Third time's a charm. I’ve had too small TG channels before, but decided to start a BIG one now :). The timing is just right, Telegram is getting a lot of traction, and you can reach out to a wide web2 audience. And try to explain to them that Web3 is something much bigger than tap-to-earn games and memes (or maybe Web3 is something that can’t be successful without Web0, the new infrastructure for the Internet itself).

Several new projects are launching on Waves now, starting with units.network, an ecosystem extension that will turn Waves into a proper Layer Zero blockchain with a lot of blockchains connected to it. The ecosystem will be based on principles of strict decentralized governance. Without decentralized community governance, Crypto is just glorified gambling.

Stay tuned! OGs are back!

- All chains will be interconnected
- All governance will be decentralized
- All narratives will be real

Power to the people and ride on Waves!

📸 Amazing highlights from "Web3 in the Fast Lane" event by Luna PR! See us soon at the next big events! ❤️

What we are doing now – we’re trying to take the Layer 2 narrative to its logical conclusion and create a way to launch your own chain in the simplest way possible.

Blockchain tech is (almost) the only decentralized technology that we know. The issue with it lies in its core – essentially, it is just a way to synchronize data between different servers, keeping data replicas on each server. Your data becomes tamper-proof and immutable, but there’s a lot of redundancy in keeping the same data in multiple locations.

So, the process can’t be fast almost by definition. Data replication scales poorly, even if it’s blockchain. In pre-Bitcoin data sync algorithms, the scaling complexity grew as the number of participants squared. What Bitcoin actually invented is linear growth of complexity relative to the number of participants. But it’s still slow.

So you need to find a way to circumvent this to actually make blockchains usable in the real world, where you have to send a lot of transactions. A simple way would be to have a lot of blockchains, with each one processing a portion of the total transaction volume.

But in this case, you have additional redundancy – you need each blockchain to have its own consensus with its own token. The native token of a blockchain is meant to provide economic incentives for validators to reach consensus, which makes data immutability possible. The more chains and tokens you have, the fewer incentives each chain is able to provide, making it less secure.

So it would be cool to have one master chain that could provide consensus for all other chains by creating sufficient economic guarantees with its native token. In this case, all other chains could just reuse it for achieving consensus. They would become interoperable (interacting with each other in a decentralized way). If the existing chains couldn’t handle the demand, we would just launch a new chain and connect it to the master chain.

This is what the Layer 2 narrative is basically about – one robust Layer 1 chain and a lot of Layer 2s connected to it. That was not the initial plan for blockchain scalability when blockchain started to become big around 2014–2016. The initial vision was so-called sharding, where you essentially have one chain broken into segments. Nobody has come up with a way to achieve this setup, unfortunately.

Ethereum is turning into this Layer 2/Layer 1 ecosystem as well. It’s just harder to implement it there, since that was not the initial Ethereum plan. Waves, being small and nimble, is able to move faster though. My goal is to reach this final solution where it’s very easy to launch your own chain, it’s connected to all other chains in a proper trustless way, and the system itself is essentially infinitely scalable. All you need to support more chains is to onboard more validators.

One chain will be one UNIT of the ecosystem, and the ecosystem itself will be UNITS.NETWORK, launching in about one month!

Salvador Dali. Apparition of a Blockchain (1963)

💬 Since we’re on Telegram - all Telegram woes stem from the fact that it pretends to be decentralized while actually being very centralized. But all of Telegram's success is also due to it being much more decentralized than other large social media networks. Mini apps are the real deal, of course! 🚀

🤔 However, trying to create a platform that seems decentralized but has a sole beneficiary under the hood is too unsustainable (but probably a lot of fun).

🔍 What we can conclude from looking at the current Telegram hype is that decentralization (even a pretend one) can create a vibrant economy. 💡

⚠️ But You better keep it real, not fake.

👀 You might say there’s no way to build a truly decentralized social media/messenger app that competes with centralized ones in usability, but I wouldn’t agree. Technically, it’s feasible now. The problem isn’t technical but organizational — we don’t have truly decentralized business ecosystems yet, and the appeal to be the founder and czar of a huge ecosystem is too big to resist. 🏰

⏳ This will all change when you can not only install a messaging client on your phone 📲 but also set up a messaging node in a data center and earn tokens for supporting the network, like Bitcoin miners earn Bitcoin. 💻💰

🔗 Either we’ll have this, or we’ll fall prey to censorship and a purely extractive social media economy where you are the product, and they want to make as much money off you as possible. 💸

Pablo Picasso. Decentralized (1938)

🎉 Get Ready for Tomorrow's Big Event!

🎙Catch Sasha, Units Founder, and our amazing host Pauli Speaks😎 live as they dive into your questions about Units and explore the latest Web3 trends!

💥 Plus, there's a huge drop you won't want to miss!

📅 When? Tomorrow at 1 PM UTC on X Spaces

💬 Drop your questions in the comments and tune in!

📊 Telegram is full of trading channels with market forecasts and signals, so I definitely will not create another one. However, it's natural for me to provide some fundamental analysis of the markets, which I will be doing from time to time. Let's start with the basics: why it makes sense to buy Bitcoin and hold it (but with some caveats that most people overlook). 💡

💎 Actually, it's quite straightforward. Bitcoin is a good investment not because it provides some kind of real utility, but because fiat currencies are falling relative to it. 📉 When Bitcoin was a novelty, it skyrocketed in price due to its first-mover advantage in the digital gold game, but now it's more about fiat currencies declining against Bitcoin.

💸 Why are they doing so? The answer is not too complicated either: central banks have overplayed their hand in the monetary policy game and printed too much cash. 🖨️ They printed so much that they had to raise interest rates to deal with inflation, creating a situation where inflation and unemployment coexist. Excessive fiat goes into the stock market and crypto, keeping the bubble growing no matter what happens with the real economy. 📈 Stock prices become detached from reality, turning into a game that keeps people busy and hopeful.

🤯 Elites have essentially messed up fiat money, jeopardizing the concept of centrally issued currency. It wasn't a flawless concept to begin with; for example, economic cycles and stock market black swan events can be attributed to central bank monetary policy. Excessive economic stimulus through money printing has to be counterbalanced with rising interest rates, quantitative easing, etc., to keep the economy afloat, which creates business cycles that are essentially unnecessary and serve no reasonable purpose (check out Austrian Economic school thinkers for more details). 📚

🚀 Bitcoin is doing great in comparison. It's just an asset with a programmable limited supply, widely supported, and backed by a sizable community. It is bound to do much better than fiat.

⚠️ But there's a caveat. This does not turn Bitcoin into money. Very few people use Bitcoin to buy things directly. Millions use it as a hedge against inflation and as a speculative asset with the goal of earning more fiat money from Bitcoin trading.

💱 People hold Bitcoin to get more fiat. This makes sense as long as fiat is worth anything. If we continue our current approach to fiat money, sooner or later it will impact the economy so severely that even Bitcoin won't help us. The initial premise of Bitcoin was to create better money, but it has turned into the idea of creating the ideal speculative asset—which is more or less the direct opposite of the original idea.

Bitcoin is not a hedge; it's just an asset that should do well as long as the world economy doesn't collapse. 🌍 Buy and hold it, but remember that it solves exactly zero problems the world is facing today. 🧐

Jheronimus Bosch, Bitcoin (1501)

✅ Top 3 Bitcoin mining pools control 60% of the total hash rate (mostly concentrated in the US).

✅ Top 3 ETH staking pools manage 45% of all staked ETH.

✅ Bitcoin addresses with over 1,000 BTC collectively own more than 40% of the total supply.

✅ Bridges between Ethereum layer 2 blockchains are centralized.

✅ Bridges from Ethereum layer to layer 2 chains are also centralized.

✅ Fiat-backed stablecoins are even more centralized than fiat itself.

✅ The only thing that is somewhat decentralized in crypto is asset issuance, but interactions with those assets are still largely centralized.

Crypto is something that properly hasn't even started yet.

Units.network is redefining the restaking narrative by focusing specifically on consensus. Think of it as the "Eigenlayer for Consensus." While restaking can be about providing security guarantees across different protocols, our emphasis is on the foundational blockchain layer. We aim to reuse the consensus established in the base layer across all connected layers. This creates an ecosystem of interconnected, trustlessly linked blockchain networks, all sharing the same foundational layer and uniform security guarantees.

Through this unified approach, every chain in the ecosystem benefits from the same consensus guarantees as the base layer, making interchain bridging inherently trustless. This addresses the persistent problem of centralized bridging in the Layer 2 networks built on top of Ethereum. Units.network is aligning itself with the trajectory of the Ethereum ecosystem but has a notable advantage in speed of execution—implementing similar setups on Ethereum would require significant modifications to its base layer. With Waves, these modifications are far quicker and more adaptable.

On a practical level, Units aims to simplify the process of launching your own blockchain. There is currently no accessible, turnkey solution for projects looking to establish their own layers. Existing solutions are often costly and overly complex. With Units, launching a new chain is as straightforward as submitting a governance proposal in the DAO and providing incentives for miners and DAO participants—such as allocating a portion of your chain's token supply.

Once the proposal is approved by the community, your chain can be live within a matter of days, and you don't even need to manage your own validators. The DAO can also fund certain chain launches, leveraging its allocation of governance tokens, which also function as the fee token for the inaugural Unit0 network.

Units.network launches this month!