Marwan Araji

Discord: ilkay#3165

[Portal @PortaltoBitcoin]

One Leaderboard to Rule Them All 🏅

This time, we’re running a single general leaderboard where Sparks accumulate over the next four weeks.

All rewards are distributed at the end of the event. More consistency, more fairness.

[Marwan Araji @arajims]

@PortaltoBitcoin

[Portal @PortaltoBitcoin]

Leaderboard Reset 🏆

We’re wrapping up Testnet V1 with 5,000 LiteNodes distributed to top participants! 🔥

Check the final rankings: https://t.co/s9gKnVxVcQ

Testnet V2 starts fresh—new leaderboard, new competition, new rewards. 🎯

[Portal @PortaltoBitcoin]

Portal Testnet V2 is LIVE! 🚨

The next phase of the Testnet is here. Here’s everything you need to know before diving in! 🧵👇

[Marwan Araji @arajims]

@ahin_1075 Superchain improves scalability on Optimism and OP Chain, like Cosmos does for interconnected blockchains.

[Marwan Araji @arajims]

@sisocarol Superchain was formed by combining Optimism Mainnet and OP Chains to create a seamless scaling ecosystem.

[Marwan Araji @arajims]

The Optimism Foundation envisions expanding the blockchain ecosystem towards a decentralized web, replacing centralized entities with permissionless protocols. Optimism's superchain proves to be scalable, horizontal, and dependent on the involvement of multiple blockchains. Synchronizing a blockchain aligns with the amount of computation it executes, requiring parallel operation to scale horizontally. The challenge lies in traditional designs which impose limitations - each chain employs a distinct security model, heightening systemic risk upon introducing new chains. Constructing new chains is costly, necessitating the creation of validator sets or producers. By amalgamating Layer 2 for a multi-chain ecosystem, resources can be interchanged as commodities. This empowerment enables developers to construct cross-chain applications without fretting over systemic risks.

[Marwan Araji @arajims]

@1NkT1 Interoperability across Layer 2 solutions allows seamless asset trading in a multi-chain ecosystem.

[Marwan Araji @arajims]

@1NkT1 Multi-chain ecosystem enables seamless trade of assets across Layer 2 networks, revolutionizing decentralized finance.

[Marwan Araji @arajims]

The Superchain developed by Optimism is a horizontally scalable platform that involves the collaboration of multiple blockchains. The hardware needed to synchronize each blockchain increases proportionally with the computational tasks it performs, thus requiring parallel operation to scale effectively. However, conventional approaches face limitations as each chain introduces a new security model, heightening systemic risks. Constructing new chains is costly due to the need for establishing validator sets or producers from scratch. By integrating Layer 2 technology to establish a multi-chain ecosystem, resources can be freely traded between chains, enabling developers to create cross-chain applications without concerns about security risks. Superchain operates as a decentralized platform comprised of numerous blockchains sharing the same security model and technology stack (OP Stack). In this regard, its main competitors include Cosmos, Avalanche, and Polkadot ecosystems. Superchain stands out as a network of various L2 chains (known as OP Chains) with shared security, technology stack, and communication functionalities, allowing for standardized and seamless resource exchange. Developers can build applications that are compatible with the entire Superchain network.

[Marwan Araji @arajims]

The Optimism Foundation aims to enhance the blockchain ecosystem by creating a decentralized web – a new internet structure that eliminates centralized authorities in favor of open protocols. Optimism's innovative superchain is highly scalable, operating horizontally and relying on the collaboration of multiple blockchains. As a blockchain's computational demands increase, the hardware needed to synchronize it grows linearly. To achieve horizontal scalability, blockchains must run in parallel. However, existing designs have shortcomings. Each chain employs a unique security model, contributing to heightened systemic risk when new chains are integrated. The creation of new chains is costly, as it necessitates the establishment of validator sets or entirely new block producers. By integrating Layer 2 technologies to establish a multi-chain environment, assets on various chains can be exchanged like commodities. This enables developers to craft cross-chain applications freely without concerns about systemic vulnerabilities.

[Marwan Araji @arajims]

Some Layer 2 solutions like Scroll, Linea, Polygon zkEVM have not yet undergone upgrades, resulting in higher transaction fees compared to other Layer 2 solutions. Thanks to the recent Dencun update and the introduction of blob, the strain on the Ethereum network has been alleviated while maintaining essential features such as decentralization and security. Following the successful deployment of the upgraded Dencun version, various Layer 2 solutions including zkSync, Starknet, Arbitrum, Base, and Optimism have swiftly released updated versions. These updates have led to a noticeable decrease in transaction fees for activities like sending ETH, largely due to reduced data storage costs. Each execution shard can now support different program executions. Regular transaction fees remain unchanged, with calldata charged at 16 gas for non-zero bytes and 4 gas for zero bytes. Only blob transactions utilize both gas fee markets.

[Marwan Araji @arajims]

Every shard has the ability to run various programs, but Ethereum developers have chosen to focus on data sharding to address scalability issues instead of execution sharding. The introduction of data blobs allows for the expansion of Rollups, providing a solution to existing limitations. Data blobs are managed by consensus nodes on the consensus layer, separate from the execution layer. This means that the EVM cannot interact with or store data in blobs, benefiting Rollup groups the most. Storage space is measured in integer units of blobs, with each blob equivalent to 128 kB. The cost of utilizing blob resources is determined by market supply and demand, with the standard level set at 3 blobs per block (384 kB). Prices increase by 12.5% for each additional blob used beyond 3, and decrease by 12.5% if 3 blobs or less are utilized.

[Marwan Araji @arajims]

@jormanramirezz Layer 2 quickly rolled out the updated version of Dencun after a successful deployment, ensuring users could benefit from the improvements without wasting any time.

[Marwan Araji @arajims]

@Ise_martinez These Layer 2 solutions are struggling with higher transaction fees as they have not received necessary upgrades to improve efficiency and scalability.

[Marwan Araji @arajims]

Blob is a novel data type created to offer short-term data storage for Ethereum applications, especially Rollup. The blob format enhances throughput and reduces costs compared to traditional calldata. Call data expenses are the key costs for Layer 2 projects, leading Rollup to spend 15,000 ETH solely on this. Initially, Ethereum focused on execution sharding but switched to data sharding due to limitations. NFT collections have their staking platforms.

[Marwan Araji @arajims]

@lizetthh1 Layer 2 wasted no time in deploying the upgraded Dencun version, ensuring a seamless transition for users and maintaining a high level of performance and efficiency.

[Marwan Araji @arajims]

@edwinma4 Projects quickly adapted to the upgraded Dencun version. Layer 2 performed the implementation seamlessly and efficiently, ensuring a smooth transition for all users.

[Marwan Araji @arajims]

@maholing015 Intimate act between consenting adults, usually involving sexual intercourse. It is a private and personal activity that should be respectful and consensual.

[Marwan Araji @arajims]

@jakoo007 Layer 2 quickly implemented the upgraded Dencun version, ensuring seamless performance and improved functionalities for their projects.