Thank you very much to all investors who have wanted to believe in our visionary project.

This table shows the current amount of the Ckronos redeemed:

Now a new challenge of Public Sale is waiting for us. We hope that our potential investors realize that the Kronos Dao Project will surely become a reference platform. We have in mind winning projects for the future.

We ask you to support us and continue to give us your trust.

Helped to grow the community, talk to your friends. In the next days we plan to start our marketing program through the main channels and platforms in the Crypto world.

Stay with us.

In the coming days we will explain step by step in which direction we are going and what results we are obtaining.

Meanwhile, we give you an appointment at the next Public Sale.

The Kronos DAO Team

Layer 2 solutions are improvements or additions made on top of the base layer that improve throughput and scalability. This can be done in several ways, but the primary methods are side chains and rollups, both of which aim to move transactions off chain to be later validated on the main.

Fundamentally, we must acknowledge that layer 2 solutions are implemented to mitigate the undesired consequences of increasing the state size. That is to say, we’re seeking alternative ways to increase on-chain transactions per second (TPS) without also increasing the computation and storage needs of miners — as doing so could lead to centralization.

If that didn’t make sense, I’d recommend reading my article on blocksize before proceeding.

Rather than talk about the various ways we can implement rollups or the differences between optimistic and zero-knowledge rollups, let’s talk about solutions on layer 1. That’s not to imply layer 2 solutions aren’t super beneficial — they are needed longterm and more importantly, desperately needed in the short term. However, further decentralizing the base layer of Ethereum will ultimately increase the effectiveness of layer 2 solutions and pave the way to move beyond the Scalability Trilemma.

Broadly speaking, there are two sustainable and complimentary pathways to increasing the blocksize on layer 1:

The transition to PoS will begin after the Merge and will complete after the Ice Age is implemented on the Eth1 chain.

Relative to mining, staking requires minuscule computational effort, and increasing the blocksize significantly in a PoS ecosystem will have much less impact on centralization than doing so in a PoW ecosystem. With the massive amount of Eth already locked into staking, only a pessimist could think PoS will be anything but a huge success. It will allow significantly larger blocks and will decrease some of the dangers brought by a large state size.

I say some because storage requirements will not meaningfully change under Proof of Stake, but Sharding could solve this.

See this state size chart.

Sharding is a type of partitioning where keys aren’t confined to a master table, but are instead split horizontally into multiple tables. In a 64x shard model, each shard would be independent of the other, and write changes would not need to anticipate readability from the other 63 shards.

To understand this we must recognize what it means to split a database horizontally.

Say you have a database with 64,000,000 clients (rows), each of which you categorize with N number of parameters (columns). And you have economic concerns with scaling your hardware to meet the demands of this client database because you understand hardware provides diminishing returns in computation.

Rather, you choose to split these 64 million keys into 64 separate shards on 64 different instances, with each shard still responsible for N parameters. This greatly decreases your hardware requirements per instance but increases your database architecture needs because you now need a reliable way of differentiating between these 64 shards, as well as a way to identify which clients belong in which shards.

This means the first million would go to group A, the second million in group B, and so on. This requires a routing layer or routing logic between the application and the database.

In the case of Ethereum, Group A might be all addresses starting with 0x00, and Group B might be addresses starting with 0x01. See the diagram below.

Sharding on Ethereum instantly begs the question:

“How is the chain secure if no single node is processing every transaction?”

Similar to batching transactions into a block, multiple blocks across different shards will come together to form a cryptographically tied coalition. All of the shards would be connected together in the form of a hash tree, also known as a Merkle Tree, which would ultimately make consensus possible across multiple shards.

From Wikipedia:

A Merkle tree is a binary tree where every leaf node is labelled with the cryptographic hash of a data block, and every non-leaf node is labelled with the cryptographic hash of the labels of its child nodes.

This image shows the hash link connections, and how the roots of the tree are ultimately committed to the coalition.

Perhaps sharding’s greatest concern will be preventing bad actors from succeeding in a single-shard takeover attack — an attack where a single malicious block is sent to the coalition.

Importantly, the sharding model on Ethereum would prevent nodes from predicting which shard they’ll be participating on and would ensure nodes don’t consistently remain on the same shard. This will help prevent coordinated stakeholders from coming together to submit invalid transactions. It’s worth noting that this is not possible on a Proof of Work blockchain, as a miner can’t be prevented from sending hash power to the shard of their choice.

Moreover, Ethereum sharding will employ data availability sampling, wherein every node randomly downloads samples from every shard block to verify their authenticity as they’re batched into coalitions.

I’m a verified Brave Rewards Creator and am able to receive BAT on this url.

I am loving the returns so far, but I have to admit that volatility is an issue, as is with most cryptocurrencies.

And the past couple of weeks has shown how bad this can be if we go into a bear market, aka, the price of coins drops significantly over weeks if not months.

This is a snipe shoot of the top 10 cryptocurrencies to illustrate what’s happening with cryptos right now.

As you can see, it’s not pretty!

So it’s a bad time to get in right?!?! Wrong!This is far from financial advice, just your daily dose of crypto, what goes down, most times goes up.It’s not the first bearish market and it won’t be the last.

When all is said and done, I made multiple investments along this green time line:

And even with a 50% or more loss in token price from when I invested to where it is now, I still retained 100% of the value, that’s crazy.And you will most likely call me a liar, how is that mathematically possible?

Well, I am still trying to do the math to find a reason, but it is most certainly due to the great APR rebase returns the platform gives, I don’t have the token lying around with no research done.

That would be gambling, and we are investing, we do research, and ultimately, we want our tokens to grow, so that reflects on the total treasure, EVEN IN A BEAR MARKET!

So overall I think it’s a really rough time for any or most cryptos, but they will bounce back, some will crash and never see the light of bulls again, so do your own research, this is my on time wonderland.

Appreciate the reading time from you, have a bullish day!

The main reason why I think I shouldn’t invest in crypto is because I don’t think it’s going to stay for long. And many of you might say, “I disagree, crypto has many uses”, you have to consider the fact the crypto only came out in 2009 and it has no backing. And by “backing”, I mean that there is no entity that is responsible for it. Let’s say that you were scammed on a pair of shoes and you had paid with crypto. You can never get your money back. It’s irreversible. If you accidentally paid someone $50,000 instead of $500 by clicking two extra zeroes while Coinbase was lagging, all you can do is giving a floating kiss to that $49,500 and start working an extra 10 hours every week on your day job. But let’s say you did this with credit card or bank account. If you had accidentally sent $50,000 instead of $500, well, you can file a lawsuit in court. Then you could get your $49,500 back and you don’t have to worry about working 10 extra hours every week from now onward(I would still get in the extra hours. It gives you a financial advantage over your peers.) And even with those tax advantages, would you really rather use Ethereum over a debit card? And yes, the argument from the other side will be, “Many businesses will accept it as a payment method very soon!”. However, I don’t think so. You can’t just create a new payment method by snapping your fingers and saying to the sky, “O great one! Make Ethereum a payment method! I will commit no more sins in my life if you do this one favor for me!” That won’t work. And yes, even though I think NFTs, being a derivative of crypto, have somewhat a value attached to them, I strictly despise the actual currencies themselves for their nature is to create a parallel currency in which shady people and criminals can transact money without being caught.

And I know that not having to pay taxes might be an incredibly juicy prospect at first sight, but very soon, if crypto were to be accepted as a national currency, especially in the U.S, it will be regulated. Hence, that cuts off that little corner where you can hide your money.

Also, cryptocurrency’s as volatile as ever. With the “world-class” cryptocurrencies like Bitcoin and Ethereum on their knees down more than 40% from their highs, you’ve got to question the sanity of those retirees who had iron balls strong enough to put so much money into it.

And I don’t know if any of you have been checking the news, but there have been multiple people that are getting scammed with cryptocurrency. That’s not even the worst part of it. We have over $1.8T worldwide invested in cryptocurrency! It’s sheer lunacy how people are throwing in money like this. And if your brain is too large to take $1.8T into account, let me paint a more clear picture: If there is $1.8T worth of cryptocurrency in circulation, that amounts to approximately $250 invested by every single person in the world. What are people these days? Crazy? I think so, but I’m also invested in cryptocurrency, but it’s only because of the FOMO(Fear of Missing Out). I never believed in crypto, even from the day I first heard about it.

So why am I invested in cryptocurrency?

So now that I’m done with my little rant over there, I want to explain why I’m still invested in cryptocurrency, regardless of all the drawbacks mentioned above. There’s only one reason:

I’m still making money.

And when I say that “I’m still making money”, I’m not talking about a six-figure income. I’m talking about passive income up to $5 a day on a $1,000 investment. And even though that may not seem like much to the average person, I’m using very safe methods to make that passive income. These include mining and staking which are my favorite forms of income with crypto. You don’t get such high interest rates anywhere else and this is evn on currencies like USD Tether, which will always be pegged to the U.S Dollar, meaning that it’s value will always be $1.00 for each USDT. I refuse to invest in currencies like Bitcoin and Ethereum, but passive income with something like USDT is just way too juicy to let hold of and as much of a crypto skeptic I am, this is a great way to make money.

I hope that after reading this article, you have understood why as much as I hate cryptocurrencies in general, there are ways to make money with cryptocurrency that are lucrative and safe.

If you liked this article, give me thumbs-up in the comments and a clap for support!

If you’re new to my Medium page, don’t forget to click that “Follow” button!

Thanks,

Jack Marque

I started out by listening to this pod episode with Chris Dixon and then listened to Tim Ferriss’ episode with Balaji. That episode specifically, blew my mind away and I became determined that Web3 is going to be a huge part of the future.

Being in ClimateTech I kept asking myself the question of how Crypto and ClimateTech might intersect. To me this is a big question, especially because on the surface Crypto Energy consumption seems directly opposed to the goal of the ClimateTech sector, to reduce carbon emissions.

However, tied closely with the ClimateTech space is the ESG industry. The ESG space is all about transparency and doing the right thing. This bleeds over into ClimateTech naturally because reversing climate change is only possible when we all work together and show that we are truly making an impact and not greenwashing.

To me, this goal of transparency from the ESG/ClimateTech space lined up really well with the Blockchain ideas of transparency and sovereignty. In particular, the way that Blockchain is focused on putting power into the hands of individuals, the same way ClimateTech and ESG seek to create a more equitable world and workplace for everyone. This includes those often exploited by big corporations or governments at the early phases of the supply chain.

While I’m not an expert on Crypto/Blockchain by any means, here are a couple of things I’m thinking might happen.

I may have used the wrong technical terms here in a few instances since I’m still learning and am by no means a technical person when it comes to the Blockchain but these are the things I’ve been thinking about.

I’d be curious to hear what your thoughts are about the possible intersection of ClimateTech and Crypto. If anyone has resources to share please link them in your reply.

Overall, I’m really excited for the future of both of these technologies as I believe that they will do incredible things for humanity at scale.

If you’re interested, I’m now writing on Substack as well, mostly behind a paywall where I am going to be writing weekly posts about what I’ve learned / what has happened / principles I’m thinking about in that week. I’m putting it behind a paywall so I can just write and be real without worrying too much about having everything perfect because I don’t have an editor or time to be super picky. You can check my substack out here.

My this Intro to ESG| Follow My Writing | Support the Dream | Join Medium | CleanTechies the Newsletter | CleanTechies the Slack channel | The Podcast on Apple Podcasts / Spotify / wherever you get your podcasts |Connect On LinkedIn | Tweet Me

Here’s to inspiring ourselves and others to do work we love.