AlfaFrens

Basics:
- Many of you probably have heard of proof of work vs proof of stake
- Proof of work usually = mining coins using computing
- Proof of stake = mining new coins by staking your old coins

You probably also heard of the meeerge, when ethereum transitioned from PoW to PoS

We good until now? I hope so...

More stuff:
- Ethereum is the biggest most active smart contracts ecosystem
- Its token $ETH is the gas/governance token powering its blockchain has a massive marketcap and very liquid market (compared to other cryptoassets)
This makes ethereum, the network, pretty secure

However, now if you want to create a new system secured by proof of stake... you have to build another secured network, by another liquid token, which takes years to build and a lot of luck, and attracting capital... oof... and for that to happen you need a strong network first...

So you're left with a chicken and an egg problem... how do we solve this?

So, many people talk about EigenLayer, Re-staking, inheriting ethereum security blablabla 🥱
If you're an artist, an small influencer or a non-tech person in this space, you may wonder, what the hell is eigenlayer, you make a quick google search and you're even more confused...

For a project that is attracting a lot of attention, most people don't really know what it does, so here's 10000th attempt to explain it for dummies

Why do I believe I'll do a better job at it? I'm just more left curve than most trying to explain it lol

Hey @youssea.eth, this week I'm going to learn about EigenLayer. I promise! 😊 And thank you for everything you do at AlfaFrens
400 $degen