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Introducing the Cross Ecosystem Roundtable Talk! A new conversation space bringing together SMEs from multiple blockchain ecosystems, starting with Cardano Community and Polkadot, to openly discuss challenges that several ecosystems with decentralized treasury frameworks are facing. This first session will focus on a key question: How Can Decentralized Treasuries...

228,833 views • 7 months ago •via X (Twitter)

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A blockchain project can be designed to be 100% technically decentralized, but if a single developer or a team within a single country controls the development and decision-making, the project may not be fully decentralized in terms of governance and decision-making. ## Differences between technical decentralization and governance decentralization - *Technical decentralization*: The blockchain project uses decentralized technology, such as distributed ledgers, to ensure transparency and security. - *Governance decentralization*: The blockchain project is managed and decided by a decentralized community, not by a single individual or organization. ## Conditions for a blockchain project to be considered decentralized For a blockchain project to be considered truly decentralized, it needs to meet both conditions: - *Technical decentralization*: Uses decentralized technology to ensure transparency and security. - *Decentralized governance*: Managed and decided by a decentralized community, with transparent and fair decision-making mechanisms. If a blockchain project only meets one of the above two conditions, it may not be fully decentralized. ## Building a 100% Decentralized Ecosystem: A New Model for the Future In the context of rapidly developing blockchain technology, building a 100% decentralized ecosystem is not only a goal but also an essential need. The SkyPirl (PIRL coin) project has pioneered the application of a decentralized model not only in terms of technology but also in terms of governance. This article will analyze and demonstrate the importance of this model and convince the community, developers and organizations to support this policy. ## Why 100% Decentralization is Necessary 100% decentralization ensures that no single individual or organization can control the entire system. This enhances transparency, security and fairness. When applied to an ecosystem this model will bring many benefits: - *Increased transparency*: With the decentralization of power and management by many organizations and individuals, the system will become more transparent. - *Higher security*: The use of multi-signature wallets and treasury management by many representatives will reduce security risks. - *Fairness and democracy*: The decentralized model ensures that all decisions are made fairly and democratically. ## SkyPirl's Decentralized Governance Model SkyPirl project has adopted a decentralized governance model from the beginning by: - *Decentralized development team*: Multiple development teams from different countries, ensuring that no single country or organization controls the entire project. - *Restrict developer power*: Developers are not allowed to hold websites, domains and social media channels, helping to disperse power. - *Use smart contracts and multi-signature wallets*: To ensure transparency and security in treasury management and transactions. ## Applying the Model to the Ecosystem The ecosystem will apply this 100% decentralized model to all projects. This includes: - *Decentralization of power*: Many organizations and individuals will participate in management and decision-making. - *Use multi-signature wallets*: To ensure security and transparency in treasury management. - *Representatives from organizations*: Organizations will send representatives to participate in management and decision-making. #SkyPirl #PIRL #PIRLmeet #SLOFI #CLO #2BearsExchange

SkyPirl Official 🎈🎈

16,135 views • 1 year ago

DOT BITES #8 🎥This week on $DOT BITES Dr. Gavin Wood Showcases DOOM on JAM at Fudan University Gavin Wood demonstrated the 1993 game DOOM running on JAM, a new blockchain protocol, at Fudan University in Shanghai. The demo highlighted JAM’s ability to execute general-purpose code on-chain, marking a breakthrough for decentralized computing. Play Rivals 🏈 announced over 72,000 cards for trading on its Marketplace, highlighting a thriving economy in the Enter the Mythos N3mus Foundation reported a lively weekly tournament on Moonbeam, showing strong engagement in blockchain gaming. introduced Frog Ninja and Ice Princess for Pudgy Party , adding new collectibles to the Pudgy Penguins NFT game. Polkadot and Kusama Ecosystem Map Goes Live @dotinsights_xyz launched an interactive Ecosystem Map for Polkadot and kusama , supported by Parity Technologies and SubWallet. It provides a comprehensive view of ecosystem projects and offered an NFT incentive for user engagement. Web3 Foundation Announces Decentralized Voices Cohort 4 Delegates The Web3 Foundation named six delegates for Decentralized Voices Cohort 4, entrusting them with 42 million DOT and 180,000 KSM to participate in Polkadot and Kusama’s OpenGov, reflecting a diverse global representation. Polimec Protocol and Scytale Academy Highlight Emerging Talent Scytale Digital announced that @PolimecProtocol and Scytale Academy selected four teams,CognideX, Colb Finance, Joinn Finance, and Roam Network, out of over 80 applicants to build on Polkadot, showcasing the network’s support for innovation. Polkadot Referendum 1501 Gains Strong Support Polkadot’s Referendum 1501, proposing the Treasury acquire stablecoins for stable payouts, is passing with 80.8% approval, aiming to reduce volatility risks for expenses and enhance financial stability. Xcavate Brings Fractional Property Ownership to the UK Xcavate launched a platform allowing users to own 1%-100% of UK properties on-chain, democratizing real estate investment with blockchain-powered fractional ownership and transparent records.

Shelley

113,611 views • 1 year ago

.Project Catalyst Fund13 results are out #Cardano ! We’ve listened closely to your thoughts about the Cardano Foundation votes in Fund13. I want to address all thsi head-on with some extra analysis of the F13 result: taking CF's VP, slashing it, and removing it altogether to compare the results - check out the video below for that deeper dive. Transparency and collaboration are at the heart of what we do, so let’s do it: 🤔 Centralization Concerns: Using 180m $ADA to vote in Fund13 made it feel like the scales were tipped too far in one direction. We recognize how this might have felt like a challenge to the community-driven spirit of Catalyst. 🔍 Governance Gaps: Fund13 highlighted some important governance gaps. The possibility of a single entity holding so much influence goes against the decentralization we all care about. And... the rules and parameters allowed it to be that way. 💬 Community Reaction: Your reactions have been passionate and thoughtful. While some of you saw the CF’s participation as a way to back high-impact proposals, many felt it overshadowed the broader community’s voice. We know how crucial it is that everyone feels their vote truly counts. 🦚 What’s Next: The lessons from Fund13 are shaping how we approach future rounds. This challenge to the treasury is pushing us to think harder about how to prevent such scenarios in the future and WE WILL have a solution for F14. We’re exploring ideas like voting limits, more checks and balances, and new mechanisms to ensure no single entity can dominate the process. This is a shared journey, and we want you involved every step of the way. We're building Catalyst together: stronger, fairer, and more decentralized. #CardanoCommunity #ProjectCatalyst #TogetherWeBuild #DecentralizationMatters #GovernanceEvolution

Kriss Baird

76,887 views • 1 year ago