Karolis Si

Founder at 1 Million Trees

[Karolis Si @siciunasK]

@AlphaNinja44 Of course not a financial advice, cause it’s fucking stupid.

[Karolis Si @siciunasK]

@hoskydex :DDDDDDDDDDD

[Karolis Si @siciunasK]

If that’s not big news for CKB, I don’t know what is… 💪🔥

[FillMyCKBag @FillMyCKBag]

Thank you so much @c_hongzhou for clearing out the @tether topic last AMA 'Anything about CKB 2025'.🙏

Conclusion:

- @NervosNetwork is in comm. with $USDT & $USDC regarding Fiber Network adoption. 🤯

- $USDI by @IPN_Intelligent will have to prove its substainability 1st. 💪

[Karolis Si @siciunasK]

@CryptoFanTech Yeah making waves, because its hitting the ocean bottom so fking hard…

[CKB DevRel @CKBDevrel]

Fiber Network: A Third Path for Bitcoin Programmability Extension
The resonance of the industry cycle and macro-financial cycle has placed the crypto industry in a state of confusion, reminiscent of 2019. Currently, not only is liquidity scarce, but narratives also appear to be drying up. The market is showing indifference not only to VC-driven narratives but also to anti-VC meme narratives.

Just as philosophical crises often lead people back to Plato in search of solutions, crises in the crypto industry call for a return to Bitcoin and Satoshi Nakamoto's principles.

As Cipher, the creator of the RGB++ protocol in the CKB ecosystem, explains in his latest blog, the crypto industry needs to rethink its reliance on Ethereum's "on-chain computation" model and return to P2P economics—keeping computation off-chain and validation on-chain.

In this vein, CKB has chosen to respect Bitcoin's community consensus of "validation over computation" in its approach to Bitcoin programmability extensions. Instead of adopting Ethereum's Rollup solutions or Restaking + AVS, CKB takes inspiration from Bitcoin's Lightning Network and introduces the CKB Fiber Network (CFN), a next-generation public Lightning Network built on CKB and off-chain channels.

Key Features of CFN:
Multi-Asset Support: Unlike the Bitcoin Lightning Network, CFN supports multiple asset types, paving the way for complex cross-chain financial applications.
Programmability: Leveraging CKB's Turing-complete smart contracts, CFN supports advanced conditional executions and business logic.
Cross-Chain Interoperability: CFN is natively designed to interact with Lightning Networks of other UTXO chains, such as Bitcoin.
Enhanced State Management: Thanks to CKB's Cell model, CFN offers more efficient channel state management.
Future-Proof Design: CFN is engineered to support future advancements in payment channel technology, such as PTLC.

CFN Payment Channel Lifecycle:
Open Channel
Lock Assets
Create HTLC (Hash Time-Locked Contract)
Update State
Validate Transactions
Complete Transactions
Close Channel
Submit Final State

Atomic Cross-Chain Swaps Between CFN and Lightning Network:
Due to the technical homogeneity between CFN and Bitcoin's Lightning Network (e.g., shared hash algorithms and time-lock scripts), the two can seamlessly enable atomic swaps. For example:
Alice (CKB) wants to send Bob (BTC) the equivalent of 100 CKB in BTC.
Bob generates a secret SS and shares its hash H(S)H(S) with Alice.
Alice locks 100 CKB on CFN via an HTLC with the condition to unlock using SS.
Bob locks equivalent BTC on the Lightning Network with a similar HTLC.
Bob reveals SS to claim the BTC, which is then shared with intermediate nodes.
The intermediaries use SS to unlock Alice's 100 CKB on CFN.

This process supports native assets from BTC and CKB chains, as well as RGB++ and Taproot assets like Seal (the ecosystem's first meme coin) and RUSD (a stablecoin from the Stable++ protocol).

CFN's Potential Use Cases:
Beyond cross-chain payments, CFN's applications could include:
Cross-Chain Liquidity Mining: Incentivizing users to provide liquidity for assets supported by CFN, fostering new asset issuance and trading.
Atomic Cross-Chain Lending: Allowing users to lock assets on the Bitcoin network and borrow stablecoins of equivalent value on the CKB network without trusting third parties.
Cross-Chain DEX: Building a decentralized exchange for fast, low-cost trading of BTC, CKB, and RGB++ assets.

Competitive Advantage:
Combining "Bitcoin-level security, Ethereum-level functionality, and Lightning Network-level speed," CFN has the potential to introduce native stablecoins, lending, and DEX capabilities to the Bitcoin ecosystem.

Key Indicators for CFN's Progress:
Successful interoperability with Bitcoin Lightning Network.
Growth in cross-chain transaction volume post-mainnet launch.
Quantity and quality of cross-chain dApps built on CFN.
Adoption of RGB++ assets within CFN.

In summary, among Bitcoin programmability extensions like Babylon, Merlin, BoB, and Mezo, CFN stands out for innovating upon the Lightning Network's classic paradigm. Its strong alignment with Bitcoin's native principles and high scalability position it as a potential leader in BTCFi infrastructure, with the capacity to outpace competitors in the long term.

[cipher @crypcipher]

Announcing the next big step for RGB++: Turing-complete programmability for $Doge coin! As the king of memes, Dogecoin boasts millions of on-chain users and a market cap of tens of billions of dollars, yet it has always lacked a true on-chain ecosystem.

[Karolis Si @siciunasK]

@ckbis4lyfee I’d like what you’re smoking

[Karolis Si @siciunasK]

🔥🔥🔥

[CKB Eco Fund @CKBEcoFund]

🌟 Meet #IBO , the first Launchpad platform in the #Bitcoin ecosystem, powered by @CKBEcoFund & developed by the @btckbseal community, set to launch during the #BTC2024 conference!

🔹 Supports #RGB++ Layer assets, allowing users to stake $Seal to earn project tokens.
🔹 Drives @UTXOSwap liquidity pools & enables diverse #DeFi functionalities via smart contracts.
🔹 Future expansion includes #BCH, #Dogechain, and a wide range of #UTXO ecosystem, leading a wave of #Bitcoin Finance (#BTCFi).

🌟 Featuring #Seal2Earn with @stablepp—21M tokens with 20% airdropped to stakers. 🌞 Embrace the #BTCFi summer wave!

[Grindery | The currency of AI @grindery_io]

We're excited to welcome @LuminescenceCap as an investor in Grindery!

Together, we're making web3 easier and more accessible through Telegram. Stay tuned for groundbreaking innovations!

[Grindery | The currency of AI @grindery_io]

Exciting milestone 🎉

We’ve surpassed 1.4 million users across the Grindery ecosystem, Thank you to our incredible community for your support!

Join us on our journey to make web3 more accessible 👉 https://t.co/yxo0Qxtaia

[Grindery | The currency of AI @grindery_io]

We are excited to announce that @csp_dao has joined Grindery as an investor 🤝

Together, we are committed to making Web3 more accessible with our leading EVM Smart Wallet for Telegram!

[Grindery | The currency of AI @grindery_io]

We are thrilled to announce that MoonEdge has joined Grindery as an investor 🚀

To celebrate, we’re giving away 50,000 $G1 Tokens to 10 lucky winners! 🎉

Here's how to enter:

1️⃣ Follow @grindery_io + @moon3dge
2️⃣ Like + Repost
3️⃣ Sign up in TG: https://t.co/TF0F8kBvzY
4️⃣ Play Guns and Bottles Game: https://t.co/REN3PRTMHU

Winners will be announced soon ⏰

[Grindery | The currency of AI @grindery_io]

We are thrilled to announce @dci_crypto has joined Grindery as an investor!

Exciting developments ahead in the world of Web3 and Telegram 🔥

Sign up now: https://t.co/bYRPspRRWj

[Grindery | The currency of AI @grindery_io]

Do you know you can swap your tokens gas-free right inside your Grindery Wallet?

Let’s dive in👇

1️⃣ Deposit funds in your wallet on Polygon or BNB Chain.

2️⃣ Select the convert option in your wallet to swap and choose your favorite tokens pair 🚀

3️⃣ Confirm once in GrinderyAiBot.

You’re all set! Let us know which token support you want to see next!

👉 https://t.co/FWAFO57iGK

[Grindery | The currency of AI @grindery_io]

Gm community ☀️

Are you earning and claiming your $G1 Tokens? How much do you have 👀

Try out the newly launched games like Guns and Bottles in the Grindery Arena to earn even more! ⬇️

https://t.co/QpcZilXLfm

[Karolis Si @siciunasK]

@FillMyCKBag @NervosNetwork I am well aware of every aspect, been with CKB for last 3 years. Either you are shilling badly or you are delusional.

[Karolis Si @siciunasK]

@FillMyCKBag @NervosNetwork My guy, open up your eyes and stop being delusional :) I am invested into CKB balls deep and think it can reach some 10 cents and live couple of cycles, but your vision is clearly only emotion-based.

[Grindery | The currency of AI @grindery_io]

We’re thrilled to welcome @GD10Capital as an investor in Grindery 🚀

Their network across blockchain infrastructure and games is a step forward in our missions to integrate Grindery into the wider community.

Together, we’re revolutionising the future of Crypto payments!

[Grindery | The currency of AI @grindery_io]

Excited to share that our CEO, @tim_delhaes, has been featured in @KitcoNewsNOW alongside leading analysts and founders!

He discusses the dual impact of ETFs on the crypto market and the importance of transparency to keep web3's soul intact.

Read more 👇
https://t.co/U63x176yR9