What I dislike about #MultiversX:
Security: The security measures are excessive, and there are no wallet drains! Who needs such security in the 2024 crypto space?!
@xPortalApp: Why bother with an intuitive and safe wallet when you can store your crypto on centralized exchanges?
Fast Transactions: Who needs fast transactions when you have 7 TPS on #BTC and 14 TPS on #ETH?
Solid Community: Who cares about having a strong community for a crypto project?!
Decentralization: Why store your money on a blockchain with over 3,200 validators?
$1 Million Grants: Who wants free money for building projects?!
$EGLD #EGLD #EGLDSqueeze
I made a semi $EGLD staking advice thingie.
TL;DR - $EGLD is being sold daily by staking providers charging high fees and contributing low values.
When delegating, go for low/zero fees and higher APR providers.
It's a great time to unstake and redelegate, you can earn up to +2% APR vs what you are earning now,
AND
you get to influence the downwards pressure on $EGLD from providers who basically just suck value out of the system while providing (very basic) commodity service.
Din păcate Europa e pe cale să piardă și revoluția AI-ului.
În alte părți se inventează AI-ul, în Europa se reglementează. Evident, doar pentru Europa. Că n-au cum să-l reglementeze la alții acasă.
Problema e că mai trece încă o oportunitate pe lângă noi. Și apoi ne întrebăm de ce Europa nu are nicio companie în top 20 de companii tech din lume. Toate sunt din SUA și Asia.
Acum câteva luni comisarul european Thierry Breton se lăuda că Europa e singurul continent care s-a grăbit să reglementeze AI-ul. De fapt nu era un motiv de laudă. Exasperarea a venit câteva zile mai târziu chiar de la Emanuel Macron care i-a zis: „nu o să reglementăm niciodată ceva ce nu producem sau nu inventăm.” Are dreptate.
Europa are un potențial enorm, o piață cvasi-unică de 450 milioane de oameni cu mult capital acumulat. Dar acest potențial este masiv îngreunat de supra-reglementare și birocrație, care sufocă inovarea și prosperitatea pe termen lung.
SovereignChains powered by $EGLD
What do we want to value: high performing amazing #SovereignChain.
The SovereignChain technology is amazing, more features, more innovation, more specs than other SDKs. Cheaper to run (you can run on low end machines). Faster execution, more scalable, more secure, guardians, multiVM.
Thousands of hours of research, development, and more to come with all the interoperability modules. There is no other SDK like this. No bridge for cross-chain transaction, composability between chains, interoperability built in.
MultiVM with atomic composability - world's first. Making EVM better than the original one, faster, safer and more secure. Integration of other VMs, multiple communities can come and launch all dApps from different ecosystems.
Think big, build what it matters, build big. It is possible.
SovereignChains SDK built by #MultiversX
Why #MultiversX ?
When we say we are building/have built the best overall #blockchain , people get suspicious and they rarely read the next lines. In 2018-20, everyone said ElrondNetwork cannot build a sharded chain, as they are not a stellar team. Some stellar teams from back than have left the crypto space. But we delivered.
Now let enumerate a set of existing features, of the protocol only:
1. Decentralised network. >3200nodes. 2nd after ETH.
2. Secure. Provably secure, resolve theoretical and practical attack vectors. Acknowledged by auditors and researchers.
3. No downtime.
4. No shard takeover attack.
5. Scaling horizontally through sharding.
6. Super fast. 30K TPS in current setup.
7. No wallet drains.
8. ESDTs - the best token standard out there for Fungible, NonFungible, SemiFungible, DeFi assets, everything. Launch permissionlessly. These are native assets, as powerful as those but customisable.
9. Best composability. TransferAndExecute + BackTransfers. Every integration of a new contract and asset is easy.
10. SovereignChain SDK
11. SpaceVM - the fastest and most secure VM, running on top of WASM, provably fastest and with most OPCODES for builders
12. Integrated DNS on protocol level, Herotags.
13. Guardians - on-chain 2FA, a secondary key to protect your funds.
14. Asynchronous calls.
15. Cross shard transfers, execution, reverts, calls
16. Staking system.
17. Validator system.
18. Built in Delegation and Staking Provider system. >125K delegators.
19. Complete support for Liquid Staked assets, making those help decentralisation rather than centralisation.
20. On-chain governance
21. TransferRoles for ESDTs and complex operations.
22. Composable tasks on-chain.
23. MultiTransfer and execute of assets.
24. Re-entrancy protection by design.
25. More than linear storage for ESDT assets.
26. No overflows. Integrated safeMath.
27. Integrated Crypto OPCODES on VM.
28. BigFloats, BigInts, BigDecimals.
29. No Sandwich attacks. Front-running and MEV protection.
30. Relayed Transactions.
31. Smart Accounts - data tries and multiple built in functions.
32. Generalised Paymaster Solutions.
33. Subscriptions. Web2 usability with web3 functionality.
Next in line - Vega Release:
1. StakingV4 - open markets for validators
2. MEV protection improvements
3. ReStaking for SovereignChains
Intermediate release:
1. ESDT V2 - dynamic ESDTs, best in class assets for games, tickets, dynamically evolving NFTs.
2. RelayedV3 - gasCost improvements, batching multiple TXs inside one relayed TX, multi user support
3. SECP256R1 crypto OPCODE - enables SC based Accounts which are controlled through passkeys from phones - complete Web2 experience in Web3.
4. BLSMultiSigVerifier
5. SovereignChain enhancements, special OPCODE for cross chain operations, seamless interoperability
Things to come:
1. Parallel execution - vertical scaling
2. 100K TPS
3. 3s blocks and 1s blocks
4. ConsensusV2 - more time for processing.
5. Finality improvements - same block finality
6. Reduction of cross shard processing time to 3s.
7. ZK everywhere. PI^2. Prove everything.
8. SovereignChains as interoperability layer. MultiVM setup with double settlements between different ecosystems. Ethereum, Bitcoin, Cosmos, Solana, Polygon and more.
9. AsyncV3.
10. Scaling the Merkle Tries or changing to new models.
11. Linear storage on the VM.
12. Dynamic Language Interpreter at VM.
Every point from here can be dissected and a lot can be written about it. A lot of features which others are dreaming of, they are already live on mainnet. And much more is developed in order to become the base layer of the Internet.
Explore, ask, create, add value.
#itistimetobuild
p.s. most probably I have forgotten a few things and also this is protocol only. Haven't wrote about the hundreds of things coming for each of the other products.
I wrote this text a while back, some of these ideas I then also shared at @xDay2023.
It's what motivates a lot of my work.
Enjoy!
https://t.co/PefLQ0A8Vw
Dev adoption scaled by #HypergrowthX efforts.
The first @MultiversX hackathon is here.
$1M in funding & prizes.
Begins Sept 21, with the grand finale at @xDay2023
Registrations open: https://t.co/ohTmMUyw7q
A call to builders worldwide.
The first @MultiversX & #EGLD hackathon is here. 🔥
$1M in funding & prizes.
Begins Sept 21, with demo at @xDay2023.
Registrations open. Time to build.
https://t.co/xWSAgygzFX
Billions of USD stolen.
Millions of users impacted.
That's why we created Guardians - Onchain 2FA protection for all #MultiversX wallets.
Activate it & safeguard your #EGLD & digital assets like never before.
Available today, after epoch change, 16 UTC
https://t.co/uBhk1OU9VU