4 ms·
I hope this does not get lost in all the dirt being spilled onto "web3". But these are the things that make me excited: * I really _love_ the Argent wallet. It
by vvpan 5y ago
I hope this does not get lost in all the dirt being spilled onto "web3". But these are the things that make me excited:
* I really _love_ the Argent wallet. It is essentially a fully non-custodial bank in my pocket. As scalability and stablecoins improve I can see myself abandoning my usual bank altogether. Sending money to my friend over it just feels right - no middlemen, truly peer-to-peer and safe.
* I love logging in with an Ethereum wallet. It's the best login experience I have had. It shifts the responsibility of protecting keys onto the user but that has been improving.
* I do not buy NFTs but I really like them. If you are a user in a multiplayer game I think you should truly own your items, not the server you are on. That idea excites me. NFTs have allowed digital artists and musician even from Iran to make money. Sorare, the European football collecting game, is doing very well at using NFTs for trading cards.
* ZK proofs are enabling a few very interesting use cases. For example where a few people participate in mechanisms with privacy. For example you can have companies bid on a contract with the winning contract being revealed but nobody else's bids. Cryptography proves that all was carried out according to the rules of the bidding process. This can safely put things on-chain that are otherwise very privacy dependent. For a very interesting example of such private inter-company communication protocol check out Baseline[1].
* As digital identity improves and so does ZK research one could even more interesting things. For example prove to services something about their identity data without giving the actual data away. Here is an interesting proof of concept of this[2].
* Decentralized storage is still in its infancy in my opinion but can do lots of cool things. For example Mirror is a blogging platform that stores data on-chain and on decentralized storage platforms[3].
* Decentralized finance. From my crypto-wallet I can lend out or borrow stablecoins and get an OK return on it. But there is a myriad of systems emerging of options, bons, derivatives, synthetic assets, etc. Automatic market maker systems work super well for trading. Basically what humans do in banks the machines do more efficiently. I know people say that the "coins" passed around on-chain are bullshit. I don't want to argue with that cause its a quagmire, but the systems themselves are sound.
EDIT:
* DAOs. I know its a buzzword nowadays. But having the on-chain communal bank and voting has made ye olde co-ops more streamlined and people are doing cool things. 1Hive is pretty much a company of builders. CityDAO buying and managing real estate together. Cabin DAO organizing creative retreats (and doing excellent research on organization procedures). OlympusDAO is a defi building collective that is ever creative with their products. ENS runs a domain registration system. And many more.
[1] https://www.ey.com/en_gl/news/2020/03/ey-launches-baseline-protocol-an-open-source-initiative-for-the-public-etherum-blockchain https://www.ey.com/en_gl/news/2020/03/ey-launches-baseline-p...
[2] https://github.com/kevinz917/zk-NFT https://github.com/kevinz917/zk-NFT
[3] https://creators.mirror.xyz/ https://creators.mirror.xyz/