intoweb3.land

By Julian Paul

0x019

#19・ Jun 12, 2022

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0x019

By Julian Paul • Issue #19 • View online

Last week, tons happened in web3. Here are three highlights:

Currently, we are at 170+ resources. This week, I (soft) launched intoweb3.land/updates, a paid Telegram service, where you can stay up-to-date with the best web3 has to offer, instantly. The growing database has 60+ sources active with more added weekly. The price point is $5/m or $55/yr. You can view all details here. If you want to try it for free, reply to this email.

But without further ado, this week’s dose of web3 is varied ↓

One Thread to ponder over

maxwell

@publicmaxwell

Recently, @ericscottsays and @Anna_Tsh and I have been mapping out the web3 education landscape as part of our @KERNEL0x KB5 adventure. We are happy to share the first version of our web3edu landscape map https://t.co/LyWwfrpgG5

4:18 PM - 11 Mar 2022

Mental models for L1 and L2

Cryptocurrencies are leading a paradigm shift in database technology.

“…A layer-1 system has to rely upon an honest majority to protect the database’s integrity and an economic majority to give real-world value to assets recorded by the database. Whereas in a layer-2 system, there is no need for majority agreement or externally valuing the assets. It can already assume a layer-1 system with public consensus exists and the only focus is to protect the assets held by the smart contract. As such, it can rely on one honest party to emerge and ensure the system continues to make progress…”

Read the full article here by @stonecoldpat0.

Scaling Trust in DAOs: Trustware vs Socialware

In the past few decades, our trust in institutions has begun to erode.

“…many DAOs use a combination of Snapshot and multisig, including BanklessDAO and Yearn. In these cases, token holders vote on Snapshot, but rely on coordination between multisig signers to execute their decision- a form of socialware. The governor contract automates this step, automatically executing a transaction as soon as a vote reaches certain governance parameters, like quorum or submission thresholds. The governor contract provides equal assurances as the Snapshot+ multisig combination with less social coordination. In other words, trustware….“

Read the full article here by @frogmonkee.

Three products worth exploring