Cesar Giron

aspiring jizo master

[Cesar Giron @ema51ho]

Crypto Analytics Firm Nansen Launches a Blockchain Native Messaging App Called Nansen Connect https://t.co/zPWemsswHs via @grandpascrypto.com

[Cesar Giron @ema51ho]

How to watch Olympic basketball: TV, broadcast, live streaming options for Paris Olympics https://t.co/prCRayr6g0

[Minty @DeFiMinty]

Real crypto alpha is found on Telegram.

After searching hundreds of channels, here are my Top 10 Telegram groups to follow.

🧵

[Cesar Giron @ema51ho]

🚨 I got an Exclusive Invitation Code for the @defi Social Profile!

⚡ The Social Profile by #de_fi is the largest Web3 Playground:

• Manage all your accounts!
• Follow and compete with your friends!
• And more!

👉 Follow me at: https://t.co/ezCLkyZ3s5

[Cesar Giron @ema51ho]

The Game of the Century 🔥 Donald Byrne vs Bobby Fischer (1956) https://t.co/ThG0BES9hX via @FacebookWatch

[Cesar Giron @ema51ho]

My Chef-Husband Taught Me the Easiest Way to Make the Best-Ever Grilled Salmon and Now I Want It Every Night This Summer https://t.co/8dNio5S6g1 via @Yahoo

[Cesar Giron @ema51ho]

https://t.co/moyQ8sLgaO

[Cesar Giron @ema51ho]

@UnityAcademyInc

[Cesar Giron @ema51ho]

🏹 Just claimed my reward for completing my 5th quest on the @bankless Airdrop Hunter, catch me if you can! https://t.co/dB8CcCfaSk

[Cesar Giron @ema51ho]

@DeFi

[Cesar Giron @ema51ho]

@UnityAcademyInc The all time best resource for forex and cyrpto!

[Unity Academy @UnityAcademy]

Our members are making money, learning and improving every day.

⛩️ | Join For Free & Access:

• 20+ Crypto Callers
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#Crypto $SOL $BTC

[Cesar Giron @ema51ho]

@UnityAcademyInc Super,let's go!

[Cesar Giron @ema51ho]

@UnityAcademyInc Keep them coming Unity!

[Cesar Giron @ema51ho]

@CelsiusNetwork As always the big guys came first and the shrimps are waiting for crumbs. Just put Machinsky and his conniving family and staff to jail .

[Cesar Giron @ema51ho]

@LadyofCrypto1 Excellent advice!

[Cesar Giron @ema51ho]

@CryptoMichNL ORDI please

[Cesar Giron @ema51ho]

@FefeDemeny ow could this be short when SL just partnered with AWS and also just achieved 1.2m TPS? Tis could be a dead cat short and short-lived.

[Cesar Giron @ema51ho]

@FefeDemeny @cryptomaniacgr2 How could this be a short when SOL just partnered with AWS and has also achieved 1.2m TPS? This could e a dead cat short .

[dalteco @dalteco]

.@chainlink doesn’t tokenize assets.

So why is everybody relating Chainlink to real-world asset (RWA) tokenization?

It’s actually quite simple:

The Thesis:
Let’s start with a baseline hypothesis: There will be many, many blockchains in this world. In the public blockchain world, we already have layer 1s, layer 2s, layer 3s, zk/optimistic rollups, sidechains, appchains, subnets, supernets, and more. In the private blockchain world, we have individual companies creating their blockchains to make their own operations more efficient (more on this later). Citi, JPMorgan, ANZ … the list goes on and on—and is continuing to get bigger. Fun stat: 97% of institutional investors think that blockchain will revolutionize asset management processes. That’s why there will be so many private blockchains.

If you agree with this thesis, you should look into Chainlink. If you don’t, you probably have a “one-chain (or layer-1) to rule them all” outlook on Web3. I think that’s wrong, but we can part ways here and see who’s right in the future.

The Problem:
Tokens are created on blockchains, period. This is where the difference between tokenization (as a simple one-and-done memecoin) and real-world asset tokenization becomes very important.

In crypto, a native token is often equal to the asset. 1 Dogecoin = 1 Dogecoin. The same is not true for a token like a stablecoin (which is the first entry point for many financial institutions). 1 stablecoin doesn’t always equal 1 dollar, but a dollar's worth of value. There are reserves of the actual asset (dollars) or other types of collateral (crypto-native, T-bills, etc) backing the stablecoin. Your stablecoin’s value is dependent on the value and liquidity of the actual reserves. This is maybe the most important nuance to understand in order to navigate real-world asset tokenization: Always understand what the token represents in reality.

But then that leads to another natural question: How do you know what’s backing a token? Answer: You can’t. Because there’s no native connectivity between blockchains and the outside world. The asset behind a real-world asset? That’s in the outside world.

But let’s go even further than that. Let’s say a bank has created a tokenized asset that represents a real-world asset on its own private blockchain. Now what?

Well, they’d want to sell that tokenized asset. That’s the business of banks and capital markets: package assets into different formats, with different yields and different specifications, and then sell that asset to someone. Maybe it’s another bank, maybe it’s a hedge fund. Doesn’t matter because there’s a wild range of counterparties out there. But they need access to counterparties. Again, that’s the business of finance: selling assets you make, buying assets you didn’t make. So what good is tokenization if you can’t sell those tokenized assets? All those efficiencies and cost-savings mean literally nothing.

But it turns out, banks can’t access counterparties because, again, their blockchain can’t access the outside world.

Unless they have one of two things:

1. Their counterparty on their blockchain.

2. Connection between their blockchain and their counterparty’s preferred blockchain/system.

This is where the hundreds of chains become relevant again. Yes, it’s possible that a single bank will have a single, or even multiple, blockchains where all the other banks go to be counterparties. Is it likely? No, because blockchains are useful for aligning internal operations and asset flow in internal systems (which requires their own blockchain), and also because they wouldn’t want to cede that kind of power and control over the platform to another group of validators. That’s why we’ve seen consortium blockchains, but even those have their limits to how many banks you can attract. How about multiple consortiums for different geographic regions? Well, we’re back to the hundreds of blockchains, and that’s only the private chains.

So #1 is unrealistic, and even if it plays out, you’ll have at least tens, if not hundreds or thousands, of megachains.

Then you have #2: Connecting different blockchains, and blockchains to external systems, through a cross-chain solution—because not everyone has a blockchain, but they might want access to tokenized assets on another blockchain. This seems to be the route that makes the most sense.

The Solution:

Well, I’m obviously going to say Chainlink CCIP is the cross-chain solution, but I want to explain the why because that’s the most important part.

The first reason is that CCIP is secure. Secure in a way that other cross-chain solutions aren’t secure. Not when you’re aiming to underpin millions, billions, trillions, and even quadrillions of dollars worth of transactions. If there’s one takeaway you get from this section, it’s that security is king when it comes to cross-chain. And Chainlink leads in this category both by virtue of being reliable and secure for years on end, and due to the addition of a third network known as the Risk Management Network. There are a lot of resources out there on why CCIP security is so good, but I’d recommend the five levels of cross-chain security blog: https://t.co/8bPYNeXNYa

The second reason is that Chainlink can provide a range of supporting solutions to tokenized real-world assets. Remember that every tokenized RWA needs to be backed by the actual asset. Chainlink Proof of Reserve can bring that reserve data onchain, proving to counterparties that the token is actually backed. So now I’m a counterparty and I know this asset is backed. This is the bare minimum.

But the asset needs a bunch of data past proof of reserves. Is it a globally liquid asset? Great, what price are we going to use? Maybe a decentralized, volume-weighted price set up by a credibly neutral entity—i.e., Chainlink DONs and Chainlink Data Streams. Simply put, as the asset flows across multiple cross-chain transactions between many bankchains, every party wants to know who made the asset, what price the asset trades at, and what the asset entails (what’s the yield? Who is the underlying counterparty? What assets are being packaged? Who owns each of these original assets/liabilities? Etc.)

In essence, the Chainlink platform provides a full suite of services that enrich and update the critical data necessary for tokenized RWAs to function at scale. Each service has the best security in Web3, is built to scale, and puts minimal work on the side of institutions to actually use (this is insanely important).

Combine all of those, and you have a solution that banks actually want to use, can scale in security with their needs, and provides a logical, low-cost path to plugging into the larger economy of blockchains that will inevitably appear.

[Cesar Giron @ema51ho]

@cnnphilippines Pangbayad sa utang nya nang bumili sya ng Apple Watch. Pero mukhang chips yung merienda nya di $.