Tag: DAO

Web3 & DeFi space

World Wide Web3
Brief history from simple showcase to owning the Internet:
https://www.youtube.com/watch?v=AFb5gosfKJY
https://www.youtube.com/watch?v=B0ZJMdSvAj8

Blockchain, Smart Contracts, NFT
https://www.youtube.com/watch?v=JPGNvKy6DTA
https://www.youtube.com/watch?v=22O6a87-GcQ
Impact:
https://youtu.be/0u6cho7YpQQ?t=560

DAO (Decentralized Autonomous Organization)
https://www.youtube.com/watch?v=pA6CGuXEKtQ

Owning your data
https://www.youtube.com/watch?v=P2n5HY-eidU
https://www.youtube.com/watch?v=kqnxZ_IByKE

Business Models
https://www.youtube.com/watch?v=AI1N6dY8vSQ
https://www.youtube.com/watch?v=-n5084IfnxU

Gaming
https://www.youtube.com/watch?v=BdtrE4TLaeE
Metaverse
https://www.youtube.com/watch?v=ExUovs0n4bA

Social Money
https://www.youtube.com/watch?v=Ka7QZM6zx40

DeFi
The space of future finances. The departure from the standard centralized (banks) finances model to the digital counterpart, decentralized. The new money model enabling the fuel that will drive the Web3.

Metaverse

  • The metaverse encompasses immersive environments, often (but not always) using virtual- or augmented-reality technology.
  • The metaverse is “always on” and exists in real time.
  • The metaverse spans the virtual and physical worlds, as well as multiple platforms.
  • The metaverse is powered by a fully functioning virtual economy, often (but not always) built on cryptocurrency and digital goods and assets, including nonfungible tokens (NFTs).
  • The metaverse enables people to have virtual identities, presence, and “agency,” including peer-to-peer interactions, transactions, user-generated content, and “world-building.”

DAO

The future of work with DAO (Decentralized Autonomous Organization) and IoP (Internet of People). The DAO may be the work organisation of the future. There will be no hierarchical system within, you are given votes for the work you perform in the interest of the organisation or better said, to the community. The organisations flow will be managed by Blockchain, smart contracts, and may get rewarded for work through Dash. Dash is a secure, blockchain-based global financial network which offers private transactions.

Ethereum

Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called “ether”, which can be transferred between participants and is used to compensate participant nodes for computations performed. It is a part of the vision of a fully decentralized web.

First of all, it is a non sense to call Ethereum the Bitcoin rival. If both are crypto currencies built on blockchains, Ether will be used more as a mean of exchange as it is at the heart of the smart contract system. Bitcoin can thus be viewed more as a store of value.
Bitcoin is a digital currency which was originally created as an alternative monetary system. On the other hand, Ethereum is created as a blockchain 2.0 platform that can be used to create and execute smart contract applications over blockchain. Bitcoin platform’s crypto token is called bitcoin (which can get confusing) and Ether is the crypto token used on Ethereum platform. Ethereum is essentially Bitcoin with a Turing-complete scripting language. A Turing complete code means that given enough computing power and enough time. Ethereum has its own Turing complete internal code, when Bitcoin has not this form of flexibility.

Smart contracts are applications with a state stored in the blockchain. They can facilitate, verify, or enforce the negotiation or performance of a contract. Ethereum contracts can be implemented in various Turing complete scripting languages. The Ethereum system has been described by the New York Times as “a single shared computer that is run by the network of users and on which resources are parceled out and paid for by Ether.”

Both Swarm and Whisper are complementary technologies contributing to the vision of Ethereum as a “world computer”. When imagining Ethereum as a metaphor for a shared computer, it should be noted that computation alone is not enough. For a computer to be fully useful, it also needs storage to “remember” things and bandwidth to “communicate” them. This could be summarised as such:

Contracts: decentralized logic
Swarm: decentralized storage
Whisper: decentralized messaging