Kalika Says
@KWebbuddy
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Co-founder @CodesTomorrow @defi_disruptors | Talks about Utility Blockchain, Real world Applications l ~ DM for Web3 workshops & speaker invitations!!
Joined April 2022
Here’s the core truth: decentralisation is always a balance. 1. Bitcoin and Ethereum lean toward security. 2. Solana and BSC lean toward performance. 3. Polkadot tries to sit in the middle, optimising for scalability and connectivity.
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Polkadot → aiming for interoperability. 1. Uses parachains with shared security.2. Validator set is smaller compared to Ethereum or Bitcoin.3. Great for connecting ecosystems and scaling. But complexity and reliance on coordination are its trade-offs.
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Solana → built for performance. 1. Designed for very high throughput.2. Validator hardware requirements keep the set smaller.3. Lightning fast and low cost. But outages and centralisation risks are real concerns.
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Binance Smart Chain → semi-decentralised speed. 1. Only 21 active validators, rotated daily.2. Heavy Binance influence in governance.3. Cheaper and faster than Ethereum. The cost: less trustlessness, more reliance on central actors.
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Bitcoin → the gold standard. 1. Over 10,000 nodes across the globe.2. Proof of Work makes it extremely secure and censorship-resistant.3. But it’s slow (around 7 TPS) and fees can spike. #Security first, #performance later.
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Let’s talk about decentralisation in blockchains. Every chain makes a trade-off between security and performance. Here’s how Bitcoin, Ethereum, BSC, Solana, and Polkadot compare. #Decentralization #BlockchainSafety #Web3 #Web3Gaming #layer1.
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In short: BFT is the root. Consensus is the answer. Layer 1s = different paths up the same mountain. #Blockchain #Web3 #Crypto #Consensus #Layer1 #BFT #CryptoEducation.
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So yes—BFT is the foundation problem. Consensus mechanisms are not random inventions; they’re different tradeoffs built on top of the BFT challenge.
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Examples 👇.1. Bitcoin (PoW) → achieves probabilistic BFT via majority hash power. 2. Ethereum (PoS) → uses staked validators for economic BFT. 3. Cosmos / Tendermint (PBFT-based) → classical BFT with instant finality. 4. BSC/EOS (DPoS) → faster BFT but with fewer validators.
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Consensus mechanisms = engineering strategies to achieve BFT under real-world conditions. Different blockchains = different answers to the same challenge.
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BFT = the ability of a distributed network to reach agreement, even if some nodes lie, fail, or act maliciously. Without BFT → blockchains would fork endlessly, double-spends would be easy, and trust would collapse.
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When building a Layer 1 blockchain, the real enemy isn’t TPS or gas fees. It’s the Byzantine Generals’ Problem (BFT). Every consensus you’ve heard of is just a different answer to this 40-year-old problem. #Layer1blockchain #BlockchainInnovation #consensus.
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RT @CoinfestAsia: THANK YOU 10,000 PEOPLE AT THE WORLD’S LARGEST CRYPTO FESTIVAL!. THIS IS WHERE INNOVATION MEETS ADOPTION. SEE YOU AT COI….
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And of course, the Bali energy 🌴 added its own charm—where serious discussions about decentralization met with global networking and collaboration.
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The event was also a fantastic opportunity to connect with industry leaders and innovators from 𝗠𝗘𝗫𝗖 𝗘𝘅𝗰𝗵𝗮𝗻𝗴𝗲, 𝗧𝗿𝗮𝘃𝗮𝗹𝗮, 𝗕𝗶𝗻𝗮𝗻𝗰𝗲, 𝗔𝗪𝗦, and many others. Conversations around scalability, Web3 adoption, and decentralized business models were inspiring.
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𝗖𝗼𝗹𝗹𝗮𝗯𝗼𝗿𝗮𝘁𝗶𝗼𝗻 > 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝗼𝗻 – Exchanges, wallets, dApps, and infra providers together fuel growth. 𝗠𝗦𝗧 𝗕𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻’𝘀 𝗮𝗽𝗽𝗿𝗼𝗮𝗰𝗵 – building not just tech, but an intercon economy that supports businesses, developers, and users alike.
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👉 “Can a blockchain truly grow without a strong ecosystem?” Here’s what I shared with the community: 🔹 𝗘𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺𝘀 𝗰𝗿𝗲𝗮𝘁𝗲 𝗮𝗱𝗼𝗽𝘁𝗶𝗼𝗻 – It’s not just about TPS or speed; it’s about real-world use cases.
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