NFT⚡Brit Gaile 🏃

Admin & Collab Manager || $EGLD
$VITE
#thxsummy
#BannyPaid
#NatGang
#ayuminati
#FurrFam
#SUPERFAMILY
#rubyproofs
#testiar
#christagifts
#6️⃣5️⃣🎹 || GMT +8

[Pastor West @Pastor__West]

Somebody repeat AFTER MEE!!! Ima get finer & finer and my life gone get better & better. 🤞🏽

[Sever 🌊 @SeverMM]

@mihaieremia @beniaminmincu https://t.co/HH2mZ6TWUi

[Sever 🌊 @SeverMM]

Vote for my meme!!!

I promise to everyone that likes and retweets it

that the $EGLD that I will earn from @mihaieremia

will make me happy.

[Robert Sasu | dev/acc @SasuRobert]

We all do love #SovereignShards and we have received a lot of questions regarding the economics:

1. How do I become a validator?
2. What are the benefits of Sovereign Shards on the economics model of the mainchain?
3. What is the trust model of Sovereign Shards?

The economics design for complex systems is rather important and we can create a framework where it is easy to launch custom appchains which inherit as much trust as possible.

The key words here are : dual staking, shared security and increased trust

Developers who want to create smart contract protocols like DEXs, lending platforms, and more on #MultiversX can benefit from the security of MultiversX’s network by simply deploying their contracts on it. This has enabled a rapid and diverse growth of innovative smart contract protocols on a secure platform, such as #DeFi, #NFTs, and more.

However, one of the biggest challenge for a new project launching a SovereignShard is the fact that is has to build their own trust network from scratch to get any security. This is probably the biggest challenge for every new idea to overcome the same challenge that hinders innovation in distributed systems from achieving a similar level of speed, variety, and scale as innovation in smart contract protocols.

Proof of Stake (PoS) is a way of providing some services to its users by a network. Users request tasks, and the network gives appropriate responses. The user then can check that the network response has met some quorum rules. Using Byzantine Fault Tolerance (BFT), a common user task might be to include a transaction. Here, a valid response would be a block that contains the transaction, supported by signatures from at least two-thirds of the operators.

Problem:
However, starting a new Proof-of-Stake (PoS) network is difficult. It usually involves creating a new token and convincing people to buy and stake the token. These native tokens are often unstable, causing high inventory risk for holders. These native tokens might also be hard to get because of their newness and lack of exchange listings.

Imagine a world where you could access the security and trust features of MultiversX programmatically according to the needs of your custom systems, being it in this case the Sovereign Shards. Furthermore, by tapping into this design, SovereignShards could enjoy shared security, bigger economic trust and more selection on the Validators. In this world, developers would not have to worry about creating a trust network from scratch. Instead, they could design systems that pay fees to the programmable network to get the amount of security they need, in order to build innovative systems.

Solution: Dual Staking with ReStaking
Dual staking uses two tokens to secure the same PoS network. If one of these tokens is an external network token with lower volatility, higher liquidity, and more access, such as $EGLD, it could solve the problems new PoS networks face. Dual staking makes the bootstrapping process easier. Instead of requiring stakers to hold an unstable new token, they can stake $EGLD into the network. Along with staking $EGLD, stakers can also stake the network’s native token. Dual staking also reduces the “death spiral” effect. If the native token’s price declines, the PoS network’s security is still impacted, but the effect is limited. This is because the EGLD staked in the PoS network provides a basic economic security.

To further enhance the design, the $EGLD does not need to be used directly, but a liquid staked format of it will be accepted, effectively creating incentives/stable income for all who enter the Sovereign ecosystem as well. This is what we can call reStaking. With this, Sovereign Shards can tap into the already existing economic and decentralized trust of existing validators and new economics models can be hooked to it instantly. Finally, using this framework a complex shared security state can be achieved between multiple parties.

From this design the whole ecosystem can gain on multiple fronts. Staking $EGLD will result in a stable yield thus validators will have a source of stable income. The new Sovereign Shards will bring more usage and more fees to both SovereignShard validators and to the mainnet as well. Enhanced composability will mean that most of the dApps on the mainnet will be as a central focal point for the sovereign shards. Validators/delegators will be able to earn additional rewards from fees accumulated on SovereignShards and from rewards of the second staked token. Any sovereign shard will start by default with a high trust. The design is opt-in for any project, not mandatory, as the freedom of building is of utmost importance.

And as always, #itistimetobuild

[The Palm Tree ⚡Network @ThePalmTreeNW]

1/10 We're excited about @MultiversX's partnership with @umbnetwork! 🌟

🔥They are thrilled to support the @MultiversX ecosystem with Umbrella’s On-Chain Data Feeds, enabling developers to create groundbreaking #DeFi protocols and more.

But, What is Umbrella Network?🤔👇

[NFT⚡Brit Gaile 🏃 @BritGaile]

Thinking of ways to pass the time?
Try this... 💯

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[ᕈulsar Money @PulsarMoneyApp]

Introducing Pulsar Money Premium
read more: https://t.co/2yT0Sb77N5

@PulsarTransfer send 1000000 MEX to 1000 reactions
Surpass the past boundaries and perform now campaigns up to 1000 transfers by just posting a tweet. Extend past the maximum of 3 campaigns per day, while new premium features are in the pipeline alongside new integrations.

The Social Payments module has attained great traction, emerging as the most utilised web3 payment tool on MultiversX. Yet, this is merely the start of its evolution.

For scalability reasons the newly introduced Package contains a system to harness the power of the Social Payments and bind a sustainable model to it. Thus, a fee of 0,000095 EGLD per transfer will be applicable on top of the 25 free transfers available in the Freemium Plan.

Switch the toggle on your Social Payments Profile page and expand your limits.

[xLaunchpad @xLaunchpadApp]

Excited about the @Ta_da_io launchpad and eager to start your KYC process?

We have streamlined the process with the help of the @xPortalApp, so let's catch up with what’s new or still raises questions 🖼️.

For additional information, you can access:

1️⃣ FAQ: https://t.co/8yt73nHJ1K
2️⃣ EEA flow guide: https://t.co/wQVPYlIMTb
3️⃣ Non-EEA flow guide: https://t.co/1xTz0bObzr
4️⃣ How to associate a different snapshot wallet address: https://t.co/UJaC3PAqNM
5️⃣ Telegram chat: https://t.co/uuFjnSMhBW
6️⃣ In-app support (Cash > Need help)

AI is here. Growing by the day. Share in the upside with @Ta_da_io 🔥

[Telekom Web3 Infrastructure & Solutions @mms_Blockchain]

FACT FRIDAY – @MultiversX

Back to our friends at @MultiversX for our weekly FACT FRIDAY. Let's take a look at what we can expect from @MultiversX in 2024.

· Transactions are getting 12 times faster due to
next planned protocol upgrades
· Infrastructure costs for validators & node operators
are going to be much cheaper thanks to the new multi-
key feature (up to 92%)
· Sovereign Shards: Alpha+ release planned; you can
expect in 2024:
· “Fully featured sovereign shard binary with
configurable genesis, validator set, block time,
gasmodel, ESDTs, guardians, systemVM and
WASMVM
· Setup any ESDT as base token/gas token, and all
token transfers will be ESDTs
· NO BRIDGE Seamless cross mainchain to sovereign
shard transactions, making any sovereign shard as
an extension to the current ecosystem.”
· EVM-compatible Sovereign Shard by OneFinityChain

Upcoming @xPortalApp Features in 2024:
· More chains
· Instant onramps
· P2P Transfers
· GooglePay
· ApplePay
· Ledger Support
· Onchain Gamification

Want to dive deeper into all the upcoming things? Check out the sources below:
https://t.co/bl4c4St1rv
https://t.co/aATFlTn0oT
https://t.co/FP5l7dQJ8U
https://t.co/L91msItXD5

[Ta-da @Ta_da_io]

🎉 Yesterday, another "prize pool" wrapped up, paving the way for a new one!

🚀 We're continuously testing and improving the Ta-da app until its official release.

🙏 A big thank you to our community for their efforts during our beta.

🔥 Newcomers, here's a code to join the beta (valid for the first 30 users, so hurry up!): b88c396053

[Pastor West @Pastor__West]

Your entire house is about to be BLESSED. Thank God in advance..

[Alex Ștefănescu | DiXiD @stefanescualexx]

Join the Gleam competition organized by @Ta_da_io and win a part of the $8,000 prize pool in $EGLD. 💰

@PulsarTransfer send 1000000 MEX to 1000 retweets

Stand a chance to win up to $2,000! 💵

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[NFT⚡Brit Gaile 🏃 @BritGaile]

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[Beniamin Mincu |🇺🇸/acc @beniaminmincu]

move fast, and build things.

a few insightful details about the #MultiversX rust franework 🔥⚒️

10x security, 10x effectiveness, 10x utility.

[Robert Sasu | dev/acc @SasuRobert]

.@OneDex_X choose the right thing to do and to leverage their technology and build even more.

The @OneFinityChain have set the goal to implement the EVM (Ethereum Virtual Machine) on the Sovereign Shard, using the technology of #MultiversX.

Builders are going to build.

Although EVM has its set of limitations and problems, with clever design some of these can be easily overcome. When the Sovereign Shards will get the parallel execution feature, this will work on the built EVM virtual machine as well.

Approve and TransferFrom are still problematic, but leveraging two technologies from the MultiversX chain it can be made safer to users:

1. Batch Actions: each UX can create a batchTx for the user with 2/3 actions and all are executed atomically. (It is one tx with multiple actions, with atomic inclusivity and/or execution). So a dApp can prepare approve for just enough tokens which is going to be used in the next actions, and a revoke actions if there is no way to know beforehand the number of tokens used.

2. Transaction Simulator: wallets can simulate and show the result of the execution before the user signs it, in a visible manner. This can help resolve phishing attacks.

If we look forward, on the implementation of EVM, the same storageContext interface is used as on WASM VM, and we are planning to implement linear storage types there, which can be inherited by the EVM implementation as well. Solving the reentrancy issues.

Doing all this, we can show that even EVM issues can be resolved on #MultiversX technology.

So, #itistimetobuild

[NFT⚡Brit Gaile 🏃 @BritGaile]

@erd1Phantom Left behind na naman tayo 🥹

[NFT⚡Brit Gaile 🏃 @BritGaile]

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[Multiversᕽ @MultiversX]

Enter the @Ta_da_io Gleam challenge and win your share of the $8,000 in $EGLD prize pool 🔥

Discover the platform enhancing cutting-edge AI models via #MultiversX microtransactions & participate in the growing AI data economy.

Win up to $2,000! 🍀

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[Supremo ✪ @erd1Phantom]

$8,000 up for grabs in @MultiversX + @Ta_da_io Gleam giveaway!

Top prize of $2,000 in $EGLD 🔥

@PulsarTransfer send 500 egld to 500 retweets
https://t.co/QMzAVxisF5