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The Web3-focused research & development arm of digital wealth platform @YieldApp

Joined July 2022
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The Bedrock Upgrade is now live on the #Optimism, designed to enhance the scalability and efficiency of the network and unlock a better user experience for widespread adoption and growth. $OP $ETH nitter.gq/optimismFND/status/166…
Replying to @Optimism
✅OP Mainnet’s migration to Bedrock has concluded and the Bedrock sequencer has started up. Key external OP Mainnet infrastructure is starting to come back online. You can track infrastructure status here: notion.so/oplabs/External-OP…
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Bedrock's modularity empowers Optimism with seamless component swapping and support for diverse execution layer clients. This adaptability ensures long-term viability by enabling dynamic proof mechanisms and readiness for upcoming Ethereum ecosystem developments. 5/
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The Optimism Upgrade is a significant leap for ETH and #DeFi. By enhancing scalability it opening new possibilities for developers, users, and businesses. This crucial upgrade drives the adoption and mainstream acceptance of decentralized finance. 6/
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It has been over a week since the Shapella event, marking the completion of Ethereum's most recent hard fork. This has enabled stakers to access previously locked rued consensus layer rewards and their 32 Ether initial node collateral, providing liquidity. #ETH #Shapella
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Shapella has been a derisking event for all types of stakers. Act of staking has now become a bidirectional gateway. Up until now only LSDs had provided liquidity on stake. Now solo staking and staking services are viable options for ETH holders and will become more popular. 7/
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It can be asserted that the Ethereum hard fork has been a remarkable triumph, enabling access to liquidity and enhancing network security. The next major upgrade for ETH is Proto-Danksharding EIP-4844, scheduled for start of 2024, designed to solve major issues of scaling. 8/
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Ethereum's upcoming mainnet milestone, known as the Shanghai upgrade, is expected to be the next significant driving force for the #cryptocurrency market. We analyze why this event is significant and its potential implications for the market 👇🧵 #ETH #Shanghai
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Final thoughts: Regardless of what happens with the asset price, the withdrawals going live will mark the end of the Merge chapter for Ethereum. Prior to the Merge the avg. ETH PoW block reward was 11,500 ETH per day, while the shift to PoS has made it deflationary. 12/
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With this milestone achieved, developers will be able to shift their focus towards addressing scaling problems, UI issues (like account abstraction), and network centralization, including MEV-related problems such as Proposer Builder Separation (PBS). 13/
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