The development of blockchain: the transformation from things to people
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After decades of development, distributed ledgers have realized the uniqueness of information in the Internet world, which is a property only possessed by the physical world. Because of this great change, a series of data represented by Bitcoin and Ethereum have been born. Encrypted economic ecology.
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Human beings are unique in the information world
In a nutshell, Loopss assigns each address its own and unique credit points, and addresses can map social relationships on the chain through the Trust [trust] action.
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Single point of trust leap
Trust refers to the stable, low-cost production relations and social relations that are attached to each other and between organizations when goods and services are exchanged.
DeFi always emphasizes the minimization of decentralized trust, but the blockchain only completes the consensus of mathematical verification, and does not involve trust at the human cognitive level.
Obviously, trust in real life comes from complex social relationships, but in the Web3.0 world represented by the blockchain, due to the sharing of the data layer, it is difficult for us to form user relationships, let alone dig out from a stable structure. Trust, or in other words, there is only one source of trust on the current blockchain, that is, trust in the contract code and over-collateralization.
However, the single source of trust cannot be regarded as a kind of progress. It is difficult for us to obtain a people-oriented and deeply involved experience in the Web3.0 world. Whether it is collaboration, trading, or lending, the blockchain still has huge frictions in high-level social affairs such as establishing organizations, co-producing, and socializing.
Therefore, even a community composed of the best talents cannot effectively organize production, build an effective knowledge production network, and create and distribute value; at the same time, we can indeed see DAO software such as Aragon and DAOstark trying to solve problems, But the limitations of the times and the closed design further increased the cost and closed the ecology.
Only in this way can any individual or group be allowed to evolve a community-based capital and DAO organization with governance capabilities, protocol combination capabilities, and capital management capabilities.
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The avatar on the chain constitutes the uniqueness of a person in the information world
Utilizing the decentralized nature of the blockchain and the security facilitated by the private key system, everyone can truly obtain their own value and information in the Internet information world, which is not restricted by any third-party platform.
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A Brave New World Opened by On-Chain Avatars
Around the avatar on the chain, Loopss provides a series of applications: the unique identifier LNS domain name of the address on the chain, the storage message on the chain that can be used for deposit and declaration, the time bank distribution of personal tokens, and the tokens between addresses Gang Dui's supervision of Trust.
Based on the existing applications, we have found more and more valuable extended applications on the basis of the clone on the chain:
Based on the combination of avatars to form an organization, the resulting DAO is no longer independent.
Between DAO and DAO, the algorithm of mathematical set can be directly used through Loopss, and various DAO organizations can be dynamically generated through operation methods such as ∩ intersection and ∪ union. Tokens between DAO and DAO can be exchanged programmatically and directly through Loopss. The governance authority of DAO can be transmitted via the Trust edge established in Loopss.
Avatar-based social
Claim your own social profile through SocialMessge on Loopss. Loopss can seamlessly connect with ActivityPub's series of decentralized social platforms such as Mastodon, allowing you to disseminate and realize your own value while disseminating social information.
Avatar-based decentralized oracle and contract trigger
Issue and build your own "Social Money" and "Uniswap" at one percent of the cost of traditional Defi through Loopss. Sell your own "Social Money", and accept and provide services to realize and circulate personal extra value that cannot be circulated through the legal currency system.
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