Crypto Panda90

Builders

Retweet

So, what now?

Кріпта без вкладень складна справа

#Словничок_крипта
Rollup - a technology that allows not only security certificates but even the transaction itself to occur outside the main chain, while preserving evidence in a compressed form within the base network. This makes transactions faster and cheaper, and protects against dangers within the system.

I saw an interesting project @Calderaxyz that provides a platform for creating your own interconnected rollups in the Ethereum network, Celestia, EigenDA, and others, and the internal token $ERA will definitely be needed if you are creating a new DeFi project, game, or social network that requires its own blockchain system.
#caldera

And today I want to delve even deeper into what zero-knowledge disclosure is and what the difference is between off-chain computation and on-chain computation (i.e., what the difference is between processes that occur inside the blockchain and those that occur outside of it).

If all computations occur within the blockchain, the data volume increases, blocks fill up faster, and as a result, all operations become more expensive and slower. One of those who addresses this problem by moving computations off the blockchain is @Lagrange Official , while the data remains secure thanks to zero-knowledge technology (ZK). We have already discussed what this is, but if you're interested, we can explore it further. #lagrangedev $LA

It seems I will be writing to #Словничок_крипта every day, the sooner I can learn all the terminology so that ordinary mortals do not understand me. So today’s word:
Decentralized applications (dApps), or simply dapp - are applications that run on blockchain networks. There are many dApps with different use cases, such as games, finance, social networks, and much more.

That is, these are the same applications where we "mine" (we will break down this word someday) meme coins, wallets, social networks, games in Web3, and generally everything that uses blockchain network technology. And the transfer of tokens between these applications and wallets will be ensured by @WalletConnect whose internal token $WCT is based on the Optimism and Solana networks. #WalletConnect

#Словничок_крипта
Zero-Knowledge (ZK) is a cryptographic method that allows one party (the prover) to prove to another party (the verifier) that a certain statement is true, without revealing any additional details other than the fact of its truth.

Off-chain computation is any computation that occurs outside of the blockchain itself, meaning on external servers, nodes, or specialized networks.

If I understood correctly, zero-knowledge is when I prove to the safe that I know the PIN code without actually entering it, instead of opening the safe with the money using the PIN code. This enhances the security of operations in decentralized systems. Because the main calculations are performed off-chain. This is the direction that @Lagrange Official is working towards by using a decentralized network of nodes to perform efficient off-chain computations and generate ZK proofs.
#lagrange #$LA

I have only recently started to dive into the world of crypto and learned about @walletconnect thanks to a task from CreatorPad. Even a brief introduction was enough to understand - this is a project worth attention. Uniting such a number of crypto wallets, exchanges, and even NFTs in a single Web3 space is an ambitious and important goal. I believe that $WCT will be relevant not only in the near future but also in the long term. #WalletConnect