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re: Official CryptoTalk Thread

Posted on 7/20/22 at 6:32 pm to
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43474 posts
Posted on 7/20/22 at 6:32 pm to
zkSync supposedly launching zkEVM in 100 days
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43474 posts
Posted on 7/20/22 at 6:37 pm to
Polygon announced their zkRollup as well, with a tentative launch time frame of "early 2023"

LINK



The future of Ethereum scaling is very, very close.


Im positioned with ETH, MATIC, and i should be receiving some zkSync tokens when they airdrop


Lfg
This post was edited on 7/20/22 at 6:38 pm
Posted by 21JumpStreet
Member since Jul 2012
14774 posts
Posted on 7/20/22 at 6:40 pm to
Can you explain why this is a big deal vs just developing on zcash for example, which uses zero knowledge?
Posted by JayDeerTay84
Texas
Member since May 2013
9853 posts
Posted on 7/20/22 at 7:03 pm to
(no message)
This post was edited on 7/20/22 at 7:04 pm
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43474 posts
Posted on 7/20/22 at 7:16 pm to
zkEVM.. smart contracts.. zkRollups themselves arent privacy focused (unless they make them so).

One of the advantages of ZK Rollups over Optimistic Rollups is that, instead of publishing all the transaction data, ZK Rollups can publish only state diffs, thus making less storage changes.

Other rollups, like Arbitrum and Optimism, have a 7 day finality before txs are settled on ethereum.. zkrollups are hours.
This post was edited on 7/20/22 at 7:42 pm
Posted by Catfishmt
SW MT
Member since Nov 2017
101 posts
Posted on 7/20/22 at 7:59 pm to
(no message)
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43474 posts
Posted on 7/21/22 at 5:43 am to
A good twitter thread describing rollups and their differences

LINK
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
11241 posts
Posted on 7/21/22 at 8:06 am to
Excellent read Hulk.

I don't mean to sound like a homer, but it makes me even more pumped for Pulse. You don't have to do any of that extra stuff or have any of those issues on Pulse.
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43474 posts
Posted on 7/21/22 at 9:02 am to
Eh I wouldn't be so sure in the long term. Most alt-L1s will likely move to a rollup-centric roadmap over time. If we really get mainstream adoption, the world needs a shite ton of block space. This especially true for Pulse as an ETH fork. AVAX has subnets for scaling, which kinda-sorta act like built-in rollups.

But definitely not in the short term
This post was edited on 7/21/22 at 9:18 am
Posted by viv1d
Member since Aug 2017
1713 posts
Posted on 7/21/22 at 9:23 am to
Anybody use Strike app? Just found out about it, no fees to buy bitcoin and apparently you only pay the bitcoin lighting network fee to withdraw it to cold storage. Seems like good way to keep fees low for DCA. I'm just wondering how it's sustainable for the app.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81737 posts
Posted on 7/21/22 at 10:26 am to
quote:

Anybody use Strike app? Just found out about it, no fees to buy bitcoin and apparently you only pay the bitcoin lighting network fee to withdraw it to cold storage. Seems like good way to keep fees low for DCA. I'm just wondering how it's sustainable for the app.
It is the only way I have purchased bitcoin for about the last year. I wish I could invest in their company - it is revolutionary what they are doing with cross border payments.
Posted by 21JumpStreet
Member since Jul 2012
14774 posts
Posted on 7/21/22 at 12:52 pm to
You have a ledger right? What's the best route if you were to sell to get fiat in your bank account?
Posted by viv1d
Member since Aug 2017
1713 posts
Posted on 7/21/22 at 2:10 pm to
You'd have to send it from the ledger back to an exchange, Coinbase pro, gemini, binance.US ect.
Posted by boomtown143
Member since May 2019
9407 posts
Posted on 7/21/22 at 2:20 pm to
quote:

Eh I wouldn't be so sure in the long term. Most alt-L1s will likely move to a rollup-centric roadmap over time. If we really get mainstream adoption, the world needs a shite ton of block space. This especially true for Pulse as an ETH fork. AVAX has subnets for scaling, which kinda-sorta act like built-in rollups.

But definitely not in the short term


That's so far off for pulse. Richard has stated he already has plans for when that time comes....a looooong time from now.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81737 posts
Posted on 7/21/22 at 2:22 pm to
quote:

You have a ledger right? What's the best route if you were to sell to get fiat in your bank account?
I use a Coldcard now and run my own node. Just a more beefed up level of security for a cold storage, probably overkills. Nevertheless, I'd go through the same process as if I still used my Ledger - send BTC to an exchange or Strike, sell BTC, transfer proceeds to bank. Would take a total of about 5 minutes
Posted by LordSaintly
Member since Dec 2005
40713 posts
Posted on 7/21/22 at 2:36 pm to
quote:

i should be receiving some zkSync tokens when they airdrop


Did they ever publish their criteria for the airdrop? I haven't done much other than use their test net.
Posted by 21JumpStreet
Member since Jul 2012
14774 posts
Posted on 7/21/22 at 2:48 pm to
Ok thought there might be a different/better way since these exchanges are pausing/taking a long time for withdrawals.

Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43474 posts
Posted on 7/21/22 at 5:23 pm to
No its all speculation.

I have funds in an argent wallet and use zksync, and im going to start doing some smart contract testing on 2.0 testnet
Posted by viv1d
Member since Aug 2017
1713 posts
Posted on 7/22/22 at 11:45 am to
Does anybody know if there are credit card processing companies that are working on implementing the lightning network for businesses? 3% credit card fees for the company I work for is a substantial fee. Would be nice if someone was able to implement something below 1%.

I know Strike can do it, but we would need a way to store credit cards and process them in bulk once a month.
Posted by MikeHatesPETA
Member since Apr 2017
106 posts
Posted on 7/25/22 at 12:08 pm to
All quiet in the crypto thread... the bubble finally pop with all these companies tanking? We tried to tell you guys.

I know you Hex and pulse bros like to hold out hope that those will save you but hex is getting crushed and pulse still doesn't exist. "pulse is going to retire us"
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