Butalik Viterin
@cypherpunk1
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Butalik Viterin
@cypherpunk1
HOW DO VALIDIUMS INTERACT WITH ETHEREUM? Validiums are scaling protocols built on top of the existing Ethereum chain. Although it executes transactions off-chain, a validium chain is administered by a collection of smart contracts deployed on Mainnet including: Verifier contract: The verifier contract verifies the validity of proofs submitted by the validium operator when making state updates. This includes validity proofs attesting to the correctness of off-chain transactions and data availability proofs verifying the existence of off-chain transaction data. Main contract: The main contract stores state commitments (Merkle roots) submitted by block producers and updates the validium's state once a validity proof is verified on-chain. This contract also processes deposits to and withdrawals from the validium chain.
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Butalik Viterin
@cypherpunk1
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Butalik Viterin
@cypherpunk1
Polygon is a layer 2 scaling solution and framework for Ethereum. It aims to address Ethereum's scalability issues by providing faster and cheaper transactions while maintaining compatibility with Ethereum. Polygon achieves this by using sidechains, which are separate blockchains that run alongside the Ethereum mainchain but with reduced security trade-offs
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Butalik Viterin
@cypherpunk1
Proof of Stake (PoS) is a consensus mechanism in blockchain networks where validators are chosen to create and validate new blocks based on the number of coins they hold and are willing to "stake" as collateral. Unlike Proof of Work (PoW), which relies on computational power, PoS aims to achieve consensus and secure the network by incentivizing validators who have a vested interest in maintaining the integrity of the blockchain. Validators are rewarded with transaction fees rather than newly minted coins, promoting energy efficiency and scalability compared to PoW. PoS is gaining popularity for its potential to reduce the environmental impact of blockchain technologies while maintaining security and decentralization.
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Butalik Viterin
@cypherpunk1
GN everyone. Vor kurzem habe ich interessantes Buch gelesen. Das heisst "Kurs Algebri" von Ernest Winberg. Das war sehr toll!
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Butalik Viterin
@cypherpunk1
Hello, world!
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