
Wei Dai
@_weidai
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Research Partner @1kxnetwork. CS PhD @UCSanDiego. Research & investing for the future of crypto. Alpha in highlights. Personal opinion, not investment advice.
Joined November 2021
1/ Why I'm excited about investing in crypto infra π§΅. Crypto and trust-minimizing technologies will transform foundational infrastructures across industries. As an ex-academic and now investor, I strive to find, fund, and partner with 0-to-1 innovators and 10x disruptors.
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Ethereum gas limit: 30M β 45M.ETH: ~50% up over past month. Clearly, the tech is 50% better.
AND HERE IT IS:. First 45 Milion Gas Limit block proposed on #Ethereum Mainnet! π₯π. Next Target: 60M π
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Monthly reminder for infra builders:. Blockchain scaling is about scaling network effects, not just throughput or TPS. Some questions to ask:.β If there's a successful app in your eco, how does it benefit other apps?.β If a users onboards to one app in your eco, do they also.
Blockchain scaling is about scaling network effects, not just throughput or TPS. For a single state machine/chain, more throughput = more network effects. For a cluster of chains, better interoperability = more network effects.
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Very good read for those wanting to catchup on the upcoming trial on TC / Roman Storm. My read is that the prosecution won't be arguing against either (1) code is speech or (2) non-custodial protocols are not MSBs. If you really want to support the defense, saying "writing code.
In today's status conference for the Tornado Cash case β the final one before trial begins β the judge made it clear that she plans to focus less on crypto mixing tech and more on what was in the developers' control. Here's my recap of the hearing:.
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One overarching thesis at @1kxnetwork is that innovations in secure-by-design trust infrastructure will eliminate inefficiencies in markets and lead to new waves of value creation. Programmable cryptography, quantum systems, secure hardware, DNA computing, . there will be new.
please reach out & let us know what you think! criticisms and questions especially welcome -- we need perspectives from various disciplines and vantage points to harden our focus and help us steer in impactful directions π§.
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Snarkifying the L1 can be an inflection point for Ethereum because it could provide hockey-stick shape scaling for the L1. Instead of scaling node requirements uniformly like other L1s, Ethereum will only need to scale DA + RTZK throughput.
2/ Realtime proving for Ethereum L1:. β’ Latency: <= 10s for P99 of mainnet blocks.β’ On-prem CAPEX: <= $100k.β’ On-prem power: <= 10kW.β’ Code: Fully open source.β’ Security: >= 128 bits.β’ Proof size: <= 300KiB with no trusted setups.
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Crypto's network effects, thus far, come mainly in the form of easy discovery and access to trade, hodl, or use new tokens. To date, there are two categories that accrued this network effects: (1) CEXes where users onboard (2) chains + their dominant wallets & frontends (for.
Introducing: Phantom Perps π»Β βΎοΈ. Go long or short in just a few taps. 100+ markets. Up to 40x leverage. All in your pocket. Powered by @HyperliquidX
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RT @Mausefalle25: Great to see @1kxnetwork at the top of the @KaitoAI_ VC leaderboard over the past 12 months with 14.8% of the Mindshare-β¦.
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