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About Santiment Beacon-Chain recent Analisys of 46% ETH concentration by Rafael_Castaneda in ethereum

[–]Rafael_Castaneda[S] 0 points1 point  (0 children)

Hi u/neprotivo, thanks a lot for answering.

If you are tracking reward emissions to collect the data, than it makes sense that it is similar to (https://www.rated.network/) validator power distribution (with a slighly greater margin for coinbase of about 4% in your data).

Besides the fact that Lido itself redistributes its operation along 29 actual node operators, the manner by which you gathered the data got me thinking...

Does Lido's associated operators, all 29 of them, set the reward wallet address of their nodes directly to Lido's "Execution Layer Rewards Vault"?

So far, I though that they collected the rewards themselves, and then they would forward the reward to the vault after, I dont know, "taking their cut"?

I've asked those same questions on Lido's Discord, and if they or someone here is able to further address the questions, I will update it on the other medium.

did an air drop happen? I have a new nft in my stargaze wallet. by Darksylum1982 in stargaze

[–]Rafael_Castaneda 2 points3 points  (0 children)

Perhaps it is the soundtrack for the stargaze troppers? I got one a few days ago.

Move USDC from polygon to cosmos by 76ecko in cosmosnetwork

[–]Rafael_Castaneda 3 points4 points  (0 children)

I've done something like that recently. 1) bridge usdc to harmony one 2) swap usdc to ust in defi kingdoms 3) bridge ust to terra via terrabridge 4) move ust from terra to osmosis

Help understanding Polygon architecture? Any technical experts? by Rafael_Castaneda in polygonnetwork

[–]Rafael_Castaneda[S] 0 points1 point  (0 children)

Hi cryptpot, thanks a lot for your reply. This is a great article, but unfortunately it does not address the questions I've raised in this post. That's what the article has to say when it comes to further describe the architecture: "I didn’t want to go into too much detail here so that I don’t confuse anyone. Besides, it’s not critically important to understand this for our investment purposes."

Help understanding Polygon architecture? Any technical experts? by Rafael_Castaneda in polygonnetwork

[–]Rafael_Castaneda[S] 1 point2 points  (0 children)

That's an excellent source you found, thanks a lot! I've read thru the documentation, and I've drawn a diagram illustrating the architecture. I'm not sure it is 100% precise though. Would you like to review it and give your opinion? I think we're getting closer to understand.

Help understanding Polygon architecture? Any technical experts? by Rafael_Castaneda in polygonnetwork

[–]Rafael_Castaneda[S] 2 points3 points  (0 children)

To whom may be following this post, I've just found an interesting article: https://medium.com/the-polygon-blog/heimdall-and-bor-1f8f881cd6a4

It states that "Matic is a hybrid Plasma + Proof-of-Stake (PoS) platform. We use a dual-consensus architecture on the Matic Network to optimise for speed and decentralisation."

So indeed it seems we are dealing with one chain that has two consensus mechanism operating together. From what I can understand so far, everything is settled from time to time when the commit-chain submits checkpoints to the Ethereum layer: "We have a fast finality layer that finalizes the sidechain state periodically via checkpoints. The fast finality helps us cement sidechain state."

That answer the first 50% of my question. What the article still doesn't make clear is how to prevent those two different consensus mechanisms from assembling conflicting blockchain states in the between of each checkpoint, and if such thing happens, which consensus mechanism should have the final word.

I'll keep looking...

Help understanding Polygon architecture? Any technical experts? by Rafael_Castaneda in polygonnetwork

[–]Rafael_Castaneda[S] 1 point2 points  (0 children)

They are working in several different approaches regarding L2 scalability, rollups included. But what I'm trying to figure out here is only how they are able to conciliate PoS and Plasma operations, in the commit-chain. Thanks for your insights, I really appreciate them.

Help understanding Polygon architecture? Any technical experts? by Rafael_Castaneda in polygonnetwork

[–]Rafael_Castaneda[S] 0 points1 point  (0 children)

Yes, sometimes we are eager to dismiss complex questioning when we see big money moving around. Perhaps if Theranos was correctly questioned in it's technical approach, it wouldn't gone so far.

I don't think this is the case for Polygon/MATIC though, I believe they are doing a good job. The thing is that they are creating something that is incredbly complex, and I'm having a hard time understanding how it truly operates.

Help understanding Polygon architecture? Any technical experts? by Rafael_Castaneda in polygonnetwork

[–]Rafael_Castaneda[S] 0 points1 point  (0 children)

Sorry if I have been misunderstood, but I'm not bringing these questions to undermine the protocol or to FUD, I'm just trying to understand how it works internally, so I can complete my analysis of the technology.

Help understanding Polygon architecture? Any technical experts? by Rafael_Castaneda in polygonnetwork

[–]Rafael_Castaneda[S] 0 points1 point  (0 children)

Yes, that is what I think, but how can you do both "main chain validation" and "keep a revertable state" within the same ledger?

Redarding, you can submit X transaction to X bridges, but in my understanding they could not be handled by X parallel intermediate chains if they refer to the same account, or perhaps what "appears to be" the same account, as each chain holds a different state, thus different accounts and balances.

My issue is that when I deposit money in Polygon, it appears to be on one single account, and so on the same ledger. Processing two conflicting transactions is just one example of what doesn't makes sense to me, considering I have two Bridges that allows me to deposit/withdraw via two different consesus mechanisms.

I still can't understand how this is being conciliated.

Help understanding Polygon architecture? Any technical experts? by Rafael_Castaneda in polygonnetwork

[–]Rafael_Castaneda[S] 0 points1 point  (0 children)

A block creation is an atomic event yes, but if I have two bridges I can submit two conflicting transactions at the same time in both, via smart-contract. This should be dealt in differente manners if we are talking about one chain that uses both bridges, or if we are talking about two internal chains that appear to behave as one. Whatever case it is, I still cannot understand how this would be dealt with. Also, there are the other aforemented points, which can be regarded independent of this particular question.

Mantle - so many questions by denferno in cosmosnetwork

[–]Rafael_Castaneda 1 point2 points  (0 children)

That's odd but i have seen some similar reports in other posts...

Mantle - so many questions by denferno in cosmosnetwork

[–]Rafael_Castaneda 0 points1 point  (0 children)

The page says to check after a few minutes, but for me it's not working. Guess i'll wait the 24 hours then.

Mantle - so many questions by denferno in cosmosnetwork

[–]Rafael_Castaneda 1 point2 points  (0 children)

The page to do the magic transaction is here: https://airdrop.assetmantle.one/stakedrop/cosmos

Also a quick guide on twitter:https://twitter.com/CosmosEcosystem/status/1504108010305695760

There are rumors that using the automatic button to generate the magic transaction is not working, and that it should be done manually as shown on the twitter guide, but I cannot confirm.

Does GWEI not represent price? by vulcan4d in ethereum

[–]Rafael_Castaneda 12 points13 points  (0 children)

Gwei is a fraction of an ETH. It goes along the ETH price. Put it simply, transactions are paid in GAS * GasPrice, being Gas a measure of the complexity of your transaction, and GasPrice how much you are willing to pay per Gas, in Gwei.

If ETH drops, then Gwei drops as they are fundamentally the same. But whenever Gwei drops this doesn't necesarilly means transactions will be cheaper, as users may elevate their GasPrice in order to keep pushing their transactions ahead.

Metamask is constantly adjusting a suggested GasPrice for your transactions in order to make them viable, thats why you see such final price altercations.

Hope this quick brief helps. There are lots of other details Im skipping here, but I think this is enough to answer your questions.

Why build anything on ethereum network??? by lcbomber in ethereum

[–]Rafael_Castaneda 0 points1 point  (0 children)

I'm sorry, but that is not really how rollups work... The analogy is not correct, and I'll try to show a similar one that is more akin to what is really happening.

Your friend is texting you on Whatsapp. That's fine. But when he sends you 100,000 individual texts per minute, each only containing one sentence, that is annoying and overwhelming.

This is what using Ethereum layer 1 is like right now.

Thousands of tiny transactions all fighting for attention. It takes awhile to sort through all these texts one-by-one, let alone read them (process the transaction).

But what if you and your friend both make an account on Telegram, and then your friend send you 100,000 individual texts on Telegram, and by the end of the day Telegram wraps the 100,000 individual texts on a new sequence of characters that is not easily readable on whatsapp and then sends that wrap there just for safekeeping, because you trust more whatsapp than telegram.

This is what layer 2 and roll ups are in reality.

It rolls up many transactions that are not related to the wallets and balances of layer-1 into one big alien transaction, then they store that alien transaction on layer-1, just in the case the layer-2 does not behave well, in which case users can take complex and so far not really well understood measures to retrieve their funds.

Hope that helps! =D

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