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Showing 20 of 42 results by Nefelibato
Post
Topic
Board Altcoin Discussion
Re: What is your expectation after the "Dencun" upgrade?
by
Nefelibato
on 29/02/2024, 10:21:55 UTC
Ethereum is poorly built from the ground up and needs an update, layer 2 is not a solution, it simply exposes you to more risk, being completely centralized protocols.

Ethereum has become a business.So I think the main problems are the expensive fees and approvals.
I prefer not to talk about staking re-staking either.

I assumed that sharding would allow the high rates to be reduced, but I read that it will only serve the L2 circus, honestly a shame.
Post
Topic
Board Speculation (Altcoins)
Topic OP
Next 100x
by
Nefelibato
on 18/11/2023, 19:01:21 UTC
Anyone who has experienced a bull run in this market knows that many cryptocurrencies multiply their price x100.

    Rules

1. Refrain from sharing investment tips, they are not welcome here. There are many other posts for that.

2. Do not share projects with high capitalization whose chances of making a 100x are practically zero.

2. Try to be concise. Share a ticker and an explanation about the project if you want.

4. Respect the first 3 rules and this will be a thread where other users can easily consult hundreds of projects and do their own research.
Post
Topic
Board Development & Technical Discussion
Re: Layer 2 Vs Sidechains
by
Nefelibato
on 14/03/2023, 11:43:08 UTC
The native token is not the same as a token with parity to the native token. The main difference, as I already said, is that layer 2 inherits the security of the main chain, while side chains do not, since they have their own rules and consensus protocols.
Post
Topic
Board Development & Technical Discussion
Re: Layer 2 Vs Sidechains
by
Nefelibato
on 13/03/2023, 19:15:22 UTC
Liquid and RSK use 1:1 tokens with Bitcoin, not Bitcoin. Lightning on the contrary yes. I don't know of any layer 2 on Ethereum that doesn't use ETH for commissions. Polygon is sidechain, layer 2 rollup is under construction.
At no time have I talked about decentralization or recommended buying anything.
Post
Topic
Board Development & Technical Discussion
Re: Layer 2 Vs Sidechains
by
Nefelibato
on 13/03/2023, 11:43:56 UTC
Could we say that layer 2 always uses the native currency of the mainnet?
For example, layer 2 of Ethereum, and that sidechain uses its own currency, its own consensus algorithm...
Post
Topic
Board Development & Technical Discussion
Merits 1 from 1 user
Topic OP
Selfish Mining
by
Nefelibato
on 01/03/2023, 22:04:18 UTC
⭐ Merited by Welsh (1)
I have been reading about selfish mining and I have some doubts, since the information is very scattered. What percentage of computing power is required? Is there any way to detect it? What would happen if all miners were selfish miners?
Post
Topic
Board Development & Technical Discussion
Re: Blockchain reorganization attack
by
Nefelibato
on 27/02/2023, 18:11:08 UTC
Ok, thank you all.
Post
Topic
Board Development & Technical Discussion
Re: Blockchain reorganization attack
by
Nefelibato
on 25/02/2023, 16:28:46 UTC
The explanation listed here as reorganization attack does not require 51%? I don't understand.

https://en.bitcoin.it/wiki/Irreversible_Transactions#Blockchain_reorganization_attack
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] |KOINOS| 1st truly feeless blockchain
by
Nefelibato
on 22/02/2023, 19:53:07 UTC
· Top team
· Zero network fees using mana recharge
· Proof of Burn, more efficient than POW and more secure than POS
· Multilanguage programming
· Low supply that can generate moments of deflation thanks to PoB
· Modular, no hardforks
· Really decentralized, no ICO

If you know the ecosystem you know it. Development tool about and DEX coming soon. Just enjoy the ride.
Post
Topic
Board Development & Technical Discussion
Merits 2 from 2 users
Topic OP
Blockchain reorganization attack
by
Nefelibato
on 22/02/2023, 19:30:26 UTC
⭐ Merited by Welsh (1) ,vapourminer (1)
Are a blockchain reorganization attack and a 51% attack the same thing? Is 51% of the hashing power necessary for a reorg attack?
Post
Topic
Board Development & Technical Discussion
Re: Layer 2 Vs Sidechains
by
Nefelibato
on 19/02/2023, 10:52:40 UTC
Difference between fusion and synchronization. I think it is well explained here.

https://ethereum.org/en/developers/docs/scaling/sidechains/
Post
Topic
Board Service Discussion
Re: 2023 List Bitcoin Mixers Bitcoin Tumblers Websites
by
Nefelibato
on 07/02/2023, 13:41:40 UTC
OK. So Coinjoin we can consider it decentralized, I guess that's the main difference.
Post
Topic
Board Development & Technical Discussion
Re: Layer 2 Vs Sidechains
by
Nefelibato
on 07/02/2023, 13:39:06 UTC
Well, because it has its own chain with its own consensus, it does not depend on the security of the main chain. If it merges with the main chain it is no longer a sidechain. Polygon is another example of a sidechain.
Post
Topic
Board Service Discussion
Re: 2023 List Bitcoin Mixers Bitcoin Tumblers Websites
by
Nefelibato
on 04/02/2023, 15:47:01 UTC
Why is Coinjoin not considered a mixer?
Post
Topic
Board Development & Technical Discussion
Re: Layer 2 Vs Sidechains
by
Nefelibato
on 04/02/2023, 15:42:23 UTC
Your security doesn't depend on layer 1, that's the main difference.
Post
Topic
Board Development & Technical Discussion
Re: Layer 2 Vs Sidechains
by
Nefelibato
on 20/01/2023, 17:41:05 UTC
My opinion is that Bitcoin requires 4 main characteristics, decentralized, secure, fast and cheap. DeFi and other things are fine in layers 2 and other protocols.
Post
Topic
Board Development & Technical Discussion
Re: Miner activated hard fork (MAHF)
by
Nefelibato
on 19/01/2023, 19:13:47 UTC
Another option to improve scaling would be sharding.
Post
Topic
Board Development & Technical Discussion
Re: Layer 2 Vs Sidechains
by
Nefelibato
on 19/01/2023, 19:12:17 UTC
Sidechains are not protected by Layer 1 and they have their own consensus, unlike Layer 2.

And if we also introduce the State channels in the comparison? I deduce that they are pay channels. Are they not the same as an atomic swap?

No, atomic swaps take place across blockchains.
[/quote]
The Technology Behind Atomic Swaps
A valid transaction requires a signature. This signature can only be created by the person that has access to the private key. When you send a transaction you usually sign it and broadcast it to the network afterward. HTLCs are based on a technology called state channels. All you need to know is that they allow you to exchange signed transactions securely. Only once the participants decide they are done transacting, the final state is broadcast to the blockchain.

The “Hashed” part of HTLC means that a hash serves as a lock for the contract, to protect it from a third party accessing it. The “Timelock” part refers to the contract having an expiration date.

Two conditions must be met to perform an Atomic Swap between two crypto assets: Both assets and their underlying blockchain need to support the same hashing algorithm, like SHA-256 in the case of Bitcoin and both blockchains need to support some kind of programmability that allows an HTLC to be deployed.
Post
Topic
Board Development & Technical Discussion
Re: Layer 2 Vs Sidechains
by
Nefelibato
on 19/01/2023, 12:21:29 UTC
Based on what I have read I think this is the main difference:
A sidechain is an independent, EVM-compatible blockchain that runs parallel and interacts with the mainnet through bridges. As they use a separate consensus mechanism and are not secured by layer 1, they are not technically considered layer 2.
And if we also introduce the State channels in the comparison? I deduce that they are pay channels. Are they not the same as an atomic swap?
Post
Topic
Board Development & Technical Discussion
Topic OP
Layer 2 Vs Sidechains
by
Nefelibato
on 18/01/2023, 22:06:54 UTC
What is the difference between a Layer 2 and a Sidechain? I have not found any article that distinguishes them well.