Best Twitter threads of the day – August 26th

August 26, 2022 by Ibiam Wayas

1 mins read

Content

2. Crypto recap

PoW vs. PoS

Consensus mechanisms like Proof-of-Work (PoW) & Proof-of-Stake (PoS) are fundamental to blockchain computing & cryptocurrency.

So how do they stack up against each other?

Let's dig into some benefits of PoS 🥩🧵👇
— Kraken Exchange (@krakenfx) August 26, 2022

1/ 🌱 Eco-friendliness

PoS requires virtually no energy consumption. #Ethereum developers estimate that its transition to a PoS system will reduce energy consumption by more than 99.9%.
— Kraken Exchange (@krakenfx) August 26, 2022

2/ ❌ No hardware necessary

PoS eliminates the need for validators to purchase & upgrade hardware continuously.
— Kraken Exchange (@krakenfx) August 26, 2022

3/ ⚡️Lower barrier to entry

PoS only requires funds to participate in the block validation process, rather than warehousing, energy contracts, & specialized hardware as is required in PoW.
— Kraken Exchange (@krakenfx) August 26, 2022

Crypto recap

1/ “Crypto Moves Pretty Fast. If You Don't Stop And Look Around Once In A While, You Could Miss It.”

Luckily we have you covered! What recent trends shaped the past couple of weeks? 🧵 pic.twitter.com/FJcvEVXXLL
— Messari (@MessariCrypto) August 26, 2022

2/ Is there any hope for the decoupling thesis?

Following the @terra_money collapse and #3AC liquidation, the crypto market has remained closely correlated to equities. pic.twitter.com/PKPhsj1um7
— Messari (@MessariCrypto) August 26, 2022

3/ On the optimistic rollup front, @optimismFND and @arbitrum have been nearly equal both in daily transactions and TVL. pic.twitter.com/rfCNDfi9cJ
— Messari (@MessariCrypto) August 26, 2022

4/ With eyes on The Merge, @coinbase has entered the chat as the largest centralized staking provider, offering its own staked $ETH derivative, $cbETH. pic.twitter.com/XtVvFnYH00
— Messari (@MessariCrypto) August 26, 2022

5/ Does @opensea finally have some competition? @sudoswap's SudoAMM has started to cut into OpenSea's stranglehold on the NFT space. pic.twitter.com/DIEYZUCazc
— Messari (@MessariCrypto) August 26, 2022

Written by Ibiam Wayas

Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general public. He loves to associate with like-minded individuals and collaborate with them on similar projects. He spends much of his time honing his writing and critical thinking skills.