hey @chaosdao.bsky.social whats up?

now you know.
#Polkadot #JAM #GavinWood

Example: Gavin Wood's JAM Grey Paper (2023) introduces a modular execution model for Polkadot, enhancing scalability, separating consensus, execution, and data availability, and improving interoperability across blockchains.

Grey Paper

What it is:
A grey paper is a speculative or early-stage proposal. It presents ideas that are not yet fully implemented and invites community feedback.

Example: Gavin Wood’s Ethereum Yellow Paper (2014) provides formal definitions of the Ethereum protocol, including the Ethereum Virtual Machine (EVM), transaction processing, gas mechanisms, and consensus algorithms, specifying how smart contracts are executed and validated.

Yellow Paper

What it is:
A yellow paper is the technical specification of a project. It includes formal definitions, algorithms, and mathematical models, targeting developers and researchers.

Example:
Satoshi Nakamoto published the Bitcoin White Paper in 2008 to introduce the idea of a decentralized peer-to-peer electronic cash system or Vitalik Buterin published the Ethereum White Paper in 2013 to introduce his vision for a decentralized platform.

White Paper

What it is:
A white paper presents the vision, problem, and theoretical solution of a project in an accessible way. It's aimed at a broad audience like investors, users, or partners.

Grey Paper

What it is:
A grey paper is a speculative or early-stage proposal. It presents ideas that are not yet fully implemented and invites community feedback.

Example: @gavofyork’s Ethereum Yellow Paper (2014) provides formal definitions of the Ethereum protocol, including the Ethereum Virtual Machine (EVM), transaction processing, gas mechanisms, and consensus algorithms, specifying how smart contracts are executed and validated.

Yellow Paper

What it is:
A yellow paper is the technical specification of a project. It includes formal definitions, algorithms, and mathematical models, targeting developers and researchers.

Example:
Satoshi Nakamoto published the Bitcoin White Paper in 2008 to introduce the idea of a decentralized peer-to-peer electronic cash system or @VitalikButerin published the Ethereum White Paper in 2013 to introduce his vision for a decentralized platform.

So please tell me if the point of blockchain technology is to have decentralized security, web2 like TPS, viable scaling mechanism, and be able to do anything a regular computer can do

It’s literally the best in every single one of those categories

#Polkadot #DOT #JAM

it will become the only blockchain in existence to run single transactions in parallel

7️⃣ it will be the first chain to achieve off-chain scaling that retains 99.9% of the same security as polkadots on-chain security

5️⃣ polkadot will be able run every programming languages to exist or be created

6️⃣ you will only need ONE single wallet address to interact with every parachain or programming language to exist

3️⃣ It has highest recorded on-chain TPS @ 143,000, while using only 23% max capacity
> that’s 550% higher than the 2nd place chain ICP

4️⃣ It can literally host entire other blockchains & fully secure them. making those blockchains the most decentralized blockchains to exist as well

1️⃣ Polkadot the most decentralized blockchain to exist.
> It’s 575% more decentralized than 2nd most decentralized blockchain.
& 688% more than 3rd place, Cardano

compared to every other blockchain to exist:

2️⃣ It has the cheapest transaction cost ($0.006) for sending USDT or USDC

Read this and then please explain to me how people are possibly hating on Polkadot❓

It’s 100% verifiably the best blockchain in every single critical category that exists

a short summary and shout out to @Bitcoinovercas1

Home Page - Project Liberty Project LibertyTM is leading a movement of people who want to take back control of their lives in the digital age by reclaiming a voice, choice, and stake in a better internet.

www.projectliberty.io

Frequency’s User Boom: 30M from Blue Sky, TikTok Plans & Polkadot’s Future - Space Monkeys 182 YouTube video by The Kus

👀 Bluesky fully decentralized on chain?

only possible on #Polkadot

the path in a #WEB3 is a ahed with #DOT.

youtu.be/0TYizHD08wU?...

- 341 cores × 12 MB = 4,092 MB/block (or approximately 4GB/block).
- In Polkadot, 1 block takes around 6 seconds. Therefore:
4GB ÷ 6 seconds = 683.33 MB/second
Est TPS:
1 MB = 1,048,576 bytes
TPS = (683.33 MB × 1,048,576 bytes) ÷ 250 bytes
TPS ≈ 2,862,385 TPS

⭕️ #Polkadot is crazy goid tech. qed

Mitigation

Solutions include private transactions, order batching, and anti-front-running tools.

These aim to protect users and reduce MEV risks by limiting bots' ability to manipulate transaction order.

Example

User plans to buy 100 tokens at $10.

Bot buys 10 tokens at $10 (price rises to $11).

User buys 100 tokens at $11 (price rises to $12).

Bot sells 10 tokens at $12, profiting $2 per token.

Back-Running

After the user's large trade raises the price further, the bot sells its tokens at the inflated price, locking in profits.

This harms users by making their trade more expensive.

Front-Running

The bot detects a large buy order and submits its own buy order first at the current lower price.

This drives the asset's price up before the detected transaction executes.

A sandwich attack with an MEV bot exploits pending transactions to profit by manipulating prices.

The bot spots a large pending trade, places its own trades before and after it, and capitalizes on the price movement caused by the user's transaction.

MEV bots on #Solana exploit network efficiency for profit but risk harming fairness and user trust.

While innovative, unchecked MEV extraction may undermine decentralization, urging the need for safeguards like anti-MEV protocols to balance incentives and network integrity.

Challenges and Ethics

Complexity: High transaction throughput makes detecting MEV harder.

Competition: Many bots fight for the same opportunities, reducing profits.

Fairness: MEV often harms network equality, prompting anti-MEV solutions.

#Solana’s Unique MEV Landscape

Low Latency: Solana’s high-speed architecture benefits MEV bots by enabling faster execution.

Low Fees: Cheap transactions make even small MEV profits viable.

PoH Challenges: Reordering transactions is harder than on Ethereum.