Cryptonata

Actively watching the cosmos...

[Cryptonata @0xCryptonauta]

@gakonst @ithacaxyz 🔥

[Georgios Konstantopoulos @gakonst]

Introducing the Porto Developer Preview!

What if passwords did not exist?

What if the web was built natively for payments?

Porto is the open-source Typescript library we've built @ithacaxyz that gives accounts the superpowers to answer these questions.

Learn more below 🧵

[Ethereum @ethereum]

Pectra is live on Ethereum mainnet!

- Smart account wallet UX features now active
- L2 scaling data storage blobs increased by 2x
- Validator UX improvements live

Community members will continue to monitor for any issues over the next 24 hours.

[Cryptonata @0xCryptonauta]

@osmosis @BitGo @axelar @OmnityNetwork @nomicbtc @nomicbtc still alive 👀

[Cryptonata @0xCryptonauta]

@0xkydo This is the old trick - the cosmos scam.
Total supply: 1B
Circ. Supply: 200M
Staked tokens: 700M
Team: we cannot sell cuz is staked 🤡 (earning the majority of rewards, and liquid)

[Cryptonata @0xCryptonauta]

@WinnieStakecito @MANTRA_Chain 🤡

[Cosmos - The Interchain ⚛️ @cosmos]

IBC Eureka is LIVE!

→ Transfers faster than Ethereum finality
→ Send from Ethereum for as low as $1
→ 1-click experience that supports your favorite wallet

Starting with Ethereum, @cosmoshub, @babylonlabs_io, Cosmos chains,
and soon, IBC everywhere🧵

[Satya Nadella @satyanadella]

A couple reflections on the quantum computing breakthrough we just announced...

Most of us grew up learning there are three main types of matter that matter: solid, liquid, and gas. Today, that changed.

After a nearly 20 year pursuit, we’ve created an entirely new state of matter, unlocked by a new class of materials, topoconductors, that enable a fundamental leap in computing.

It powers Majorana 1, the first quantum processing unit built on a topological core.

We believe this breakthrough will allow us to create a truly meaningful quantum computer not in decades, as some have predicted, but in years.

The qubits created with topoconductors are faster, more reliable, and smaller.

They are 1/100th of a millimeter, meaning we now have a clear path to a million-qubit processor.

Imagine a chip that can fit in the palm of your hand yet is capable of solving problems that even all the computers on Earth today combined could not!

Sometimes researchers have to work on things for decades to make progress possible.

It takes patience and persistence to have big impact in the world.

And I am glad we get the opportunity to do just that at Microsoft.

This is our focus: When productivity rises, economies grow faster, benefiting every sector and every corner of the globe.

It’s not about hyping tech; it’s about building technology that truly serves the world.

[Rarma @Rarma_]

Don't know the technical implementation, but hes been working on the SDK for how long? Seems to show that it could've been done a long time ago just no one cared to stop teams/vc's cashing out.

Anytime above $0 is better than never, but the damage has been done to TIA already, hundreds of millions in team/vc staking rewards out the door.

[vitalik.eth @VitalikButerin]

The risk of politician coins comes from the fact that they are such a perfect bribery vehicle. If a politician issues a coin, you do not even need to send *them* any coins to give them money. Instead, you just buy and hold the coin, and this increases the value of their holdings passively.

Furthermore, there is deniability: holding the coin is, in terms of financial effect, a linear combination of donating to the issuer and gambling. Hence you can have the intention of doing the former but when challenged claim that you are doing the latter.

You can even hold the coin privately, and show that you are holding it to whoever you need to show; you do not need any zero knowledge proofs, you just send a test transaction.

This is all risky to democracy, for reasons very similar to what I wrote in https://t.co/nEc5VWj34s , https://t.co/w2LeAoV0D7 and elsewhere. TLDR: the economic arguments for why markets are so great for "regular" goods and services do not extend to "markets for political influence".

I recommend politicians do not go down this path.

[mert @mert]

ready?

watch this:

Celestia has a big shot to be the premier destination for all new rollups in this coming year

[Noam Cohen @noamwithveto]

Very excited to announce I've transitioned into a new role as the Product Manager for the Cosmos Hub at Interchain Inc. 💫

Now that the Skip acquisition news is out, I wanted give you an update on the current thinking around the Hub, how my previous work around Halo potentially fits in this new narrative, and why I'm personally so hopeful about the Skip acquisition and what it means for Cosmos.

The new ICF's position is that the Hub and ATOM should once again take a central role in the Cosmos eco and tech stack, which is something I 100% agree with. But what does that mean practically?

It means the Hub either becomes a platform for devs and users to directly build on and interact with, or that it offers a set of services that are eagerly leveraged by Cosmos protocols and beyond (probably both).

The primary flywheel that we want to achieve is:
better Hub > better Cosmos eco > even better Hub, because right now, no matter how well the Cosmos tech stack does, ATOM doesn't clearly benefit.

We want to work towards a future where ATOM-aligned protocols get ahead of those that aren't. Not by favoritism or pushing requirements like using ATOM as gas, but by building useful services and products that actually help protocols be more successful, go to market sooner, help them cut costs, obtain liquidity and users and genuinely excite people to align with the Hub and the ICF.

So, what services does our ecosystem need? There are three major problems I believe the Hub can solve:

Disclaimer: these are my thoughts and not the official ICF position as of yet, but these are definitely major topics we're discussing.

1️⃣ Bridging is still a mess.

How many times have you googled "how to bridge X to Y"?

How many times have you gotten stuck on some chain without gas, with your funds trapped on some in-between chain or contract that couldn't error-handle it for you?

Bridging in Web3 is currently an issue on several fronts: it's a bad user experience, there are too many options, they often require you to trust a 3rd party, and it can be costly to set up for protocols.

We have the most powerful and trust minimized bridging technology out there, and with the launch of IBC Eureka we have an opportunity for the Hub to become the on-ramp platform for non-Cosmos assets first, but also the bridging platform to connect all of Web3 in the most secure and vendor-unlocked way.

With Skip Go becoming a part of the stack, we can even go so far as to integrate other bridging protocols directly onto the Hub and use Skip's API and website to maximize distribution into wallets and websites, with the Hub running the infra that supports any network and any user.

I want every Web3 platform to just have a super simple deposit and withdraw function that can access all of Web3 and I truly believe most of the tech is already available to us in order to get there.

They key here is that we focus on usability and getting this bridging tech in front of as many people as possible. Distribution is everything.

2️⃣ Building a Cosmos chain is still costly and time consuming.

This is initially what I wanted to solve with Halo. The thinking is that if we 100x the number of chains in Cosmos, we also 100x that small portion that ends up being hugely successful, bringing valuable use cases, liquidity and users into the space.

I care deeply about creating a hacker community that's able to have fun exploring the power of the Cosmos SDK and iterate quickly and affordably. I want new protocols to be able to experiment and find product-market-fit without being required to set up ~10% inflation for Proof-of-Stake and struggle to cover high operational costs like paying for relayers, bridges or oracles.

I want you to be able to operate a sovereign Web3 application for just a couple hundred or maybe thousand USD a month, which should cover every piece of infra you need to run your network when you launch.

I want this to work with EVM, SVM, CosmWasm, MoveVM and of course, custom Cosmos SDK-based chains.

I want you to be able to go to a website, connect your GitHub repo or select a VM and go through a configuration page and see your testnet or mainnet up in a matter of minutes, while automatically being connected to all of Web3 from day one.

But I also want all of this to happen without depending on a centralized 3rd party platform or some company that could potentially hold the keys to your app. We can bring sovereignty to the masses!

I don't know yet if this is a rollup, an Interchain Security kinda thing, or something else that we might want to call a Light Chain. But I know that the focus on Security-as-a-Service was the wrong one, and that in reality chain developers are in need of so much more than that.

3️⃣ We lack the liquidity needed to compete.

Liquidity is important on so many fronts. We need more of it to reduce the price volatility on new Cosmos assets. We need liquidity to bootstrap DeFi protocols that depend on a minimum threshold of assets in order to run effectively. And we'll also need liquidity on non-Cosmos L1s and L2s so that you can use your assets after you bridge.

There are actually many ways to approach this. Offering better bridging tech and UX definitely helps. And ideally people can just bring their Metamask or Phantom wallet to any Cosmos chain. If we also enable chains to launch with an alternative to PoS we can make some progress.

Besides external assets via bridging and freeing up locked internal assets, there are other venues to obtain liquidity, the most obvious one being people's actual freaking bank accounts. The other one being institutional money.

I really love @dapperlabs' approach to onboarding to the Flow blockchain. You can buy an NBA Topshot NFT without installing a wallet, without keeping a seed phrase, without an exchange or a KYC process. You just sign in with your email and pay with your credit card. Done.

This is the bare minimum UX we need to aim for.

If we can enable this functionality in Cosmos, operated by the Hub, we can empower both crypto and Web2 applications to build user experiences that don't feel so foreign to folks that aren't crypto native, bringing Cosmos leaps forward in comparison to other ecosystems.

On the institutional side there's also a lot that we need to do. I really want to see a Cosmos Enterprise Alliance type of org with a mandate to advance the adoption of the stack in the TradFi and enterprise world.

I genuinely believe the Cosmos tech stack is super well positioned to serve this user group by providing sovereign, permissioned, confidential & compliant financial software.

I'm proud to see @crypto_numbers taking over the BD team and focus on this specific user group.

And then I haven't even talked about Hydro and the potential ways we could improve upon it and create a marketplace between liquidity seekers (e.g. protocols) and liquidity providers (e.g. farmers). Protocols have a distribution problem ("how can I get more liquidity on my platform?"), and farmers have a discoverability problem ("where can I get the highest yield?").

What if we could solve for both?

OK, cool story bro. Now what?
That's already a lot to get started on, and we have a ton of work to do to figure out what's going to be highest impact with the lowest cost as we begin designing. What I like about the above is that these pieces all slot into each other and work to build a stronger network effect when combined.

Now, obviously just building these things isn't going to be enough. This is why I'm so excited to be working with the folks over at Skip / Interchain Inc., because they've got a growth-first mindset that I'm hugely supportive of.

Going out there and doing the work to get key protocols to leverage some of the products on the Hub, expanding on a solid support structure like the @BuildersProgram, building a venture studio so we can get talent to build incredible applications, finally showing face at all the major conferences and honestly just working hard around pushing the narrative and building a community; it's all going to be critical for our success.

It's stuff that's been in the works in the background this last year, but I'm so happy to finally work with a team that also prioritizes this.

The above are some of the ideas we're currently exploring. Why I'm sharing this now is because I believe ATOM needs a fundamental paradigm shift in how we approach product & growth.

We need to be open to radical new ideas for the Hub & ATOM. This includes a more permissionless and more risk-tolerant Hub so that we can foster more experimentation.

We need to be able to ship new ideas faster, and iterate over them through a solid user-feedback process without being bogged down by bureaucracy. We need to able to move fast, make mistakes, iterate on ideas until we've got something working.

We need good accountability structures and KPIs so you, the ATOM holder, can tell whether or not we're doing a good job.

But mostly, we going to need the support and willingness of the community to expand the definition of the Cosmos Hub in order for us to enable a more ATOM-aligned ecosystem. Without this, without you, this entire thing won't be possible.

2025 is going to be a hell of a ride.

This does of course mean it's a soft goodbye to my friends in @binary_builders ! I'm super grateful for the opportunity @onurakpolat & @MarkoBaricevic_ gave me to lead the Business Development team and the never-ending support I've gotten to devote my free time to the Hub ❤️

If you're a dev or a protocol interested in any of the above ideas mentioned, do get in touch! I want to work closely with each and everyone of you.

[Josh Cincinnati @bitbanter]

(a rare serious long post from me)

To everyone in the Cosmos,

I write to you today not just as President of the ICF, but as a fellow advocate for self-sovereignty. As a longtime Bitcoiner, then Zcasher, then general privacy advocate, I joined the ICF because I came to the conclusion that money (and privacy) without a foundational focus on self-sovereignty was incomplete. The Cosmos vision was the missing piece — and like many community members in the Cosmos, I have seen the Cosmos and interchain thesis prove itself…and be at the forefront of driving crypto forward for multiple ecosystems.
None of this progress would have been possible without the ardent efforts of countless contributors, and in particular, the core teams that have been the ICF’s partners for many years. Thank you, truly, for bringing us to where we are today.

But despite how far we’ve come, the status quo of the ICF is simply not tenable. If we stay on this path, pieces of the Cosmos vision may live on in other projects, but the Cosmos itself will fracture and decay endlessly…to the detriment of everyone’s future, regardless of whether they’re part of the ecosystem or not. This much has become clear to me in my short time as President of the Foundation Council. As many people inside and outside the community have voiced: we need radical change across the ecosystem, but particularly at the ICF — which should be the beating heart of the Cosmos, but isn’t today. And I find myself at the fortunate — but difficult — position to lead by example.

It is in this spirit that I’m proud to announce that Skip, one of the most respected, execution-focused companies in our industry, is joining the ICF, and hereafter leading all product, protocol, and go-to-market strategy work for our contributions to the Cosmos. The Interchain Foundation will remain an independent Swiss Foundation, setting vision and continuing its mission of an expansive and interconnected Cosmos, but with a fully-owned, Cosmos-aligned, growth-focused subsidiary to accelerate that work.

Why Skip? @BPIV400 and @0xMagmar are phenomenal entrepreneurs and have assembled an amazing team that has worked on every single part of the stack — this is a team that is eminently capable of forging a new future for the Cosmos. They are objective contributors, having never been involved in the core teams program nor received ICF funding. They have a consistent record of shipping great products that address real pain-points for users and developers in the Cosmos. And (I can say with some degree of introspection) unlike the ICF, Skip is universally loved by the Cosmos ecosystem, and has deep relationships with teams that have been growing more distant from the Cosmos. (a trend that I hope will now reverse) I will leave it to them to discuss more of their vision in detail, but in short: the fractalization of the Cosmos is over, and the Hub will become a critical part of the Interchain Stack…but only if the community is willing to join us for a brighter future.

This is not a superficial change for the ICF. @buchmanster has stepped down from his role as an FC member — and we couldn’t be more grateful to him for bringing us where we are today and graciously passing the baton to new stewards of the Cosmos. Maxime and I will elect 3 new board members to the Foundation Council, and we will continue our work professionalizing it as a board, ensuring that it acts as a supervisor and fiduciary of the Foundation. A broader operational restructure is well underway here at the ICF; one that is difficult but necessary to build the future that all of us desperately want for the ICF and the Cosmos.

I cannot emphasize this enough: this is a radical re-envisioning of the ICF — one that many of you (rightly, I might add) clamored for since I joined the FC. As many of you are quick to point out: actions speak louder than words…and this is action on an ambitious scale.

As a bitcoiner, I often think about Satoshi’s intentional disappearance; he left his creation to its own devices for the greater good — one could argue his was an ego death without modern comparison. I believe we in the Cosmos should take this act to heart…it is a narrow path we chart through the Cosmos, but one brilliant and brimming with opportunity. We have a chance to unite as an ecosystem, and in the process, reclaim the interchain vision for the Cosmos. And I can honestly say I’ve never been more excited about our future. The ICF has fundamentally changed, and will continue to change. Only one question remains: will you also leave behind the old ICF to join us for what’s next?

Ad cosmos per aspera,
Josh

[Cryptonata @0xCryptonauta]

@mteamisloading @gogoDiegoCrypto @distractedm1nd 😂

[Cryptonata @0xCryptonauta]

@0xkaiserkarel zkgm

[Cryptonata @0xCryptonauta]

@larry0x Grugrdian?

[Larry_007__ @Larry_007__]

1/15 Over time, I came to believe that 𝒗𝒂𝒍𝒖𝒆 𝒕𝒓𝒂𝒏𝒔𝒇𝒆𝒓 remains the most promising use case for blockchain technology in the foreseeable future, aligning with its original vision. I’ve dedicated the past few months to an intensive exploration of this particular sector.

[vitalik.eth @VitalikButerin]

Possible futures of the Ethereum protocol, part 5: the Purge

https://t.co/ccGZDxgT6O

[vitalik.eth @VitalikButerin]

Possible futures of the Ethereum protocol, part 4: The Verge

https://t.co/ij3wtBByeY

[Celestia @celestia]

It’s time to go bigger 🦣

Announcing results from Mammoth Mini, a testnet averaging ~27MB/s of *permissionless* data throughput in its first iteration.

Mammoth Mini is the community’s next step towards 1 GB blocks.

https://t.co/4cKXJBQn64