NashQ retweeted
ty for the kind words mr. president
Readers added context they thought people might want to know
This video is generated by AI. President Trump never made such a statement. The author of this post failed to disclaim it as satire.
x.com/0xpolygon/stat…
NashQ retweeted
The amount of effort the Celestia research team puts into preventing accidentally enabling an AMM on Celestia L1 to keep fees low is fascinating
Some context on @unichain and L2s as it relates to gas markets👇
Apps want low, predictable gas fees
AMMs raise fees (fee floor = lowest profitable arb) and increase volatility (big market movements)
In the future, most apps won’t want to share block space w/ AMMs for this reason, it’s a bit like living with a hoarder
But AMMs are the best way to create onchain liquidity, and many apps will want to tap into them
This is where fast crosschain interop and unichain comes in
Many peoples mental models are a bit broken here because they view chains as having to be general purpose and think the most useful chains should have the most liquidity (some apps certainly will want to collocate w/ trading - just not most)
Also most chain devs WANT AMMs raising their fees bc it’s the thing that makes money today
But this is obviously directly the opposite of what end users and app developers want, which is ultimately more important
Anyways, unichain 🚀
NashQ retweeted
I'm not going to defend fundraising/VC environment between 2019-2024 and I have a lot of issues with how the industry works but I don't think we gave VCs particularly preferential treatment. The facts are:
1) It's easy to think that VCs got an easy ride by getting in at a low price in the seed round, but the reality is it took 6 months and 50+ calls before convincing a single person (@gpl_94, who was a college student who took a call in his dorm room) to commit to the seed round in 2020. Eth was $200 back then and the market was dead.
2) We did one of the best airdrop of the past two years that set the new airdrop meta that bought new life into airdrops (until HYPE raised the bar again), and are one of the only recent projects whose price is higher than TGE. The "stake TIA to earn more airdrop" meta pushed by airdrop influencers however was unfortunate but we never encouraged that or engaged with airdrop farming influencers.
3) There wasn't some conscious decision to allow staking rewards for locked tokens to be unlocked, this is just how it works for all proof of stake chains such as Solana, Sui, Aptos, etc, and is how it works by default in Cosmos staking module code which we didn't touch. If we were launching again today, sure we'd probably change how the default staking module works.
Ultimately all projects have short term ups and downs but I've been in crypto for 13 years and at Celestia for five years now and intend to stick around for many more years, if not decades, as we're all here for the long term. 🤷♂️
NashQ retweeted
This tweet reminded me we’re not dreaming big enough
come build deranged amounts of verifiable DA
cracked engineers of any background, please dm or apply
must be ok with debugging low level networking issues
preferably you believe in end user verification
NashQ retweeted
I'm excited to host @lzrscg on Buildstream #3! 🏗️📺
📱 Join us next Monday and learn how to build Next.js apps using @chopinframework with Celestia underneath
📺 Set your reminder youtu.be/B3JYlQooUuI
NashQ retweeted
A damn cool post by @NashQueue just dropped on the Celestia research forum that would:
1. Make light nodes even lighter by reducing header and sample sizes by 3x and up to 40% respectively
2. Make calculating the data commitments more efficient for full nodes
TL;DR
-- Celestia's block data is committed into namespaced merkle trees (NMT) which enables the generation of inclusion proofs over a specific namespace which is a useful feature for rollups.
-- Unfortunately NMTs come with additional overhead compared to a traditional merkle tree. They are slower to compute and the nodes in the tree are 3x bigger.
-- Nash's insight is that we don't need to commit the whole block as NMTs. Only the original data shares need that, the rest of the erasure coded "parity data" can be committed as vanilla MTs.
-- In addition to that, we only need to commit row roots as NMTs not columns in the 2D square. And we can sample over the normal MT columns which makes the size of sample proofs significantly.
There are many low hanging fruit to make the protocol faster and lighter. We are just getting started
NashQ retweeted
🚨Attention rejects🚨
Rejected Event will happen on 11th November in Bangkok
Top 10 rejects will have the chance to present on a stage
11-20th place will get rewards from our prize pool on @jokerace_io
@movementlabsxyz joined our forces to host Rejected ❤️
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with @CelestiaOrg underneath
NashQ retweeted
This is incredible. A Celestia light node is running in people's browser when they use the block Explorer.
When fully implemented, this will be the first decentralized explorer will be able to get data from a blockchain in a verifiable way without centralised RPC endpoints!
1/4 🚀 Excited to release Celenium v1.18
v1.18 embeds our @CelestiaOrg Light Node runner, powered by lumina.rs! 🌟
NashQ retweeted
my man brought receipts
I was not aware that MEV was leaking to Base. This now begs the question how sophisticated the MEV market is on Base and how transparent they are with it
In theory they could Cex/Dex Arb with themselves. Kind of insane to have sequencing rights for both
NashQ retweeted
Last talk of the day was from @NashQueue about ZK Accounts and how this is gonna Trojan horse tons of other cool features into celestia
I will also give a talk tomorrow at @modular_summit on ZK Accounts. It is mind-blowing what you can achieve with just a tiny primitive. Here is a sneak peak:
NashQ retweeted
Is @LightProtocol a rollup ?
32%Yes
24%No
11%A Secret Thrid Thing
33%Results
63 votes • Final results
NashQ retweeted
First Post/Idea: forum.celestia.org/t/achievi…
First Design Spec: forum.celestia.org/t/celesti…
My Take that Snark Accounts should do anything (bottom):
forum.celestia.org/t/customi…
NashQ retweeted
If you're interested in working on this, let me know to discuss additional grant opportunities 💪
There are several btc ZK rollup teams with the chops to build it out
(Someone could fork bitcoin with a prototype, that would be a great entry to the ongoing @CelestiaOrg hackathon 😉)
NashQ retweeted
It`s funny because it's true. I hereby offer my services and volunteer to explain @CelestiaOrg or the modular architecture using a whiteboard.
NashQ retweeted
Happy 3rd birthday, IBC!
Big thank you to ICF President @crainbf for hosting, and our fantastic guests @aaronxkong @Tristan0x15 @NashQueue @susevans @Ethereal0ne @AdiSeredinschi for bringing their perspectives to the future of IBC.
A special episode of Interchain Jam to celebrate 3 Years of IBC is starting in 1 hour!
Co-hosted by the Interchain Foundation President, @crainbf, and the ICF's IBC Product Marketing Lead, @merkle_1
Get ready to Jam with interchain contributors ⬇️
xitter.cf/i/spaces/1RDGllRyqRgGL