Emin Gün Sirer🔺
@el33th4xor
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Founder and CEO @avalabs , Ex-prof @Cornell , Ex-co-director @initc3org .
New York, USA
Joined October 2011
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1/N After much demand, it's finally here: a proposed roadmap for AvalancheGo, or how to build the future of next-gen blockchain networks by leveraging all the best components of of monolithic and modular designs into one.
Note, this non-exhaustive and requires ACP approvals!
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So many academics forget that our goal, as a profession, is *not* to publish papers. It's to change the world.
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Avalanche ($AVAX) processed 1.1 million transactions today, approximately 96% of Ethereum's load. Average fees for a swap operation were $0.23 on Avalanche and $62.00 on Ethereum.
Let's build together.
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No amount of regulation can prevent fraud. But code can.
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Even fully-collateralized fiat stablecoins have depegged. Even some of the weak algo stablecoins have recovered.
Some thoughts. 🧵👇
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There's an ongoing attack targeting the Solana ecosystem right now. 7000+ wallets affected, and rising at 20/min. Because it's very early and the attack is ongoing, there's a lot of misinformation and speculation. So here are a few thoughts and clarifications.
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Our hearts are shattered for those affected by the earthquake. I hope this can assist in a quick recovery and help those in our community.
Please help if you can. Here is the donation address:
0x868D27c361682462536DfE361f2e20B3A6f4dDD8
The Avalanche Foundation has donated $1M in AVAX to the disaster relief efforts, organized by
@haluklevent
, for the earthquake that has affected Turkey and Syria. We encourage others to join the effort.
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How could anyone believe something so ridiculous as the conspiracy theory nonsense on Cryptoleaks? We would never engage in the unlawful, unethical and just plain wrong behavior claimed in these self-serving videos and inflammatory article. Our tech & team speak for themselves.
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Credit cards are ancient, insecure technology, where you happily provide your private key to every merchant. And that motivates crooks to do stuff like this to get at that key.
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Avalanche ($AVAX) is Green.
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Great to see the insane growth on
#Avalanche
:
- 80% of Ethereum's activity
- 134,000 daily active addresses
- 13,000 unique devs
All within 14 months of launch, and all with low fees.
But most of all, I'm proud of our happy user community.
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My response to the categorically false Crypto Leaks article and lies circulating about Ava Labs and myself:
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I'm thrilled to have been appointed to the CFTC's Technical Advisory Board. I'll do everything I can to move the space forward, inform regulators about the latest developments in crypto, and bring the benefits of blockchains to our financial system.
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The focus of Avalanche has, and always will be, building great technology backed by science. We launched in the last bear market, and we’ll continue to push forward together with confidence. Let’s create the next wave of innovation together.
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Proof of Reserves is a good start, but it needs to be coupled with Proof of Liabilities in order to be useful.
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1/ The Luna Foundation Guard has announced a strategic deal with the Avalanche Foundation to acquire $100M of $AVAX to help bolster its UST Decentralized Forex Reserve.
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Overall, the UST depegging played out exactly as we saw in past historical cases. I'm even more bearish on all copycats, and bullish on UST once the dust settles down.
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The people trying to fade memecoins are the same kind of people who were fading pop music in the 60s, calling Banksy a vandal in the 80s, and shittalking rap in the 90s.
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99.99% drop on the squid game token. I mean, what did you guys expect? There's nothing behind this coin except it stole its name from a popular show.
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We're still in the early days of building fast, scalable blockchains. Issues can happen. Power to
@aeyakovenko
& the Solana team as they perform a restart.
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This is a big deal. It's not your grandfather's "AWS partnership announcement." Let me explain in plain English.
AWS partners with Avalanche to scale blockchain solutions for enterprises, governments by
@jacqmelinek
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Hey y'all,
We all ignored the huge red flags associated with SBF because "he looked smart" and "he made a lot of money." Then it turned out that he was dumb as rocks, was a sociopath, and was just stealing our money.
The next cycle is going to be even more noisy, with even…
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Turkish media is irresponsibly sensationalist when it comes to crypto. Here, we have Binance closing withdrawals for a few hours, and they use the headline that "Bitcoin collapsed."
If you're wondering why the coin prices are so volatile, look no further.
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Look, "The Metaverse" as envisioned by "big tech" is just going to be ads, ads, and ads, combined with office work. It's full on cringe, because this is all they know.
The actual metaverse will be built on blockchains.
Microsoft’s take on the Metaverse is coming next year and will have PowerPoint and Excel
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I was just thinking about Gates, Bezos and the like. If you're a billionaire, but you don't know what these are, are you even rich?
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Three years ago today in Korea, no mainnet, no believers. Just a K-pop boyband in its early days.
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Reminder: There can only be at most 720m AVAX, regardless of what any website says. There has been no change on this front since launch.
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How many times can the same dumb company, whose near-insolvency was an open secret for almost a decade, crash the crypto markets?
#Evergrande
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Ok, talking about meme coins annoys people, noted 👍
Will do it more 👍
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Alright, listen up. Y'all have never seen a blockchain that actually scales, so get ready for some counterintuitive discoveries. We’re in a new paradigm of blockchain value capture, and things get interesting.
A thread 👇
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1/ Today,
@avalancheavax
announced the largest investment into the
#Avalanche
ecosystem to-date totaling $230M. I’m thrilled to see so many people realizing the power of Avalanche’s technology and community, and the opportunities for exponential growth.
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So glad that Avalanche, Ethereum, Cosmos, and Tezos aren't in this list. We will continue to build with like-minded people.
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Everyone is looking for "the next AVAX." A coin with the strongest tech innovation, business development that brings new assets to life, with dedicated teams and a good community.
AVAX is the next AVAX.
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A single Avalanche subnet, launched literally two days ago, has more TVL than Cardano, ranked 8th. Avalanche itself is ranked 10th. Make of that what you will.
DFK chain
+ TVL $345M
+ Days from launch: 1 day
Cardano
+ TVL $334M
+ Days from launch: 2,555 days
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Large market movements are the perfect time to test chains. I hope you all have been monitoring chain performance over the last few days.
Thread 👇
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Please don't be an Avalanche maxi. Let's always be open-minded, kind, and scientifically driven -- that's what got us here.
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This is from 4 years ago, back when China banned crypto only the 156th time.
"The lesson from the internet is anything China bans, invest in" -
@fredwilson
#BitLicense
/ Banking on Bitcoin 31:30
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Avalanche is fast. Not because it uses massive hardware, not because it centralizes processing, but because it uses a superior algorithm for achieving consensus.
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@elonmusk
@itsALLrisky
Elon, block times and block sizes cannot be scaled like that. And as long as Doge is based on proof of work, it would be an environmental disaster. New protocols are necessary to scale.
The biggest scientific breakthrough since the Bitcoin whitepaper is the Avalanche protocol.
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I normally never talk about the price, but you have to check it out on coin market cap :-).
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One day, they ban the word and take down videos, the next day, they add you as a tab on their finance pages.
Adoption doesn't happen overnight. Kudos to everyone who stuck with the crypto journey to this point. There's so much more to conquer.
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Web2 baron doesn't like technologies that would undermine his empire. News at 11.
You don’t own “web3.”
The VCs and their LPs do. It will never escape their incentives. It’s ultimately a centralized entity with a different label.
Know what you’re getting into…
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Bullish.
DONALD TRUMP: Crypto is very dangerous. It could be an explosion like we have never seen before
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As we spin up more subnets, and as some of them use their own tokens for gas, some of you may be concerned that the demand for AVAX will drop. To the contrary.
Let's delve into token dynamics. 🧵
🧵: I love $AVAX, and I think the tech is awesome. But I have a real concern.
Crabada currently accounts for 64% of $AVAX weekly transactions. Next month, it’s getting its own subnet titled “Swimmer Network.”
This means $TUS becomes the gas token instead of $AVAX..
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People are too soon to forget that builders accumulate while speculators leave projects. In crypto, the long-term always wins, and $AVAX is built to change the game for good.
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1/ I am incredibly excited that
@avalabsofficial
is collaborating with
@Togg2022
to empower the future of smart mobility with
#Avalanche
at its core. A quick thread on why I believe Togg will breakthrough and deliver on its bold vision.
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Ok, there is a terribly wrong framework emerging around consensus protocols. People think that PoW and PoS are consensus protocols, and that they are the only two consensus protocols out there.
This is false. Let me explain.
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Incredibly proud of the latest Avalanche upgrade. More details tomorrow, but I'll just mention that this change makes
#Avalanche
the cheapest (lowest fees per transaction) and fastest (lowest time to finality) chain.
0/ Apricot Phase 4 (Snowman++ and Reduced C-Chain Fees) activated successfully on
#Avalanche
Mainnet ~60 minutes ago (0 downtime observed)!
Shoutout to the entire validator community for upgrading 97.5% of stake to AvalancheGo
@v1
.6.0 prior to activation!
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What on earth is this.
This is pretty wild. The Solend team wants to take over the whale's account and execute the liquidation themselves. The whale's position is so degenerate that if SOL drops too low it will create cascading liquidations across the DEX books (and potentially bad debt). "DeFi"
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This is a big deal. And it's happening on
#Avalanche
.
Onyx by
@jpmorgan
and
@apolloglobal
have announced a collaboration under Project Guardian, leveraging
@LayerZero_Labs
to connect Onyx with a permissioned Avalanche Evergreen Subnet, which facilitated subscriptions and redemptions for funds offered by
@WisdomTreePrime
.
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Check out the impact of the latest Avalanche upgrade on fees.
❄️❄️Apricot Phase 5 is now active on
#Avalanche
Mainnet❄️❄️
Can you tell when the AP5 upgrade went live?
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I keep hearing this: "but but but some day Avalanche will be as slow as Ethereum."
No. Avalanche brought us the biggest breakthroughs in consensus and bridging. We will address lesser engineering problems without batting an eyelid.
Avalanche blocks will be full as well
It’s really no secret that all chains will eventually be full if they get adopted and anyone telling you otherwise is lying.
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One final point: no, Roche does not have anywhere near 1% of tokens. That is also a blatant lie from the article.
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Happy 10th anniversary of the collapse of Lehman Brothers and the start of the 2008 financial crisis.
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Just came into the office to find this.
IN COQ WE TRUST.
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Is this the day when the crypto markets realize that they are far more resilient to Chinese real estate developers than they think they are?
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Ethereum only has 14M blocks.
#Avalanche
is doing 85% of Ethereum's daily load right now, caught up to 70% of its chain length, and still maintains low fees. Wishing you all a great week.
We just passed 10M blocks on the
#Avalanche
C-Chain! 🎉
Congrats to everyone on the huge milestone!⛓
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1/ Ava Labs is thrilled to announce its partnership with
@Deloitte
to build more efficient disaster relief platforms using the Avalanche blockchain.
This effort combines the speed, resilience and adaptability of Avalanche, and Deloitte's Fortune 100 enterprise knowledge. 🧵⬇️
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Over the last 24 hours, our API nodes have seen 2.75 billion API requests, with no increase in average latency, compared to last week.
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For most people, this is their first big crypto market downturn. First, I'm sorry, but this high variance is why everyone loves these assets. They're not Union Pacific, not Stores of Value. They move. Just as much down as up.
The question you're asking is: Why?
(Thread >>)
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Saturday morning distributed systems micro lecture: Performance Metrics.
A thread 👇
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$45m of BTC bridged to Avalanche. No centralized custodian. Just trustless networking that enables users to use their BTC as collateral in DeFi.
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A HUGE THANK YOU! to the many sponsors who made the Avalanche Summit possible! It's looking to be epic.
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My thoughts and takeaways today:
1. We need a decentralized stablecoin. Fiat-backed stables are subject to legal seizure and capture. A decentralized economy needs a decentralized stablecoin whose backing store cannot be frozen or confiscated.
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Here's the link to the AVAX Wallet from Ava Labs.
Do *not* ever use Google to search for the wallet. There are scam ads that will direct you to realistic looking websites which will then steal your coins.
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Nice to see exchange support for AVAX-native assets.
Exchange now supports deposits and withdrawals of $USDC via AVAX C-Chain.
*Available for both Exchange Web and App.
Deposit Now 👉
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In just 2 years,
#Avalanche
has proven that its breakthroughs in consensus and design live up to their promise.
Seeing Avalanche grow and deliver value to people around the world is the highlight of my career.
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Every now and then, something happens to remind me that HSBC is still around. To recap:
1. HSBC laundered money for the Mexican cartel. They were so brazen that the cartel got special bags manufactured to fit through HSBC teller windows.
2. Not a single exec went to jail.
and...
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Development activity breakdown for top coins.
Do not "invest" in coins where the dev team isn't actively working on improving the platform.
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Core web is here! This is an all-in-one “command center” for Avalanche, Bitcoin, Ethereum, L2s and various EVM-based blockchains.
What the heck is a command center and how does it differ from a wallet?
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With this addition, Avalanche solidifies its position as the fastest system for sending USD around the globe. SWIFT/ACH/etc, step aside.
EXCLUSIVE:
@avalancheavax
is adding native $USDC as the blockchain continues its push into DeFi.
@IanAllison123
reports
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This isn't the Andretti Formula-E electric car, but this electric car is getting prepared for wide scale production and it will have an
#Avalanche
wallet in it.
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This is an important milestone. Here's to the next 999 million!
1 million total wallets on Avalanche (Contract Chain)
🔺 only
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Rumors are that the Indian government is planning to pass new regulations that recognize crypto as an asset.
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There's a scammer out there who is claiming that I did not meet with the Bank of England to discuss CBDCs. As you can see from the BoE letter below, they clearly say that I met with them on 3 different occasions.
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Congratulations to everyone who is graduating this year!
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"Although some professed surprise that Pollen had launched on AVAX rather than ETH, the decision was .. made following feedback from the community. As Pollen expressed “We love ETH and will deploy when the transactions are not a barrier to all but whales”"
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We're going to need better glasses. 🧐🥸
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Condolences to everyone affected by the earthquake in Turkey. Wishing for a quick rescue and recovery. Absolutely devastated by the news.
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Many people in the US have been asking me for a reputable place to buy $AVAX in the US.
Inbound transfers for AVAX are now available in the regions where trading is supported. Traders cannot place orders and no orders will be filled. Trading will begin on or after 9AM PT on Thursday September 30, if liquidity conditions are met.
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I try to avoid the cultism that's common in crypto and am openly critical of anything that contradicts science and good engineering.
Don't take a critical view as bearishness. I invested far more in crypto than most, want the entire space to succeed, and believe it will.
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Someone dropped this paper on IPFS and some IRC channels yesterday. It describes a new family of consensus protocols that combines the best of Nakamoto consensus with the best of classical consensus. Huge breakthrough:
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Great to see $AVAX on Kraken! Many thanks to
@jespow
and the team!
NEW token listed on Kraken: 🔺 $AVAX
@avalancheavax
Deposits begin NOW & trading is live December 21st! ✨
➡️ Learn more:
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Just wrapped up the very first blockchain hackathon in Turkey. Spoke individually with 150 devs. Gave out ~$100k in prizes. Met some amazing people from all ages and backgrounds. Slept around 10 hours in 3 days.
Totally worth it!
3 günde toplam 10 saat uyku
Cevap bekleyen 100+ mail, projeler toplantılar
Yol, yorgunluk
AMA
Spekülasyondan başka bir meta ile beslenmemiş topluluğu geliştirmeye teşvik etmek paha biçilemez
AvalancheHacks müthiş oldu seneye daha adilini, büyüğünü yapmak için görüşmek üzere!
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Did y'all sell perfectly good coins that **are not even using the same tech as Bitcoin** because Elon was worried about Bitcoin's environmental impact, and now y'all are buying because he said something positive? Sheesh.
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You all made a lot of noise about decentralization, and someone finally went and measured it for Bitcoin and Ethereum. Wait that's us.
Decentralization in Bitcoin and Ethereum
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