@robster

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@robster

@robster

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Gewoon normaal doen

Katılım Aralık 2021
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@robster retweetledi
@robster retweetledi
M×DOGE
M×DOGE@_mxdoge·
Introducing Nova Canine : The Next Big Thing in @MultiversX NFTs! 🚀 Prepare to be dazzled! We are beyond thrilled to unveil our latest and most electrifying NFT collection yet: Nova Canine! Why Nova Canine? @PulsarTransfer send 200000 Mex to 200 reactions Nova⭐️ Like a star bursting into new brilliance, Nova Canine represents a monumental leap in our journey, injecting a burst of stellar energy into our beloved community. Canine🐾 Our iconic dog character continues to be the heart and soul of this collection, embodying the playful, loyal, and adventurous spirit that defines MXDOGE. What Makes Nova Canine Unmissable? ✨ Stunning Visuals: Immerse yourself in a visual feast! Each NFT in Nova Canine is a masterpiece, showcasing our dog in breathtaking, neon-lit, futuristic styles that are sure to turn heads and light up your collection ✨ Innovative Themes: From cosmic voyages to radiant, otherworldly aesthetics, these NFTs are designed to ignite your imagination and set our collection apart ✨ Community Spirit: Nova Canine marks a bold new chapter, yet we remain true to our roots. We’re doubling down on the fun, memes, and games that have always brought us together. This collection is a celebration of our evolution and a nod to our playful essence Exclusive Mint Details: Mint Starts 🗓️ 23rd June - Mark your calendars! First Batch 💎 200 NFTs at 1 EGLD each - Don’t miss out! Second Batch 💎 (after First is sold out): 100 NFTs for MXDOGEVerse owners at only 0.2 EGLD each - A special thank you to our loyal supporters! Third Batch 💎 200 NFTs available with MXDOGE tokens equivalent to 0.8 EGLD - Pay in MXDOGE and enjoy the benefits! Final Batch 💎 500 NFTs at 1 EGLD each - The grand finale! Special Rewards and Benefits: Top Art Quality 🎨 The top 10-20 community members will receive a Nova Canine NFT printed on a canvas and sent as a gift by the end of the year! Tiered Staking for MXDOGE 💰 0-100 staked: Earn 1000 MXDOGE per day/NFT 100-200 staked: Earn 800 MXDOGE per day/NFT 200-300 staked: Earn 600 MXDOGE per day/NFT More tiers TBD Be among the first and you'll win big! Special Traits Perks 🎁 Weekly airdrops in various tokens Monthly Raffle for a chance to win EGLD Blockchain Bazaar Discounts ‼️ : Each NFT (up to a limit of 15%) will provide a 0.5-1% discount on any purchase. Combined with MXDOGE payment discounts, staking MXDOGE and Nova Canine will reward you with significant savings! This is more than just an NFT drop- it's an artsy, cryptonomic event! Join us as we light up the globe with Nova Canine. Shine bright, stand out, and be a part of the future of MXDOGE! SEND IT! 🚀
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Project X 🧬
Project X 🧬@ProjectX_DAO·
One of our most anticipated DAO proposals is now live! 📢 Subject X mining boost We encourage you to take your time to thoroughly review it and help us determine the best path forward for $DNA mining. ⤵️
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CryptogemsX 🇵🇹
CryptogemsX 🇵🇹@bestcryptotoken·
Good morning legends @NakaVentures ecosystem keeps growing regardless market sentiment Every single day we have new announcement’s, it’s incredible: $NAKA announced the launch of #LuckyWheel, you can now spin and earn They also completed the smart contract for the reward feature, you understand what that means right? STAKING is coming boys 📈 @UpOnlyOfficial $UPO TrackMate is getting ready for its debut The product is fully prepared, might be announced during the upcoming days $NAKA has only 80M market cap $UPO has only 14M market cap Are you not bullish enough? ↓
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Robert Sasu | dev/acc
Robert Sasu | dev/acc@SasuRobert·
There is no reason to not go sharding. The MultiversX sharded chain is as secure as a single state chain, but it is infinitely more scalable. MultiversX is as composable as any other single state chain, much composable than most because of native assets, backTransfers and gathering of returnData. All the web and most of the software industries use partitioning, and there is no reason to not do the same in blockchain. Every big game, even metaverses, MMORPGs or the simpler shooter games use partitioning. Even for graphics. Self driving cars use partitioning. E-commerce sites use partitioning, look at how machines are deployed and processing split up as the usage grows. You will not see these companies to build in one single machine. Look at how AWS scales. All the more for #blockchain to scale horizontally as well. In case of blockchains, it would be somewhat mandatory to be able to run and verify the state at home, in your own garage or basement. And contrary to what everyone is saying, it is possible. There are a lot of attacks and psyop agains sharding, but this is quite different from 2018-2020. Sharding is live on mainnet, with all the complex operations, all the complex #DEFI, web3 games, NFT marketplaces. And every single one of them is composing actions, interoperate with others, SEAMLESSLY. Users can interact without bridges, across the shards, seamlessly. No issues and users have tons of benefits because of composable actions, relayed transacitons, batch operations, multiTransfers. Horizontal scaling is about deploying more nodes when you need more to process. Over 99% of the applications are not interacting with the same state, so they can be partitioned. Tokens are not applications, tokens are native on #MultiversX, every type of them, and those seamlessly go from shard to shard. Smart contracts can seamlessly call other contracts from shard to shard and users can seamlessly interact with any contract in any shard without any bridging. I stated multiple times, #Solana made the case for scaling, respect for that. But there is absolutely 0 reason to attack sharding. It is unprofessional and we can just debunk every single statement.
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toly 🇺🇸
toly 🇺🇸@toly·
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João Mendonça@joaomendoncaaaa

Solana is not built for today... 💭 It's interesting to see how the whole IoT industry is moving from highly partitioned systems with scattered layers of isolation, abstraction, distribution and complexity back to monoliths. 20 years ago, SQLite was created for a very niche application -- simply put, a database as easy to use as a file -- designed as general-purpose, zero-configuration database that could be stored or embedded in any device, be it a web browser, a car, or even a fridge. An ACID compliant database that could be ported anywhere! Well... It was... 20 years forward and it's like a virus spread across tech. Used to store your telegram messages, your favorite list of movies on your smart tv, your wall thermostat settings that you can control through your phone, your iphone spotlight searches, the video roll your home security cameras store, your health and activity levels on the WHOOP you have on your wrist... and the list goes on and on... There's a myriad of .db files spread across all the devices you use on a daily basis. You'd be surprised if you searched for *.db on your machines. It was never meant to be used as a database for enterprise grade software and services. It surely is more performant, consistent, and durable than files but it could never handle the throughput, bandwidth nor dataset size that reasonably sized services' userbases required even at the time. In that case, we've always used bigger and more complex databases. We've spent the last 30 years making things like parallelizing writes, sharding state, balancing hotspots through partitions, and the list also goes on and on... To the point where making a CRUD operation on a database is so complex that there are employees at companies working directly with those systems who have no idea how they work at all! Companies need to develop in-house tooling to be able to deal with their own complexity -- but that's for another João's talk. Point is... suddenly, we're starting to see a huge rise of enterprise grade startups choosing SQLite databases for their applications! 😄 It's incredible... 10-20 years ago it was unthinkable to even imagine doing such a thing but, with time coupled with a lot of human energy and cooperation, we now have: - ssds with 100 terabytes and 14gbps of write/read speeds - cpus with 96 cores (literal cores! wtf!) with 2.4ghz of clock speeds and huge cache stores - gpus with more than 15000 CORES... 15000 CORES... did you read that right? I can't even believe in what I'm writing. Anywho, you get the point. We're putting TRILLIONS of transistors on 4cm² pieces of silicon... WTF! Where 20 years ago enterprise systems could never run on a single machine, now they can. Now enterprises can store and manage their users' requirements on a SQLite database! Why wouldn't they? It's not about a cult, it's not about a religion. It's about cost. It's about worth. It's about time. If it makes sense to use an SQLite database for a service, you can bet the market will choose that path regardless of how ridiculous you think it is. All that to circle back to Solana. I feel like we'll have the exact same effect in a couple years if there's any future in "web3". Even if Solana wasn't the highest demanded system in the industry today (like SQLite 20 years ago wasn't), I feel like Moore's and Nielsen's would make for a "sqlite moment" like we're going through today but with Solana. In a medium to distant future, it won't be the complexity, quality or the perceived capacity of your engineering that counts. It will be the cost. The cost is not just the upfront price (though that's the biggest part); it also encompasses a myriad of factors like effort/maintenance, LoE for migrations, friction of usage, and the list also goes on and on... There's a possibility that in 5 years all sharded systems will have their shortcomings fixed! (like latency) -- but in the end -- due to physics and human evolution, Solana will fundamentally be the cheapest of the bunch forever. So which option will the world choose in the end?

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Adrian
Adrian@adrianS___·
Hey there #blockchain enthusiasts! Are you researching day by day, keeping up to date with the industry, and feel you need a nudge to start contributing? Look no further. Ever heard of xAlliance? #xAlliance #MultiversX
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Evoload 🚚
Evoload 🚚@evoload·
1/13 🧵 Evoload aims to revolutionize the freight exchange and logistics industry by implementing blockchain technology and using its native token, $EVLD, to enhance the platform's functionality. 🚛💡 Here's how:
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naiive
naiive@naiivememe·
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Adrian Tiberiu
Adrian Tiberiu@AdrianLoghinT·
Yesterday, #MultiversX reached a record high with over 400,000 active users.
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SRB LABS 🧪🐻
SRB LABS 🧪🐻@SuperRare_Bears·
It's just 35 days until the $RARE halving, which will cut all emissions in half. @PulsarTransfer send 111111 HYPE to 100 reactions On the 17th July we will usher in 2 years of $RARE on #MultiversX as well 🥳 RARELICIOUS Campaign time. Do you want to get involved? Simply change your @X profile pic to include the Make $RARE Tasty AGAIN frame, found in drive below. The design allows you to still show your original pic. drive.google.com/drive/folders/… Tweet this out, so we know who to include "I changed my profile pic to support @SuperRare_Bears Let's make $RARE tasty again! $EGLD #RARELICIOUSpic " After 1 week, we will be picking 3 random winners 10k $RARE 5k $RARE 3k $RARE Who knows, if successful we might expand this campaign too! RARELICIOUS, making $RARE tasty again!
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Reflexivity Research
Reflexivity Research@reflexivityres·
.@MultiversX Q2 2024 Update: After the cryptocurrency bull cycle of 2021, the crypto space has experienced a notable shift in the discussions around scalability and blockchain architecture. As opposed to the early “first generation” design ideas around a single monolithic blockchain, the community has since (mostly) pivoted to various “modular” solutions, including architectural designs such as Subnets, Parachains, or Zones. Historically, blockchains operated on a monolithic architecture, which integrates all functions on a single chain. This approach, however, has shown limitations in flexibility and scalability (Bitcoin and early Ethereum being prime examples), struggling particularly as the network scales to accommodate millions of users. Scalability in blockchain refers to the network's ability to increase the amount of work and transaction volume it can handle without compromising on the protocol’s decentralization, permissionlessness, or other aspects. The latest proposed design is to “modularize” the previously fully integrated components of the blockchain stack, creating separate chains or layers that allow for optionality and specialization. This challenge resembles traditional IT systems, where increasing demands are managed by distributing tasks across multiple machines. In blockchain, however, the solutions diverge into two main strategies: horizontal scaling (sharding) and vertical scaling (layers and modularization). Sharding distributes (or splits up) execution across multiple nodes/shards in which shards complete their portion of the work simultaneously. Scaling via layers and/or modularization does not “split up” the execution work but rather outsources specific components of the entire process (execution, consensus, data availability, settlement) to more specialized chains. Modular Design Modular blockchains (Cosmos, Polkadot, Ethereum+rollups) adopt a divide-and-conquer strategy, where key functions such as execution, consensus, settlement, and data availability are separated: - Execution Layer: Handles transaction processing and state changes. - Settlement Layer: Ensures transaction execution and manages disputes. - Consensus Layer: Maintains transaction order and finality. - Data Availability Layer: Provides essential data for state transition validation. This separation allows legacy blockchains, like Ethereum, to achieve higher throughput and scalability while maintaining robust security and censorship resistance. However, with inherently scalable L1s like MultiversX, the “modularization” of the chain is less about scalability and more about providing optionality and autonomy to new protocols and Sovereign Chains. Modular blockchains provide significant benefits, particularly in flexibility and efficiency. They allow for high transaction throughput, which is crucial for applications demanding rapid processing, such as high-frequency trading, gaming, and social networks. Additionally, the modular structure enables developers to build scalable decentralized applications (dapps) without the constraints typically found in monolithic chains. The modular approach, however, introduces complexities in interoperability, composability, liquidity accessibility, and arguably a worse UX. Fragmentation of state and liquidity across various layers can complicate data retrieval and asset exchange, posing significant hurdles for decentralized finance (DeFi) applications that rely on seamless interaction and liquidity. Monolithic Design Monolithic blockchains (Solana, Aptos, Sui) offer a unified solution where all operations occur on a single chain. This approach simplifies the design but often leads to congestion and competition for block space, as all transactions and operations vie for the same resources. Despite these theoretical challenges and numerous real-world examples of congestion issues, some blockchains, such as Solana, continue to advocate for monolithic designs, emphasizing potential advancements in hardware and software to overcome scalability limitations. Monolithic chains offer simplicity and autonomy in operation, allowing for the development of custom logic and smart contracts without concern for inter-layer transactions or competing chains. This can, like in the case of the Solana blockchain, lead to a more streamlined, though potentially less flexible, solution. The limitation of most current monolithic designs lies in their scalability. As demand increases, the limited block space becomes a bottleneck, leading to higher transaction costs and potential processing delays. However, MultiversX’s adaptive sharding base layer and Sovereign Chain design greatly minimize this drawback. MultiversX’s Modular Solution: Sovereign Chains MultiversX, already known for pushing the boundaries of blockchain scaling with its dynamic sharding design, is now looking to introduce its own modular scaling solution known as Sovereign Chains (Sovereign Chain). Sovereign Chains share many similarities with the app-chain model scene in other blockchains, such as Cosmos, Polkadot, Avalanche, and more. Despite the broad capabilities of general-purpose blockchains like MultiversX, certain applications demand more specialized solutions. App-specific blockchains address this need by providing dedicated block space and computational resources to individual applications, thus optimizing transaction speed, reducing latency, and lowering fees. This specialization is particularly beneficial for applications requiring high throughput or complex operations, such as gaming, high-frequency trading, and Sovereign Chainial media platforms. Additionally, thanks to the customization and flexibility of Sovereign Chains, new specialized Sovereign Chains can opt to pay gas fees in their own tokens or make certain operations free. Advantages of App-Specific Blockchains I) Enhanced Performance: By allocating all resources to a single application, app-specific blockchains can achieve higher transaction processing capabilities and reduced latency. II) Customization and Sovereignty: These blockchains allow developers to tailor aspects like the security model, fee structure, and governance mechanisms to suit specific needs. This level of customization supports innovative incentive schemes and unique user experiences, fostering user retention and creating competitive advantages. III) Institutional Adoption: For institutions looking to leverage blockchain technology, app-specific blockchains offer the opportunity to operate under tailored specifications and potentially in a private manner. With the future launch of Sovereign Chains, MultiversX will be an industry leader in L1 scalability. Together with Sovereign Chains, this design facilitates the processing of tens of thousands of transactions per second, making it an attractive platform for developers to deploy decentralized applications (dApps) using smart contracts. Unlocking New Highly-customizable Chains Sovereign Chains on the MultiversX platform represent a transformative approach to blockchain customization and scalability. These Sovereign Chains act as fully independent chains equipped with a comprehensive suite of features that mirror those of the MultiversX main chain, including smart contract processing, ESDT transfers, delegation, staking, and governance. Developers have significant latitude when configuring Sovereign Chains. Features can be selectively activated or deactivated, and new functionalities can be integrated at the protocol level, adapting the chain to specific application needs or developer preferences. This level of customization extends to the consensus mechanisms, where developers can opt between several models such as Proof of Authority, Proof of Stake, or any other. The configuration of validators is also flexible, allowing developers to set minimum and maximum numbers and establish specific criteria, such as staking different tokens. The economic model of the shard, including the fee model and gas token, is equally configurable, providing options to eliminate transaction fees under certain conditions, such as in private chain setups or for specific user groups. This is facilitated by defining the gas token as an ESDT. Virtual Machine Integration and Execution Within the MultiversX architecture, developers can create and integrate multiple virtual machines (VMs). This includes connections to the WasmVM and SystemVM, ensuring seamless interactions and built-in composability across different computing environments. Developers can also build new VMs according to their specific requirements, including options like EVM, Move, or other specialized VMs. High-Level Features of Sovereign Chains - High Performance: Sovereign Chains are capable of processing over 4,000 swaps per second, tailored for DeFi and gaming applications. - Consensus Efficiency: The new consensus model allows for 90-95% of the consensus time to be dedicated to processing, supported by fewer, high-performance nodes. - Specialized Execution: Utilization of WASM WARM instances enables the retention of all contracts as instances, which execute at nearly machine-level speed, enhancing the performance. - Privacy and Accessibility Options: Sovereign Chains can be configured as either private or public, accommodating specific privacy requirements and access controls. - Configurable Virtual Machines: The default SystemVM and the WasmVM can be run in parallel with other VMs. Sovereign Chains and Composability with the Mainchain Sovereign Chains will serve as autonomous entities that process and validate transactions within their respective environments. The ultimate aim of Sovereign Chains is to empower developers with an SDK to create efficient, custom chains that are fully integrated into the broader MultiversX ecosystem or even other L1 chains. With decentralization at its core, MultiversX currently operates with ~3,200 validators, ensuring a robust, public, and open blockchain network. This integration promises a unified user experience across all dApps, akin to operating within a single blockchain environment. Features like relayed transactions and paymaster smart contracts simplify interactions, enhancing usability and composability across the network. By default, Sovereign Chains inherit the SPoS protocol from their parent blockchain (but can also choose to run another VM), maintaining the same consensus mechanisms, validator rating systems, and staking/delegation contracts. This approach ensures that the basic services a PoS network must provide—block production and blockchain maintenance—are robust and trustworthy. User interactions, such as transaction requests, are validated through consensus rules, ensuring a reliable network response, typically the inclusion of the transaction in a block validated by a supermajority of operators. Sovereign Chains operate on three fundamental trust assumptions: - Economic Trust: This form of trust derives from stakeholders who have a financial interest in the network, ensuring their motivation aligns with the overall network health. - Decentralized Trust: Achieved through a network operated by independent, geographically dispersed validators, enhancing the integrity and resilience of the network. - Inclusion Trust: Trust in validators to fairly and accurately process and include transactions as agreed, based on the consensus protocols they utilize. These trust paradigms are crucial as they provide assurances backed by financial risks, making it economically irrational for validators to act maliciously. Validators in Sovereign Chains have the critical role of maintaining the connection to the main MultiversX chain through various processes, including cross-chain processing, settlements, and ensuring data availability. These validators utilize EGLD, the native token of MultiversX, as gas to post data and execute transactions on the mainchain. Every two minutes, the Sovereign Chain is required to post the block header to the mainchain for settlement. Regarding data availability, the Sovereign Chain periodically posts compressed state changes from the last data availability push to the current one. The correctness of these state changes can be verified by using the previous root hash, applying the state changes, and validating that the resulting root hash matches the one posted from the header. Initially, it is estimated that posting one header at 2-minute intervals would cost approximately 2 EGLD per day. Launching A Sovereign Chain The base token of MultiversX is EGLD, which plays a crucial role in the network's economic activities. Additionally, central to its functionality is the ESDT token standard, which simplifies and economizes token transfers, thereby contributing to the system's scalability. However, it is important to note that anyone can launch a Sovereign Chain, leveraging EGLD and their own native token, to secure the new chain utilizing a novel restaking (or dual staking) mechanism discussed in greater detail in future sections. While anyone can launch their own Sovereign Chain using the SDK, certain financial commitments are required for a Sovereign Chain to qualify for the shared security from the mainchain. Sovereign Chain within the MultiversX ecosystem. Initially, a minimum of 1,000 staked EGLD must be locked specifically for the Sovereign Chain. This amount is the baseline for launching, but it is often beneficial to secure significantly more than this minimum, which can be achieved through community sponsorship or crowdfunding. Additionally, each validator node on the Sovereign Chain must lock 100 staked EGLD, with a minimum requirement of 20 nodes participating. Validators have the option to stake for themselves, automatically allocating their stake to their own node, or they can become "sponsors" by facilitating the staking process for others. Beyond just validators staking, depending on how the Sovereign Chain is designed, users have the ability to participate by locking staked EGLD to specific nodes. There is also a cap on the maximum amount of staked EGLD, though this, along with other parameters, can be adjusted via governance votes. These votes utilize data from the Sovereign Chain Staking Contract and respond to changing market conditions and specific needs of the Sovereign Chains. Importantly, validators on a Sovereign Chain are not required to be validators on the mainnet, highlighting the independence of Sovereign Chains' growth. While these figures represent the minimum thresholds, individual Sovereign Chains may opt to increase these limits to suit their specific configurations, although decreases below the minimum are not permitted. The Economics of Sovereign Chain and Comparisons to Other App-chain Designs Starting a new PoS network involves significant challenges, notably in token distribution and economic stability. New tokens typically face high volatility and may be difficult to obtain due to limited exchange listings. Additionally, the security of these networks is closely tied to the value of their native tokens. Because of this, entirely new sectors of the crypto space have been created recently to address this very problem, with EigenLayer and restaking being the most recent example. However, other L1 protocols like Cosmos, Polkadot, and Avalanche also share some similarities. Cosmos is designed around the concept of application-specific blockchains that operate independently yet can interact through the Inter-Blockchain Communication (IBC) protocol. Projects within the Cosmos ecosystem launch their distinct chains, each upheld by its own set of validators, thereby creating a decentralized yet isolated network environment. This design allows for tailored security models and independence for each chain, with many opting not to connect via IBC. Despite the relative user-friendliness of the Cosmos Software Development Kit (SDK), the ecosystem faces challenges such as high development costs and limited network effects, with most chains functioning akin to isolated islands devoid of global market interaction. Polkadot, on the other hand, employs a more rigid economic model and the concept of shared security. Validators do not choose which sidechains to validate; instead, they are randomly assigned to ensure equitable security across all sidechains. The entry threshold for validators is high, maintaining a controlled number of participants and potentially enhancing network security. Although validators receive sidechain transaction fees, there are no additional incentives, focusing rewards on maintaining the integrity and performance of the mainchain. This system facilitates simple and autonomous operation of side-chains, with state finality achieved through WebAssembly (WASM) based smart contracts. Crucially, Polkadot's bridges, which link to the primary Relay Chain, benefit from robust security underpinned by the ecosystem’s consensus mechanism, managed by collators. Avalanche currently offers a slightly less flexible model with its subnets but allows for more customization than Polkadot. Avalanche offers a scalable Layer 1 (L1) solution employing Directed Acyclic Graphs (DAGs), which facilitates the launching of independent chains using its SDK. Similar to Polygon's supernets, Avalanche's subnets can operate independently with their own validators or through a predefined validator infrastructure. Validators in Avalanche can choose specific sidechains to validate, though they must meet a minimum stake requirement on the mainchain. Rewards are primarily distributed in AVAX tokens, derived from activities on the mainchain and supplemented by transaction fees from sidechains. This structure supports a balance between customization and security, ensuring validators have a vested interest in the network's overall health. MultiversX takes a different approach. Sovereign Chains provide each chain with the autonomy to establish its own governance, rules, and distinct token economy. This approach allows the development and management of unique tokens tailored to the specific needs and objectives of each individual chain, diverting from other current-day models like Ethereum rollups that utilize ETH as its gas token. With Sovereign Chains, each chain can design a token that precisely fits its intended purpose, community, and economic framework. This customization facilitates targeted incentives, network security, and the long-term viability of the chain. Should a Sovereign Chain introduce its own token, it can also utilize a dual-staking mechanism (or restaking), where it leverages the existing economic structures from the mainchain while leveraging its own native token. This approach not only diversifies the potential sources of yield for validators and sponsors but also enriches the network's economic and security model. This system allows staking with EGLD, an established token with lower volatility and higher liquidity, alongside the network’s native token. This strategy significantly reduces the risks asSovereign Chainiated with new token volatility, as the economic security of the network does not solely depend on the new token's stability, as well as introduces a second avenue for yield generation. The primary advantage of dual staking is the potential for dual yield, which is derived from multiple sources: - Stable Yield from EGLD: Validators and sponsors secure a stable income from the yields generated by staked EGLD, benefiting from the robust economic system of the mainchain. - Additional Rewards from Native Tokens: Validators can earn further from fees and rewards generated by the native tokens of the Sovereign Chains. This not only enhances the attractiveness of new chains but also encourages deeper investment in the network. - Increased Usage and Fees: As more developers and users engage with Sovereign Chains, the network experiences increased transaction volumes and, consequently, higher fee generation. This benefits both the validators of Sovereign Chains and the mainnet. - Enhanced Composability: With Sovereign Chains acting as focal points for dApps, there is an improved integration and interaction across the ecosystem, leading to enhanced composability and utility. The next phase in the development of Sovereign Chains is defining an economic model that promotes the growth and usage of EGLD within these chains. This model aims to provide robust economic security as a foundation for the underlying projects, integrating concepts of shared security. The ultimate goal is to establish a self-sustaining, autonomous economic layer that supports innovative distributed systems and contributes to a more secure and advanced Internet infrastructure. Cultivating MultiversX Adoption MultiversX is gearing up to dramatically increase its footprint in the Web3 ecosystem through a series of strategic hackathons, university partnerships, and grant programs. The platform boasts a robust infrastructure and cutting-edge technology that is not only built and ready to use but also ideally suited for developers eager to elevate Web3 to the next level. These initiatives highlight the versatility and readiness of MultiversX for new and experienced developers alike. Starting with a busy schedule of hackathons, MultiversX is a major player in fostering innovation and talent in blockchain development. The season kicked off with the Bucharest Hackathon on April 13-14, followed closely by a 24-hour coding marathon at Milton Friedman University in Budapest on May 7-8. These events provide a hands-on experience with MultiversX’s tools, demonstrating their capability to handle the demands of real-time, innovative development. June sees the Proof of Hack event, the first hackathon to feature a Sovereign Chain track for builders. The momentum continues into the summer and autumn, with major hackathons scheduled for August and xDay in October, details of which are eagerly anticipated. Furthermore, MultiversX is deepening its educational impact through partnerships with universities both in Romania and abroad. In Romania, institutions like ULBS, UBB, UPB, and TUIASI are integral in introducing students to blockchain technologies through MultiversX’s resources. Internationally, notable collaborations include Old Dominion University in Virginia, where MultiversX is lecturing a comprehensive three-hour blockchain course, and Wien University of Economics and Business, which offers introductory courses to blockchain backed by real-world use cases facilitated by MultiversX. Upcoming partnerships with Cornell University and further engagements at ELTE University in Budapest will expand the reach and impact of MultiversX, preparing a new generation of developers to contribute to the Web3 landscape. Finally,in a move to bolster innovation and community engagement within the blockchain ecosystem, MultiversX has joined forces with Bware Labs, a leader in decentralized infrastructure solutions. This collaboration introduces a new grant program designed to empower startups and developers with the tools necessary to build and expand their projects on the MultiversX network. The partnership with Bware Labs leverages its Blast API platform, providing startups with crucial infrastructure services that are foundational for blockchain application development. By offering grants in the form of credits or free trials, this initiative aims to lower the barrier to entry for new projects, enabling them to focus on innovation and development without the initial overhead of infrastructure costs.
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