1/ Deep dive into
@dymension
$DYM and how it compares to
@KIRA_official
$KEX. In this thread, you will discover 6 core building blocks of
#modular
chains and how they differ between those two projects. Let's buckle up... 👇🧵
1/ I seen many threads about
@KIRA_official
recently that are fairly inaccurate so after dozens of PM's on TG and with some tech help from
@asmodat
I decided to make a breakdown to explain what KIRA Network really it is and how it works.
🧵👇
1/ cc
@asmodat
recently posted
@KIRA_official
blog about
#metafinality
and I wanted to break it down for a non-technical audience. MF has major implications for rollapps interoperability and bridging, and it is the only practical solution in
@cosmos
I have come across yet: 🧵👇
Infinite money glitch
Step 1 - stake
@CelestiaOrg
$TIA which has APY of 16%
Step 2 - flip rewards for
@KIRA_official
$KEX which does not inflate at all
Step 3 - look how your APY of 16% turns into 5968% APY
Follow me for more science
1/ Deep dive into
@dymension
$DYM and how it compares to
@KIRA_official
$KEX. In this thread, you will discover 6 core building blocks of
#modular
chains and how they differ between those two projects. Let's buckle up... 👇🧵
Shower thought: 🚿 🤔
If
@CelestiaOrg
stores 20GB of data and it is worth $20 Billy it means investors are paying $1 Billy extra per each 1 GB it stores...
Maybe it is better to look into DA subnets space as implemented by
@KIRA_official
$KEX
Follow and ♥️ for more science.
Calculate this as FDV because
@KIRA_official
$KEX is almost fully liquid while
@CelestiaOrg
$TIA is not. So 19'718M/65M = 303x. In simpler words KEX has 3x smaller supply so to match TIA, the price would be around $60 per 1 KEX.
1️⃣
@CelestiaOrg
$TIA
2️⃣
@dymension
$DYM
3️⃣
@KIRA_official
$KEX
Only those 3 modular networks exist, what is your % allo in each one and why, comment below 👇, like ♥️ and share.
Composing modular chains such as
@CelestiaOrg
or
@dymension
adds systematic risk to your application. Go
#hypermodular
with
@KIRA_official
$KEX where all modular components are integrated into single coherent design:
1️⃣ SEKAI - Shared Security
2️⃣ INTERX - DA
3️⃣ KM - RaaS
Sydney Sweeney reveals in an interview that she's a huge proponent of
@KIRA_official
$KEX for AI and blockchain-less compute.
"Not everybody needs deterministic code and we need to respect that."
She added, "KEX meets the people where they are and I think that’s beautiful."
It took
@KIRA_official
$KEX ~500 commits and less than 1 month to to move the price from $0.01 to $0.34c, it means it will only take 4.1k more commits and less than 9 months to reach ATH, that is 12x the speed of
@Polkadot
$DOT return to ATH
Follow for more science
If 22M commits in 1 year can bring price of
@Polkadot
$DOT to $9 from $3 it will only take 200M more commits and 9 more years to reach the ATH given current price of $6
Follow me for more science
@DonCryptoDraper
Anyone else noticed that
@ethereum
sits in a way that if those doors open it's not going to fall, and that's exactly what is going on right now.
"Just
#modular
things."
Join
@KIRA_official
$KEX instead, it is more intersting if you are into powering trustless compute systems with ZK.
Stay
#hypermodular
folks.
When a commie modular space force you to compose your shitcoin out of 12 modular shitchains and you need to pay for all of them for your app to work... Go
#hypermodular
with a single coherent modular stack network
@KIRA_official
$KEX
@danielesesta
I would borrow $USDC and use it to buy $ETH and borrow
#USDC
again, then repeat perpetually until there would be 0
#Ethereum
in existence anywhere else but in my wallet.
Did you miss your
@Starknet
$STRK airdrop at the 1 Trillion FDV? Nothing lost, you can still do much better with
@KIRA_official
$KEX by participating in the testnet and contributing to the world progressing towards crypto-anarchy instead of gryfto-anarchy.
Most memecoins don't serve any purpose but
@ghsillionaire
$GHSI is different, it highlights one of the craziest aspects of how our world functions behind closed doors. A must-have for any self-respecting crypto-anarchist. My next pick after
@KIRA_official
$KEX and
@sax_trade
.
6/ Split of execution layer from blockchain has never before been attempted alongside separation of verification and execution logic of the application where the latter doesn't require determinism, unlocking new era of compute for crypto, see Nebular talk:
According to my $TIA reward rate
@CelestiaOrg
prints around 5000 $BTC equivalent in new coins or $225M every single month to sustain the pump. This is an equivalent of 4x the enite FDV of
@KIRA_official
$KEX supply. Realized gains or not, this is FTX level of spending.
POV: Me trying to explain you my self hosted
@KIRA_official
$KEX validator setup while a random WIB is trying to distract me with her deep
@solana
shitcoins.
One thing i worry about is whether all the apps which decide to launch their own chains just end up being generalized smart contract chains eventually — especially given market seems to incentivize this.
Seen similar w/ Sei and Injective but not LR good idea
Sounds like something that can get you interested in $KEX. While
@dymension
$DYM solves interability issue between RollApps,
@KIRA_official
sovles liquidity and UI by providing liquidity via
#multistake
consensus and dAPI support via INTERX making building RollApps easier.
My 1.5TB microSD card from Costco I picked up for $14.99 connected to my
@KIRA_official
$KEX validator reacting to
@CelestiaOrg
$TIA a $20B modular network storing a whole 2.5GB of rollup data...
Sounds just like
#metafinality
(MF), if someone though
@CelestiaOrg
copying
@KIRA_official
$KEX narratives was a joke. Here is a proof that it is NOT... KIRA quote on MF: "functional bridging and cross-roll-app communication solution for both modular and monolithic chains"...
9/ Stay
#hypermodular
and if you found this thread useful and want to see more KIRA breakdowns in the future please follow, like, and share. You can find a full article here:
When 1 $DYM = 1 $TIA, I'll be able to recover 100 of the 367 $TIA I sadly swapped at ~$2.3 for $REBUS, and stake them!
Will it reach $TIA price, though? 🤔
Put 100 woman and 10
@KIRA_official
$KEX holders on a deserted island.
In 100 years, you will have a thriving community.
Now, put 100 women and 10
@CelestiaOrg
$TIA holders the same island.
In 100y you will find the skeletons of 100 woman and 10 man
Follow for more science
Put 100 women and 10 men on a deserted island.
In 100 years, you will have a thriving community of men, women, boys, and girls.
Now, put 100 trans women and 10 men on a deserted island.
In 100 years you will find the skeletons of 110 men.
Follow me for more science.
7/ Implications of the Virtual Finality Gadget are major, AI apps, streaming, social media apps can become functional for the first time and apps are not limited to being just techno-memecoins aka silly smartcontracts that are simply code recomputed by all consensus participants
@1971Bubble
So how the hell are u supposed to pay off the loan if you can't buy
#Bitcoin
with it?
There is a loophole tho as you can buy
#Ethereum
freely
3/ It uses type of fisherman model that is being adapted by giants like
@eigenlayer
and was conceptualised by
@gavofyork
, the difference being the KIRA idea is much more powerful because uses docker containers instead of EVM making things like AI apps possible for the first time
Me and my
@CelestiaOrg
$TIA Light Clients powering all your
@solana
shitcoins. How many more Game Boys do I need for us to reach mass adoption
@nickwh8te
?
Tell me what is the future a
#modular
@CelestiaOrg
$TIA selling you storage for $1 Billion per each 1 GB, or free
#hypermodular
DA storage with RollApp subnets on
@KIRA_official
$KEX and guaranteed funds recovery though native base layer.
5/ Goal of the team is lowering cost and time of building real applications that can serve real users. Making your own appchain on
@cosmos
sdk or parachain on
@polakdot
is a costly obsolete tech from 2016 era, a lot has changed since and lessons must be taken from scaling in Web2
Consider that it is just a rename of blockspace == coretime. There is no real application autoscaling taking place in
@Polkadot
like it is taking place in
@KIRA_official
. Note that growing your blockspace requirements makses network less decentralized, forget about self hosting.
Scaling applies to base layers the same way it applies to data layers. If you look at
@CelestiaOrg
its data storage architecture is monolithic because most nodes store most of the data. In more modular systems like
@KIRA_official
data is shared only among those nodes that care…
2/ KIRA is an L1, meaning it's purpose is running applications and the way it does it is brilliant, instead of relying on some form of VM like Ethereum or Solana it let's developer decide rules of their own micro-consensus that is then fully supported by KIRA's own validator set.
Like, Follow, Drop your
#ETH
address here and
#NFT
under 3.5 ETH number of fake shillers accounts I block every day is going exponential. Bottom is in.
2/ X-RollApp Communication - ✅ $KEX, ✅ $DYM
Both projects allow RollApps to communicate: $DYM uses
#IBC
while $KEX cross-app-messaging
#XAM
, both enable data and value transfer however XAM is a GAS-less HTTP-like protocol and does not require on-chain payments.
@100trillionUSD
This is some serious shit level of delusion. Assuming volatility decreases over time with growing market cap, the bands should be slowly converging and not stay parallel.