.
@jump_firedancer
is the pinnacle of engineering, by people who actually care about every component in a computer.
This is not even EVM vs. Solana. This is just glorious, admirable engineering done by the best in the world.
ACCELERATING ED25519 TO IMPROVE HPC FOR CRYPTO!!
๐ฆ NFT Mint Cost, updated!
Minting cost for 1 million NFTs on various chains, May 12.
Notably,
โฃ $1,219 on
@NEARProtocol
๐ก
โฃ $1,295 on
@Solana
โก๏ธ
โฃ $16,058 on
@0xPolygon
๐
โฃ $14 million on
@Ethereum
๐ธ
More at
Building some
@Uniswap
Hooks using
@Axiom_xyz
!
๐๐ฅ๐ ๐๐๐๐จ๐ฎ๐ง๐ญ: only accounts of age >= X can swap
๐๐ ๐ ๐๐ ๐๐๐๐๐ญ๐: LPs get lower fees on pools they're providing liquidity
๐๐๐: only KYC'ed users can trade
Untested, in dev!
Another severely underappreciated feature in
@Solana
: native gas relaying!
E.g. Alice signs a tx and sends it to Bob, who can pay for the gas fee of Alice's tx.
"Fee payer" of a tx can be different from the original tx signer. EVM doesn't support this native
(tx: transaction)
Kind of crazy how he's saying "you need to be a big computer scientist to understand the limit of physics"
Solana guys are experts in distributed systems, consensus, and OS. Jump guys are the BEST in the world for all systems & high-freq distributed trading.
I'm in one of theโฆ
Why does Solana people not understand this.
You guys can't scale because you are limited by laws of physics and distributed systems - by Sandeep Nailwal
Base now costs $2 for a swap on Uniswap
I guess EIP-4844 cost reduction was offset by increased usage. Equilibrium reached? I can't/won't use the chain if swap costs >$2
Hear me out
@solana
Sign In With Solana, what if
1. Generate zkSNARK of Google email login & recent timestamp
2. Program creates PDAs with email addr as seed
3. Use zkp to verify email ownership & execute arbitrary functions/CPIs
(use nullifiers to prevent double-spending zkp)
One extremely under-appreciated feature of Solana is native program upgradability.
Ethereum proxy and upgrades are nightmares, e.g. storage collisions and exploits from improper upgrades.
Solana programs are stateless, so upgrade is a breeze. Shocked me when I first touched it
.
@Berachain
should have better commit messages, "bet" is hard to tell what's going on ๐
Is something happening on 6/9? Seeing some commits to the main branch after a few months of pause.
@paladin_marco
MetaMask should auto decode bytecode for more average users to see whatโs happeningโฆ faster for us to create a safety extension for this I guess?
Ethereum has too many validators, to the detriment of the network!
Naรฏve Ethereum folks conflate "more validator" with "more decentralized" without realizing the many downsides this notion entails, in the presence of LSD.
P2P systems are built on top of network that gossipsโฆ
Just had a call with a Polygon DeFi chad and sparked some tangible modular DeFi ideas to materialize. Fixed income, alternative investment opportunities on
@0xPolygon
๐
Another under-appreciated native
@Solana
feature: Program Derived Address, or PDA!
PDA is an address owned & controlled by a program (contract).
So NFTs can own other addresses!
@ERC6551
โNon-fungible Token Bound Accountsโ is native on Solana ๐
Reading the CircuitBreaker by
@real_philogy
@Diyahir
@tcb_00
, one concern is the gas spike.
MockERC20 `transferFrom` costs 26,109 gas. With CircuitBreaker, it costs 132,733 gas. Extra 99777 gas used per ERC20 tx.
At 50 gwei per gas unit and $2000 ETH, that's $12 extra per tx!
Eclipse (
@EclipseFND
) is deploying the SVM as an L2 framework on Ethereum
Everything all the good stuff of
@solana
, and none of the bad...
...all settling on
#Ethereum
This episode gonna be a doozy๐ต
LIVE, at 2pm EST!
No overdraft fees.
No ACH/wire fees.
No bounce fees.
No monthly maintenance fees.
No โblacklistโ accounts for arbitrary reasons.
No forex fees & spreads.
No โbusiness days.โ
Instant settlement.
Money ownership.
Blockchain has too many edges over banks ๐
My main argument for crypto is this:
- You pay someone 50 dollars.
- A payment network takes 2%
- The person you paid, pays someone else.
- A payment network takes 2%
After 34 transactions half the 50 dollars is gone.
The other half went to the payment network.
Since
@EclipseFND
launch is shaking up the blockchain dynamics, I figured some EVM devs would be interested in Solana development.
Here is a brief intro from the EVM perspective: How Solana differs from EVM in many ways!
Solidity is bad. It opens up various attack vectors & delegates hardware-level safety to software devs!
Solana & Move are much safer, because the system & language forces devs to take design choices that minimize attack vectors. Move is the strongest form of safety for devs.
Tbh getting quite bearish on smart contracts after the constant hacks over so many years. It's not clear to me what a step function improvement in security would look like here, but it feels like without one the default solutions will be whitelists.
Why I'm divesting time to learn & build outside EVM: Solidity is NOT ready for mass adoption.
In fact, Solidity v0 is a DANGEROUS language for mass adoption๐
Listen to
@a16zcrypto
's podcast on languages
Here is the Merkle root of the last 100k Tweets on CT โ donโt waste your views!
๐ฒ 0x17da8a481681671ed025910c731f1460907b0fc7f155888af243bcf047573738
Non-enshrined "account abstraction" facilitates *for-profit* companies to build their own solutions encapsulated in their closed ecosystem.
I have used Alchemy, Biconomy, etc. for AA โ all have different 4337 accounts for the same user, pain in UX. Now imagine multi-chain ๐ซฅ
I'm starting to realize 4337 is going to create a disaster for user management of funds.
If you thought the USDC schizophrenia problem on Arbitrum was bad, wait until you have eth across ten 4337 wallets because every app dev issued you a wallet behind the scenes.
We need 3074
1. We already use half-permissioned blockchains; look at upgradeable proxies like USDC and aggregators.
2. Immutable contracts like Uniswap are permissionless (on protocol-level).
One way or the other some people or entities are going to create permissioned tools on blockchainsโฆ
It's a slippery slope. Just like the analogy of the frog that is in slow boiling water.
If you create the tooling for permissioned systems, you give grounds for regulators to push to use them even in contexts where they aren't necessary.
That re-enters trust into the system, asโฆ
Another
@Uniswap
hook: ๐๐๐ ๐ฌ๐ฐ๐๐ฉ๐ฌ
You might refute: "Why would you do that?"
Some (big) traders are strict with compliance! So the hook allows them to use the battle-tested, de-facto AMM โ Uniswap ๐ฆ
+ If you don't want to KYC, you can use another pool (different hook)!
Ethereum people be like โpayment is the futureโ but when they see payments settle faster & cheaper on other L1s, theyโre like โNOOO BAD PAYMENT BAD L1โ
Solana, Polygon, Avalanche, Sui, etc. at faster final finality than L2s. Of those systems, non-EVMs are much cheaper too.
Current Account Abstraction approaches like ERC-4337 and Smart Accounts are way too complex for most devs.
So devs rely on 3rd parties like Alchemy and Biconomy and increase centralization. What good is AA if we can only build with centralized and for-profit companies?
Awaiting for Amazon Prime Day to buy more NVMEs and RAMs to run:
-
@Paradigm
reth
-
@Solana
RPC node
Hopefully my college fiber lets me run both ๐ซก
(was thinking about running
@0xPolygon
node but it's 5tb+ storage ๐ฅฒ)
Just got off work, had a last minute intense session outlaying the to-be-tackled problems of RWA and DeFi โ liquidity.
Bullish of our outlook and solutions, yet I wish I had more first-hand experience to better comprehend the pain points.
Q: How can we allow only old accounts to swap on Uniswap V4?
A: Use the ๐๐ฅ๐ ๐๐๐๐จ๐ฎ๐ง๐ญ hook!
Using
@Axiom_xyz
and
@Uniswap
V4, we can make pools that only process swaps from accounts of age X or greater. A brief explanation below ๐
@Montana_Wong
2/2
3) ~10% circulating supply of ETH locked so far. But that's ALREADY locked. So it's not a sudden "halvening," but just a continuing phenomenon. It's priced in.
4) Liquid Staking is common now, e.g. Lido. In other words, many staked ETHs are not 100% locked in value.
Just onboarded
@OttrFinance
wallet after reading about Meso (which I just registered), and all I can say is
BUTTER SMOOTH
SO SMOOTH
WEโRE SOOO BACK
I just created a fundable wallet in Solana without even knowing ๐คฏ and UI & UX is so good and clean
Happy Independence Day ๐บ๐ธ๐บ๐ธ
This is my 6th year in the US, having lived 11yrs in Korea ๐ฐ๐ท and 4yrs in Indonesia ๐ฎ๐ฉ
US is one of the few nations that justly rewards talents and hard works. I joyously spend many nights coding, knowing that the US welcomes my effort ๐ค
๐จ Major announcement ๐จ
Today, I'm creating a decentralized *Netflix* for *Gig Economy* using *blockchain* and *GPT AI*!
It will use fraud-detecting *ZKP* and *DID* and run on *P2E* & *GameFi* economy. Also has *Autonomous* *Group Purchase* feature.
Raising $100m pre-seed.
DePIN is the future, like tokenization.
AI has so much more to grow. Crypto x AI is an inevitable marriage.
IP market will get disrupted by
@StoryProtocol
with blockchains.
Coupling of offchain and onchain services for protocols will be the norm & moay, like RWAs and USDC.
Ethereum isnโt going to happen. An attempt to โreframe the narrativeโ really means โwe forget we can hard fork the chain like we clearly did with The DAO.โ The slow database died when The DAO did. Capitulate and move on.
Solana isn't going to happen. An attempt to "reframe the narrative" really means "we need to invent some new bullshit to get liquidity." The scam died when Sam did. Capitulate and move on.
.
@ILL_Blockchain
and I are looking for an advisor for our new governance team!
Illini Blockchain is committed to democratic decision-making & will utilize cutting-edge tech like GPT to streamline governance! First up is a16z Uniswap!
If you're interested in advising, DM me :D
.
@StoryProtocol
is inventing the Printing Press for IPs.
Current licensing ecosystem requires bespoke deals (hand-written books), but this will be programmable!
Policy Framework => Set of Wooden Pieces
Policy => Inking some wooden pieces
License NFT => Copy of a Policy printed
@TeamEarlybird
@haydenzadams
@Uniswap
Well I can confirm, no affiliation at all. Just a community hook ๐ Last thing any publicly significant DeFi will do is โinternalizeโ KYC, which isnโt even possible with current Uniswap v4 *permissionless* design. Anyone can create pools on Uniswap with custom config!
@Solana
devs should all listen to "Developer Tools" track talks in EthCC (livestream!) and be amazed at how extensive the Solidity dev ecosystem has become, and which amazing tools exist. Let's get some inspirations ๐ซก
Minting 10k NFTs... how much does it cost on different chains & rollups? ๐ค
๐ฅCheck it out:
Notably:
- Solana ~$23 (compressed)
- Polygon ~$132
- Arbitrum ~$213
- Ethereum ~$53k ๐ต
Composable Solidity contracts on
@Solana
via Neon EVM... any example?
E.g. I want to interact with compressed NFTs (Bubblegum) via Solidity contracts. How do I do it?
+ How to do ERC-1155 trades on Solana marketplaces and show on wallets?
Trying to deploy actual contracts ๐
1. Ethereum is scaling via L2 but *NOBODY* can run an L2 โnodeโโฆ so we trust the sequencer??
2. If I send ~100 txs a month, the gas cost equals the cost of running a Solana node ~$300. If crypto gets serious, 100 txs/m is peanut number.
I'm gonna take a different jab at
@SolanaConf
Breakpoint. Really positive vibes all along, great people, awesome ecosystem. BUT
*Most people have no idea what's going on in other ecosystems.*
Some think that's ok or even good, I say that's problematic.
If you attended SBC, youโฆ
One observation of devs on
@Solana
: many are really detached from the Ethereum & EVM ecosystem.
Solana devs really need to learn more about EVM: the idea space, live products, failed attempts, lessons, and innovations.
If you remotely care about EVM, then you should care aboutโฆ
@Montana_Wong
"Triple Halvening" is a misnomer, IMO. 1/2
1) Miner reward โ instant sell pressure. Most "miners" are pools; some individuals in pools re-invest Ethereum in on-chain dApps.
2) EIP-1559 has been here since London; it's not another "halvening"
L2 accrues fees to one company
vs.
Solana accrues fees to thousands of validators
The extra gas you pay in Base goes to the Base team who maintains the central sequencer.
vs.
The priority fee you pay in Solana goes to validators who keep the network decentralized.
Goal this year is to comfortably write parallel contracts in EVM, CosmWasm, Solana, and Sui.
Embracing the multi-chain ethos by becoming one myself. Rust is a beautiful language as well ๐
Since
@Solana
has a hot mess of logs, will platforms like Shadow emerge for the network? Or will Solana just rely on RPC nodes to index everything? ๐ค
Or do we (community) need to agree on a standard interface and logs for NFTs first ๐
Announcing our partnership with
@ritualnet
We are bringing crypto and AI together. AI models on Ritual can be registered seamlessly as IP Assets on Story Protocol
Programmable IP ๐ค AI
Learn more below ๐งต
@hmalviya9
Do we skip over when
- ETH clients failed on consensus (lost finality)
- L2s centralized sequencers stopped
- shared sequencers stopped
- other L1s stopped or had long, dangerous re-orgs
etc.
ETH consensus has and will have many problems too. Itโs a breathing ecosystem
We had a cleaner come into the office this evening
Had to physically pull our engineers out.
Always be shipping ๐ค
(No devs were harmed in the making of this photo; only shipping velocity)
Ethereum has the best research community and the most adaptive & technical roadmap. Can't beat that.
Fast or slow, EF and EVM researchers & devs are pioneering major aspects of blockchain, especially around privacy & scaling โ ZKP, FHE, TEE, MPC, etc.
@0xMert_
mom's boyfriend's basement
u can yell chart go up and no one gets mad. free meal. free yacht. free Porsche. you're just jealous reading this tweet now. only recommend for mad lad. or lassie.
What happens when you combine NFTs with DALL-E and sprinkle some randomness? Well...
You get Nordle! Mint an Nord or Combine Nords, complete a phrase for cooler images ๐
Combine "dressed up cat" and "with rainbow unicorn," and see what Nordle you get! (hint: I don't know)
Highly recommend
@Solana
people to read this & learn about
@EigenLayer
.
If you fade Ethereum for the sake of doing it, ngmi. Ethereum is light years ahead in research and many talented people are materializing research into novel solutions (that Solana can learn too).
Origin of EigenDA (
@eigen_da
) - A Retrospective
In this thread, I will present the story of our journey to build EigenDA from a personal vantage point. This story will lay out our longstanding interest in scaling network bandwidth as well as offer some inside anecdotes.
Currently losing a copious amount of future livable life years in college ๐ฅฒ to learn about things I most likely will never use
Teach me Rust or C and Iโll be happy, not MIPS, Verilog, and datapaths ahhhhh
Can AMM ever be IL-free?
Newer AMM protocols are promising IL-free LP, though none are battle-tested yet (theory works).
@TheCavalRe
's Self-Financing MM
@traderjoe_xyz
Horizontal-bin CLMM
@Bancor
single-sided (blew up)
@BreederDodo
Proactive MM
@PrimitiveFi
Replicating MM
Introducing ๐ค ChatGTP, a GPT-flavored Chat interface for multi-chain General Transaction Passing
ChatGTP empowers users to build & execute a series of arbitrary multi-chain transactions ๐
๐ Sign once, execute across chains!
Watch demo:
@UltrasoundTony
@0xMert_
You missed the mark. A lot of apps use Helius for RPC, so Helius can theoretically spam those to the block leader, which would congest non-Helius RPC txs.
Yes RPCs need decentralization โ it's a layer on top of a decentralized chain. Infura can censor your txs if wanted as well
This sounds a lot like
@Solana
๐ฏ๐ฏ
Summary from
@EigenLayer
talk by Sreeram:
Ethereum has high value-per-bit AND cost-per-bit. BUT we need LOW cost-per-bit too!
We NEED horizontal scaling!
Staking incurs various cost
1. Capital cost: risk-free rate lost for capital lockedโฆ
Build on the future of Programmable IP, join the ride in unlocking IPs for all!
IP can be a story, poem, art, photo, AI model, this tweet, a
@MadLads
NFT, etc.
As an DeFi enthusiast, I'm keen on seeing ideas that enable DeFi for IP (IPFi) like NFTFi!
๐ข Let's build Programmable IP
We launched our Beta Release and Builder Program during
@EthereumDenver
and had a great time connecting with so many talented builders
Thinking about developing on Story Protocol? Check out the post below for helpful links๐
Amazing to see more massive players onboarding to
@0xPolygon
, latest being Meta!
But let's not forget that simply slapping tech at normal people won't work. In other words, bigger market for tools that abstract away blockchain interactions!
@ricardoplopes
@alexandr_wang
Thatโs the public perception of Web3, an unfortunate one that has the hype.
AI right now has its own limitation too. For example, Transformer has enamored the NLP field and the public only knows about GPT, BERT, etc. Thereโs so much more to it, though.
I'm pivoting to work on subnetconductors, please reach out if you have experience with fusion reactors.
I'm from S. Korea so I have a good PMF nearby (won't name the customer for anonymity)
Things are heating up fast but I'd rather do work at room temperature
@punk9197
@0xrwu
@renji78
@SuiNetwork
@solana
Compression makes minting cheap at the cost of:
1. less composability
2. need for offchain storage
3. need RPCs to support indexing
For (1), NFT creators can find a balance between a lighter compression (need to include more info in each tx) or more expensive compression.
Attention Pike Users:
It has come to our attention that the USDC pool on Pike Beta has been exploited by a hacker on 2024-04-26 00:13:59 (UTC). The total amount of USDC exploited is 299,127.
The root cause is led by forged CCTP message to drain USDC on Ethereum, Arbitrum andโฆ
I will forever deeply hate Gary Gensler and any politicians behind his propaganda to shut down the US crypto ecosystem and its innovations all just for their own reputations.
๐จ Announcing the NEXT-GEN Bridging Solution ๐จ
Introducing Blackhole. Connecting the Web of Web3+2.
The new bridge enables native zero-fee zero-MEV zero-finality KYC swaps and transfers between Ethereum and BlackRock chain.
Seed round at $500m, 95% subscribed.
#BlackMonday
Blockchain trilemma is a cope mechanism to justify not having mass adoption ๐คทโโ๏ธ
Who the fk cares about trilemma if no one uses for daily purposes? Is your blockchain for bag holders?
What really matters if barely anyone uses your echo-chambered network running on raspberry pi?