The next releases on the MultiversX protocol going to rewrite everything we have known about how decentralised public ledger can be developed and upgraded. This is major innovation. From one-block finality to one-shot finality. From synchronous consensus to asynchronous execution. From 6s block times to sub-second finality. From single threaded execution to parallel processing. From cross-shard messaging to cross-chain messaging. All this while being sharded, being decentralised, running >3.2K nodes. This is a feat never tried before. The biggest upgrades to any protocol cannot be compared to this. Building with rocket speed. Up and onwards for 2025.

Sovereign Shards is a major technological update for all the appChains in the #blockchain industry. This is a revolution which can be only done on #MultiversX. And everything was started in 2018 when we first theorised Sharding, implemented first cross shard processing in 2019 and continued in 2020 when the $ESDT token system was born. On xDay 2023 we announced the first version, alpha release, and demonstrated the power of the sovereign shard architecture and the seamless integration between the main-chain and any custom appchain. Today, we can say, that an alpha+ release is planned for February, which will contain the followings: 🔹Fully featured sovereign shard binary with configurable genesis, validator set, block time, gasmodel, ESDTs, guardians, systemVM and WASMVM 🔹Setup any ESDT as base token/gas token, and all token transfers will be ESDTs 🔹NO BRIDGE Seamless cross mainchain to sovereign shard transactions, making any sovereign shard as an extension to the current ecosystem. This is the first solution to create custom appChains which are connected to the mainchain without the need for any bridge, as the processing model used is the one from the cross-shard module, battle tested and validated in the last years. This mean, no wrapping contracts, no lock and mint, burn and mint, simply transfer. Built in complete composability enshrined in the protocol (this is a forgotten primitive in Ethereum L2s). A few companies are already working with launching their own sovereign shards, tagged them in the picture. If you know others, feel free to tag them in a reply.

Why #MultiversX ? When we say we are building/have built the best overall #blockchain , people get suspicious and they rarely read the next lines. In 2018-20, everyone said ElrondNetwork cannot build a sharded chain, as they are not a stellar team. Some stellar teams from back than have left the crypto space. But we delivered. Now let enumerate a set of existing features, of the protocol only: 1. Decentralised network. >3200nodes. 2nd after ETH. 2. Secure. Provably secure, resolve theoretical and practical attack vectors. Acknowledged by auditors and researchers. 3. No downtime. 4. No shard takeover attack. 5. Scaling horizontally through sharding. 6. Super fast. 30K TPS in current setup. 7. No wallet drains. 8. ESDTs - the best token standard out there for Fungible, NonFungible, SemiFungible, DeFi assets, everything. Launch permissionlessly. These are native assets, as powerful as those but customisable. 9. Best composability. TransferAndExecute + BackTransfers. Every integration of a new contract and asset is easy. 10. SovereignChain SDK 11. SpaceVM - the fastest and most secure VM, running on top of WASM, provably fastest and with most OPCODES for builders 12. Integrated DNS on protocol level, Herotags. 13. Guardians - on-chain 2FA, a secondary key to protect your funds. 14. Asynchronous calls. 15. Cross shard transfers, execution, reverts, calls 16. Staking system. 17. Validator system. 18. Built in Delegation and Staking Provider system. >125K delegators. 19. Complete support for Liquid Staked assets, making those help decentralisation rather than centralisation. 20. On-chain governance 21. TransferRoles for ESDTs and complex operations. 22. Composable tasks on-chain. 23. MultiTransfer and execute of assets. 24. Re-entrancy protection by design. 25. More than linear storage for ESDT assets. 26. No overflows. Integrated safeMath. 27. Integrated Crypto OPCODES on VM. 28. BigFloats, BigInts, BigDecimals. 29. No Sandwich attacks. Front-running and MEV protection. 30. Relayed Transactions. 31. Smart Accounts - data tries and multiple built in functions. 32. Generalised Paymaster Solutions. 33. Subscriptions. Web2 usability with web3 functionality. Next in line - Vega Release: 1. StakingV4 - open markets for validators 2. MEV protection improvements 3. ReStaking for SovereignChains Intermediate release: 1. ESDT V2 - dynamic ESDTs, best in class assets for games, tickets, dynamically evolving NFTs. 2. RelayedV3 - gasCost improvements, batching multiple TXs inside one relayed TX, multi user support 3. SECP256R1 crypto OPCODE - enables SC based Accounts which are controlled through passkeys from phones - complete Web2 experience in Web3. 4. BLSMultiSigVerifier 5. SovereignChain enhancements, special OPCODE for cross chain operations, seamless interoperability Things to come: 1. Parallel execution - vertical scaling 2. 100K TPS 3. 3s blocks and 1s blocks 4. ConsensusV2 - more time for processing. 5. Finality improvements - same block finality 6. Reduction of cross shard processing time to 3s. 7. ZK everywhere. PI^2. Prove everything. 8. SovereignChains as interoperability layer. MultiVM setup with double settlements between different ecosystems. Ethereum, Bitcoin, Cosmos, Solana, Polygon and more. 9. AsyncV3. 10. Scaling the Merkle Tries or changing to new models. 11. Linear storage on the VM. 12. Dynamic Language Interpreter at VM. Every point from here can be dissected and a lot can be written about it. A lot of features which others are dreaming of, they are already live on mainnet. And much more is developed in order to become the base layer of the Internet. Explore, ask, create, add value. #itistimetobuild p.s. most probably I have forgotten a few things and also this is protocol only. Haven't wrote about the hundreds of things coming for each of the other products.

Significant progress on the next major steps for the @ElrondNetwork ecosystem: • NFTs for creative utility • Interoperability for cross-chain value flow • Staking Phase 4 to accelerate decentralization • The next DeFi services We're still very early. Weekly #elrondtech 🛠️

The pre-requisites for the Maiar Exchange have been deployed to the mainnet. With their activation, the @ElrondNetwork protocol advances to the next level of stability, security and performance, towards internet-scale DeFi. Weekly #elrondtech 🛠

Last 2 days of MultiversX: - @xPortalApp big upgrade, becoming a truly multichain wallet, and the best of them. - @Pell_Network was announced on @xLaunchpadApp bringing $BTC and $EGLD restaking - @vLeapGroup announcing and launching WARPS and incredible project creating links for any actions directly on chain, with inscriptions and for free. A couple of days ago: @xMoney_com on BinancePay and BinancePay on xMoney. Probably have forgotten a few things.

Thanks to the growing number of people who @getMaiar & engage with the @ElrondNetwork ecosystem, the number of accounts doubled to over 320k & we’re over 2.5M TXs, an unprecedented adoption level for a 6 months-young mainnet. #hypergrowth100 Day 40 Weekly #elrondtech ⬇️

ESDT tokens are LIVE on the @ElrondNetwork They use native protocol performance, to enable transfers that are orders of magnitude faster & more inexpensive than current implementations. Maiar Exchange will open up value swaps on a truly global scale. Weekly #elrondtech ⬇️

I don’t get how politicians do not understand basic math and game theory. Like what qualifications do they have or those who design these laws? Sending them back to game theory or basic economics would be good.

The game change is here 🔥 The new debit card from xMoney is powered by @xPortalApp. $EGLD everywhere. The time is now! Never stop believing. #itistimetobuild #powerofx #MultiversX

Stables incoming. Fully regulated ones, through @xMoney_com .

We have been relentlessly committing all our resources 24/7 to push the latest improvements & implement all the audit findings in preparation for the launch of the Maiar DEX. This is arguably the most important release since the @getMaiar app 4 months ago. Weekly #elrondtech 🛠️

#MultiversX now presents the gold standard of on-chain experience. 100% uptime, limitless scalability and unparalleled UX.But this is going to the next level.1s latency, 30k+ shard tps, sovereign appchains, ZK proofs & great tools for abstraction.Weekly #multiversxtech 🛠️

Step by step, methodically building what's missing, to cross past the critical tipping point of adoption. This has been our focus, and it will continue to be so. Weekly #MultiversXtech 🛠️

SovereignChains at the power X. A complete interoperability layer between #MultiversX and all the prominent ecosystems. Technically speaking SovereigChains will become L2s on Bitcoin, Ethereum, and will create bridgeless connections to Solana, Cosmos (IBC, ZKIBC) and others. Complex settlements being done in towards the connected chains. But this will be more, and the hint here is our ability to run multiple VMs in parallel in the same SovereignChain with direct composable actions between executors, all leveraging a higher module. We also have the examples with EVM already working. A well designed architecture, where you can run, launch and interoperate between multiple VMs, deploying any dApp for any language. Furthermore, it also means interoperability between tokens as well. Imagine deploying products from EVM/SVM/Cosmos/other chains on a SovereignChain and have those interact with already existing and new products from the MultiversX ecosystem. Be it tokens, NFTs, socialFi, games, DeFi. Can’t wait to share more specs with a link on Agora. Early next week. Couldn’t wrote it less technical. p.s. #itistimetobuild

Vote is needed if you consider #MultiversX the best L1 and/or #xPortal the best crypto wallet solution.

Nothing else to say: @xMoney_com <> @binance Seamless crypto payments for everyone.

Blockchain’s role at the intersection of tech forces is to be the trust layer for their implementation towards the benefit of humanity, with fair, transparent and near-instant access for everyone, everywhere. Weekly #elrondtech 🛠️

What do you do at ~11PM? We plan the future. A part of the tech leads are here and ~30 people in the house. Long discussions in the pipeline tonight.

xExchange & MEX 2.0 are LIVE on the @ElrondNetwork. This transition is not just a massive technical feat, but the beginning of a new chapter for DEX native liquidity tokens. Upgrading the rails of value exchange between worlds. Weekly #multiversxtech 🛠️

By opening the next $EGLD staking phase, a new important milestone was achieved. Our next focus has been on upgrading our API infrastructure to accommodate significantly larger loads and prepare for the staking queue update. The weekly #elrondtech progress 👇

What do we have here? Do you see the speeeeeeed? Technically: a SovereignChain running with ConsensusV2 and 600ms blocks. Just BUIDL!

Blockchain’s “killer app” has always been acting as an indisputable trust anchor. It is essential for conserving value, payments, finance, identity, the Metaverse & any other future applications, to have a real time, immutable anchor to reality. Weekly #elrondtech 🛠️

Teams are formed. Ideas discussed. How fast can the teams deliver? Will we see some things on mainnet by Tomorrow? The #MultiversX internal hackathon is underway.

The Jungle DEX go-live is not just a product launch, but an open door to real, raw innovation. The combination of Maiar DEX premium DeFi experiences and internet-scale blockchain tech, w/ a permissionless environment, will supercharge community-driven innovation. #elrondtech 🛠

I would say @beniaminmincu and @MultiversX

What to say more? SovereignChains inherit all the innovations MultiversX and they will also work as L2s for other ecosystems. Resolving EVM problems, resolving scaling issues, resolving security issues. And not only EVM, other VMs as well. Leveraging the multi year hardcore development to make #blockchain how it should be. Secure for builders and users by design. All powered by $EGLD with the Gravity ReStaking module. Who wants to build? Who wants to participate? Who wants to validate?

What are you doing? Squeeze it more. #EGLDSqueeze time!

The #SovereignChain economics is going to increase usage and staking of $EGLD. The designs enables, drives towards APR increase of stakedEGLD. More TVL on DeFi products and enhanced security of each custom appchain. I think we will see 20-30% APRs on stakedEGLD.

MultiversX now has: > 2 payment companies > 12 core products > 230+ team members > 5,300+ nodes > 30,000+ median daily users > 300,000+ median daily transactions > 1,893,600 minutes with 0 downtime > 17,482,923 EGLD staked > $400,000,000+ locked in DeFi > everything it takes to bring 1B+ people onchain And most importantly: a beautiful and extremely resourceful community with deep first principles thinking ❤️

ZERO downtime since 31st July 2020. #MultiversX

The process of bootstrapping a breakthrough architecture ready for global usage is hard, but remarkably insightful and benefical. The #MultiversX ecosystem is now ready to take dApp growth and user acquisition to the next level. Accelerating to lightspeed. #multiversxtech 🛠️

Once the resource pool becomes large enough, and live applications demonstrate a clear accumulation of utility and benefits, a snowball, suddenly, turns into an avalanche. The utility accumulation inside the MultiversX Ecosystem is quickly adding up. Weekly #multiversxtech 🛠️

EGLD Chain in 2025: 🔹Sub-second block finality (Q2-Q3) 🔹 2,592 million tx per day - LIVE 🔹 Gasless tx - LIVE 🔹 Smart wallet - @xPortalApp 🔹 1,657 days since mainnet - 0ms downtime 🔹 NO MEV 🔹 0 wallets drained 🔹 2FA on-chain 🔹 3,609 nodes 🔹 And more.. So much to build! With SuperNova we can have 60K TPS on the current setup. Or if we compute in gas ⛽️ it would be 1Billion Gas per Seconds per Shard. Pretty good numbers for a chain which can be run 🏃‍♂️ on the hardware of a smart fridge. 60K TPS = >5Billion Txs per day.

MultiversX <> ICP nitter.app/i/broadcasts/1yoKMyZOY…

SovereignChains docs and landing page is out, it is there for all the builders. If we build together, we can create more. Collaboration, composability. Let’s bring it back. Let’s change the game! multiversx.com/sovereign-cha…

SolanaX - A #Solana L2 Built on #MultiversX Sovereign Chains Technology, Bringing Everything We Love About Solana, Minus Wallet Drains, Congestion and Downtime Abstract Solana has become a vibrant hub for community experimentation with meme coins, fast DeFi applications, and a thriving NFT culture. However, the network faces significant challenges, including wallet drains, congestion, and downtime, which hinder its full potential.  To address these issues, we propose a Solana Layer 2 built on MultiversX #SovereignChains technology. This solution leverages advanced consensus mechanisms, high throughput, and robust security features to eliminate wallet drains, reduce congestion, and ensure continuous uptime, thereby enhancing the overall user experience and scalability of the Solana ecosystem. Introduction The SovereignChain SDK is the culmination of extensive development, research, and architectural design. It leverages advanced technologies from the MultiversX Layer 1 chain, providing a comprehensive package for developers to create new appChains. This package includes explorers, wallets, bridges, VMs, SDKs, and more, ensuring that SovereignChains inherit the innovative properties of MultiversX. Asynchronous Composability A new OPCODE for cross-chain asyncCall is added to SpaceVM, allowing contracts to call cross-chain other contracts and ensuring they receive results or funds in case of errors. This works best with WASM-based contracts written in SpaceCraftSDK. CrossChain AsyncCall: The SC on SovereignChain calls the crossChain asyncCall towards a Solana contract, including funds and execution.

Months of synergic efforts have come to life with the Inspire launch. Its modules are complementary pillars to the Elrond NFT landscape, set to increase the outreach and influx of resources for each community initiative. This is only the starting point. Weekly #elrondtech 🛠️

Make DeFi (truly) open finance again. Cheap to transact to not push users to custodians. Cheap to run nodes to self-verify truth. Cheap to create anything for an innovative free market. Weekly #multiversxtech 🛠️

What do we have here? @MultiversX integrated with @axelar live on devnet. It is always time to build more! The protocol is focusing on more scaling, lower block times, interoperability with all major ecosystems, developer and user experience. Just SHARD it!

BitcoinX - A Bitcoin Layer 2 Proposal Using #MultiversX Sovereign Chain Technology Bitcoin Layer 2 solutions, such as the Lightning Network, Stacks, and Rootstock, aim to enhance Bitcoin’s scalability and functionality by processing transactions off-chain. These solutions address Bitcoin’s limitations, including slow transaction speeds, high fees, and limited smart contract capabilities. However, common issues persist, such as reliance on centralized entities, complex interoperability, and security vulnerabilities. We propose building a Bitcoin L2 solution using MultiversX Sovereign Chains. Such a Bitcoin L2 can achieve unprecedented scalability and programmability without compromising its core principles of decentralization and security. Sovereign Chains enable native cross-chain operations, fast finality, and complex interoperability with other blockchain networks, including Ethereum. This architecture addresses the limitations of existing Bitcoin L2 solutions and provides a future-proof platform for developers to build advanced decentralized applications and financial systems on Bitcoin.

The @MultiversX path of progress remains undeterred.This week we have been all hands on bringing the Guardians feature live on mainnet, and finalizing the new launchpad implementation.Weekly #multiversxtech 🛠️

Just as a gradual rising tide lifting all ships, #MultiversX is gaining ground on more and more verticals. Spinning up the flywheel increasingly harder with every passing day. Weekly #multiversxtech 🛠️

Why #MultiversX ? When we say we are building/have built the best overall #blockchain , people get suspicious and they rarely read the next lines. In 2018-20, everyone said ElrondNetwork cannot build a sharded chain, as they are not a stellar team. Some stellar teams from back than have left the crypto space. But we delivered. Now let enumerate a set of existing features, of the protocol only: 1. Decentralised network. >3200nodes. 2nd after ETH. 2. Secure. Provably secure, resolve theoretical and practical attack vectors. Acknowledged by auditors and researchers. 3. No downtime. 4. No shard takeover attack. 5. Scaling horizontally through sharding. 6. Super fast. 30K TPS in current setup. 7. No wallet drains. 8. ESDTs - the best token standard out there for Fungible, NonFungible, SemiFungible, DeFi assets, everything. Launch permissionlessly. These are native assets, as powerful as those but customisable. 9. Best composability. TransferAndExecute + BackTransfers. Every integration of a new contract and asset is easy. 10. SovereignChain SDK 11. SpaceVM - the fastest and most secure VM, running on top of WASM, provably fastest and with most OPCODES for builders 12. Integrated DNS on protocol level, Herotags. 13. Guardians - on-chain 2FA, a secondary key to protect your funds. 14. Asynchronous calls. 15. Cross shard transfers, execution, reverts, calls 16. Staking system. 17. Validator system. 18. Built in Delegation and Staking Provider system. >125K delegators. 19. Complete support for Liquid Staked assets, making those help decentralisation rather than centralisation. 20. On-chain governance 21. TransferRoles for ESDTs and complex operations. 22. Composable tasks on-chain. 23. MultiTransfer and execute of assets. 24. Re-entrancy protection by design. 25. More than linear storage for ESDT assets. 26. No overflows. Integrated safeMath. 27. Integrated Crypto OPCODES on VM. 28. BigFloats, BigInts, BigDecimals. 29. No Sandwich attacks. Front-running and MEV protection. 30. Relayed Transactions. 31. Smart Accounts - data tries and multiple built in functions. 32. Generalised Paymaster Solutions. 33. Subscriptions. Web2 usability with web3 functionality. 34. StakingV4 - open markets for validators 35. MEV protection improvements 36. MultiVM with EVM and SpaceVM with atomic composability and seamless dev experience. 37. ESDT V2 - dynamic ESDTs, best in class assets for games, tickets, dynamically evolving NFTs. 38. RelayedV3 - gasCost improvements, batching multiple TXs inside one relayed TX, multi user support 39. SECP256R1 crypto OPCODE - enables SC based Accounts which are controlled through passkeys from phones - complete Web2 experience in Web3. 40. BLSMultiSigVerifier 41. SovereignChain enhancements, special OPCODE for cross chain operations, seamless interoperability Things to come: 1. Parallel execution - vertical scaling 2. 100K TPS 3. 3s blocks and 1s blocks, sub second blocks. 4. ConsensusV2 - more time for processing. 5. Finality improvements - same block finality 6. Reduction of cross shard processing time to under 2s. 7. ZK everywhere. PI^2. Prove everything. 8. SovereignChains as interoperability layer. MultiVM setup with double settlements between different ecosystems. Ethereum, Bitcoin, Cosmos, Solana, Polygon and more. 9. AsyncV3. 10. Scaling the Merkle Tries or changing to new models. 11. Linear storage on the VM. 12. Dynamic Language Interpreter at VM. 13. ReStaking for SovereignChains Every point from here can be dissected and a lot can be written about it. A lot of features which others are dreaming of, they are already live on mainnet. And much more is developed in order to become the base layer of the Internet. Explore, ask, create, add value. #itistimetobuild p.s. most probably I have forgotten a few things and also this is protocol only. Haven't wrote about the hundreds of things coming for each of the other products.

The Promise of MultiversX #MultiversX innovates the DeFi space and not only. You already heard how scalable the network is, how fast the VM executes and how SC are built using the RUST framework. We define more principles and see how they apply to the modern world of finance. True to the blockchain dream, all is about being permissionless (your keys, your funds), decentralized and open. Using the elements of smart accounts, build in tokens standards, enhances usability and composability. The #blockchain dream was about digital cash, so money with the same properties of cash. When transferring any kind of cash, there is no permission involved, and the sole decision for transferring is mine. Plus I do not have to execute any kind of contract to make the transaction. New Standards Now, we are getting somewhere. Looking at the parallels of cash, token first and foremost have to be in the users pocket, not in a 3rd party box (SC). And a transaction is always transferAndExecute, the standard we use for all token transfers. And all tokens are in your own packet, in your wallet, because of smart account and the ESDT token standard, which runs at the protocol level. This enables a big set of things: 1. Tokens scale with the system. 2. Faster, more TPS for token transfers. 3. No need to execute SC when making a transfer. 4. Payments are first class citizens which can travel through shards directly with txs. 5. >95% of the contracts can act alone, thus shard agnostic, all NFT marketplaces are working singularly, alone. 6. No impersonation (you will not receive scam tokens from Beni - like in ETH) 7. MultiTransfer - with any mix of tokens 8. No re-entrancy attacks. 9. No draining of user funds after phishing. The Power of Composability One of the challenges for developing robust and scalable financial systems is to ensure interoperability and compatibility among different platforms and applications. Building becomes easier and safer. Writing bad code gets HARD. DeFi building blocks can be integrated into another without the need of contract calls. One can create a liquid staking protocol, create a liquidity pool of LSEGLD-EGLD in multiple AMMs/CMMs, add farms, add extra staking. One can use complicated positions to enter into lending/borrowing. Mix and match all those. With 0 interaction between the contracts, all through the power of tokenization. The true resolve for the train-hotel-restaurant problem. All of them independent, safe and secure. And super fast. As all critical contracts can exist in different shards, crunching processing power there. This is the POWER of COMPOSABILITY, enabled by a well defined standard. One more fun thing, the SC has to return an error and all reverts, token transfers back to users are handled by protocol, even if the SC is executing a complicated stack. Building routers/hubs gets simpler as well, the developer can do multiple synchronous executions, waiting for results and crashing if one result is not ok. All tokens are reverted to initial state. Also makes UX much simpler, user does not have to make multiple approve transactions before finally calling the action. Just transfer and make actions atomically. Proxy-Dex contracts can stay in the same shard as a DEX, execute multiple user operations and crash at any time they want, all being reverted to user. Easy SC to SC calls with payments, backtransfers, safe token managements, safe vaults. Feature BackTransfer We found that we can help developers, by changing some of the paradigms regarding SC to SC execution with payments. On old VM (EVM/SVM/MoveVM) if parentSC called childSC and childSC transferred back tokens to parents it must have called a “deposit” function and parentSC had to register that deposit into a storage. After that childSC execution is finished, we get back into the execution of parentSC and we have to read from storage what kind of transfers the child did towards itself. Another problem with this, is if parentSC is not payable by SC and childSC does not call deposit, only transfers, the execution will fail. So we decided to change the paradigm: When parent SC calls childSC and childSC does a set of transfers to the parent, the payable check is skipped for the parent. The check is skipped even if the parentSC called with asyncCall the childSC and even if childSC is in another shard vs the parentSC. Technically speaking: All transfers without execution from childSC to parentSC are accumulated in a new structure called backTransfers. In the end the parentSC can do the following: <payments, results> = ExecuteOnDest(child). This makes DeFi legoblocks easier to create. The accumulated backTransfers can be read by the parentSC by calling the managedGetBackTransfers VM API. #EGLDSqueeze

The weekly #multiversxtech overview is here 🛠️ Our devs team had yet another productive week, check out the progress 👇

Tomorrow. 23rd of May. Insanely a lot to share.

MultiversX

A guide for builders on how to properly create and manage inscriptions on #MultiversX MultiversX is a decentralized blockchain network that aims to revolutionize the way we interact with payments, DeFi, NFTs, AI and everything in real world applications and virtual worlds. Inscriptions could play a crucial role in the vision, enabling the creation of a rich and immersive virtual environment. Also, they are a powerful tool in order to keep track of history, ownership and existence of authenticated data. Everything that is saved and authenticated on blockchain, cannot be rewritten further in the line. So history is going to be safe. Think about safely saving hashes/cryptographic proofs of videos, audios, books, any official documents. All of those are inscriptions, and are in such a form that complete data and verification is off-chain. Practically speaking inscriptions are already on the MultiversX chain, almost from day 1, we have serious companies using txData to save into history tracking (packets, data, certificates). Specifications ▶️ Inscriptions are unique and indivisible tokens that can store arbitrary data, such as text, images, audio, or even other inscriptions. The storage should be kept on the txData, not saved into the trie, making it cheaper. Authentication of the data will come from indexers or a set of smart contracts. ▶️ Inscriptions have a unique identifier, such as a UUID or a random number. This prevents duplication and ensures the integrity of data. The validity of uniqueness is the job of an off-chain process, or at creation time, the job of a Smart Contract. ▶️ Inscriptions are stored on the blockchain, ensuring immutability and tamper-proof data storage. When a transaction containing an inscription is executed on the chain (it might mean only a transfer from user A to B), the complete transaction is saved in the blockchain database as executed transactions. And using the txHash which can be seen on the blockHeader, any off-chain application can identify the inscription. This ensures that the data stored in inscriptions cannot be altered or deleted. ▶️ Inscriptions can be owned by users, allowing them to control and manage the data within. ▶️Inscriptions can be transferred between users, enabling the sharing and exchange of data. The ownership history of inscriptions can be traced back to their creation, ensuring transparency and provenance. This is essential for tracking the ownership and usage of digital assets. ▶️Inscriptions can be used to create sophisticated applications, such as provenance tracking, ownership verification, and smart contracts. They can be programmed to interact with other smart contracts, enabling a wide range of functionalities. This allows for the creation of sophisticated applications that leverage the power of the blockchain. Or inscriptions can even act as self executing programs as well. Let’s get more technical and go step by step: 1. Create an inscription: a. Data Preparation: prepare the data that will be stored in the inscription. This can be of any type of data, such as text, images, audio, or even other inscriptions. The data should be in a format that can be serialized into a JSON object. 🔶Ensure the data is in a format that can be serialized into a JSON object. 🔶Sanitize the data to remove any malicious or invalid characters. 🔶Encode the data into a Base64 string for compatibility with the blockchain protocol. b. Signature Generation: generate a cryptographic signature for the inscription data. This signature will be used to prove that the inscription was created by the owner. It is generated using the owner's private key. 🔶Obtain the owner's private key. 🔶Create a hash of the inscription data using a cryptographic hash function, such as SHA-256. 🔶Sign the hash using the owner's private key. 🔶Convert the signature into a Base64 string for storage on the blockchain. 🔶Save the hash as an inscription identifier. c. Inscription Creation: submitting the inscription data, signature, and other metadata to the blockchain network. The blockchain will verify the signature and store the inscription on the ledger. 🔶Prepare a transaction object that includes the inscription data, signature, and other metadata. 🔶Sign the transaction object using the owner's private key. 🔶Broadcast the transaction to the MultiversX blockchain network. Once the transaction is confirmed on the blockchain, the inscription is considered to be created and stored on the ledger. The creator becomes the owner of the inscription, and the inscription can be retrieved and transferred using the owner's public key. 2. Retrieval/validity of inscriptions: Once an inscription is created, an off-chain application needs to be created, to monitor the history and track the validity of such information. (Later, we can speak about how this tracking could be created in a smart contract, but that will mean more development, right now it is better to go through the off-chain process as it is needed anyway). Technically speaking, we need to use the indexer data, add a set of validity functions and create the new database of inscriptions. This database can always be recreated by running an import-db, meaning reprocessing the transactions as they were done by the validators. The order of transactions even right now can be taken from indexer/bigQuery implementations which are open sourced. As the transaction is indexed, the new program has to check whether it is an inscription (is txData an JSON with the needed 3 fields: identifier, data and signature). Owner check: owner field is equal with sender, Signature check: inscription data signed by owner. Also check in case of new inscription creation (sender == destination), that identifier (which is hash of Data) is unique. Only if all these checks go through, then you can add the inscription to the inscriptions DataBase. Furthermore, every inscription has to keep all its tracking data. From their original owner, to the latest owner. As in the end, this is the way a user can determine whether an InscriptionNFT is the bluechip/official one or not. 3. Transfers of an inscription: The workings of the owner field. 🔹To ensure that inscriptions cannot be created or transferred by anyone other than the owner. The owner field is used to validate the signature of the inscription, which ensures that only the owner can create or transfer the inscription. 🔹To allow for the tracking of the ownership history of an inscription. The owner field is stored on the blockchain, which allows anyone to see who the current owner of an inscription is. This can be useful for applications such as provenance tracking and ownership verification. 🔹To facilitate the creation of smart contracts that manage inscriptions. Smart contracts can use the owner field to determine who is allowed to perform certain actions on an inscription, such as transferring ownership or modifying the data. The ownership of an inscription is immutably stored on the blockchain, and the owner field is used to verify that the person transferring the inscription is actually the owner. It ensures that inscriptions can only be transferred to authorised recipients, and it provides a tamper-proof record of the ownership history of each inscription. 🔹In transaction 1, Alice creates an inscription and sets herself as the owner. The owner field is set to Alice's address, which is a unique identifier that can be used to verify her ownership of the inscription. 🔹In transaction 2, Alice transfers the inscription to Bob. The owner field is updated to Bob's address, which means that Bob is now the owner of the inscription. This change is recorded on the blockchain, and it is impossible to change the owner field without the owner's private key. Example: examining the ownership history of a CryptoPunk inscription is a crucial step in verifying its authenticity. By tracing the provenance of the inscription back to its creation, you can determine whether it was originally created by the official creator of CryptoPunks. If the inscription can be traced back to the original creator, then there is a strong likelihood that it is authentic. However, if the inscription has been transferred or altered in any way, then its authenticity may be compromised. Next, let’s discuss trading: Escrow and Payment: An escrow service can be used to facilitate the transaction. The escrow service will hold the ordinal until the buyer has paid the agreed-upon price. Once the payment is received, the escrow service will transfer the ordinal to the buyer. Threshold signature over an account like this can boost its security. Digital Marketplace: One of the harder things on the smart contract is that you cannot actually verify the list of ownership of the inscriptions as it was saved only on txStorage which is not accessible by the SC. One developer could rely on oracles to validate every inscription deposit, but it can cost a lot of gas. Instead of this, the SC could accept simply all the inscriptions thrown at him, and in the frontend the user will see the reliable data. 1⃣ Inscription Listing: - Inscription Description: The seller provides a detailed description of the inscription, including its identifier, type, data, and any relevant metadata. This helps potential buyers understand the inscription and its value. - Desired Price: The seller sets a desired price for the inscription, which reflects their assessment of its value and the market conditions. This price is displayed on the marketplace for prospective buyers to see. Marketplace saves data as Alice listed Inscription 0x123. If the same inscription is deposited by Bob as well, on withdrawal of inscriptions, each user can only withdraw the inscription they themselves deposited. In this case, on the marketplace both Inscriptions 0x123 can exist, one has the previous Owner of Bob and the other to Alice. So on withdrawal, Alice will withdraw only the inscriptions whose previous owner is herself. 2⃣ Bidding Process: - Buyer's Interest: Interested buyers can view the listing and express their interest by submitting bids. The bid amount represents the maximum price they are willing to pay for the inscription. - The Buyer will not only Bid for inscription 0x123, but for Inscription 0x123 whose previous owner is Bob - Bidding Competition: The marketplace automatically compares bids and determines the highest bidder. 3⃣Smart Contract Execution: - Bid Acceptance: Once the smart contract identifies the highest bidder, it triggers the acceptance of the bid. This initiates the process of transferring ownership of the inscription to the buyer. - Payment Processing: The smart contract will facilitate the payment process. - Inscription Transfer: Upon successful payment, the smart contract transfers ownership of the inscription to the buyer. This update is recorded on the blockchain, reflecting the change in ownership. 4⃣ Ownership Transfer and Completion: - Updated Ownership Record: The blockchain maintains an updated record of the inscription's ownership, reflecting the transfer from the seller to the buyer. - Transaction Confirmation: The buyer receives confirmation of the transaction, including the inscription identifier, the purchase price, and the updated ownership record. Conclusion Inscriptions are poised to reshape the digital landscape, and developers hold the key to unlocking this transformative potential. Inscriptions offer a groundbreaking solution for securely storing and transferring ownership of unique digital assets, opening up a world of possibilities for innovation and creativity. From revolutionizing the art world to forging new economies within virtual worlds, inscriptions have the power to transform industries and enhance user experiences. Developers, you are at the forefront of this revolution, with the opportunity to build groundbreaking applications that redefine how we interact with the digital world. The time is now to seize this opportunity. Embrace inscriptions, explore their boundless potential, and unleash your ingenuity to shape the future of the internet. Join the ranks of those who are pioneering this new era of digital innovation, and leave an indelible mark on the landscape of technology.

Too much code 🧑‍💻 for the little one. Time to BUIDL transformed in time to sleep for someone.

Running at insane speed with 1s finality and on inexpensive hardware. All this can be done via SovereignChain SDK. And #MultiversX has shards on top of this.

I get that SUI with Move has a good dev experience compared to EVM and Solidity, but there is still one more level on top of that. And that is the #MultiversX stack. No ofense, but Move is still from a failed project of Meta while WASM has all the benefits and primitives for the ultra scalable decentralised world. WASM is just faster, safer and more developer friendly as start. Use any language to develop on that. WASM runs in sandbox in any single device. WASM can do Smart Contracts, microservices and frontends as well. All can be totally decentralised, the last 2 running on users device. SpaceVM encapsulates WASM and gives a few super powers to it, like managed memory (buffers), built in crypto, big int, big float libraries, a lot of prebuilts of all kinds. On top of that, SpaceCraft SDK is the go to tool for all devs. Primarily focusing on Rust, it is the system with most features. Step by step debugging on SCs, a lot of code generations, any contract is an object, any token is an object, any input/output is an object, a storage is an object. SpaceCraft SDK will integrate Swift language as well, maybe more on this later. But it will generate frontends and microservices by default. Time to build more!

BitcoinX - A Bitcoin Layer 2 Proposal Using MultiversX Sovereign Chain Technology Bitcoin Layer 2 solution based on #MultiversX SovereignChains, which would achieve the following: - High-performance Secure Proof of Stake chain - Integrate multiple interoperability/composability modules and VMs. - Process over 50,000 transactions per second on inexpensive machines. - Native cross-chain operation module towards MultiversX mainnet. - Integrate a native bridge/rollup solution towards Bitcoin in the SovereignChain stack. Two-Way Peg Bridge 1. Build a bridge enabling Bitcoin to be staked on SovereignChain alongside EGLD from the Gravity ReStaking Layer. 2. Bridged BTC is wrapped into wrappedBTC, pegged 1-to-1 with BTC locked in the 2WP MPC wallet. 3. Assets coming to the MultiSignature wallet are cached by Bitcoin light clients run by all SovereignChain validators. Validators include Bitcoin block headers in Sovereign blocks. If a Bitcoin header contains a UTXO moving BTC/BRC-20 assets to the MultiSig address, validators create an IncomingTX and add it to the SovereignChain block. Process •If the leader does not add the IncomingTXs, the block is not signed by validators •The next honest leader adds the IncomingTX. Each validator generates the IncomingTX separately, ensuring the same data and order •Considering Bitcoin's Proof of Work and finality concept, validators push IncomingTXs only for finalized blocks (6-10 confirmations) Settlement - Create settlement of processing and data to both MultiversX and Bitcoin - Use an optimistic rollup with fraud proofs. In case of fraud, first slash staked Bitcoin, then staked EGLD. - The 2WP MPC wallet is controlled by SovereignChain validators, similar to the native cross-chain operation module towards MultiversX mainchain. Outgoing Operations - Deploy a Bitcoin Outgoing bridge SC: Create an outgoing miniblock UTXO data, signed by each node with their multiSig share. - Use a multiSig generator algorithm to create a new multiSig at the end of each epoch for the new set of validators. - Post the resulting full TX on the Bitcoin chain. Let’s bring WASM to #Bitcoin. The best fit, most sovereign, verifiable at home, verifiable and executable on any device. SpaceVM is the fastest WASM VM for the #blockchain industry. You can build whatever, whenever, however you want.

SolanaX - A Solana L2 Built on #MultiversX Sovereign Chains Technology, Bringing Everything We Love About Solana, Minus Wallet Drains, Congestion and Downtime #Solana has become a vibrant hub for community experimentation with meme coins, fast DeFi applications, and a thriving NFT culture. However, the network faces significant challenges, including wallet drains, congestion, and downtime, which hinder its full potential.  To address these issues, we propose a Solana Layer 2 built on MultiversX Sovereign Chains technology. This solution leverages advanced consensus mechanisms, high throughput, and robust security features to eliminate wallet drains, reduce congestion, and ensure continuous uptime, thereby enhancing the overall user experience and scalability of the Solana ecosystem. The #SovereignChain SDK is the culmination of extensive development, research, and architectural design. It leverages advanced technologies from the MultiversX Layer 1 chain, providing a comprehensive package for developers to create new appChains. This package includes explorers, wallets, bridges, VMs, SDKs, and more, ensuring that SovereignChains inherit the innovative properties of MultiversX. Innovations and Features For SolanaX Consensus and Transaction Processing: •Novel Consensus Technology: Reduces pBFT communication rounds from 5 to 3. Transaction processing occurs in parallel across all validators and the leader, dedicating approximately 90% of the time to transaction processing. •Built-in MEV Protection: Ensures a fairer and more secure environment for users and developers. •Smart Accounts: Enabled by default, offering multiple built-in functions and enhancements. •On-Chain Guardians: Protect funds even if the seed phrase is compromised. •Relayed Transactions: Fully supported, with the relayer covering gas fees on behalf of the user. •Integrated Paymasters: With RelayedV3 support. •Multi-Calls and Composable Actions: Support for account abstraction, subscriptions, passkeys, and more. •Integrated Interoperability: Native Cross Chain Operation modules facilitate seamless interactions with the MultiversX mainchain, Ethereum, and other chains. Performance and Efficiency: •High Throughput: Capable of 30,000 TPS with 1-second blocks on inexpensive hardware (16GB RAM, 4-core processors). Over 100,000 TPS can be achieved on better hardware. •No Wallet Drains: ESDTs (Electronic Standard Digital Tokens) support fungible, non-fungible, semi-fungible, and DeFi assets, launched permissionlessly. •SpaceVM: The fastest and most secure VM, running on top of WASM, with the most precompiles for builders. •Integrated DNS and Liquid Staked Assets: Support for Herotags and liquid staked assets to enhance decentralization. •On-Chain Governance: Supports complex composable tasks. •Re-Entrancy Protection: Built into the design. •Customizable Fees: No transaction fees or customizable fees, with options for relayed transactions and paymasters.

Nothing beats #xPortal Also the only chain with on-chain 2FA is #MultiversX Every serious web app requires 2FA, but chains ⛓️ say no, it is ok without. Adding the ERC approval problems on top of it, it makes the crypto apps the most vulnerable while they should be the most secure. Choose the wallet and chain that protects you!

Today is the day. Demo day is here. #itistimetobuild

Still not touching grass. But maybe after I get up. Insane Saturday. Moving some mountains.

Government services. Crypto and Fiat. Building bridges. Nothing else to say, facts speak for themselves.

MultiversX as a L1 MultiversX as a $BTC, $ETH L2 MultiversX as a Metalayer / L0 MultiversX as a App Chain MultiversX as a Truth machine MultiversX as a Institutional Layer Call it as you want, @MultiversX cannot become only one of those, it can become ALL AT ONCE. The technological stack is here and it invites all the builders and projects to use it. I believe the SovereignChain SDK, the SpaceVM, the SpaceCraft SDK, the mainchain is a 1 to 1000 evolution of blockchain. Everything you imagine can be built. Just come and try. Multiple hackathons, startup schools, incubators are here to guide on the road if you want. We will go to universities, new cities, new countries to search for all the amazing minds. Web3 is about interoperability, composability, compounding effects, open communities, open source technologies. Is it always time to build! It is always a must time to build!

1984. Never thought this will become a reality in the West.

The financial superApp @xPortalApp arrived on @solana. Now it is even easier to move all your funds to the secure and scalable network #MultiversX where there are no wallet drains. And you can explore #web3 without fear.

What we can say for sure, it is that #MultiversX is a technology maximalist. Especially when it comes to how we think about development, we aim for continuous improvement, non stop research, building edge technologies. We started building from point 3. Sharding. As without it, there is no complete scalability. Because of that, we were forced to make design choices, which proved to be amazing, like the in-protocol token standard $ESDT and enshrining token transfers at all levels. These tokens resolve composability, interoperability, eliminate re-entrancy and wallet draining phishing attacks (approve/increase allowance bug). Also, scaling is not only about tx processing, but storage and network as well. Not all dApps need atomic access to all other dApps. Actually only a tiny percentage of SCs need instant access, these are especially those involving DeFi, but even there, most processes can be done in async way. Point 1. But, as we are constantly searching for new ways to improve and as we see a lot of opportunities on developing on #blockchain we couldn’t ignore the need for custom appchains (not for scaling, but for special applications - like games, IOT 4.0, institutions and more). Although it was possible from day zero to create “L2s” by copying what Ethereum L2s are doing, for example bridging and sequencers, and it is still possible. We knew we can create something more meaningful and more powerful, thus created SovereignShards. No more bridging, simply using cross shard transaction processing mechanism and putting that into the Sovereign Node processing components. Tens of benefits for doing it: seamless user interactions, interoperability and composability between all dApps, no wrapped tokens. And for point 2, parallelization of txs, we had some great breakthroughs in research in 2023, and we aim to implement and launch parallel tx processing in every shard in 2024. All without the need of access list (obliging developers to write all state which is going to be accessed in the time of the tx execution, this is Solana’s approach). So easier development, complex tx ordering into batches which can be executed in parallel and actual execution. So if there is any new technology, which is groundbreaking and it fits our architecture and design thinking, we most certainly research and implement it. Perfection can be achieved only through non stop developing. Every new technology we bring in offers direct benefits to all actors on chain, all users, all dApps, all validators. “I build, thus I exist” #itistimetobuild

In order to bring #blockchain technology to billions of people you need to scale. The most efficient way of scaling is sharding. Layer1s should optimise in every step possible, from consensus, to storage, to processing, to networking, to VM and more. Building a robust L1 is a hardcore job, but it is a must. Come and watch me on stage as I talk about sharding. #itistimetobuild

The #MultiversX developers hub is in full swing. It is great to present all the innovation we build. Today was about scaling the protocol and the easiness of development on MultiversX. SovereignShards are the best place for any project to launch their own application specific chain. No need to build bridges, seamless interoperability, seamless user interface, easy customisability. #itistimetobuild

I tend to mute people as it does not trigger them. First of all, we understand that people are frustrated because of the price action of $EGLD and people try to find out what did the team wrong. The answer to that is complicated, it is not one thing, it is not only communication. You can have the best communication with a stupid product and you get nowhere. The games in crypto, played on CEXs is hardcore, there is a lot of shorting, attacks, without reasons. Just saying out loud. If your tech is too good, you are not invited to debates, as there is nothing to debate. Furthermore, although we get that people are frustrated, but imagine a developer, team member who pushes 60-80hours per week just to enter Twitter and read all the non sense FUD. Yep, first reaction is to block. Why? Because you do not need the stupid negative energy when you work your ass off. We like feedback. We like negative feedback, we thrive on that as we can improve a lot. But, it is easy to read what is FUD. And you get nervous, as a developer. You do 2 choices, never enter twitter anymore, and mute/block all these people. Being considerate will bring also more communication from the team as well. Even if the writings are negative, but only if they are no nonsense FUD. And yes, as one of Einstein story says, people will remember the mistakes. Probably will make those bigger than it seems. And people will try to find what is the problem. Personally, I like when people write feedback, even when it is negative, it makes me think how to solve those. That is how inscription NFTs, dynamic NFTs, migration from SP to SP, guardians, backtransfers and tons of other features have been born. But I get mad 😡 when people write out clear stupidities and I know that even they know that this was a clear FUD message, nothing else. And especially when they are even arrogant about it. Fortunately, God, my family, the team behind MultiversX and the mission of #MultiversX is bigger than all the FUD. Will this trigger a conversation as big as some FUD posts, probably not. We are here to build and we will be here to build.

EthereumX - MultiversX Sovereign Chains SDK Enables Next Generation Ethereum Layer 2s Abstract  Ethereum Layer 2 solutions, including Optimistic Rollups and Zero-Knowledge (zk) Rollups, offer a way to increase transaction throughput and lower transaction fees, effectively acting as bypasses to Ethereum's congested network. However, common issues with existing L2 solutions include centralized sequencers, fees paid in different tokens (not ETH), lengthy withdrawal times back to L1. Moreover, L2s do not inherently solve Ethereum-specific problems, such as re-entrancy attacks, wallet draining or Miner Extractable Value (MEV). An Ethereum L2 solution running on MultiversX Sovereign Chains brings important improvements and new features. Capable of ~4,000 DEFI/Gaming TPS, with an average of $0.x USD paid in any custom defined native gas token, and 100% EVM compatible, a Sovereign Chains based Ethereum L2 would be state of the art. What makes it stand out further would be significant improvements to security, such as On-Chain 2FA, no re-entrancy or wallet drain attacks by design. Notably, the architecture does not rely on any sequencers, so such an L2 would be decentralized and impervious to MEV. Withdrawals to L1 would happen in minutes instead of hours, and applications running on it would benefit from Smart Accounts, the ESDT token standard and direct interoperability with the MultiversX blockchain & other Sovereign Chains running i.e. Bitcoin VM, Solana VM, and so on. Ethereum, with its decade-long establishment, has garnered immense trust, a vast developer community, extensive toolkits, and the economic security underpinned by the widely recognized ETH token. When scaled via the novel MultiversX blockchain architecture that is designed to be impervious to Ethereum's legacy issues, several improvements placed years into the future on Ethereum's roadmap can be realized today.

"In a very real technical sense, Ethereum is doing sharding, and rollups are shards." from @VitalikButerin This is NOT true. They are not the same picture. Sharding is true scaling. Sharding has composability, built-in. User from Shard0 can seamlessly interact with contracts and users from Shard1, without knowing that the user is from Shard1. The same is for SmartContracts, SCs do not need to know where the destination SC / user is and that is how things should be. Sharding is about seamless cross shard operations, for everything. Sharding is about composability. Sharding is about scaling. Composability cross chain? we might have something for that as well. #itistimetobuild

Lots of progress adding up in preparation for the largest #MultiversX hackathon yet. The end goal is to improve DevEx, onboard new talent, support potentially useful applications and connect engineers, developers and product people within the ecosystem. Weekly #multiversxtech🛠️

Presenting the innovations of #MultiversX @StarkWareLtd StarkCity Even in Denver.

Did you mean something like this? Live on @xPortalApp . At the user trie level, you can add all your addresses from all other chains, and the app reads from there and where you want to go. Again, implemented at protocol level, scales with the number of users, not limited to SCs. And not only addresses, but herotags as well, to make any transfer readable. And if we speak about rollups and enshrining them, #SovereignChain resolves all the issues. One wallet on the ecosystem to use any dApp on any Sovereign Chain. If there are address mapping differences, that information is saved for every user and precomputed when it is needed. Click, transfer, trade, get back the return data and tokens. By default! btw. It looks pretty complicated and prone to error that bridging UX on the Ethereum ecosystem. Neither of those looks fun/right.

A group of pioneers is about to send an encouraging message across crypto. There's a way to fully leverage the benefits of on-chain, with design choices based on needs and not outsourced limitations. w/ Sovereign Chains. Weekly #multiversxtech 🛠️

Eventually the world will wake up and see how the smart contract framework and the WASM VM from #MultiversX is at least 10x better than anything else.

The moment you start to show the capabilities of #xPortal here @EthereumDenver everyone is just amazed. Like this is the best UX in the #crypto space. Happy 1st birthday!

We resolved the blockchain trilemma, and not only that: users and developers are actually safe on the chain. Guardians, transferAndExecute, SpaceVM architecture, no reetrancy. Lot of innovation to make the best place for both web2 and web3.

This was a good day for science 🧬 Scaling and fast execution is possible on inexpensive hardware. Those who say otherwise remained in their own bubble.

Solana dApps integrated on @xPortalApp The best place for your tokens is in this wallet. Vertically integrated, debit cards in Europe. Cross chain transfers and swaps at the tap of the button. Making #blockchain easy because we care. This is a non zero sum game. Do everything from your phone. It is possible on xPortal.

The best place to innovate in #blockchain is on #MultiversX !

ZERO downtime. Super decentralised. Super scalable. Super programmable. WASM rules. Super composable. ESDTs and built in composability functions. DynamicESDTs. This is MultivetsX. Let’s build more!

Are you squeezing hard enough? #EGLDSqueeze

The Story of SovereignChain SDK We have started developing the SovereignChain SDK in summer of 2023 and presented a really basic version of it on xDay 2023, that was only a proof of concept, put together as a demo only. In May 2024 we have launched the alpha version of SovereignChain SDK with >70K TPS, and with some bugs. Summer of 2024 was about bugfixing and configuration of the SDK. It was also about researching different models of launching, and offer those as possibilities to the community. Like reStaking, settlement layer, different type of bridging, cross chain interoperability. Since May we have started multiple discussions with different teams who showed interest in building on top of SovereignChain SDKs. Explaining the vision, explaining the possibilities, and asking the teams what is the most important features they want to have, most important metrics. But it was the job of each such project to ask/request for features. The status of the code in June 2024 on the SDK made it possible for anyone to start working on their own solution, ask questions, try out things and report back with bugs. In September 2024, we have fixed all the known major bugs, since then the SDK is stabilised, every day/week we have non stop testing on the SDK with super complex scenarios. The last months were about adding more customisability to the base code, more components which can be swapped in and out from a simple configuration file. On top of that we were working on optimising the built-in cross chain composability component, making it faster, safer, work for all type of assets, have all integration into all the tools. So in the end, since the end of May, any project could start to develop their custom solutions on top of the SDK, get feedback and help from the foundation and apply for grants as well. If we look for any L2 built on top of Optimism SDK / Cosmos SDK, we see that they start coding at least 6 months before a testnet, and they have around 6 months on the testnet before going to mainnet. Wrote this to manage the expectations. What are we doing next? As we finished the beta version of the SDK, the code will enter into an audit phase from middle of January. And in the meantime we are going to code further the next features and the next customisability components. We will add native settlement layer, native exit tries, also native interoperability with other chains as well (integrating general interoperability solution directly to the SDK). These are the plans. Time to build.

Teams are cooking some code. 🧑‍💻 Smart Contracts, APIs, frontend, AI agents. It is possible to develop products on chain under 24 hours. Complete products. Especially with the age of AI, everything is faster, and anyone with some prompting skills and an idea can start building. The night will be long. Time to build more!

If you are in Denver, join the #MultiversX dev hub, solve the challenge, build the future and you will get rewarded with a nice bounty. #ETHDenver To learn more about tech, come to @AsteriskDenver where core developers can help you build. #itistimetobuild

On my way to Dubai for @BlLife_Forum and @token2049 to speak more about #MultiversX blockchain and its innovations. DMs are open if you want to meet. #itistimetobuild

Exciting night at the office 🏢

Composability x100. The power of the $ESDT token which is built into the #MultiversX protocol. 125 token operations, multiple SC to SC calls with transfers, deposits, farms, rewards.

Ice 🧊 and extreme sport clears my head. Refreshed and prepared for the next period of hard work and research. Pushing the limits on #SovereignChain , building new processes on VM, ZK integrations and interoperability with multiple ecosystems.

MultiversX powered by $EGLD is decentralised, secure and scalable, while having minimal node requirements. Comparing these numbers to other ecosystems it is easy to see that we have >10x less infrastructure cost vs Solana/SUI/Aptos, around 3-5x less cost compared to Cosmos SDK, Avalanche, Polygon. And yet, the system can handle similar or more TPS. Lower system requirements equal to lower energy usage, thus lower emissions, thus making the chain ever more green (the foundation is offsetting all the CO2). But why would you care? Running the system in consumer grade machines was in the vision of Satoshi. Everyone can verify everything happening on chain. Furthermore, deploying your own dApp will have 10-100x less infrastructure cost than those chains which require super high specs. This might not matter when there are points for infrastructure, but those go out in 1-2 years. Also, how can a developer (not from the West) launch their apps when infrastructure cost is >500$ per month? (And I am being generous here, as in most cases the cost is in the thousands or over 10k). How it is possible to scale and process 30K TPS with these machines? Short answer is innovation and engineering at every step. On every line of code. On every component. From storage to P2P to consensus to cryptography to VM to the whole journey of every TX. And yes, the SpaceVM is the fastest VM in the crypto space, the only one capable of running SC at almost bare machine speed (only 1.2-1.3x slower when SC is written in Rust, with Python the VM actually run it 3x faster). The chain which can grow the most, which can really grow with demand is #MultiversX

What do you do at ~11PM in a team building? Part of the leads in the house talking about the next big things.

Welcome #StakingV4 ! Open markets, auction model is on. The next step on decentralisation was achieved.

Alright. Day 1. Let’s go to Denver, some say the heart of blockchain in the US, and show how great and far advanced the #MultiversX technology is. Let’s speak about scaling, sharding, composability, custom app-chains. Definitely pointing out how the foundational tech should look like. Discuss about differences of token standards, about why WASM VM is the most advanced execution engine for the crypto world, why in-protocol token standards are a must. And how great it is to have an ecosystem without reentrancy bugs, without MEV, without phishing attacks. Builders will learn about what we build, and they will come and build here. #itisitimetobuild

GM for the 2nd day in Singapore. If you are @token2049 come and meet us at booth P5-P6, close to the main stage. Let’s get a coffee and start speaking about technology. I will try to help you build almost anything. Literally. Anything which needs a super scalable database with history and authenticity. If you build something cool, in any ecosystem, I am curios as well. How do we move the space forward? It is time to build more.

Andromeda is here for the mainnet. Activation in 7 days, but validators are starting to update their nodes. One-shot finality, Zero equivocation risk, 10^54 increase in security, 2x time reduction for cross shard transactions. A.N.D.R.O.M.E.D.A

Finished ✅ 3hours 10minutes.

Now you can really buy coffee with $BTC and $ETH, all integrated into the wonderful superApp of @xPortalApp

Opened a set of research documents on Agora about SovereingChains. All the builders feel obliged to comments, requests features, add your opinions and your take on every single aspect. The more the brainpower, the greater the results starting from the design/architecture phase. #SovereignChain s are the next evolution in terms of modular and customizable architectures on top of #MultiversX. Build what it matters. Build as it should be from day 0. Follow the thread to see all the links 👇

From @PepeVersX 1 day. Robert is tweeting every day. And team: have we ever slept 🛌 since the inceptions of our chain? You know, Romania - vampires - never sleep. Just build.

No downtime. Only 5$m of private+raise. Built more than Ethereum has ever wanted: sharding, WASM, fast finality. Most scalable blockchain network: adaptive state sharding (state, process, network). Building more!

There is only ONE wallet you need. There is ONE wallet to rule them all. And that one is not going to be destroyed in Mordor. The ONE wallet is @xPortalApp . We believed in it, in the idea, in the features, in the team, in everything. It takes years, but when it is great, it works. Welcome @SuiNetwork to the @xPortalApp and @xMoney_com family. Web3 as it should be, easy, safe, seamless. By design.

V1 of the Sovereign Chains proposed economic framework is up for reading and community review! There are lots of challenges when it comes to launching a new blockchain. With @MultiversX's approach to modularity, devs can get past the cold start problem and connect to the most scalable and native feature-rich ecosystem. multiversx.com/blog/multiver…

The ENDGAME: A scalable, sharded, future proof architecture and running layer1 #MultiversX to run any app at insane speeds. And the #SovereignChain SDK where you build your own chain while having composability with every ecosystem. Decentralised, permissionless, safe, secure, censorship resistant by design from day 0. It was never this easy to build on #blockchain or to build your own chain. Let’s change the game. Build what matters. It is time to change.