Crypto OG Investor

"I'd rather be free and stateless than rich and controlled." P. Durov what a legend, thanks

Ethereum is about to fundamentally change how blocks are executed. With the upcoming Glamsterdam hardfork, it's shipping EIP-7928: Block-level Access Lists, a proposal that brings parallelization to the EVM. Here's a short explainer of what it is, how it works, and why it's a big deal for scaling. Let's start from the top. Alongside EIP-7732 (ePBS), EIP-7928 is the execution-layer (EL) headliner for Glamsterdam. Like ePBS, the main focus has been scaling Ethereum, though both proposals come with a bunch of other, equally important properties on the side e.g. removing trust requirements from the PBS pipeline or improving sync. EIP-7928 adds a Block Access List (BAL) to every Ethereum block. A BAL is a list of accounts and storage slots that the block touches, but that's not all: it also contains post-transaction state diffs (this part is critical!). Post-transaction state diffs tell you what the state looks like after each transaction. Quick example: user A swaps 1 ETH for DAI on DEX B. The BAL tells you that user A's ETH balance decreased by 1 ETH + tx fees and their nonce went up by 1; that DEX B's ETH balance went up by 1 ETH; and that inside the DAI contract, user A's DAI balance increased while DEX B's decreased. In other words, all of that info becomes statically available, something that previously required tracing the transaction. Client software (Geth, Nethermind, Besu, Erigon, Reth, Ethrex, Nimbus) can use this to do a few very powerful things: 1. Parallelize transaction execution. Knowing the post-state of each tx resolves the dependencies between them. No transaction has to wait on the previous one anymore, so execution can be perfectly parallelized. Instead of large parts of block validation sitting idle waiting on sequential execution, clients can finally make much better use of modern hardware. 2. Batch prefetch. One of the most cumbersome jobs for a node has been fetching the state needed for execution from disk. Because state locations (e.g. the exact storage slot in the DAI contract where user A's balance lives) are only discovered along the way, while executing, state-fetching has been a real drag on scaling: it blocks execution, takes time, and eventually slows everything down. With BALs, everything a node needs for execution is known upfront and can be loaded into cache in one go, in parallel. This speeds things up even further. 3. Parallelize post-state root calculation. Another expensive task is walking the updated state tree to compute the post-state root, which is needed so that everyone agrees on what's on disk after executing the block. With the post-tx state already in the BAL, nodes can do this in parallel while executing. A heavy task that used to wait until all transactions had finished can now run alongside prefetching and execution. 4. Snap sync (v2). An often overlooked, less sexy aspect of blockchains is syncing. Nodes need to catch up with the chain, and they need to catch up faster than the chain progresses. Today, most nodes do snap sync: downloading blocks, headers, and state in parallel while chasing the tip, and then "healing" the database once they're close to the head. Healing means asking peers for trie nodes, receiving them, validating them, and updating the local DB. It's iterative, networking-heavy, can take a while, and especially higher throughput pushes that phase to its limits. BALs help here too: with snap v2, nodes can catch up to the tip and skip the healing phase entirely. Syncing at higher throughput becomes more robust and reliable. So, to summarize, a BAL contains two things: -> The state locations the block accesses -> The state changes after each tx (incl. the new values) We're already seeing big performance gains today: on 6-core machines, EL clients validate blocks up to 5x faster, making block gas limits of 300M a very realistic outcome. ePBS will add to that by decoupling the block from the payload, giving validators 2-4x more time for execution. To not overshoot (security stays priority #1), the fork will likely ship with a 200M gas limit, but we shouldn't be stuck there for long before pushing to 300M and beyond. That's a 10x in scaling since we started taking the topic seriously, without touching hardware requirements. None of this would have happened without people going all-in, heads down, shipping: so many hours spent in calls debating the right design, so many iterations refining the specs, and tons of test cases written (and still being worked on). The road from whiteboard to production-ready code has been a journey, and we're not at the finish line yet, but from what I can tell, things look super bullish for Ethereum. Glamsterdam will be a fork that shows what's possible when a distributed, decentralized community works on a shared goal, laser-focused on providing enough block space to onboard the next wave of users.

ETH isn't really crypto. Crypto is the crazy side. ETH is money. Ethereum is the open, decentralized platform rewiring how society if business and society work. We should stop pricing ETH off macro charts and BTC mood swings. Let’s value ETH on what actually matters: velocity of adoption + diversity of innovative use cases. That's the whole thesis.

@K9finance what a joke.... professional scammers

K9 Sunset Notice Following DAO governance, the project is entering a formal sunset phase. Upon completion, all contractual relationships between the Foundation and the DAO will be null and void. This includes, but is not limited to, budgets, contractors, software, service providers, and any other operational agreements. The Foundation will discontinue all involvement. The DAO may operate independently, if at all. The Foundation may, at the DAO's discretion, transfer funds to the future efforts. Budgeting, cost reduction, and execution of the community-voted option are being prioritized during the sunset process. All knBONE users must withdraw their assets from Shibarium immediately. Assets remaining after sundown may be at risk of loss. KNINE holders are not required to take any action. A snapshot of KNINE holdings on Shibarium will be taken. Any claims related to the Shibarium Hack may be directed to shib.io through the “Shib Owes You” process. Continued interaction with K9 or DAO channels constitutes acknowledgment of this Sunset Notice and its legal terms. Full notice below.

An outrageous $7.7 billion worth of $ETH is currently waiting to be staked on the network. At time of writing, some 3,631,455 $ETH is queuing to be staked on @Ethereum, worth a little under $7.7 billion based on current prices. More impressive, however, is the fact that just 4,128 $ETH is waiting to be unstaked... ... a difference of nearly 880x.

@TedPillows degenerates

Ethereum is the best chain for institutions. Solana is the best chain for ....

ETF approvals: ETH $1k -> $4k Bitmine + Pectra: ETH $1.5k -> $5k Clarity + Glamsterdam: ETH $2k -> ...

The reason most people never build wealth is not a lack of opportunity. It's a lack of margin. They spend everything they earn. They borrow to cover the gaps. They have no runway for risk. No cushion for opportunity. Wealth is built from margin, the space between what you earn and what you need. Protect the margin first. Everything else follows.

Today is Jerome Powell's last day as Chairman of the United States 🇺🇸 Fed. An 8 year run. A pandemic. The highest inflation in 40 years. Constant political pressure from the White House. Powell defended Fed independence until the very last day. Kevin Warsh inherits the chair tomorrow. The game changes now.

$ETH 3-tap formed and decent reaction here ETH/BTC is unfortunately still weak but the USD chart is quite clean Structure break above 2320 with a close above EMA and this likely goes back to 2400s soon

Grayscale welcomes the Senate Banking Committee’s advancement of the Clarity Act, an important milestone in the effort to modernize the regulatory framework for digital assets. For investors and market participants, clear market structure rules can help reduce uncertainty, improve accountability, and support more durable participation in the asset class. Congratulations to all the Senators and staffers who have worked tirelessly to get to this critical milestone. We appreciate the bipartisan work that helped bring the legislation to this point and look forward to continued progress toward a framework that gives digital assets a stronger foundation in U.S. markets.

@LarkDavis it taught not to buy them again and cure my gambling addiction

@LarkDavis buying rugs DUH

What's the most expensive financial mistake you've ever made and what did it teach you?

why is everyone seems to be using the word "bidding" all of a sudden LOL

B U Y T H E F U D $kta

@bugsjr I calmly bought the dip $KTA

The coordinated FUD against Keeta Network on X is insane. Honest criticism is one thing. Coordinated attacks 24/7 are another. Real question: who’s funding it? Nobody wastes this much energy for free. Maybe some competing blockchains are starting to feel threatened 👀 $KTA

@omiros21 poverty is the issue and lack of abundance ... ofc wrong mindset too

Δεν είναι ντροπή να δουλεύεις στο σούπερ μάρκετ! Δεν είναι ντροπή να εργάζεσαι σε φούρνο ή στη Λαϊκή Αγορά! Σταματήστε πια να εγκλωβίζετε τα ελληνόπουλά μας στο αδιέξοδο του "Γιατρός - δικηγόρος ή επιστήμονας"! Αφήστε τα παιδιά να επιλέξουν τον δρόμο τους! Δυο 17χρονες #Ηλιούπολη

@Podowskijones @TheShadowIntelX pretty much lol

@TheShadowIntelX Sounds like Neo from the matrix movie

One of John McAfee's last messages to the people: "Some of you may be living an existence of dissatisfaction... of emptiness... of longing." "This sense of longing... is really your loss of freedom. And it is freedom for which you yearn." "And you have none in this government. A government... which started out with the people being free and the government being our servants. It has become the government is free... and it's the people that are the servants." "You have woken up to your reality. That is what you are feeling." "Wake up a bit more and do something about it."

@DasDaTruth @TheShadowIntelX @TrainWreck1766 are they online? where can I find more of them?

@TheShadowIntelX @TrainWreck1766 I was following his videos while he was on the run...it was like some cold war thriller, it was crazy.