What are Layer3s and why are they needed in crypto?
We're not talking about a cryptoquest platform Layer3, but about rollups on top of rollups - the ones launched in recent months by every popular L2 from Arbitrum to StarkNet. 🧠 Key principles: If you understand how L2s work, it shouldn't be hard to visualize how L3s work. If you don't, let's remind you of the principle: L2 (Layer 2) are separate "layer 2" blockchains that offer cheaper and faster transactions than L1 by combining them off-chain and bundling them into Ethe...
What are Layer3s and why are they needed in crypto?
We're not talking about a cryptoquest platform Layer3, but about rollups on top of rollups - the ones launched in recent months by every popular L2 from Arbitrum to StarkNet. 🧠 Key principles: If you understand how L2s work, it shouldn't be hard to visualize how L3s work. If you don't, let's remind you of the principle: L2 (Layer 2) are separate "layer 2" blockchains that offer cheaper and faster transactions than L1 by combining them off-chain and bundling them into Ethe...
Is a crypto community real or fake? Manual for checking crypto accounts
How to know if a project has a vibrant community? Everyone talks about the importance of communities, but nobody understands how to evaluate them. Here is a good quantitative framework from crypto-twitter. Don't be fooled by the large number of followers. Many agencies and promoters offer to recruit fake or inactive subscribers to boost stats. In most cases, this is a sign of a bad project. So how can you tell if a community is genuine? 1. The ratio of subscribers to views: Here is the a...
Is a crypto community real or fake? Manual for checking crypto accounts
How to know if a project has a vibrant community? Everyone talks about the importance of communities, but nobody understands how to evaluate them. Here is a good quantitative framework from crypto-twitter. Don't be fooled by the large number of followers. Many agencies and promoters offer to recruit fake or inactive subscribers to boost stats. In most cases, this is a sign of a bad project. So how can you tell if a community is genuine? 1. The ratio of subscribers to views: Here is the a...
How to swim in the ocean of "-chains"
“Upchains”, “sidechains”, “omnichains”, “parachains”, “crosschains”, “multichains”, “hyperchains”, “superchains” - what other "-chains" did I forget? Here's a little guide for those lost in terminology 👇🏻 All "chains" are created to solve two major problems of blockchain: interoperability and scalability.Classic "blockchain trilemma"Interoperability: Fostering seamless, large-scale interaction among diverse blockchains. Scalability: Scaling up while preserving the essence of security a...
How to swim in the ocean of "-chains"
“Upchains”, “sidechains”, “omnichains”, “parachains”, “crosschains”, “multichains”, “hyperchains”, “superchains” - what other "-chains" did I forget? Here's a little guide for those lost in terminology 👇🏻 All "chains" are created to solve two major problems of blockchain: interoperability and scalability.Classic "blockchain trilemma"Interoperability: Fostering seamless, large-scale interaction among diverse blockchains. Scalability: Scaling up while preserving the essence of security a...
How not to become an altcoin bag holder
There is a simple observation from crypto-twitter that will help you not to get caught up in the haymakers - altcoins die when their capitalization reaches 10 million ETH (10% of supply) or 2 million BTC (also 10% of supply). Below are a number of examples and a few exceptions (which you might know). 1: LINK. 10MΞ reached in mid-2020, down only since then. 2: NEO. Down only after 10MΞ. 3: SOL. Exceeded the limit and reached ~17MΞ, but only down from there. 3: DASH. This one, on the other hand...
How not to become an altcoin bag holder
There is a simple observation from crypto-twitter that will help you not to get caught up in the haymakers - altcoins die when their capitalization reaches 10 million ETH (10% of supply) or 2 million BTC (also 10% of supply). Below are a number of examples and a few exceptions (which you might know). 1: LINK. 10MΞ reached in mid-2020, down only since then. 2: NEO. Down only after 10MΞ. 3: SOL. Exceeded the limit and reached ~17MΞ, but only down from there. 3: DASH. This one, on the other hand...
Sui: MOVEing the frontier of the L1 blockchains
In this post, I will cover the basics of the SUI blockchain and how it differs from other blockchains. SUI blockchain is a relatively new blockchain platform that was developed with the goal of providing a more efficient and scalable solution for decentralized applications. Unlike other blockchain platforms, SUI uses a unique consensus mechanism called Delegated Proof-of-Stake (DPoS) that is designed to be both secure and energy-efficient. The DPoS system means that within each epoch (a perio...
Sui: MOVEing the frontier of the L1 blockchains
In this post, I will cover the basics of the SUI blockchain and how it differs from other blockchains. SUI blockchain is a relatively new blockchain platform that was developed with the goal of providing a more efficient and scalable solution for decentralized applications. Unlike other blockchain platforms, SUI uses a unique consensus mechanism called Delegated Proof-of-Stake (DPoS) that is designed to be both secure and energy-efficient. The DPoS system means that within each epoch (a perio...
