spazcoin ☯️

servant to ChaosDAO. collator and vault runner. software engineer and project organizer.

[Hydration @hydration_net]

Today at 08:51 UTC, a large tBTC deposit triggered a lockdown of tBTC on Hydration

Within 70 minutes, the Technical Committee reviewed the deposit and voted to lift the lockdown

On-chain security in practice

[Hydrated Jakub (🐍,🐍) @GregusJakub]

@hydration_net implemented rate limits for sus high deposits last year and for sus high withdrawals this year, having all these exploits in mind and trying to do our best to mitigate them. Doesn’t matter if they happen outside or inside of Hydration if they can cause losses for our users.

Whole industry should implement such mechanisms ASAP

[Hydration @hydration_net]

Hydration is at the forefront of web3 security

We just launched our security_audit AI skill

Inspired by the skills of @pashov, specifically tailored to audit Rust, Substrate, and DeFi

With references to 200+ ecosystem audit findings by @dotpal_

https://t.co/lVhrL7xtWd

[Hydrated Jakub (🐍,🐍) @GregusJakub]

@hydration_net have all of these, who else?

[spazcoin ☯️ @spazvt]

@hasufl @hydration_net implements all of these "breakers" or checks at every block to limit losses

[spazcoin ☯️ @spazvt]

@JPodhorsky MCP adapter on #JAM would be awesome!

[Polkadot @Polkadot]

It’s official.
The first Polkadot U.S. ETF is live and trading on Nasdaq.

[spazcoin ☯️ @spazvt]

@hantengri $113M in Hydration

[Sergei Lonshakov @EnsRationis]

After 13+ years in crypto, I can confidently say that @gavofyork team is pretty much the benchmark for measuring real progress in blockchain technology. From a purely technological standpoint, Polkadot is practically the only platform I would recommend to a project that cares not about “just raising a round,” but about building a truly functional, long-term web3 product.

Everything that happened in the ecosystem was, of course, a total circus — but I saw exactly the same thing around Ethereum back in the day. It’s extremely difficult — or rather, downright unrealistic — to survive the hype bubble that inevitably forms around any such project like Polkadot at the moment it moves from the idea/prototype stage to its first real users in 2022. Quite simply, almost nobody actually understood what the parachain auctions were really about, and looked on it as ICO on Ethereum. I would really love to see much calmer price charts, more like what we had with Bitcoin and Ethereum before 2017 — back when Ethereum hadn’t yet created that insane super-bubble through Ponzi-like derivative tokens built on top of it. I think that whole phase is finally over now. The only bad thing about this entire bubble-deflating process is that Robonomics, through no fault of its own, accidentally lumped together with all those rotten parachains.

That said, Robonomics is probably the only genuinely alive project with a truly unique real-world use case that has been consistently developing on Substrate/Polkadot from the very beginning — since 2019, when it first became technically possible.

When I read that Parity and Gavin are now planning to build end-user applications directly on Polkadot, I see an absolutely identical trajectory to ours. Before, it was simply impossible to do what became possible only in 2022 — and only on Polkadot. We were the first to get a fully working product for building sensor networks exactly on Polkadot, and exactly in 2022, even though we had been trying to build something similar (https://t.co/bRn9D2rEzj) since as far back as 2015.

It took 10 full years for it to finally become possible to actually build 100k+ real users products in web3. And that’s blatantly obvious only to those who have been closely following the core protocol development teams the entire time — and especially obvious to me, because I was one of the people trying to implement complex real-world physical scenarios on top of crypto all these years.

In short, the era of true builders in web3 is only just beginning...

[Parity Technologies @paritytech]

AHM UPDATE: Account migration complete.
1.6 billion DOT migrated from 1.5 million accounts.

➡️Items processed: 1,512,216
➡️Failed: 0

https://t.co/KRlJGOO1dP

[Parity Technologies @paritytech]

Everyone’s talking about the Polkadot Asset Hub migration, and for good reason. It’s one of the most complex live upgrades ever attempted on a blockchain.

Parity engineers have prepped hard for this moment, and after a successful rollout on @kusamanetwork, tomorrow, Polkadot will move approximately:

1.6 billion in DOT (~$5B)
50,000+ stakers
1.5 million accounts
2+ million storage entries

From Relay Chain >> Asset Hub.
All on-chain, live, and without downtime.

Why? To enable the Relay Chain to focus purely on security and interoperability, while the Asset Hub becomes the hub for assets, balances, staking, governance, and stablecoins.

For end users, nothing changes; balances, wallets, and features will update automatically.

But under the hood, it’s an engineering feat with zero margin for error. Database migrations in Web2 fail 70–80% of the time; Polkadot is doing it live, in production, across millions of accounts.

[Coinbase Markets 🛡️ @CoinbaseMarkets]

Polkadot (DOT) send, receive and staking support will be disabled on Coinbase from November 3rd to November 5th in order to complete the network migration.

Please refrain from depositing Polkadot (DOT) to Coinbase during this upgrade window. An update will be provided when service has resumed.

[Parity Technologies @paritytech]

🚨 Polkadot Runtime v2.0.0 is now in vote. This is a major upgrade that:

• Enables and schedules the Asset Hub Migration (block #28490502 ≈ Nov 4 @ 08:00 UTC)
• Finalises Polkadot optimisations - Asynchronous Backing, Agile Coretime, Elastic Scaling
• Introduces all prerequisites for Smart Contracts on Polkadot

⚙️ For Validators & Collators:
Testing showed potential slowdowns on relay nodes without a --db-cache parameter.

✅ Please add: --db-cache 8000 to your node configuration until further notice to prevent performance issues during the migration.

👷 For Builders: This upgrade completes the new Polkadot architecture, the foundation for high-throughput smart contracts and improved network scalability.

[Gr33nHatt3R @Gr33nHatt3R]

@LLuciano_BTC $DOT community has stuck together through hell and high water, laser-focused on the tech and infrastructure and now moving into the product development stage. 💪

https://t.co/CoAe80suSL

[spazcoin ☯️ @spazvt]

@Tbaut thanks for your contributions! I know many have used it!

[Emil Kietzman ⚫️ @EmilKietzman]

USDC in parachains surged from 40M to almost 140M in just a month! 🤯

All thanks to the the Asset Hub -> the new central Hub for managing & transferring assets across the Polkadot eco.

Since @binance & @cryptocom integrated it this month, we see USDC growing on a daily basis. 😁

[spazcoin ☯️ @spazvt]

@MeidasTouch Thanks for digging up the original for comparison!

[const @const_reborn]

Stress tests put substrate chains at 20x the speed of Solana.

[spazcoin ☯️ @spazvt]

@gilescope @L4rkee @const_reborn THIS. Polkadot is doing it right. Full proofs, decentralized, high throughput, scalable architecture, customizable blockchain execution (see block limits on Hydration)

[spazcoin ☯️ @spazvt]

@gregosuri no downtime on @polkadot chains