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/biz/ - Business & Finance

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49915278 No.49915278 [Reply] [Original]

even DYDX is getting their own app chain on Cosmos

>> No.49915644
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49915644

daily rember, eth2 is just removing the innovation which is PoW and replacing it, for no reason at all, with the archaic system that is PoS, you know, what current finance is running on. A system where if you have a share of the network, you keep it forever and no innovation in processing can unseat you.
This has no effects on fees.
They want to address that problem via L2s, issue is that L2s on ETH doesn't really scale because each L2 needs to settle to the base layer, i.e. need to bid for blockspace on a congested main chain.
The solution to this danksharding, it's not really sharding at all, more like sampling, this works by, essentially, increasing block size for L2 transactions. But this would increase storage requirements.
The solution, just delete the blocks after a few months. Basically removing the immutability of a Blockchain.

>> No.49915742

>>49915644
If PoS doesn't work out well, the ETH devs can just roll back the block to before they transitioned, as they've done before.

>> No.49915860
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49915860

>its over for Ethereum layer2
>literally only MATIC pumping right now
TOP KEK

>> No.49916585

>>49915860
take your eyes off chart for once, dumbass

>> No.49916622

this is the start of a massive ethereum dev exodus.

>> No.49916676

>>49915278
Cosmos is based

>> No.49916816

Does anyone except bots even use the eth network? Gwei rarely spikes at all

>> No.49916875

>>49915644
What do you mean when you say POS is the archaic system current finance is running on.

>> No.49917078

>>49916875
proof of stake
stake in the system
without proof of work everything will be free floating
you need real work put in to output real value.
proof of work > proof of stake.
throughout time all value has been generated through work.

>> No.49917185

>>49917078
>throughout time all value has been generated through work.
You were doing so well and then you brought up this commie trash.

>> No.49918325

why not avax subnet bros

>> No.49918694
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49918694

>>49918325
AVAX subnet is still early tech

>> No.49918759

>>49918325
Because AVAX is a turk scam

>> No.49918935
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49918935

>>49918325
>>49918694
Not the full reason, looks like they can't stand some people at Avalabs lel

>> No.49918942

>>49915278
They moved because they cant really process the orderbook manipulation that market makers typically want to do. For every trade made, 100 changes happen in the orderbook.

This is why dex orderbook trading is significantly inferior to synthetic trading and they basically have to bannish themselves off of ethereum and use some cedefi approach where their matching engine is off chain. Kek.

Meanwhile GNS processes trades only and can run on Polygon or Arbitrum and scale up 10 or 100 fold easily.

>> No.49918977

>>49915860
>pumps come from fundies

>> No.49918985

As a Cosmos baggie I approve this message

>> No.49919103

Cosmosbros.... AWGMI?

>> No.49919216

>>49919103
I fucking hope so after the Osmosis and Juno dumbfuckery

>> No.49920273

Sounds like a cex. Why should I use a cex on a tendermint scam over a cex on a classic trading engine. I mean, I could as well put my stables on solana and hope that nobody comes to idea to steal my funds or shut down the chain.