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phanaero's profile
Capt'n CryptObvious
Capt'n CryptObvious
Capt'n CryptObvious
@phanaero

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Capt'n CryptObvious

@phanaero

Phanæro-: apparent, obvious, duh — antonym of "crypto-". When not talking cryptocurrency, I tweet software @ngnghm, freedom @fare & work @MutualKnowledge

Co-Founder and CEO
mukn.io
Joined April 2018

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    1.  💻 🐴Ngnghm‏ @Ngnghm 11 Oct 2018
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      At the #Nervos deep dive in Palo Alto. Secure, Decentralized consensus is necessary slow. The solution to scaling is to decrease the demand for consensus by moving normal operations to layer 2.

      1 reply 0 retweets 3 likes
    2. Capt'n CryptObvious‏ @phanaero 11 Oct 2018
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      Replying to @Ngnghm

      (I'll keep subtweeting as @phanaero) @janhxie contrasts "on-chain state" systems like Bitcoin where transactions contain old state and new state and miners only verify, to "off-chain state" systems like Ethereum where transactions contain only events and miners compute.

      1 reply 1 retweet 1 like
    3. Capt'n CryptObvious‏ @phanaero 11 Oct 2018
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      Replying to @phanaero @Ngnghm @janhxie

      Jan claims that "on-chain state" is friendlier to layer 2 solutions, that can participate securely with light clients.

      1 reply 0 retweets 0 likes
    4. Capt'n CryptObvious‏ @phanaero 11 Oct 2018
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      Replying to @phanaero @Ngnghm @janhxie

      The layer 1 equivalent of a "contract" will then be a threading of successive states. Operating on such states is left as an exercise to other layers.

      1 reply 0 retweets 0 likes
    5. Capt'n CryptObvious‏ @phanaero 11 Oct 2018
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      Replying to @phanaero @Ngnghm @janhxie

      The Nervos CKB-VM is a RISC-V interpreter written in Rust. A hardware ISA means that the VM design will be more stable and more obviously universal than an ad hoc VM like EVM or eWASM, with fewer need to fork.

      1 reply 0 retweets 0 likes
    6. Capt'n CryptObvious‏ @phanaero 11 Oct 2018
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      Replying to @phanaero @Ngnghm @janhxie

      You can implement crypto primitives in C or RISC-V assembly and have acceptable speed. Common primitives can be accelerated via JETs as in Urbit or Simplicity.

      1 reply 0 retweets 0 likes
      Capt'n CryptObvious‏ @phanaero 11 Oct 2018
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      Replying to @phanaero @Ngnghm @janhxie

      The native asset of Nervos is the Common Knowledge Byte, that allows you to store data. You pay for transaction fees in terms of state capacity with cycles of RISC-V (with a floating cycle price just like the Ethereum GAS price).

      8:21 PM - 11 Oct 2018
      1 reply 0 retweets 0 likes
        1. New conversation
        2. Capt'n CryptObvious‏ @phanaero 11 Oct 2018
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          Replying to @phanaero @Ngnghm @janhxie

          Nervos uses PoW, still the only proven approach for decentralized participation, and is good for data availability.

          1 reply 0 retweets 0 likes
        3. Capt'n CryptObvious‏ @phanaero 11 Oct 2018
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          Replying to @phanaero @Ngnghm @janhxie

          Nervos also uses Nakamoto Consensus to optimize network bandwidth usage. It will have a way to not repeat transaction twice, when initially broadcast from users to miners, then broadcast as mined blocks from miners to users.

          1 reply 0 retweets 0 likes
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