The Xbox and Ethereum’s Dual Mandate

The need to build and launch an ecosystem on Genesis Day

Imagine if Microsoft released the Xbox but the games didn’t exist.

On the day the Ethereum Genesis block is created, many elements of the ecosystem will be in place: core infrastructure, mining network, user app browsers, and applications. Indeed, turning Ethereum into a sophisticated decentralized consensus (decentcon) application platform will require a tremendous amount of development beyond its origins. However, on the first day, “launch titles” will appear.

Originally, when the idea behind Ethereum came up in November, the intention was for it to be a simple “altcoin” (actually a meta-protocol on top of Primecoin) with a built-in scripting language. did. We recognized the potential of the project and the scope inevitably expanded. And the current intention is to release a flagship product called “EtherBrowser”. This is a browser that allows you to browse both the classic Internet and the decentralized web (web3.0). From the moment of the launch of the Ethereum network, EtherBrowser and the following elements in the ecosystem operate:

  • A fully functional implementation of the Ethereum blockchain that powers Bitcoin technology with 1-minute block times and strong security (GHOST protocol), decentralized applications (“apps”) can be used for anything that requires consensus (currency and token systems, name registries, proof of existence, etc.).
  • Fully functional peer-to-peer protocol. Apps can use this to send messages between users. For example, decentralized messaging – the app uses this protocol for the actual message sending, but uses blockchain for the user to register her account.
  • -Elegant browser and app store user interface for using Apps
  • Network nodes (miners) that process transactions and computations, secure the network through a consensus process, and are compensated by fees and the issuance of new Ether
  • “Built-in” utility level – Standard set of apps: decentralized wallets, decentralized identity systems, decentralized reputation systems, decentralized messaging systems, decentralized name registry services, decentralized catalogs for decentralized applications, etc.Low-level utilities on the system
  • Standard built-in tool set for both developers and end users: blockchain explorer, contract explorer, transaction constructor, encrypted messaging tools, signing tools, authentication tools, and more. A debugger for hardcore users will also be available.

And soon after its birth, a wealth of third-party decentralized applications such as decentralized storage services, decentralized notary services, decentralized exchange services, decentralized escrow and arbitration services, financial contracts, insurance contracts, lending services, targeted reputation systems, etc. I look forward to seeing the set. , games, entertainment services, etc… Each of the apps in different business areas will be able to take advantage of lower-level system utilities – apps, such as identity and reputation systems.

Without operational decentralized applications, Ethereum is a hollow shell. For decentralized applications to be widely available from day one, nonprofit and public interest elements must be built in conjunction with commercially driven applications in competitive markets. Because of this requirement, Ethereum serves a dual mission.

It can also be argued that certain elements within an ecosystem should be developed for the common good and not benefit from commercial interests. Certain other elements are better developed in a competitive, for-profit environment. For example, it makes some sense to use people’s tax dollars to develop a coherent, large-scale, and structured road system for the public good. But it probably doesn’t make sense to use people’s tax dollars to build cars, because development under the pressure of free market competition forces the design and production of better products, benefiting the market as a whole.

Double duty: non-profit and for-profit co-development

Two hub organizations will lead the Ethereum project with a dual mission: a for-profit organization based in Zug, Switzerland, and a non-profit organization based in Toronto, Canada. Both of these organizations will be structured in such a way that each will remain strong and financially independent to ensure the development and growth of the ecosystem over the years.

The Ethereum ecosystem will initially be built by nonprofit and for-profit organizations working together, ideally with broad participation from many other independent parties. Establishment leadership puts in place mechanisms to ensure that the foundational elements of the ecosystem are built and maintained in a manner consistent with the founding principles. Funding and independence will be guaranteed for the organizations guiding the various measures of core infrastructure development (either nationally registered companies or ultimately blockchain registered companies).

At the same time, because the human economy is (or should be) primarily based on free market commerce, some nonprofit organizations, especially for-profit organizations, are encouraged to start and thrive as independent businesses in this area. We support. . This support can take many forms, from providing resources and guidance to maintaining support channels and establishing joint ventures.

Hybrid organizational model

“MOZILLA is one of them.” [HYBRID NON-PROFIT/FOR-PROFIT] Organizations, and if you look around you, you’ll see other organizations.A lot [SIC] The potential for a turnaround in the workings of these institutions, especially their potential to move markets toward the public good on a global scale.

“…the more I look into it, the more I become convinced that organizations like Mozilla, Wikipedia, KIVA, and MIRO represent a new pattern that is a mashup of mission, market, and web culture that is worth understanding.

“The mission + market + web hybrid is important because it allows them to wield the power they need to drive markets on a global scale, while also focusing on the small, taking a long-term view, and pursuing a public service mission.” They show us how organizations can and perhaps should function in the future.”

  • Mark Thurman, MOZILLA Foundation Executive Director

Trolltech/Digia (Qt), WordPress, Red Hat, Google Android, Open Handset Alliance, The Mozilla Organization, and several other companies have pioneered the dual-duty approach to create thriving ecosystems and successful companies. I’ve been building it. The model Sun developed in his late 90s is also informative.

Sun Microsystems (now Oracle) developed the Java computer language and libraries internally. Despite its innovations, Sun probably would not have gained as much market share had it not realized that as a commercial company it had no control over fundamental aspects of software development. It was expected that competitors would use it. To address this conflict of interest, Sun open sourced Java and developed the Java Community Process to guide the growth of the platform in a bipartisan manner.

Ethereum is and will continue to be an open source project. And the Ethereum project, under the auspices of a non-profit foundation, creates a community development process that is philosophically similar to the Java community process. In fact, Ethereum has traditionally been developed under a less formalized community development process.

The Ethereum nonprofit specifies and guides the development of the core Ethereum infrastructure. It employs a bipartisan community development process to develop, implement, and support research initiatives in the general cryptocurrency field. The nonprofit organization will initially have a membership comprised of Ethereum founders and will soon add other independent leaders in emerging fields.

Commercial entities on Ethereum will work with nonprofit organizations to develop certain elements of the core infrastructure, with decentralized application services and businesses that they themselves develop, fund, or otherwise support. He is tasked with building a sustainable ecosystem.

We believe this is the most effective structure in the short term. That being said, we are her DAOists (here, dao decentralized autonomous organization). We aim to move as much infrastructure and governance to blockchain as quickly as possible. Our OpenSalary system will likely be the first component to move to blockchain. Stay tuned for more on the topics of OpenOrganization and DAOification for two organizations. Our goal is to get out of the business (registered with the state) if we do our job properly.

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