Matías

[Armeanio @Armeanio]

EVM is integrated and deployed on our test environment for @RosenBridge_erg

Probably tomorrow we can have the first full test transaction.

Win for the day. Back to the grind tomorrow.

[Richi @ManaStaking]

Rosen is great! It proves you can create top-quality apps on #Ergo and gain deserved recognition and value. With @RosenBridge_erg ERGO apps compete with those on other blockchains. I appreciate all teams, but I'm most excited about these projects building killer apps on Ergo👇🧵

[Alex Chepurnoy @chepurnoy]

In the past, very different economic systems co-existed on top of the same global commodity money (gold). But to replicate this in digital environment, possibility to created trustless derivatives on top of digital gold (so powerful enough on-chain contracts) is needed

[AllCyberpunk @AllCyberpunkCom]

#Ergo is Inevitable 🔥

That is the Tweet. ☝🏻

[Alex Chepurnoy @chepurnoy]

Diving into SigmaChains technicalities, pt. I: chain commitments: https://t.co/mlnVnUnJic

[Cardano YOD₳ @JaromirTesar]

Ouroboros Leios & Peras addresses a different problem than sharding.

Ouroboros Leios aims to address the challenge of optimizing capacity in a blockchain network.

It focuses on achieving near-optimal throughput while considering both data throughput and communication dependencies.

By balancing computational resources, bandwidth, and consensus efficiency, Leios strives to substantially increase the system's overall throughput while maintaining security properties.

Ouroboros Leios is focused on scaling blockchain protocols to their physical limits, which is distinct from the approach taken by sharding.

Transaction diffusion and computation that are decoupled from high-level consensus is the key idea of ​​Leios.

For that, 3 types of blocks will be introduced:

- Input Blocks (IB) for payload,
- Endorsement Blocks (EB) for endorsing, and
- Ranking Blocks (RB) for a high-level consensus.

See Figure 1.

Sharding divides the ledger state into parts (shards) and assigns them to different committees, potentially leading to suboptimal capacity usage within individual shards.

However, when combined, all shards aim to approach the maximum possible utilization.

Ouroboros Leios, on the other hand, seeks to optimize throughput within a single, unified ledger without partitioning, thereby maintaining a fully replicated blockchain where each full node stores the entire ledger state.

This approach is designed to ensure robust performance and enhance blockchain scalability and reliability.

Network capacity is always limited by bandwidth, computational resources, and consensus properties.

In addition, it is necessary to preserve the properties expected from a decentralized blockchain such as security, liveness, dynamic permissionless participation in consensus, etc.

It is theoretically possible to implement sharding in conjunction with the Ouroboros Leios protocol.

Each shard could operate an instance of Leios, allowing the system to scale horizontally by distributing the load across multiple shards.

However, implementing sharding would require more resources and bandwidth.

Each shard would need its own set of nodes to maintain the ledger state, and there would be additional overhead for communication between shards to ensure consistency and integrity of the entire system.

The increased complexity could also necessitate more sophisticated coordination and consensus mechanisms among shards.

Ouroboros Leios addresses throughput while Peras addresses fast settlement (fast finality).

High throughput is achieved through stake-based endorsing, which allows nodes to vote on data availability and the order of endorsement blocks that reference the payload.

Throughput can be scaled up controllably through the minting rate of Input Blocks.

Fast settlement is achieved through stake-based voting on Ranking Blocks.

See Figures 2 and 3.

In the following days, I will describe Ouroboros Leios and Peras in more detail.

[Rosen.Tech @RosenBridge_erg]

⏰ 7 days til Cardano Catalyst voting begins! Let's unleash Bitcoin Runes!

[Rosen.Tech @RosenBridge_erg]

We've delivered Cardano the Bitcoin bridge, we need your assistance to deliver Runes!

Rosen Bridge is an open source technology that creates a direct and secure connection between the #Bitcoin and #Cardano blockchains. This connection is particularly designed to allow the integration of Bitcoin Runes with Cardano.

Here's what it does:
🔸It allows Bitcoin Runes to be "wrapped" and transferred onto the Cardano blockchain. Think of "wrapping" as packaging Bitcoin Runes in a way that they can be recognized and used on the Cardano system.

🔸Once wrapped, these Bitcoin Runes can tap into Cardano's sophisticated decentralized finance (DeFi) features. This means that Bitcoin and Bitcoin Rune holders can now access financial services on Cardano that were previously unavailable to them.

🔸The Rosen Bridge ensures that this integration is smooth and secure, so Bitcoin Rune holders can easily join and use Cardano's DeFi applications.

The goal is to bring users from the Bitcoin ecosystem into Cardano's DeFi space, expanding the reach and utility of both cryptocurrencies.

ℹ️ For more details, you can visit the Cardano IdeaScale page 👇

https://t.co/MqadU9PafS

[Armeanio @Armeanio]

Ready to launch bitcoin bridge, we'll do the keygen ceremony in the next few days.

Less than two weeks it seems. 😊

[Rosen.Tech @RosenBridge_erg]

Expanding use cases for #Bitcoin

Rosen's imminent Bitcoin interoperability will enable the transfer of BTC between supported blockchains, enhancing the ability to interact across various networks that provide the following benefits

🔸 Increased Privacy
🔸 Increased Utility
🔸 Improved Markets
🔸 Enhanced Liquidity
🔸Decentralized Finance (DeFi) Participation

[Matías @Matas98325296]

@nickvaldez #Ergo

[Alex Chepurnoy @chepurnoy]

Take as much control over the Ergo ecosystem as you possibly can.

[Armeanio @Armeanio]

It’s funny how everyone on Twitter is cheering common sense regulation.

But nobody knows what common sense regulation is or will look like in practice.

That is not using common sense.

[Alex Chepurnoy @chepurnoy]

@bchautist @armeanio @IOHK_Charles What is written on the blockchain that is AST just which is then reduced against blockchain context to a "signature" (a statement which is a sigma protocol statement so can be proven non-interactively,ie a signature scheme. A Schnorr signature is the simplest example).

[Alex Chepurnoy @chepurnoy]

Interesting to see Autolykos2 being used outside of Ergo. And with support for custom Autolykos2 proof check coming to ErgoTree(/Script) https://t.co/GkG1CeZvFg , that would mean possibility to build efficient Blocx relays on Ergo!

[Armeanio @Armeanio]

One interesting characteristic of ergo that has never been leveraged is the ability to set the block height wrong on purpose, leaving a small reward paying miners to destroy data.

Leverage demurrage to create temporary on chain data. Potentially interesting to consider. 🤔

[Ergo @ergo_platform]

Bitcoin panel explored the security implications of mining cost fluctuations, the halving, as well as layer solutions to help usher in more advanced DeFi.

Ergo is poised to help Bitcoin with our advanced financial tools while not compromising on security. Looking forward to it!

[Armeanio @Armeanio]

Fungibility is an important aspect of bearer forms of currency like cash.

UTXOs are just one time notes.

Creating fungible swaps for currency of equal value is perfectly normal.

I guess non custodial non interactive mixers are the way.

[Alex Chepurnoy @chepurnoy]

After activation of 6.0 Sigma update soft-fork, efficient trustless Ergo hashrate derivatives will be possible

[Σ @LADOPIXEL]

I've always found the idea of bringing communities together fascinating. @RosenBridge_erg is doing it by developing some really impressive technology ✅

$RSN $ERG $BTC $ETH #PoCoP #Ergo #blockchain