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Trivia Tuesday.
What's the average annual Bitcoin return over the last 10 years?
Answer in comments below, include your projection for the next 10 years as well.
#trivia#Bitcoin
#Ethereum = best candidate to be the decentralized base layer for the future of finance.
1) high-quality liquid asset with a widely distributed ownership, low inflation, and strong network effects.
2) the most secure choice to tokenize ALL assets and move them on-chain.
2024: A Landmark Year for @Polkadot⭕in the US 🇺🇸
This year has been monumental for @Polkadot⭕ in America 🇺🇸, with significant strides in relationship building and raising awareness.
We've marked history with the sponsorships of @IndyCar star @ConorDaly22🏎️and @InterMiamiCF (IMCF)⚽, showcasing the first on-chain democratic deals using blockchain governance ⚖️.
These partnerships have not only put @Polkadot on the map but also demonstrated the transformative potential of blockchain.
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Let me compare SOL, SUI, ADA, and DOTs scaling solutions ‼️
genuinely I would love someone to explain to me how DOTs new JAM upgrade isn’t the best scaling solution
SUl's object oriented approach seems like a good idea. Parallelize transactions by verifying that a transaction only modifies one object (sending a token, modifying an NFT), if so allow it to be executed immediately without waiting for full consensus
Cardanos Hydra Head solution also seems kinda ok. Essentially acting as mini off-chain ledgers, facilitating off-chain transaction execution. However, they can only process simple UTXO payments, they can’t run smart-contract. Critical issue is that Hydra Heads MUST sync back with the cardano main ledger in order to be verified, they cannot settle their own state. this requires a ton of trust between two acting participants, if someone reverts a transaction before the hydra head is closed and before it submits batched transaction for finalization, then there is nothing that can be done. This means hydra heads are only really useful in very limited situations where two individuals already trust each-other.
Solana is using sealevel, leveraging ZK-compression and L2’s. Sealevel is a transaction scheduler, deciding which transaction to execute in parallel based on what states they’re touching. So if two accounts want to modify the same account, those transactions must be executed sequentially. Example this essentially bottlenecks all AMM liquidity pools, since multiple people are likely trying to modify the same AMM pools simultaneously. The other issue that parallel transactions still need to be synced to the main state.
SUI, SOL, and ADA are all decent solution for scaling. But ultimately they all face the same exact bottle neck. Because finality still relies solely on the processing power of the validators, ultimately requiring better and better validator hardware to scale for network demand.
So what is the solution… It’s literally Polakdots JAM
JAM has parallel execution cores like Cardanos Hydra heads, but they fully on-chain execution cores and therefore can instantly verify their own state, no trust needed. JAM can add infinite cores, scaling infinitely. JAM cores do not need to wait for the main chains Validators for transactions to be finalized, they each have their own dedicated Validators to instantly verify within core transactions.
Bonus, JAM allows ever single smart-contract and coding language in the world to be executable on-chain. And all these different languages can communicate with eachother.
...and whether it fits your world view or not, the facts are, Polkadot is that ubiquitous world computer.
The fastest, most resilient, most energy efficient, and scalable decentralized computer and cloud server in the world.
"I thought I was the ideas guy and Gav does all the coding!"
When @gavofyork sat down with @VitalikButerin earlier today, a rapt audience was treated to two of Web3's greatest minds on stage together.
The full video from @EthPrague@Polkadot@ethereum
Earlier today @gavofyork unveiled the JAM Gray Paper.
JAM is a protocol combining elements of both Polkadot and Ethereum. It is a prospective path to replace the Relay Chain with a more modular, minimalistic design.
1/5
Happy Bitcoin Pizza Day! 🍕
On this day, 14 years ago, the first real world transaction of Bitcoin took place.
Laszlo Hanyecz bought 2 Papa John's pizzas for 10,000 $BTC.
Those 2 pizzas would be worth over $700 million today. 🤯
Invest in companies focused on disruptive technologies like #robotics, #ArtificialIntelligence, and #BlockchainTechnology. These industries have the potential for high growth as they revolutionize various sectors of the economy.