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The Chainbase AVS Mainnet is officially live! This marks a huge milestone in decentralized data infrastructure. Let’s break down the key features of this launch and what it means for the Web3 and AI ecosystems. Read the full blog: blog.chainbase.com/avs-mainnet-la…
Dream team, assemble! 🔥
Sidechains also face the challenge of decentralization. As independent networks, they may centralize over time due to fewer validators. The question often arises, can sidechains truly scale? What's your thoughts on this? RT and comment on what should we cover next.
Unlike Layer 2 solutions that inherit the main chain's security, sidechains have to establish their own. This independence offers flexibility but means lower security guarantees. Is this trade-off justifiable for scalability?
Sidechains introduce a significant security concern – the blockchain bridges. These bridges, often attacked, serve as single points of failure, making sidechains vulnerable. Can the benefits outweigh this potential risk? x.com/CaptainDefi2/s…
🏴☠️ RONIN HACK EXPLAINED THREAD 🏴☠️ Hackers have stolen 600 MILLION USD worth of Ether Ronin is a side-chain of Ethereum (in which Axie Infinity operates). It's secured by 9 validators and you only needed 5 (+50%) to attack the network 🧵 1/3
One example is @0xPolygon, which acts as a sidechain for Ethereum. Also @Rootstock extends Bitcoin with smart contract capabilities, showing sidechains' versatility. x.com/0xPolygon/stat…
Releasing the Type-1 upgrade to the zkEVM prover, the next generation of Polygon’s proving tech. It can generate proofs for any EVM chain—sidechain, optimistic rollup, even Ethereum itself. When proving Ethereum mainnet blocks, avg per-transaction costs are $0.002 - $0.003.…
The two-way peg & smart contracts maintain the link between the chains. Assets are locked on the main chain, & equivalent tokens are minted on the sidechain. The process reverses when transferring back. x.com/PastryEth/stat…
Sidechain - A sidechain is a separate blockchain that is attached to its parent blockchain using a two way peg. The two way peg enables interchangeability of assets at a predetermined rate between the parent blockchain and the sidechain.
Sidechains operate with their own consensus mechanisms. This means they’re not directly dependent on the parent chain's security. Transactions occur on the sidechain, reducing congestion on the main chain, and data is periodically relayed back. x.com/bitfinitynet/s…
🌊 Deep Dive What is a Bitcoin Sidechain? A Bitcoin Sidechain is a separate blockchain that is interoperable with #Bitcoin By allowing assets to be securely transferred between chains, Bitcoin Sidechains enable new features, functionalities and use cases for the Bitcoin…
Sidechains are independent blockchains running parallel to a parent chain, connected via a two-way bridge. This bridge facilitates asset transfers. But with multiple chains emerging, interoperability infra solutions like @synthr_io will play a key role! Source :…
GM syTIZENS! Sidechains are pretty cool, right? Time to uncover their potential. In this piece, we're diving into what they are, why they matter, and what's next. 🧵
Join the Game of MITO pre-registration today to get exclusive rewards! Participate in the testnet to get $tMITO and boost your $MITO allocation when the mainnet goes live. link : waitlist.mitosis.org/profile/4S7NOA
🌟 Level up like a legend and watch those gainz stack up wid role multipliers! 🤑 ⏳ Clock’s ticking—get in the game NOW!
New day, new syUNIVERSITY piece! 🎓 Omnichain protocols & cross-chain bridges are two distinct approaches to blockchain interoperability. Let's dive into what they are, how they work, and where they differ. 🧵
Always shipping @verio_story 🚢 🌊
Getting DMs from ecosystem builders in office at 4am saying "last man standing". Shipping is inevitable 🚢
🌟 Introducing Piper – The Mascot of Liquid Creativity! 🌥️✨ Say hello to Piper, the vibrant mascot of @PiperXProtocol, marking the official debut of the Piper IP on Story Layer! 🧢💖 Piper embodies IPFi and the limitless possibilities of liquid creativity on-chain.
I’m minting my Styreal Story Odyssey Badge on @StoryProtocol! 🔊 Reshaping the future of music finance, @theStyreal is ꧁IP꧂. Invest in music trends, and ride the trend wave now! 🎶 tuning.app.styreal.com/CBJPJ0?i=CBJPJ0
Loading up my d754cfc9 wallet with Sepolia ETH from @quicknode's faucet. It's like magic, but real! ✨ faucet.quicknode.com faucet.quicknode.com/arbitrum/sepol…
We are one year old on Guild 🥳 Celebrate the first anniversary of the Zerolend guild with us by minting our commemorative NFT! Grab it here: guild.xyz/zerolend
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