Rohan Kapse

@devotedarm04

109 Following

4 Followers

Rohan Kapse pfp

“classic crypto problem (newbie)” > receives USDC on polygon network, gets excited : ) > tries to figure out how to transfer it to local bank account. 💪 > realizes usdc needs to go through a CEX (e.g. binance). > discovers that MATIC ( gas token ) is required to pay for tx fees.💀 > goes to MATIC faucet—no luck : ( > doesn't have MATIC in wallet. buying MATIC requires fiat/ crypto, which they’re don’t have access to yet. > again, can’t buy MATIC due to KYC delays/min purchase limits on CEXs, & somewhere faces rejection. 🥲 > finally finds a cost-free bridge, without need to pay upfront fees. that saves the day. 😌 eventually sorted, but with this experience, the user says, “crypto is complicated 😭 !” see the gap here ? is that how we onboard the next billion users? 😤

0 reply

0 recast

0 reaction

Rohan Kapse pfp

why ethereum is called world computer? in bitcoin, state transitions occur with tx’s of bitcoin which also cause the global state transitions. meaning, it’s strictly restricted to tracking of currency ownership. while, ethereum tracks the state transitions of any type of data, not just tx’s. so like a computer that stores both code & data in memory. it operates similarly, where smart contracts are stored & executed by EVM + allows devs to program state machine, managing apps, & so on. decentralized network of thousands of nodes worldwide without relying on a single entity for control is what makes it a : - 👇👇👇👇👇👇👇👇👇👇👇👇

0 reply

0 recast

0 reaction

Rohan Kapse pfp

thank you “Papa ji”❌ thank you #Web3 ✅

0 reply

0 recast

1 reaction