Topic: Blockchain 3.0, Next gen crypto talk - page 11. (Read 19486 times)

Millix (MLX) operates on a directed acyclic graph. Layer 1 Open Source
has sharding, Smart Contracts, high-speed transfers, and costs fractions of a penny to send Millix.

https://millix.org/whitepaper.html

I have been following this project for a while and they have really been doing cool things.

They have a browser called Tangled which has a built-in Millix wallet and a node that pays you for helping with transactions, and there are simple text ads that cycle on top of the browser, for which you also get paid.
It has a Built-in encrypted message/email app which is on the Millix DAG.

Tangled Social which is like Reddit but decentralized use Millix to post and other users can Tip you with Millix if they like the post, it's in beta the UI needs to be worked on.

CobraHelix- Play to earn platform for games.

They just built an ETH Bridge to make Wrapped Millix and working on being listed on Exchanges.

The preference in using the usual Ethereum network from the already running L2, and the tested L3 is due to the fact that:
1) Users have long been accustomed to it;
2) It is confidence in certain reliability;
3) Most of the assets of the portfolio are located on Ethereum;
4) The transfer of assets to another network is an additional cost.
5) Safety risks.

Great interview

https://www.youtube.com/watch?v=GG5ifD_GMzE
Bitcoin Cash | Raising Industry Standards


Def worth a listen , many will learn alot

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https://www.reddit.com/r/btc/comments/13wjctk/dex_on_bch/

https://tapswap.cash/

The speed and low cost to trade is unbelievable...near instant and practically free....Cashtokens...awesome piece of tech...

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https://twitter.com/throwingstones7/status/1664449801042132993?cxt=HHwWgoCwmdCRqJkuAAAA
Just bought some
@BCH_Guru
 NFT's. Process was so easy and fast compared to Ordinals on #BTC.  Fee's were fractions of a penny!

You really have to admit the  #BtcoinCash devs are doing great work.https://nfts.bch.guru/

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Heres something ive never seen before....Token swapping between wallets has no cost....its FREE    only on Bitcoin BCH
CashTokens can be used for a variety of purposes, including fundraising, rewards programs and loyalty schemes.
They can also be used to represent assets such as stocks, bonds, and real estate on the Bitcoin Cash network.
Swap NFT's and more with friends ,family and anyone you want and you do not need to pay....truly awesome.

[moderator's note: consecutive posts merged]

I hate this 2.0, 3.0, 5.0 nonsense. Some blockchains have more security, others more speed, every one has different pros and cons. For speed I like Solana but for governance and security I like Q Blockchain because it has validators for validators to protect the network.

A lot of fast transaction 3.0 technology nowadays, it is becoming more popular because
Cheaper
Instant transaction
large number of users
The market price fluctuates slightly

Soon available crypto wallet in a business account at www.narvi.com

LN was never the real solution for scaling bitcoin....also it just doesnt work on small blocks.

I seriously see a big change coming...something is happening and it involves BCH.
With the new BCH upgrade i see many stablecoins coming USDC,TUSD and USDT....this will bring an insane amount of liquidity to BCH
The USDT guys...Binance and others could easily switch and make some huuuuge financial gains..more than making btc core over $50k
If BCH gets majority POW it becomes Bitcoin....and with so many maxis pissed of with core ...this could happen soon.

The reason why btc core is breaking is because of the updates by the core dev team to the Bitcoin protocol in the form of the Taproot (November 2021) and SegWit (August 2017) upgrades. As a result, ordinal inscriptions do not require a sidechain or separate token, and allow the creation of true, immutable collections on the Bitcoin blockchain.
Also even if Core wanted to fork now they cannot remove segwet....BCH forked before segwet was implemented.

$115 for a Bitcoin just now....this is the time to buy and share...give the people you love a Bitcoin.

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Bitcoin cash is about to become a proper 3.0 Blockchain 

BCH with the new upgrade will be like OG BTC and ETH POW combined with super speed(near instant) and ultra low fees(fractions of a cent)...No need for POS.
BCH will be the most powerful and decentralized smart contracts platform in the world.
There will be dex's like Uniswap...stablecoins...RWA'S....
This will be the place to build smart contracts without the worry of supply controlled by VC's on POS chains....

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https://www.youtube.com/watch?v=yCCAsEkPLzI&t=3s
John Nieri on Bitcoin Cash's AnyHedge, BCH Bull, and the Future of CashTokens

Digital Cash Network

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We all love ETH in some way...but this is something to be worried about....
The Ethereum mainnet was unable to fully confirm transactions for about 25 minutes on Thursday, with blocks getting proposed but not being finalized. Users of the blockchain saw that their transactions were going through. However, during the 25-minute span, they were at risk of being altered because of the malfunction.18 hours ago

btc core...clogged up, slow, very expensive...unusable
ETH..downtime...for just under 30mins...slow...expensive..unusable

Its time for people to wake up...
BCH 3 days away from smart contracts upgrade...0 downtime...super fast(near instant),cheap.(fractions of a cent)

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The Ethereum blockchain suffered from a technical issue on Friday that caused the network to stop finalizing blocks for over an hour, the second such outage in the past 24 hours and it could happen again.

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Around 24 hours left for the biggest Bitcoin BCH upgrade ever.

Bitcoin Cash (BCH)

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A thought...many years ago when BTC split a plan was hatched.
Pump the old btc to sky high prices and then let the VC's,bankers etc buy...and supress the scalable version of btc(BCH)
Wait a few years then switch.
While the VC's hold old slow unusable btc the OG crypto guys buy and pump BCH...giving BCH more hash and then making BCH Bitcoin. Leaving the bankers holding old dead version of btc.
VC & bankers that fell for the lies will get rekt because they never held/hedged with BCH....

(for those that maybe unaware...Bitcoin Cash is a split from Bitcoin with a protocol upgrade to fix on-chain capacity. If Bitcoin Cash gets majority of PoW then it becomes de facto Bitcoin. Fact)


A few things to think about.....when BCH and BSV hashwar began...who helped BCH with the hashpower? btc miners backed BCH.
Suetoshi has tried taking both btc and BCH team/community members to court.
BCH devs helped find a huge bug in btc and helped them.

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https://news.bitcoin.com/cashtokens-take-center-stage-following-bitcoin-cash-upgrade-over-26000-tokens-created/

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Ive got a feeling BCH is about to ...insane pump to a new ATH.

Its the only pow commodity coin with smart contracts, instant speed and Block Fees fractions of a cent. $0.0006


The COMMODITY part is what will draw in all the $$$ as people and business know its a safe asset from SEC and ok to hodl. Especially during a time when U.S. may default On Its debt

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Past 2 weeks BCH has seen around 50% increase in hashrate.

[moderator's note: consecutive posts merged]

Yes, The problem of high fees persists in the Bitcoin network, If a routing node has a large number of channels open, a force-close of one or more of these channels could potentially result in a loss of funds and fees for the node operator. I think Lightning Network is still in the early stages of development

https://www.reddit.com/r/Bitcoin/comments/13chlee/is_this_true_how_much_of_a_problem_are_high_fees/

cocoabeachbrews
•
19 hr. ago
Opening and closing channels is cost prohibitive right now. Managing existing channels could be more expensive right now too. If you have a node with a few large channels already open everything should be fine unless fees never come back down - in which case you will probably be losing money to run your lighting node.



Upvote
12


https://twitter.com/LN_Capital/status/1655591483519508487


LN Capital
@LN_Capital
Most routing nodes would never financially recover from a force closed channel right now.

BTC is obsolete and should not host NFTs or color coins, for those kind of applications you need a newer more advanced chain like Fantom or Q Blockchain. Fantom has near zero fees and fast transactions and Q has free transactions due to gas fee redistribution.

Do you want fast tx, low fees,stablecoins,dexs,defi,nfts,rwa's and more...well these things simply dont work on the first gen blockchains.
Look at the state of eth, btc fees and the slow speed...waiting days for a tx is not good for crypto.
L2s on eth and btc dont solve this issue...look at btc ordinals and brc20 ...they are destroying btc usability now...LN is pointless if it costs so much to open/close a channel.
Fees do matter....speed matters....businesses wont pay stupid high fees on an old l1...they would rather build on a new next gen blockchain...look at Amazon using AVAX or Circle building all its business on SOL.

(imo cardano and tron are not 3.0 blockchains,which is why they have never been mentioned on this thread.)

Also try building anything related to gaming on the old chains...it doesnt work.
This is where blockchain3.0 comes in....look at coins like AVAX and its subnets....Look at what SUI is capable of doing for the games industry.....
Blockchain 3.0 is not just about being a currency...its about bringing the world onto the Blockchain in ways that most cant even imagine.

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https://www.binance.com/en/support/announcement/binance-will-support-the-bitcoin-cash-bch-network-upgrade-5b99b3ffdb4f4954aa5896ad269c5433

5 days left for Cashtokens to go live...

Bitcoin Cash Smart Contracts 'Comparable to Those on Ethereum Possible via May Upgrade,1000x Efficiency Advantage
 Yes. Cashtokens enable decentralized applications on Bitcoin Cash comparable to those on Ethereum, while retaining Bitcoin Cash’s over 1000x efficiency advantage in transaction and block validation.

Ethereum developers can think of Bitcoin Cash as featuring transaction-level sharding of both data and execution, account abstraction, deterministic gas pricing, all-or-nothing transaction chaining, zero-delay re-spending, a wider selection of MEV-resistance strategies,
and no-fee contract deployment – user wallets both “deploy” and “destroy” contracts incrementally as part of their usage, improving overall network throughput and real-world privacy.
All of this exists at “layer 1”, with exceptionally low-bandwidth transactions, low-resource archival nodes, ever-improving scalability (already 25,000 transactions per second on modest, 2020 hardware), and multiple strategies for “layer 2” systems if needed


The Bitcoin Cash (BCH) network upgrade will take place at 2023-05-15 12:00 (UTC).

[moderator's note: consecutive posts merged]

All this talk of Blockchain 3.0 is just a marketing play to me, All these L1, L2, and L3 are just chains coming out with one advantage and disadvantage over another, I remember when Cardano and Tron were shilled as the next best thing in the space despite their fast transaction and low fees they have both struggles to build a strong community and attract developers to their chains and build trust around them. It doesn't matter how expensive Ethereum and Bitcoin transaction fee is they will continue to see demand because they have built a cult-like community around them, why are people not using L2 despite their advantages over Ethereum? answer Community

https://twitter.com/Mysten_Labs/status/1653072973581135873?cxt=HHwWgsDRoY7H8vAtAAAA

Mysten Labs
@Mysten_Labs
Get ready to play on
@SuiNetwork
!Watch real gameplay footage of these incredible Mysten Labs' partners:

https://decrypt.co/139169/sui-built-games-heres-why-developers-bullish


WOW, impressive more games than XBOX lol
$1.15...great entry or DCA time.....this coins far too cheap.

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I find it hard resisting a bargain 
$1.06...i just FOMOed lol, loaded up on aloooot more SUI 

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The SUI team...impressive
https://twitter.com/Mysten_Labs/status/1654184506650132480?cxt=HHwWgICw_eyC7PQtAAAA

Mysten Labs
@Ledger


Our new partnership has brought Ledger integration into
@SuiNetwork
. Go forth and secure your assets!

https://www.youtube.com/watch?v=IBdREA4kPsE
Sui Mainnet and Beyond | Sui Builder House Hong Kong


https://www.youtube.com/watch?v=L_LqIqNZ7Hs
DeepBook: Bringing Deep Liquidity to Sui Sui Builder House Hong Kong

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Average Bitcoin Transaction Fees Skyrocket to $19.20 per Transfer as Over 440,000 Transactions Remain Unconfirmed
https://www.reddit.com/r/btc/comments/13byu48/average_bitcoin_transaction_fees_skyrocket_to/
https://www.reddit.com/r/Bitcoin/comments/13bwyjx/36_hours_since_transaction_was_made_and_has_not/

12 hours later....
 Bitcoin Cash (BCH)
Next Block Fee: $0.0006
Weekly Median Fee: $0.0005

Bitcoin Core Bitcoin Core (BTC)
Next Block Fee: $40.25
Weekly Median Fee: $18.76

https://www.reddit.com/r/Bitcoin/comments/13c1cxq/binance_makes_large_bitcoin_transfer_as_btc/
Application_Sure
•
9 hr. ago
How long should we wait before considering the transaction forgotten? I did a transfer on April 28th that hasn't gone through yet. I don't want to accidentally transfer my BTC twice.
https://www.reddit.com/r/Bitcoin/comments/13cd48f/im_trying_to_receive_bitcoin_on_coinbase_they/

https://www.reddit.com/r/Bitcoin/comments/13bn5pr/why_is_the_mempool_suddenly_so_congested/

sweetsimplesauce
•
17 hr. ago
This is because of the sudden demand for limited block space. The sudden demand is from shitcoin grifters that are minting or trading stupid BRC-20 tokens in hopes that idiots will buy them so that they make a lot of profit.

57.9% of today's bitcoin transactions were minting or transferring BRC-20 shitcoins.

Hopefully this scammy fad will be short lived. As always with this kind of grift, being first pays off, and that's why these shitcoin grifters are willing to pay higher and higher transaction fees to get their transactions included in a block first.

Upvote
224

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https://www.youtube.com/watch?v=3VR108sVFpE

BREAKING: BITCOIN CAN'T CONFIRM TRANSACTIONS!!! Network Spammed (BRC20 Mania)

Ivan on Tech
https://www.reddit.com/r/Bitcoin/comments/13bll74/this_bitcoin_user_spent_over_15k_to_send_just_34/
This Bitcoin User Spent Over 15K to Send Just 3.4 BTC

Bitcoin Cash Bitcoin Cash (BCH)
Next Block Fee: $0.0006
Weekly Median Fee: $0.0005

Bitcoin Core Bitcoin Core (BTC)
Next Block Fee: $40.12
Weekly Median Fee: $18.51

LN is not the solution....pay over $40 to join a channel....wait days or weeks to join....your btc is not in your custody when you use LN.
Satoshi said the solution was bigger blocks and thats why BCH is never going to have the same issues as btc core.

[moderator's note: consecutive posts merged]

Blockchain 3.0 is somewhat reminiscent of the concept of Web 3.0. At the same time, I think the third blockchain absolutely should have advantages in speed and, most importantly, in a small transaction fee. This will give access to many people. Because the last days with gas fee (gwei) in the Ethereum network are just terrible things happening. 1.5 ether per transaction. Nightmare and horror. I hope this will not happen on Blockchain 3.0

Agree.....ICP is mentioned on this thread.
The tech and team are good its just the way it was priced at launch and due to FTX i believe they caused it to be overpriced and dumped hard.

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https://www.encode.club/sui-educate

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We all know about Blockchains trilemma and how many projects have solved it in various ways...but what if it was actually a Quadrilemma?
Security,decentralization,scalability i would add a very important 4th...accessibility.
Making Blockchain tech easier and more user friendly is key to onboarding a whole new world to crypto projects.

From what i have learnt so far, SUI solves the Quadrilemma by tackling the very important issue of ease of use...accessibility.

[moderator's note: consecutive posts merged]

I think Internet Computer (ICP) falls within that category, they have started building from ground up, I have been following them and watching the updates they are rolling out, they are not there yet, but i think it's one of those to watch for. 

Curious what SOLs creator thinks of SUI?


https://twitter.com/aeyakovenko/status/1649430315155202055
@aeyakovenko
This isn’t an argument about what chain is better. Sui is awesome. You just can’t do a 100 transactions with 1 cryptographic signature. You can do 100 transfers, but if there is only 1 signature that authenticates a state transition, it’s only 1 transaction no matter what the state transition does.

If you batch and aggregate a bunch of signatures into one transaction, it’s still one transaction, but that’s at least a fair optimization that works in some real world situations.

 Great, Im loading on Sui. Good luck 

Missed early days of ETH,AVAX,SOL?.....well if you have then dont worry....be happy


The most impressive crypto blockchain tech i have ever seen.....is now live.
DYOR




SUI will be a top 5 coin.

It is clear that over the years the technology of cryptocurrencies has not reached as far as before, but they are trying to put into practice.  From NFT, Metaverse, AI or payments are all the most practical things that are focused on development.  Also crypto memes are becoming more visible and trending for retail investors to venture out.