Blockchain 3.0, Next gen crypto talk

[firesurfer]

Blockchain 3.0 is something new but they are just improvements and something new in it.
The most recent examples are L2, Web3, DEX, Metaverse blockchain, Game, NFT, AI...
They have been around since ETH 2.0 came out and materialized in the following years. People are more interested in profits than apps. The number of users skyrocketed and decreased gradually. That is the essence of every financial game.

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[Mrpumperitis]

TRU about to become the top gaining coin in past 24hours....


 Watch what it does over the next 24 hours....

[Mrpumperitis]

https://eu.usatoday.com/story/money/economy/2023/03/22/fed-meeting-rate-hike-live-updates/11509144002/
Fed Chair Jerome Powell "it's too soon to tell" how much the stricter bank lending will hobble the economy
  

Why hodl TRU?.....TRU stakers act as a risk management system for the TrueFi Lending Pools.

Stricter bank lending is happening now and will get harder, this is why coins like TRU are going well and will do better because TRU stakers can give uncollateralized loans to large businesses.
  
https://blog.truefi.io/introducing-truefi-the-defi-protocol-for-uncollateralized-lending-9bfd6594a48
DeFi’s lead protocol collateral-free loans,world’s first on-chain credit scores.

https://docs.truefi.io/faq/truefi-protocol/tru-token/stake
TRU holders can stake TRU to participate in the Loan approval process for TrueFi DAO pools. In return the user receives stkTRU tokens.

What is stkTRU?
TRU holders can stake TRU to participate in the  for TrueFi DAO pools. In return the user receives stkTRU tokens.
Stakers vote to approve/reject loan applications, and in return can potentially earn additional TRU and protocol fees.
Stakers risk losing a portion of their TRU staked in the event of default on loans in TrueFi DAO pools.


Also You can stake your TRU on Binance 15% on your stake.
Or stake Truefi dApp https://app.truefi.io/stake with 21+% yield.


Get ready for the TRU 🚀🚀🚀

[Mrpumperitis]

Cyprus....the country with the most crypto adoption that i have ever seen.
Having spent over a month travelling all over North and South Cyprus, i was blown away with the amount of crypto adoption there.

Walk for 2 mins any direction and you get a crypto exchange shop..buying,selling,teaching and helping onboard new users everyday.
Almost every place accepts crypto...pay for almost anything anywhere....they know how to use it as currency.

The reason Cyprus is so crypto smart is because of the bank bail-ins the citizens had to suffer around 13 years ago.

This is what will eventually happen worldwide as people lose faith in banks, fiat and adopt crypto.
We have only scratched the surface of crypto usage....
$1till mcap is nothing compared to where we will be in the next 5-10-20 years....hundreds of trillions is coming.

[SUPERSAIAN]

Cyprus....the country with the most crypto adoption that i have ever seen.
Having spent over a month travelling all over North and South Cyprus, i was blown away with the amount of crypto adoption there.

Walk for 2 mins any direction and you get a crypto exchange shop..buying,selling,teaching and helping onboard new users everyday.
Almost every place accepts crypto...pay for almost anything anywhere....they know how to use it as currency.

The reason Cyprus is so crypto smart is because of the bank bail-ins the citizens had to suffer around 13 years ago.

This is what will eventually happen worldwide as people lose faith in banks, fiat and adopt crypto.
We have only scratched the surface of crypto usage....
$1till mcap is nothing compared to where we will be in the next 5-10-20 years....hundreds of trillions is coming.

When I went to North Cyprus 3-4 years ago, it wasn't that common. It's nice to see it adopted like this, they really reacted very quickly. There are different exchange offices, such as mostly jewelers providing bitcoin and altcoin trading services, of course, but the most important thing is the free law on this subject. It is a great advertisement for an island that makes a living from tourism, and it is also a great convenience for tourists.

[Mrpumperitis]

The next big thing for all crypto is coming very soon....recent research papers from Coinbase,Binance,CITI bank, chainlink and many many more all agree...
Real world assets ...more than just a buzzword RWA on the blockchain is going to change the entire crypto world...

https://www.coindesk.com/podcasts/the-breakdown-with-nlw/are-real-world-assets-rwa-the-next-big-crypto-narrative/

https://blog.defactor.com/rwa-another-buzzword-or-the-future-of-defi-e70dca3dc011

https://www.youtube.com/watch?v=8ueUSd7Mb4Y
Tokenized Finance Is Inevitable | Sergey Nazarov at Barclays Crypto & Blockchain Summit
https://blog.truefi.io/truefi-integrates-chainlink-price-feeds-to-further-secure-zero-collateral-tusd-loans-151dd3bd4cab

https://cointelegraph.com/news/killer-use-case-citi-says-trillions-in-assets-could-be-tokenized-by-2030

https://www.youtube.com/watch?v=bEM_V8uAAQ4
Tokenizing Real World Assets | Bringing Trillions of Dollars to Blockchain

https://www.investing.com/news/cryptocurrency-news/real-world-assets-could-be-the-growth-catalyst-defi-needs-experts-say-2971060
https://cryptonews.com/news/could-2023-year-of-defi-tokenisation.htm
https://medium.com/coinmonks/why-attention-should-be-paid-to-real-world-assets-rwa-defi-tokens-5a7b2225c9e4
https://thedefiant.io/real-world-assets-key-defi-growth 





Once you get some time to digest all of the above info....check this out...
https://www.youtube.com/watch?v=2xZEI1gFFBk
Bill Wolfe former Blackrock and now Tusd and TRU..... Archblock Wants Clearer Rules on Crypto

https://cryptoslate.com/four-rwa-lending-protocols-rank-among-top-10-lending-apps-with-largest-collected-interest/
Four RWA lending protocols rank among top 10 lending apps with largest collected interest
TrueFi, Maple Finance, Goldfinch, and Centrifuge collected the third, fourth, seventh, and tenth largest sum in interest, respectively.

Bring us to todays fresh of the press news for TRUEFI and RWA....so fresh you can almost smell the freshness lol
https://forum.truefi.io/t/wallfacer-labs-q123-recap-and-q223-roadmap/1419
Asset Vaults are specialized vaults that make new types of “Real World Asset” (RWA) activity possible on TrueFi.

Asset Vaults have a lot of similar qualities as credit vaults, but instead of complex and strict loan parameters being enforced on-chain, asset vaults radically simplify many of the manager functions and introduce the concept of “attestations” of off-chain activities.

This opens up new possibilities for how RWA portfolio managers can deploy capital, such as:

Deploying capital to more off-chain uses: portfolio managers (PMs) can use Asset Vaults to create representations of off-chain debt instruments, ETFs, etc.
Support for 100+ loans/instruments in a single vault: Asset Vaults enable PMs to represent many loans or off-chain instruments with low gas costs.
Floating rate loans: PMs can create loans that reference off-chain benchmark rates (e.g. SOFR + 200).
Amortizing loans: PMs can create loans that support complex repayment schedules, following existing structures found in the traditional finance world.
Carried interest, custom price feeds, and more…
Asset Vaults represent off-chain instruments by using on-chain attestations called Asset Reports, which are JSON files uploaded to IPFS that contain detailed descriptions of off-chain assets. Ultimately, parties involved in RWA activity need to hold actual legal ownership of the assets, and this infrastructure helps them represent such ownership on-chain.

Asset Vaults are focused on “Adapt3r”-like customers that are managing 1,000s of debt instruments off-chain. We’ve spoken with multiple asset managers who want to represent more dynamic assets (floating rate products, ETFs) that do not fit cleanly into our existing loan structures.

This approach directly opens the TrueFi protocol to new groups of customers we previously have not been able to support. We think Asset Vaults will become a new standard for how RWAs are handled in crypto.

Asset Vaults are currently live in TrueFi Labs beta, which means these contracts are available for builders to use but are not yet audited.


As such, this quarter we will be:

Publishing a competitive analysis of on-chain tranching solutions for credit/RWA protocols
Communicating how TrueFi’s tranching stacks up against other tranching solutions (not necessarily just those focused on credit/RWA)
Sharing additional interactive demos for our products
Refreshing TrueFi’s marketing website at https://truefi.io/ 2
Delivering a public overview of “What is TrueFi?”
👏👏👏👏👏👏👏👏👏👏👏



With TRU leading the new RWA world....and the Trillions of $ value through RWA it will bring into crypto...TRU mcap will easily surpass $10billion

[Mrpumperitis]

Not being rude by ignoring the two recent posts from other members ...its nice to see you guys here and i agree with what both of you said.
I haven't replied because i need to watch the amount of times i post here, the mod consecutive post police dont like me posting to much....they think i want to be a leader on some board or something...lol
Anyways...stick around and share your thoughts....
Now back to RWAs

Great write up from Edgy def worth a read...very detailed and accurate.
https://twitter.com/thedefiedge/status/1641440379760443393
Edgy - The DeFi Edge 🗡️
@thedefiedge
One crypto sector is estimated to reach $16 Trillion by 2030:
Real World Assets.
This will be the CATALYST for mainstream Crypto adoption.
Here's your 2023 guide to RWAs (and the top protocols):


https://twitter.com/thedefiedge/status/1641440431530708992
The Top RWA Protocols
RWAs are ALREADY here.
So which protocols are the market leaders?
I'll focus on popular ones. They tend to involve undercollateralized lending in various sectors.
Then, I'll mention some others that caught my eye.


https://twitter.com/thedefiedge/status/1641440462140755970
TrueFi
Uncollateralized Lending Marketplace
They've originated $1.7b in loans and have paid out $40m in interest to protocol participants.
Founded by the same team as the TrueUSD stablecoin.

[firesurfer]

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.

[Mrpumperitis]

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.

[powergear]

 Great, Im loading on Sui. Good luck 

[Mrpumperitis]

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.

[Bolivar_Tony]

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. 

[Mrpumperitis]

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. 

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.



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


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]

[timoshani]

I think the new wave of crypto is something special...but how do you identify what is Blockchain 3.0?

Together by discussing, we can all find out about these new fascinating projects.
This thread is for anyone that wants to chat about next gen Blockchain 3.0 crypto.

A coin must at least have the following attributes to be known as a Blockchain 3.0 crypto.

No copy n pasting old tech and just renaming it.
3.0 Blockchains must have alot of code written from scratch.
A dev team.
High throughput.
Low cost to send.
Super high speed to send.
Be environmentally friendly.
Smart contracts.
Sharding.

 

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

[Mrpumperitis]

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.


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


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


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


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]

[jacafbiz]

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

[Mrpumperitis]

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

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.


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]

[RussianEnglishTranslation]

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.

[Mrpumperitis]

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.

[Freddie Boyer]

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