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#红包
Contributing my part to the Binance platform
As a token of appreciation, a generous USDT red envelope rain 🧧🧧🧧 has already been distributed!
In the final moments, I rely on my brothers to lend me a helping hand! 🔥
#红包
Getting Out of the Layer 2 Maze: Why I Started to Reassess the 'Minimal Power' of Plasma?
In the past month, I forced myself to detach from those noisy Telegram channels, turning off the constantly flashing cross-chain alerts, trying to catch my breath from the suffocating 'L2 narrative.'
Looking at the assets that have been fragmented into dozens of L2s in my wallet, a deep sense of fatigue arises. We are trapped in a 'liquidity maze' consisting of countless cross-chain bridges and sequencers. In pursuit of that negligible low Gas, the cost we pay is extremely high liquidity fragmentation and interaction costs.
Just as the entire industry is cheering for the 'modular' Lego game, I reopened the Plasma white paper. Initially, I had biases, thinking it was just a rehash of challenges to Ethereum, but when I understood the logic behind abandoning EVM compatibility, I broke out in a cold sweat: we may have all been misled by the illusion that 'the ultimate blockchain is Rollup nesting dolls,' neglecting the most primitive and powerful force of a monolithic chain.
Looking at the assets that have been fragmented into dozens of L2s in my wallet, a deep sense of fatigue arises. We are trapped in a 'liquidity maze' consisting of countless cross-chain bridges and sequencers. In pursuit of that negligible low Gas, the cost we pay is extremely high liquidity fragmentation and interaction costs.
Just as the entire industry is cheering for the 'modular' Lego game, I reopened the Plasma white paper. Initially, I had biases, thinking it was just a rehash of challenges to Ethereum, but when I understood the logic behind abandoning EVM compatibility, I broke out in a cold sweat: we may have all been misled by the illusion that 'the ultimate blockchain is Rollup nesting dolls,' neglecting the most primitive and powerful force of a monolithic chain.
Don't let the 'Hundredfold Dream' blind you: The underlying logic of the payment track is the safe haven for large funds
Having immersed in the crypto market for a long time, people often fall into a kind of survivor bias: it seems that only abstract Memes or complex DeFi models are worthy of the term 'wealth creation.' But when you strip away the market's restlessness and penetrate the on-chain data, you will discover a truth that most people overlook—the undercurrent of stablecoin flow.
1. Pain Point: Payment logic 'discouraged' by high Gas fees
For a long time, Tron dominated the payment market with low fees. However, with frequent adjustments to network parameters, today’s Tron is no longer the 'paradise for the common people' it once was. Especially for users who need to frequently adjust positions or make small payments, the fees, which can be dozens or even hundreds of TRX, feel like an invisible wall.
The emergence of Plasma precisely hits this soft spot.
It did not directly challenge Solana's proud TPS, nor did it try to grab territory in Ethereum's ecological forest, but instead focused on one term: Gas Abstraction.
2. Experience: A 'dimensionality reduction' smoothness
I deeply experienced several transactions on the testnet, and the most intuitive feeling can be summed up in two words: refreshing.
• Native Payment: Plasma allows you to directly use the token you are transferring to pay fees, and under certain protocols, it can even achieve 'zero Gas.'
This experience enhancement brought by 'account abstraction' is simply a dimensionality reduction blow for new users. While major public chains are boasting about millions of TPS in the technological arms race, Plasma is quietly solving the smallest and most critical detail—returning payment to its essence.
Investment Advice: Focus on 'allocation,' light on 'gambling'
For $XPL , I do not recommend taking a speculative Meme mentality to go all in. On the contrary, it is more suitable to treat it as long-term payment infrastructure for allocation:
1. Practical Experience: Go run some nodes and experience that smoothness unbound by Gas.
2. Mental Settlement: Avoid the anxiety of hundredfold coins and treat it as a safe haven for large funds.
True change often begins at the micro level and is achieved through consensus. When the tide goes out, what remains is certainly something that solves real problems.
$XPL @Plasma #Plasma
Having immersed in the crypto market for a long time, people often fall into a kind of survivor bias: it seems that only abstract Memes or complex DeFi models are worthy of the term 'wealth creation.' But when you strip away the market's restlessness and penetrate the on-chain data, you will discover a truth that most people overlook—the undercurrent of stablecoin flow.
1. Pain Point: Payment logic 'discouraged' by high Gas fees
For a long time, Tron dominated the payment market with low fees. However, with frequent adjustments to network parameters, today’s Tron is no longer the 'paradise for the common people' it once was. Especially for users who need to frequently adjust positions or make small payments, the fees, which can be dozens or even hundreds of TRX, feel like an invisible wall.
The emergence of Plasma precisely hits this soft spot.
It did not directly challenge Solana's proud TPS, nor did it try to grab territory in Ethereum's ecological forest, but instead focused on one term: Gas Abstraction.
2. Experience: A 'dimensionality reduction' smoothness
I deeply experienced several transactions on the testnet, and the most intuitive feeling can be summed up in two words: refreshing.
• Native Payment: Plasma allows you to directly use the token you are transferring to pay fees, and under certain protocols, it can even achieve 'zero Gas.'
This experience enhancement brought by 'account abstraction' is simply a dimensionality reduction blow for new users. While major public chains are boasting about millions of TPS in the technological arms race, Plasma is quietly solving the smallest and most critical detail—returning payment to its essence.
Investment Advice: Focus on 'allocation,' light on 'gambling'
For $XPL , I do not recommend taking a speculative Meme mentality to go all in. On the contrary, it is more suitable to treat it as long-term payment infrastructure for allocation:
1. Practical Experience: Go run some nodes and experience that smoothness unbound by Gas.
2. Mental Settlement: Avoid the anxiety of hundredfold coins and treat it as a safe haven for large funds.
True change often begins at the micro level and is achieved through consensus. When the tide goes out, what remains is certainly something that solves real problems.
$XPL @Plasma #Plasma
.
Don't just focus on the increase, take a look at the project's "life-saving" underlying logic.
Brothers, recently many people have privately messaged me about Plasma. To be honest, my first reaction is to hold on to my wallet tightly. Nowadays, there are too many projects with flashy PPTs; we need to "speak plainly": is Plasma really solving problems, or is it just creating bubbles?
After doing my homework, I tend to give it a thumbs up. Many projects claim to be decentralized, but in reality, they're all black boxes. Plasma's advantage is that it doesn't pretend; the verification mechanism is very transparent. It's not like some chains that ignore everything just to pursue artificially high TPS; its logic is: first ensure that every transaction can be "verified at low cost," then talk about scalability.
I analyzed that its core moat is actually the reduction of trust costs. To put it simply, it allows us to feel assured when participating, without worrying about the underlying collapse every day.
I'm not absolute in my conclusion, but how will I verify it? Next, I'll keep an eye on its mainnet throughput and the actual node load rate. As long as the data isn't fabricated, this project is definitely sincere amid this wave of infrastructure development. First, look for evidence; don't rush into it.
@Plasma
$XPL
#plasma
Brothers, recently many people have privately messaged me about Plasma. To be honest, my first reaction is to hold on to my wallet tightly. Nowadays, there are too many projects with flashy PPTs; we need to "speak plainly": is Plasma really solving problems, or is it just creating bubbles?
After doing my homework, I tend to give it a thumbs up. Many projects claim to be decentralized, but in reality, they're all black boxes. Plasma's advantage is that it doesn't pretend; the verification mechanism is very transparent. It's not like some chains that ignore everything just to pursue artificially high TPS; its logic is: first ensure that every transaction can be "verified at low cost," then talk about scalability.
I analyzed that its core moat is actually the reduction of trust costs. To put it simply, it allows us to feel assured when participating, without worrying about the underlying collapse every day.
I'm not absolute in my conclusion, but how will I verify it? Next, I'll keep an eye on its mainnet throughput and the actual node load rate. As long as the data isn't fabricated, this project is definitely sincere amid this wave of infrastructure development. First, look for evidence; don't rush into it.
@Plasma
$XPL
#plasma
dapp.ultiland.io
Quoted content has been removed
Rather than speculation, it's about technology: why I think Plasma is interesting?
Recently, the market has been restless, and everyone is looking for an engine that can 'soar to the sky', but I suggest that everyone calm down first. We can play, but let's not be confused by those flashy concepts. Today, let's break down and discuss Plasma ($XPL ).
First of all, this project has a kind of 'cold beauty' typical of 'science and engineering men'.
Many project teams are eager to post ten updates a day to boast, but Plasma is more inclined to refine the underlying technology. I flipped through their white paper and recent technical updates, and what attracts me the most is not the 'million concurrent' but that kind of **'first prove your innocence, then seek development'** validation logic. In the Web3 space, surviving and lasting longer is better than anything else. In Plasma's architectural design, the priority of security is placed very high, which seems particularly 'rational' in the current environment that pursues quick money.
First of all, this project has a kind of 'cold beauty' typical of 'science and engineering men'.
Many project teams are eager to post ten updates a day to boast, but Plasma is more inclined to refine the underlying technology. I flipped through their white paper and recent technical updates, and what attracts me the most is not the 'million concurrent' but that kind of **'first prove your innocence, then seek development'** validation logic. In the Web3 space, surviving and lasting longer is better than anything else. In Plasma's architectural design, the priority of security is placed very high, which seems particularly 'rational' in the current environment that pursues quick money.
Don't just focus on the increase, take a look at the project's "life-saving" underlying logic.
Brothers, recently many people have privately messaged me about Plasma. To be honest, my first reaction is to hold on to my wallet tightly. Nowadays, there are too many projects with flashy PPTs; we need to "speak plainly": is Plasma really solving problems, or is it just creating bubbles?
After doing my homework, I tend to give it a thumbs up. Many projects claim to be decentralized, but in reality, they're all black boxes. Plasma's advantage is that it doesn't pretend; the verification mechanism is very transparent. It's not like some chains that ignore everything just to pursue artificially high TPS; its logic is: first ensure that every transaction can be "verified at low cost," then talk about scalability.
I analyzed that its core moat is actually the reduction of trust costs. To put it simply, it allows us to feel assured when participating, without worrying about the underlying collapse every day.
I'm not absolute in my conclusion, but how will I verify it? Next, I'll keep an eye on its mainnet throughput and the actual node load rate. As long as the data isn't fabricated, this project is definitely sincere amid this wave of infrastructure development. First, look for evidence; don't rush into it.
@Plasma
$XPL
#plasma
Brothers, recently many people have privately messaged me about Plasma. To be honest, my first reaction is to hold on to my wallet tightly. Nowadays, there are too many projects with flashy PPTs; we need to "speak plainly": is Plasma really solving problems, or is it just creating bubbles?
After doing my homework, I tend to give it a thumbs up. Many projects claim to be decentralized, but in reality, they're all black boxes. Plasma's advantage is that it doesn't pretend; the verification mechanism is very transparent. It's not like some chains that ignore everything just to pursue artificially high TPS; its logic is: first ensure that every transaction can be "verified at low cost," then talk about scalability.
I analyzed that its core moat is actually the reduction of trust costs. To put it simply, it allows us to feel assured when participating, without worrying about the underlying collapse every day.
I'm not absolute in my conclusion, but how will I verify it? Next, I'll keep an eye on its mainnet throughput and the actual node load rate. As long as the data isn't fabricated, this project is definitely sincere amid this wave of infrastructure development. First, look for evidence; don't rush into it.
@Plasma
$XPL
#plasma
Setting aside the background of $XPL , Plasma's "account abstraction" is truly something that can silence Web2
In the past few days, I tried to demonstrate transfers to several friends who know nothing about Web3. I used to have to explain for a long time what a mnemonic phrase is, what Gas is, and watch them nervously transfer 0.1 tokens for testing. But in Plasma's testing environment, this frustration has almost disappeared.
This is what fascinates me most about Plasma: it is not just building a chain; it is eliminating the "blockchain feeling".
Most public chains' so-called "account abstraction (AA)" still rely on complex smart contract wallets to fill the gaps, while Plasma has integrated the Paymaster at the protocol level. This means that when users transfer USDT, they don't need to understand what $XPL consumption is at all. This kind of logical "dimensionality reduction" in product design is the core asset that is underestimated.
In the current market, everyone is watching who has launched a new airdrop and who has more Twitter followers. Plasma's GitHub update frequency is very high, but the team is as low-key on social media as if they are doing research. This approach of "heavy on technology, light on performance" may lack the explosive moments that lead to instant surges in the short term, but from the perspective of RWA (real-world assets), the threshold it creates for ordinary users to seamlessly get started is the real killer.
To be honest, compared to those ecosystems that rely on pump and dump to maintain heat, I would rather bet on a foundational infrastructure that can make stablecoin transfers "as simple as sending a message".
@Plasma $XPL #plasma
In the past few days, I tried to demonstrate transfers to several friends who know nothing about Web3. I used to have to explain for a long time what a mnemonic phrase is, what Gas is, and watch them nervously transfer 0.1 tokens for testing. But in Plasma's testing environment, this frustration has almost disappeared.
This is what fascinates me most about Plasma: it is not just building a chain; it is eliminating the "blockchain feeling".
Most public chains' so-called "account abstraction (AA)" still rely on complex smart contract wallets to fill the gaps, while Plasma has integrated the Paymaster at the protocol level. This means that when users transfer USDT, they don't need to understand what $XPL consumption is at all. This kind of logical "dimensionality reduction" in product design is the core asset that is underestimated.
In the current market, everyone is watching who has launched a new airdrop and who has more Twitter followers. Plasma's GitHub update frequency is very high, but the team is as low-key on social media as if they are doing research. This approach of "heavy on technology, light on performance" may lack the explosive moments that lead to instant surges in the short term, but from the perspective of RWA (real-world assets), the threshold it creates for ordinary users to seamlessly get started is the real killer.
To be honest, compared to those ecosystems that rely on pump and dump to maintain heat, I would rather bet on a foundational infrastructure that can make stablecoin transfers "as simple as sending a message".
@Plasma $XPL #plasma
Putting aside the K-line, the Piecrust virtual machine is the underestimated one in this round of the privacy track.
Recently, in order to run Dusk's smart contracts, I had to pick up Rust, which I had thrown aside for a long time. To be honest, the process of transitioning from Solidity to the Piecrust virtual machine was extremely painful; the limitations of memory safety are simply anti-human. But when I successfully ran a demo of private lending, I realized how superior it is in underlying architecture compared to ZK-Sync's Layer 2. The current Ethereum Layer 2 essentially calculates off-chain and then sends the results back on-chain, which still involves a trust assumption issue. Dusk's Piecrust is a native ZK virtual machine that has already implemented privacy protection and correctness verification at the moment of executing the code.
This technical fastidiousness causes its engineering progress to be as slow as a snail. Looking at the update frequency of the code on GitHub, it is evident that the team is struggling with some very low-level optimizations, such as zero-copy deserialization, which are tough nuts to crack. In the current market environment, this is particularly disadvantageous, as everyone is looking at whose story is better told and whose ecosystem is growing faster. Dusk's situation, where even a decent cross-chain bridge is not well established, indeed makes it hard to attract retail investors to enter and engage in mutual liquidation. I have been lurking in the community for a few days and found that those remaining are basically technical geeks and institutional parties that understand the RWA logic. Everyone is silent and quietly running nodes. This atmosphere is very similar to the early days of Ethereum, when no one thought smart contracts had any use, and everyone believed Bitcoin was the only truth. Now, Dusk's approach of treating zero-knowledge proofs as computational primitives looks quiet at the moment and lacks any wealth creation effect, but once the singularity of that asset going on-chain arrives, this kind of underlying infrastructure that can withstand financial-grade compliance pressure will definitely be much more resilient than those public chains that exist solely for speculation.
#Dusk @Trader Dusk $DUSK
Recently, in order to run Dusk's smart contracts, I had to pick up Rust, which I had thrown aside for a long time. To be honest, the process of transitioning from Solidity to the Piecrust virtual machine was extremely painful; the limitations of memory safety are simply anti-human. But when I successfully ran a demo of private lending, I realized how superior it is in underlying architecture compared to ZK-Sync's Layer 2. The current Ethereum Layer 2 essentially calculates off-chain and then sends the results back on-chain, which still involves a trust assumption issue. Dusk's Piecrust is a native ZK virtual machine that has already implemented privacy protection and correctness verification at the moment of executing the code.
This technical fastidiousness causes its engineering progress to be as slow as a snail. Looking at the update frequency of the code on GitHub, it is evident that the team is struggling with some very low-level optimizations, such as zero-copy deserialization, which are tough nuts to crack. In the current market environment, this is particularly disadvantageous, as everyone is looking at whose story is better told and whose ecosystem is growing faster. Dusk's situation, where even a decent cross-chain bridge is not well established, indeed makes it hard to attract retail investors to enter and engage in mutual liquidation. I have been lurking in the community for a few days and found that those remaining are basically technical geeks and institutional parties that understand the RWA logic. Everyone is silent and quietly running nodes. This atmosphere is very similar to the early days of Ethereum, when no one thought smart contracts had any use, and everyone believed Bitcoin was the only truth. Now, Dusk's approach of treating zero-knowledge proofs as computational primitives looks quiet at the moment and lacks any wealth creation effect, but once the singularity of that asset going on-chain arrives, this kind of underlying infrastructure that can withstand financial-grade compliance pressure will definitely be much more resilient than those public chains that exist solely for speculation.
#Dusk @Trader Dusk $DUSK
The people at Dusk may be the most inflexible and stubborn in the entire crypto circle, but it is precisely this stubbornness that makes me see the real hope for RWA.
In recent days, I've locked myself in the studio, staring blankly at the latest updated digital identity development document for Citadel from Dusk, and the coffee on the table has long gone cold. The market software outside is filled with those dozens of times the dirt dogs flying around, but here I am, grinding away at a few lines of Rust code. To be honest, this feeling is very split. On one hand, I feel like a fool for ignoring the easy money in the market and insisting on tackling this tough nut; on the other hand, when I finally got the KYC verification zero-knowledge proof process running smoothly, the thrill of goosebumps all over my body is something that no amount of U can provide.
Tearing off the 'payment' label, Plasma's asynchronous settlement is its deepest hidden killer weapon
Recently, I've been digging into the underlying documents of Plasma to study how it handles state inflation under high concurrency. To be honest, today's L1 often boasts hundreds of thousands of TPS, but when it actually runs, the state synchronization delay can make one question life itself. Plasma, however, is calm in the documents like an old-school engineer; it doesn't touch those flashy parallel execution narratives but instead focuses on a set of asynchronously settled mechanisms based on UTXO improvements.
Many people think that Plasma is only for stablecoin payments, which is really an underestimation. I tried running a high-frequency transfer script on its testnet, and the most intuitive feeling is not 'fast', but the extremely robust 'certainty'. On Ethereum or some high-performance chains, you have to constantly monitor gas prices and even worry about transactions being intercepted by MEV bots. But on Plasma, its built-in Paymaster logic directly filters out this noise. This approach of optimizing stablecoin trading paths at the execution layer is actually very rare in today's public chain space.
Many people think that Plasma is only for stablecoin payments, which is really an underestimation. I tried running a high-frequency transfer script on its testnet, and the most intuitive feeling is not 'fast', but the extremely robust 'certainty'. On Ethereum or some high-performance chains, you have to constantly monitor gas prices and even worry about transactions being intercepted by MEV bots. But on Plasma, its built-in Paymaster logic directly filters out this noise. This approach of optimizing stablecoin trading paths at the execution layer is actually very rare in today's public chain space.
A major financial infrastructure migration hidden behind 'stablecoin payments'
If 2024 is the era of Layer 2, then in 2026, we will finally welcome the awakening of 'application-native L1'. Among many projects, Plasma ($XPL ) is the one that excites me the most.
In my eyes, Plasma: it is not an improvement, but a reconstruction.
Many people ask me, now that there is no shortage of lightning-fast chains, why should we still pay attention to Plasma? My personal opinion is: speed is just a threshold, while 'account abstraction' and 'payment models' are the ultimate battleground for the large-scale adoption of blockchain.
1. It has cured my 'multi-chain spiritual internal friction'
In my eyes, Plasma: it is not an improvement, but a reconstruction.
Many people ask me, now that there is no shortage of lightning-fast chains, why should we still pay attention to Plasma? My personal opinion is: speed is just a threshold, while 'account abstraction' and 'payment models' are the ultimate battleground for the large-scale adoption of blockchain.
1. It has cured my 'multi-chain spiritual internal friction'
In the complex jungle of public blockchains, why do I have a particular fondness for Plasma's "subtraction"?
The current public blockchain race always reminds me of early digital single-lens reflex cameras—extremely powerful, but if you just want to take a snapshot of life, the complicated operation dial and heavy body are simply a nightmare.
What attracts me most about Plasma ($XPL ) is its courage to embrace subtraction.
Many L1 chains try to cram in every cutting-edge concept, but Plasma focuses on one point: the intuition of payments. Personally, I value its "Paymaster" design the most. On the vast majority of chains, transferring USDT feels like entering an absurd scenic spot where you must "buy a ticket (Gas) first to spend money"; whereas Plasma allows you to settle directly with stablecoins, even achieving zero fees through ecological subsidies.
The logic behind this is the pragmatism I agree with the most. Technology should not promote height through thresholds, but should serve breadth by lowering thresholds. Backed by Tether and Bitfinex, this background of being "born with a golden key" gives it a natural moat in terms of liquidity. In my view, $XPL is not just a governance token; it is more like a "passport" to an efficient financial empire. When payments become as natural as breathing, Plasma's value truly settles down.
@Plasma $XPL #plasma
The current public blockchain race always reminds me of early digital single-lens reflex cameras—extremely powerful, but if you just want to take a snapshot of life, the complicated operation dial and heavy body are simply a nightmare.
What attracts me most about Plasma ($XPL ) is its courage to embrace subtraction.
Many L1 chains try to cram in every cutting-edge concept, but Plasma focuses on one point: the intuition of payments. Personally, I value its "Paymaster" design the most. On the vast majority of chains, transferring USDT feels like entering an absurd scenic spot where you must "buy a ticket (Gas) first to spend money"; whereas Plasma allows you to settle directly with stablecoins, even achieving zero fees through ecological subsidies.
The logic behind this is the pragmatism I agree with the most. Technology should not promote height through thresholds, but should serve breadth by lowering thresholds. Backed by Tether and Bitfinex, this background of being "born with a golden key" gives it a natural moat in terms of liquidity. In my view, $XPL is not just a governance token; it is more like a "passport" to an efficient financial empire. When payments become as natural as breathing, Plasma's value truly settles down.
@Plasma $XPL #plasma
This weekend I originally wanted to write a simple web-based Dapp to see if I could get Dusk's transfer interface to work, but I almost crashed my Chrome browser. It's completely different from the lightweight experience of Railgun, where you can mix coins directly by calling contracts on Ethereum; Dusk's front-end integration is as heavy as a brick. Can you believe that just loading that zero-knowledge proof Prover Key file requires users to download several hundred megabytes of data? This is a disaster on mobile, but in Dusk's design documentation, this seems to be regarded as a reasonable security cost.
I stared at the memory overflow logs of the WASM errors in the console, thinking to myself whether this development team had ever considered the bandwidth limitations of ordinary users. Although Railgun's gas fees are exorbitant, at least it's running on-chain, making it light on the user end. Dusk, on the other hand, in order to achieve its so-called 'privacy compliance', has thrown the heaviest cryptographic operations onto the browser. This 'fat client' design philosophy, while theoretically eliminating the possibility of node malfeasance, in practice creates a lagging experience that really makes you want to smash your mouse. I transferred some funds on the testnet, and just the dozens of seconds it took to generate the proof had the CPU usage pegged at one hundred percent, with the cooling fan roaring; you’d think I was mining.
Moreover, its documentation is extremely rudimentary, with many key API parameter explanations not matching the actual definitions in the codebase at all. I had to go through the history of Issues on Github to guess the correct parameter format. This roughness in engineering stands in stark contrast to the precise mathematical formulas in its white paper. This disconnect made me realize that Dusk never intended for current Web3 retail investors to play with it. Its complex identity hooks and local computation requirements are clearly designed for institutional traders with dedicated terminals. For them, security compliance is paramount, while user experience is secondary. This arrogance ensures that for a long time, it can only be an experimental piece in the hands of geeks or an internal settlement network for some compliance funds, and it will never become a mainstream application.
#Dusk @Dusk $DUSK
I stared at the memory overflow logs of the WASM errors in the console, thinking to myself whether this development team had ever considered the bandwidth limitations of ordinary users. Although Railgun's gas fees are exorbitant, at least it's running on-chain, making it light on the user end. Dusk, on the other hand, in order to achieve its so-called 'privacy compliance', has thrown the heaviest cryptographic operations onto the browser. This 'fat client' design philosophy, while theoretically eliminating the possibility of node malfeasance, in practice creates a lagging experience that really makes you want to smash your mouse. I transferred some funds on the testnet, and just the dozens of seconds it took to generate the proof had the CPU usage pegged at one hundred percent, with the cooling fan roaring; you’d think I was mining.
Moreover, its documentation is extremely rudimentary, with many key API parameter explanations not matching the actual definitions in the codebase at all. I had to go through the history of Issues on Github to guess the correct parameter format. This roughness in engineering stands in stark contrast to the precise mathematical formulas in its white paper. This disconnect made me realize that Dusk never intended for current Web3 retail investors to play with it. Its complex identity hooks and local computation requirements are clearly designed for institutional traders with dedicated terminals. For them, security compliance is paramount, while user experience is secondary. This arrogance ensures that for a long time, it can only be an experimental piece in the hands of geeks or an internal settlement network for some compliance funds, and it will never become a mainstream application.
#Dusk @Dusk $DUSK
It took me a full two days to realize why transplanting the Uniswap code to Dusk resulted in errors; the real on-chain dark pool trading has always been a pseudo proposition.
This weekend, I had a sudden inspiration to run the classic AMM (automated market maker) logic of Uniswap V2 on the Dusk testnet, and it turned out to be the worst technical decision I made this year. As a developer accustomed to 'throwing a die' in the Ethereum EVM, I naively thought that I could just compile the Solidity code and it would work. However, the Piecrust virtual machine of Dusk taught me a lesson. On Ethereum, the entire network's state is public, and reading the balanceOf of a contract is as easy as drinking water; but in Dusk's privacy architecture, if you want to read an account's balance? Sorry, that's encrypted data. Want to update the state? Sorry, you first have to generate a zero-knowledge proof (ZKP) to prove you have the right to update, and you must not expose the specific values before and after the update. This kind of 'blind operation' programming experience feels just like performing surgery under a microscope while wearing thick gloves, where every logical judgment must carefully avoid the minefield of privacy protection.
What the delisting of privacy coins from exchanges has taught me: Dusk is the last ticket for RWA
At three in the morning, looking at the announcement on the screen that Monero and Zcash have been added to the 'watch list for removal' by several compliant exchanges, I wasn't surprised at all. That kind of fundamentalist 'absolute anonymity' is destined to be a dead end in this era of regulatory scrutiny. Closing the news window, I switched back to the Dusk testnet terminal, staring at the slowly generating zero-knowledge proof progress bar, suddenly feeling that these Dutch people may have seen through it all long ago. The public chain they are working on exudes a sense of 'surrenderism' wisdom from its core, or rather, an extremely shrewd realism.
Last night, to test the cross-chain bridge that hasn't gone live yet, I refreshed the Dusk official browser more than twenty times. To be honest, this experience is like two different worlds compared to using Etherscan for checking transactions. On Ethereum or Solana, that long string of Input Data gives a sense of security; I know where the money went, which contract was interacted with, and where the gas fees were spent, clearly and understandably. But on Dusk, when you open a transaction, apart from that incomprehensible string of zero-knowledge proof commitments and hash values, you can't see anything else. This kind of logic of 'although I don't know exactly what happened, the mathematical formula tells me it's legitimate' is simply a psychological torture for us on-chain players who are used to a god's-eye view.
Compared to solutions like Manta or ZkSync that compress data and then throw it back to Ethereum for DA (data availability), Dusk's native Layer 1 approach is clearly more extreme. It's not treating privacy as an optional plugin to sell; it's turned the entire ledger into a gigantic safe. I tried to analyze its underlying transaction structure and found that it cleverly introduced the concept of Notes into the account model, which is a bit like hybridizing Bitcoin's UTXO and Ethereum's Account model. Technically, it really has some ideas, managing to forcibly intertwine privacy protection and smart contract state management, and it can actually run.
But I must complain that the current stage of interactive feedback is really too 'straightforward.' If a transaction fails, it often just coldly reports 'Invalid Proof,' without even a specific error code, leaving problem diagnosis to guesswork, which almost drove me crazy last night. Moreover, the speed of node data synchronization is ridiculously slow; sometimes the balance displayed in the local wallet has a 'time difference' of several seconds compared to the on-chain state, which is a fatal flaw in time-sensitive arbitrage trades. However, thinking about it, this lack of transparency and lag, although destined to make it an outlier in this Web3 world that pursues extreme transparency, might be exactly what it wants. If Goldman Sachs really wanted to put bonds up here, would they allow the whole world to watch their capital flows? Dusk's current difficulty in usage is precisely the loyalty oath it offers to institutions.
#Dusk @Dusk $DUSK
Compared to solutions like Manta or ZkSync that compress data and then throw it back to Ethereum for DA (data availability), Dusk's native Layer 1 approach is clearly more extreme. It's not treating privacy as an optional plugin to sell; it's turned the entire ledger into a gigantic safe. I tried to analyze its underlying transaction structure and found that it cleverly introduced the concept of Notes into the account model, which is a bit like hybridizing Bitcoin's UTXO and Ethereum's Account model. Technically, it really has some ideas, managing to forcibly intertwine privacy protection and smart contract state management, and it can actually run.
But I must complain that the current stage of interactive feedback is really too 'straightforward.' If a transaction fails, it often just coldly reports 'Invalid Proof,' without even a specific error code, leaving problem diagnosis to guesswork, which almost drove me crazy last night. Moreover, the speed of node data synchronization is ridiculously slow; sometimes the balance displayed in the local wallet has a 'time difference' of several seconds compared to the on-chain state, which is a fatal flaw in time-sensitive arbitrage trades. However, thinking about it, this lack of transparency and lag, although destined to make it an outlier in this Web3 world that pursues extreme transparency, might be exactly what it wants. If Goldman Sachs really wanted to put bonds up here, would they allow the whole world to watch their capital flows? Dusk's current difficulty in usage is precisely the loyalty oath it offers to institutions.
#Dusk @Dusk $DUSK
Current Market Situation of Cryptocurrencies: The Bull Market Isn't Over, but the 'Frenzy' is Gone
The previous surge (when it hit over 120,000 dollars last year) overestimated too many expectations. Now that Bitcoin has fallen back to 60,000 or 70,000 dollars, it’s actually a wake-up call for everyone:
• Leverage is 'Exploding': Many people previously borrowed money to open 10x or 50x leverage in hopes of getting rich overnight, but now with a slight drop, all these positions are being forcibly liquidated, causing a domino effect.
• Money is Moving: Since buying U.S. Treasury bonds can earn good interest with minimal risk, why risk holding onto those altcoins that could go to zero?
2. The Political 'Face Change': Trump and Walsh
• Leverage is 'Exploding': Many people previously borrowed money to open 10x or 50x leverage in hopes of getting rich overnight, but now with a slight drop, all these positions are being forcibly liquidated, causing a domino effect.
• Money is Moving: Since buying U.S. Treasury bonds can earn good interest with minimal risk, why risk holding onto those altcoins that could go to zero?
2. The Political 'Face Change': Trump and Walsh
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