Why is Gavin Popular (gavinwolfe)?

Why is Gavin popular? Editor’s note: This article is from Crypto Valley Live (ID: cryptovalley), authored by Austin Griffith, translated by Olivia, and authorized for reprint by ODaily Planet Daily.

What is Gavin? Gavin is an open-source smart contract platform that allows developers to build decentralized applications without code. It enables users to run their smart contracts in the most secure way without any external intervention or third-party interference to verify transactions. The functioning of Gavin is such that it enables people to achieve their financial plans through a single function called “parallel chains.” We know that blockchain protocols have two core components:

1) Infrastructure designed for smart contracts. These infrastructures will become critical layers in the network and connect them to each other. This includes all modules: accounts, wallets, datasets, and governance.

2) Creating interoperable asset pools for DeFi. Each project can execute various complex smart contracts through smart contracts.

3) Creating new use cases. For example, when a project wants to obtain liquidity from its smart contract, they should start building it. These new systems are designed to provide a way to help solve existing solutions while retaining existing tools. This mechanism is different from the traditional equity model. If a business fails, it can lead to the project’s inability to survive. Therefore, once the project is successfully established, it may face challenges such as instability and over-reliance. To avoid such situations, the development team must first find the best way to address this issue. Additionally, they must determine whether potential problems should be considered and develop appropriate solutions. Therefore, the ultimate choice of the best solution is to ensure that they are strong enough so as not to suffer losses because most users may not have the ability to build or just do not know how to implement it. But if you want to participate and expect a return, you need to seriously consider the severity of this issue. Why should we pay attention to it? Because blockchain has developed to a certain extent, we are talking about the concept of blockchain technology and our understanding of it. 1. What is a distributed ledger technology? We call it a distributed accounting method. We consider it as a form of the Internet – a peer-to-peer electronic cash system (distributed cash systems). It exists based on open database structures supported by digital currencies such as Bitcoin. It provides a new payment method – peer-to-peer electronic transfers, which are one of the alternatives that can be widely used globally. However, a distributed ledger is not the only truly decentralized data repository, but it is a multi-party computation consensus based on cryptographic algorithms. Currently, a distributed ledger only exists on a single node, and only a few concentrated companies have completely independent network versions. 2. Why do we need a distributed ledger?

gavinwolfe

Original author: Gavin Wolfe, Founder of Cosmos

Translation: 0x137

In the days leading up to the launch of Ethereum 2.0 (November 2nd), we witnessed many interesting things.

With the continuous development and scalability of Ethereum and the increasing demand for security in the network, Gavin Wood proposed a new proposal called “governance-winners”. This proposal was put forward by Parity engineer David Burkett and aims to distinguish EVM from other proof-of-stake networks and achieve this goal through a simple zero-knowledge proof. “Governance-winners” is the first proposal made by Gavin Wood. He believes that it can solve two levels: one is to allow developers to directly build their smart contracts, and the other is to provide financial support for the entire Ethereum ecosystem.

In addition, there are some people who hope that this proposal can help Ethereum’s security and decentralization, and these people are Gavin Wolfe himself:

1. In order to make the Ethereum blockchain more secure and resilient, it needs to use a scalable version, including a new test network for future scaling;

2. If a transaction fails due to high gas fees, it will be redeployed into Ethereum 1.0.

3. There is an additional gas cost when creating a new wallet. Therefore, I believe anyone can increase or decrease the Gas cost. So I suggest adding more gas costs in Ethereum 2.0 to ensure that the protocol does not continue to exist;

4. If you want to run as a validator using this method, you must ensure that you have enough information. But please note that this is very time-consuming as it might become expensive and unsustainable;

5. “Governance-Whirlpooling” is a good concept. How does it work? This is a brand new question – however, for those who want to understand the code, they should know why there is no better way. This is one of the most basic issues I am addressing right now.