The Illuminati Weekend Reads 📚👨🏫
Bored during Easter? Our reads are your saving grace.
Russian DeFi
April 08, 2023
The Illuminati Weekend Reads 📚👨🏫
You can't be so sure about the next big thing in the ever-evolving world of cryptocurrency and blockchain.
The best shot is to stay up-to-date with these reads.
TL;DR 📑:
1. zkRollups are a layer 2 scaling solution for Ethereum but can introduce centralization risks. 💎
2. LSDs are increasing in popularity and market share and are responsible for 90% of crypto network valuations.💊
3. Multi-sig security improves security and prevents malicious attacks.💳
Reads📚:
Firstly, Noticed zkRollups are gaining popularity? As a layer 2 scaling solution for Ethereum, it's still a centralized prover and can introduce centralization risks. | See The Read 👨🏫
zkRollups require an off-chain prover to generate a succinct proof for a batch of transactions. But proof generation for complex smart contract transactions can be expensive, limiting functionality. | See The Read 👨🏫
Meanwhile; if you're lost with what zkTree is all about, take a look. zkTree is a tree structure where every node is a zk proof, recursively proving its children's zk proofs. | See The Read 👨🏫
With Shanghai coming to enable withdrawals, up to $185B worth of $ETH will be staked with liquid staking derivatives providers. | See The Read 👨🏫
LSDs have made promises of decentralization accounting for 90% of crypto network valuations. Market share is increasing for popular services like Lido, Rocket Pool & Frax. | See The Read 👨🏫
On Security, Multi-Sig tops the trend too. It improves security, prevents malicious attacks, and solves trust issues in cooperative asset management. | See The Read 👨🏫
There's a repository done by @theweb3hacker on solidity security for all looking for resources. | See The Read 👨🏫
Bitcoin miners are not out of the play. Did you know they claim to be an asset to grids? Although, some suggest it's not the best use of excess green energy. | See The Read 👨🏫
Blockchain networks must appear active and distribution must appear decentralized to enhance valuation. Some networks have taken the time to reward airdrop growers to accomplish this. | See The Read 👨🏫