When we start from the premise that digital files have a lower privacy threshold than physical files - just because it is easier to violate that privacy threshold - then we've already lost.
Using #zkRollups does not auto mean you are building a *faster* system than any L1 chain; however, it means that you can build a native system that inherits the L1 security that you are building on top of, on an 10,000x scalable environment. Best security & scalability ✅🔐
An $18 billion stablecoin is losing its dollar peg with all the magical chaos of algorithmic stables, with a dash of Bitcoin systemic risk drama.
Here's everything you need to know.
The $UST Depeg Thread:
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Join us this week for an AMA with @IncomeSharks!
We'll be speaking about our upcoming product launches and more!
🕐 When: Thursday - 1 PM EST
📍 Where: https://t.co/L4p6qcWDaf
$MUTE $VOICE #MuteSwitch#zksync
We are extremely excited to be launching the #MuteSwitch, a #zkrollup based automated market maker (AMM), farming platform, and IDO platform - now live on @zksync 2.0 public testnet:
https://t.co/OTGWtftkUo
$MUTE $VOICE #zkrollups
Today we were granted private testnet access to @zkSync 2.0 - we have began deploying & testing contracts for #MuteSwitch 🤐📢
Props to you, the community for your patience- we'll soon provide some Switch demos, including the AMM, #L2 Farming/Amplifier & Auction/IDO platform 👀
@FloridaMoonMan@IncomeSharks Well there’s OKEx who just announced a zkSync L2 on/offramp partnership. Check out @fluid_fi who are launching a novel stablecoin 2.0 called #fiatUSD, allowing retail to mint their own sc directly from their banking app. 1:1 insured backed, fully auditable. Defi inside your bank!
For every #Evergrande there’s also 100 Michael Saylor types waiting on the sidelines with a billion dollars each, happy to take your bags before the next leg up.
There is only up. Lots of noise - but ultimately up.
#Hodl the pin or become the popped.
@BitcoinFerrarii@PermaRich @Padawan_Krypto @MB_Bish_23@ShardiB2@nebraskangooner@0xPolygon@Uniswap You’ll soon be able to mint 1:1 backed stablecoins directly onto L2, do your defi things and then offramp the profits directly back into your bank account. Using cex’s and L1s is going to feel really antiqued next year let me tell you.
@PermaRich@mute_lowcapgem @Padawan_Krypto @MB_Bish_23@ShardiB2@nebraskangooner@0xPolygon Smart contracts aren’t really a thing on L2 yet. They will be soon, accessible via MUTE and other projects building on similar infrastructure- then L1 will literally just become a settlement chain in future. I don’t think you really have a grasp on the direction of travel here.
@PermaRich @Padawan_Krypto @MB_Bish_23@ShardiB2@nebraskangooner@0xPolygon So what you’re saying is that these sidechains and centralised L1s aren’t as secure as Ethereum I think. $MUTE is building on the tech that literally inherits Eth’s L1 security and scales it all by an order of magnitude. Also FYI, you can’t interact with defi on LN/coinjoin 😅🤦♂️