrivaled scalability
compared to chains like
#Cardano
&
#Ethereum
Subscribe to read everything you should know about
#Tezos
👇
Last week we saw,
the 1st stablecoin & synthetic assets going live on
#Cardano
builders coming up with amazing tools to accelerate the adoption
& poorly managed projects failing
Here's a 30-second summary of all major developments in the
#Cardano
ecosystem
#ThisWeekInCardano
#Cardano
has a better staking experience than
#Ethereum
That reflects in the number of wallets staked and the staking ratio
#Cardano
has 2x more wallets participating in staking than
#Ethereum
and 4x more staking ratio than
#Ethereum
BUT
If you look at the net staking flow
To
#CardanoCommunity
We just launched a dedicated channel to explore ways to bring awareness about
#Cardano
to
#India
In our first episode, we are discussing the opportunities for
#Cardano
in India
Please subscribe & support our mission!
Composability is what makes
#DeFi
great, and that's what gave
#Ethereum
the first mover advantage in
#DeFi
and now its all going to get destroyed!
Why?
Here's what you must understand before swallowing the rollup and sidechain pill👇
What is composability?
Composability…
When it comes to the expressiveness of programmability
The E-UTxO model of
#Cardano
offers the sweet spot between the capabilities of
#Bitcoin
&
#Ethereum
Why?
It's so much more expressive than the
#Bitcoin
script
But it has a very low surface area for attacks than
#EVM
It’s always nice to know that the EUTXO model presents a good hybrid transaction model that marries computation and verification structures into one.
It’s so far a remarkable middle ground between capabilities in the Account model(compute) and UTXO model(verification).
So here's the 2nd edition of
#ThisWeekInCardano
This thread will give you a weekly summary of the major events
that happened in the
#Cardano
ecosystem
This thread will also feature a project from the ecosystem
and this week, we are featuring
@liqwidfinance
Let's dig in🧵👇
A conversation with Robert Sasu on
#MultiversX
:
- A Deep Dive into the Scalability Approach of MultiversX
- Comparing Account Abstraction and ERC-20 of
#Ethereum
with Relayed Transactions and the ESTD Token Standard of
#MultiversX
- Adoption and Future of MultiversX & More👇
So what are the different ledger models?
1.
#Bitcoin
's UTxO (Unspent Transaction Output) - ledger model
Satoshi invented
#Bitcoin
to be the permissionless decentralized internet money
Bitcoin introduced the UTxO ledger model to fulfill that purpose in the most elegant way
I really believed in Orbis, the tech, and Ryan
Never thought it would end up like this
Doing a token sale without even an MVP, as promised felt immoral
That's one of the reasons for me to step back
But I never had any clue that this was a rug
#Tezos
is an open-source platform that addresses key barriers facing blockchain adoption:
Upgradability, Security, & Scalability
In this thread, we take a deep dive into these 3 aspects of
#Tezos
& explaining why enshrined rollups are SUPERIOR to rollups on
#Ethereum
What i admire most about
@ArmySpies
is his discipline and perseverance in producing contents about
#Cardano
Every single day
My dream is to be like him, educating people about
#Cardano
every single day
This guy is a real inspiration!!
#Ethereum
Virtual Machine has shaped the landscape of
#Web3
BUT
Flaws of
#EVM
has resulted in the loss of billions of dollars in
#DeFi
hacks
Here are 10 reasons why
#blockchains
need VMs that can inherently recognise & define assets
for the real-world adoption of DeFi🧵👇
A year ago, I started writing about
#Cardano
During this time
▪️I wrote 50+ educational threads
▪️Published a book, started a
#newsletter
& YT Channel
▪️Worked with amazing people
Thanks,
@DiMoneymindset
, for motivating me to start writing
@
#CardanoCommunity
for supporting
Ethereum's Account-based ledger model is dominating the DeFi space for now!!
but DeFi on
#Cardano
is on the rise.
Here are the reasons why E-UTxO ledger archictecture of
#Cardano
is superior to the Account-based model of
#Ethereum
🧵👇
Today I came across a concise, informative, and very well-designed E-book on
#Cardano
's E-UTXO ledger architecture
This "E-UTXO handbook" gives you a brief overview of
• E-UTXO vs. Account model
• AMMs vs Order-book
• Impermanent loss
check it out👇
A conversation with Zygomeb, the founder of Ethereal DAO & Optim Finance
We talked about 👇
- Ethereal DAO & why
#Radix
was chosen as the platform for this project!
- The broader stablecoin ecosystem
- Teaser on Optim's O-ADA, the upcoming "Degen" DeFi product on
#Cardano
#Cardano
stalled and hit a brief pause begining of this year
but that's not a bug, it's a feature!
It's how the system is set up to work with its current rules of Ouroboros Praos
Let's dig in👇
Ouroboros Praos employs a checkpoint system to prevent long range attacks and…
Most of the "crypto Twitter" have no clue about what is coming!
#Cardano
is going to unleash the full force of its smart contracts after the Vasil HFC event
DeFi, which is leveraging the EUTxO model is what the world needs!