Distributed Digest: Monday, March 11, 2019
Dan Finlay discusses a liquid liberal radical funding model, the first EthHub bounties go live on Gitcoin, and TokenScript is a new interface for tokenization.
Your daily distillation of crypto news for Monday, March 11, 2019:
Liquefying Liberal Radicalism
ConsenSys’ Dan Finlay recently argued for the separation of inputs within the liberal radical (LR) funding equation. If these four inputs – possible funding recipients, individual donors, matching donors, and an identity registry – were decoupled, he asserts, then there could arise “a more scalable and permissionless open funding ecosystem” via liberal radicalism.
Indeed, Finlay has observed that many present LR implementations feature a consolidated identity-verification system, which he believes makes sense because the projects experimenting with liberal radicalism have a lot of money at stake. However, a more liquid funding ecosystem would better reflect the reality that there coexist multiple donation strategies related to one or more identity registries. Thinking about this simultaneity more simplistically, donors constantly “hedge” their donations among multiple recipients rather than being tied to a specific recipient.
That said, Finlay thinks a unified registry for funding applications would be beneficial, as it would still enable different ways to allocate funds. Thus, there is a balance between separation and consolidation within an LR model.
DAI Bounties, Y’all
EthHub co-founder Anthony Sassano announced earlier today that EthHub’s first set of bounties is live on Gitcoin. Specifically, individuals can earn DAI for helping to improve EthHub’s ETH 1.x and ETH 2.0 sections.
More bounties will be added in the coming weeks and will cover a variety of topics and features that the team wants to include on EthHub. The bounties have been made possible by donations from the wider community.
TokenScript for Token Interoperability
Fresh on GitHub is TokenScript, a standard tokenization interface. Using TokenScript, an individual can write a script – separate from any specific “host” application – which is then used by dApps to visually render the token.
Presently, the way a token is accessed, rendered, and transacted differs based on the dApp or EDCC (aka smart contract) that hosts it. The way a token is marketed or integrated, then, is tied to its host application.
With TokenScript, however, a token’s language is written externally, with its features and functions included in the script. By divorcing tokens from specific hosts, a token provider may update a token’s description at any time rather than requiring an update from the host dApp or EDCC. Ultimately, this setup could enable interoperability among various token providers.
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