Kevin Yang
@ShanghaiYang
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Co-founder & CTO @NibiruChain | prev @google @uwaterloo | Thoughts are my own |
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Last Seen Profiles
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Lately, the term “parallelized optimistic execution” has been thrown around a lot of people have asked me what “parallelized optimistic execution” actually means. Keep reading below to find out 👇
In Proof-of-Stake consensus, validators receive a block from a single proposer at
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If you think of a blockchain as an operating system, then transactions are just bash commands.
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Hi Nibiru community,
Lately, there has been a lot of chatter about
@NibiruChain
's Circulating Supply showing up as 187M on CoinMarketCap (), but our tokenomics () shows that the token supply shouldn’t reach this point until about 6
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Bullish
Midle jumps into the
@NibiruChain
car!
🔗 Thrilled to announce that Midle is now part of the Nibiru ecosystem and has been awarded a grant.
Stay tuned for mainnet tasks on ⚡️
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My personal interpretation of the Nibiru Chain logo:
The Nibiru logo is composed of two fragmented gems. Each piece represents an individual contributor of the Nibiru Chain project. Each individual is a diamond in the rough, but we come together to form a perfect gem.
Smart
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Working on yourself should also be considered "work" since you're becoming a better thinker, a more compassionate colleague, and a more self-aware individual, all of which will make you more effective at your job in the long term.
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"I would rather have questions that can't be answered than answers that can't be questioned."
- Richard Feynman
Physicist, philosopher, visionary.
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Web3 is just a capitalist system where ownership rights are enforced by cryptographic math instead of centralized institutions.
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Working hard doesn't automatically make you successful, but I don't know anybody who became successful without hard work.
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"Those who break the rules are scum, but those who leave behind their comrades are worse than scum."
- Kakashi-sensei
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If you’re going to be addicted to something, might as well be addicted to coding.
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Great project
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"Do not pray for an easy life. Pray for the strength to endure a difficult one." - Bruce Lee
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Pray for the courage to change the things that should be changed, the strength to endure the things that cannot be changed, and the wisdom to tell the difference between the two.
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Charging $50k / month for an Enterprise Twitter API Key is borderline robbery
@elonmusk
How can I invest?
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Is it better to specialize in one part of the stack (e.g. frontend, backend, mobile, data engineering) or be a generalist full-stack engineer?
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1/ My thoughts on app chains versus general-purpose L1s. The Cosmos vision is a flourishing ecosystem of “app chains,” or application-specific blockchains. Each blockchain runs one dApp, and blockchains are connected with the IBC (inter-blockchain) protocol.
🧵👇
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What is the noblest pursuit?
Is it love? Happiness? Knowledge? Wealth?
Answer below 👇
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Do you think we can solve the socialist planning problem with enough compute and data availability?
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Blockchain Fundamentals
What is “gas” and why do we need it?
Censorship-resistant general purpose smart contract platforms (e.g.
@ethereum
,
@avax
,
@solana
,
@0xPolygon
,
@NibiruChain
) allow anybody to deploy smart contracts. There is nothing stopping somebody from deploy a
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Stay alert y'all
😡 As Nibiru continues to grow so does the number of scammers and schemes 😡
Nibiruns, don't fall victim to scams! Please stay vigilant by following these guidelines and best practices 👇🏽🧵
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The only differentiators in commodity markets are branding and capital efficiency.
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Airline reward points are just tokens with limited utility.
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1/ My thoughts on value accrual and redistribution in L1 chains. 🧵👇
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It turns out that Byzantine Generals are actually Turkish.
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Genius lives only one story above madness.
Arthur Schopenhauer
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You know you’re a workaholic when you start sending your friends Calendly links for them to hang out with you.
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DePIN is just volunteer computing incentivized with tokens.
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RIP legend
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Completeness = no false negatives
Soundness = no false positives
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@coinbase
is down. This is why we need decentralized applications. Always available, 24/7 markets.
We are dealing with a LARGE surge of traffic - apologies for any issues you encounter. The team is working to remediate.
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Soon
Mark your calendars for 2/7, set an ⏰ to check socials, and tell your friends about it too because Nibiru's Gamified Engagement Airdrop is coming soon 🥳
Trust, this is an event that you won't want to miss!
Your guide to getting involved starts here:
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Wild
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Possibly the best explanation of the NodeJS event loop I've ever read
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A lot of people ask me what the difference is between “smart” and “intelligent”.
I explain it like this:
The kid in high school who aced all his SATs and went on to get three PhDs is smart.
The guy who assembled a team of rockstar engineers and built the iPhone is
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👀
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@jayendra_jog
Successful founders position themselves in situations where they can capitalize on luck, when it comes by. They don't passively wait for luck to strike, but proactively make moves to optimize their chances at luck.
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Damn
@coinbase
. Pay $30/month to be a Pro member and still get hit with a 1% spread.
This is why we need DeFi. Open and fair access to capital markets for all!
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13/, Of course, we’ll also support IBC because we know users have varying needs best met by other app chains. We provide the core DeFi primitives on the Nibiru blockchain itself, but users can go to that other grocery store if they need something we don’t have.
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I’m excited to be a contributor to Unit21’s
#FraudFightersManual
!
With 6 insightful chapters, my contribution is in Chapter 3, where I discuss the importance of robust KYC/KYB policies in vetting crypto partners (and more).
Sign up for the pre-release:
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12/ At Nibiru, we blend the best of both worlds. We are building a DeFi-focused general-purpose blockchain where you can get interoperability like Ethereum smart contracts without the blockspace congestion caused by unrelated contracts, like random meme coins.
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One of the evils of Golang
var foo map[string]func() = map[string]func(){}
foo["bar"] = nil
// … later in a completely different part of the codebase
fn, ok := foo["bar"]
if ok {
fn()
}
🙃
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Scala: the good news is that you can import and use the Java standard library.
The bad news is that you can import and use the Java standard library.
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4/ How does Nibiru solve this? Nibiru is building a sovereign L1 blockchain to capture that value in-house and redistribute it to the community.
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10/ By being a non-toxic community, everybody wins. Stay tuned for our next and final Incentivized Testnet coming soon!
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7/App chains use a technology called IBC (inter-blockchain communication) to interoperate with each other. IBC is a cryptographically secure bridging technology, but it’s slow. Here’s a brief explainer of how it works.
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9/ Furthermore, Ethereum suffers from low-quality protocols because developers don’t get hands-on support from the L1 foundation. Nibiru aims to be developer-first because we are engineers at heart. Come check out our hackathon. Rome wasn’t built by just the Romans.
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3/ In Ethereum, the main problem is blockspace congestion, which causes higher gas fees. Popular, unrelated smart contracts, like over-hyped token mints, can interfere with people’s ability to interact with your dApp.
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2/ In contrast, Ethereum and other general-purpose blockchains run many smart contracts/dApps that interact with each other, analogous to web2 monoliths vs. microservices. Both architectures have pros and cons.
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7/ More users attract more dApp developers, and vice versa, kicking off a flywheel effect.
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5/ How does it work? As more users use the chain, there will be more transactions. Every transaction costs gas, so gas will be in higher demand. The native gas payment token of Nibiru is $NIBI, so as usage of the chain grows, $NIBI grows in value.
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2/ In the past, large protocols like
@CurveFinance
,
@AaveAave
,
@compoundfinance
,
@fraxfinance
, and
@Uniswap
emerged on Ethereum. These dApps brought users and liquidity to Ethereum. The net result? ETH accrues value off the backs of these protocols generating value for end users.
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🎉The
#FraudFightersManual
has officially launched!
I partnered w/
@Unit21
and other fraud fighters across the industry to prevent bad actors.
👀🍿Watch this video to hear about what readers will learn, and click the link below 👇 to get your free copy!
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3/ The problem is that the Ethereum foundation and all of these dApps are distinct entities with separate roadmaps and incentives. Value accrual to one party doesn’t directly benefit the whole dApp ecosystem. It’s like when city planners don’t talk to the utility companies.
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Honored to be included on this list with some of the giants in the ecosystem
TOP 10 PROJECTS IN ⚛️COSMOS ECOSYSTEM BY WEEKLY GITHUB CONTRIBUTORS
🗓️ As of November 9th, 2023
1/
@CelesitaOrg
2/
@osmosiszone
3/
@axelarnetwork
4/
@dYdX
5/
@NibiruChain
6/
@EvmosOrg
7/
@anoma
8/
@akashnet_
9/
@archwayHQ
10/
@ComdexOfficial
#Cosmos
#CosmosEcosystem
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8/ Meanwhile, the Nibiru Foundation will invest the treasury on infrastructure improvements like gas UX, IBC connections, fiat ramps, and marketing campaigns. Now the city planners are talking to the utility companies and providing incentives for building critical infrastructure.
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6/ $NIBI is redistributed back to dApps and the community through incentive rewards and grants, increasing further usage of dApps and encouraging the development of new dApps.
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11/ Imagine you’re trying to cook a meal. Instead of one grocery store with all the ingredients (Ethereum), you make many trips to small grocery stores (app chains connected by IBC). There might be less waiting and better prices at the smaller grocery stores but more travel.
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6/ App-chains don’t suffer from blockspace congestion because every dApp is isolated, running on its own blockchain. That’s why Cosmos chains have such low gas fees. Interoperability comes at a cost, though.
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5/ The benefit is that you can atomically interact with multiple dApps in a single transaction. For example, you can write a smart contract that interacts with both Uniswap and Curve to take advantage of arbitrage opportunities.
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10/ For some use cases, IBC is pretty good. But it's unreliable for other use cases, like arbitrage or high-frequency trading. In the Terra UST crash of May 2022, most users had their cross-chain transfers delayed because of the congestion in IBC channels on counterparty chains.
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9/ Relayer transactions aren’t free and take a non-deterministic amount of time. These packets might also time out. It’s an eventually consistent bridging protocol, and it also competes for blockspace on chains.
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Why is caching important?
If a CPU cycle (which takes ~0.3ns on today’s hardware) was scaled to 1s, then RAM access would take 6 minutes, SSD would take 90 hours, and HDD would take 12 months.
Don’t even get me started on round trip Internet latency.
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4/ For example, the PEPE token caused massive gas delays in Ethereum earlier this year ()
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8/ Off-chain processes, called “relayers”, listen for cryptographic commitments posted on one chain and copy them over to another chain. Relayers aren’t able to modify commitments, but they have to send transactions to counterparty chains.
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