Uniform Scaling on Shard 1 & Economics Games on .1.country
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Uniform Scaling on Shard 1 & Economics Games on .1.country

Stephen Tse’s talk on 12/7 Wed in Palo Alto. First, uniform scaling on our Shard 1 – versus Layer 2 (Arbitrum), App chain (Cosmos), ZK Proofs (0xPARC). Second, economics games on our .1.country Web3 identity – about Internet domains (.country), crypto names (.1), radical markets (ONE).

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🚀 Uniform Scaling (Shard 1)

1. Layer 2 (Arbitrum)

  1. Single sequencers (Optimism) Our mainnet with 1000 nodes among 4 shards, live since 2019 June, grows linearly and boundlessly with transaction demands. (Harmony on sharding, Delphi Digital on rollup, Messari on rollup)
  2. Fraud proofs (Rainbow). Our consensus algorithm achieves 2-second finality and sub-second leader rotations via view changes, 60% liveness slashing, and constant-sized signatures. (Common Prefix’s audit, Bridge exploits, Ethereum’s design choices)
  3. Account abstractions (Near) Our network accrued $1.41B total value locked, $1.48B stakes, 120 active apps, 75 DAO governors, 371K monthly active users, 656K total wallets. (Harmony’s Q3, Messari’s annual thesis, Ethereum’s roadmap)

2. App chains (Cosmos)

  1. Data shards (Celestia) Our open staking, live since 2020 May, achieved 500 transactions per second (TPS) in production with state staking and beacon chain synchronization. (Celestia’s modular architecture, Progress on data availability, ATOM 2.0 whitepaper)
  2. State prune (Ethereum) Our elastic endpoints served 800M requests per day, soon with 1-block composable cross-shard transactions and validator resharding with gradual state sync. (Delphi Digital’s analysis, Solana’s downtime, Near’s dynamic sharding)
  3. Stateless clients (Mina) Our validator delegation and reward compounding are fully onchain – supporting 162 pools and 25.3K delegators, scalable to hundreds of thousands. (Recursive proofs in OCaml, Lido’s liquid staking, Proof-of-Solvency against exchanges )

3. ZK Proofs (0xPARC)

  1. Keyless wallets (Argent) Our ResearchDAO implements smart-contract wallets with SmartOTP (One-Time-Password) and Google Authenticator. (Timeless’s social wallet, Zindros’s rate limiting Loopring’s social recovery)
  2. Trustless bridges (Succinct Labs) Our research paper on gas-efficient bridge with FlyClient and Merkle Mountain Range achieves logarithmic inclusion proofs. (Horizon with Flyclient, Gnosis<>Ethereum bridge, Polygon’s Q3 on ZKP)
  3. Strategy games (Dark Forest) Our zkDAO explores nonbiasable randomness as Harmony’s virtual machine extension for tournament escrows, and verifiable fairness for Fog of War. (Harmony’s zkDAO, ZKU’s Blue Forest, Messari’s ZKP overview)

🥇 Economics Games (.1.country)

1. Internet domains (.country)

  1. Custodial escrow (GoDaddy) Uniswap-like market (payment, escrow, auctions, analytics) for $4.10B annual revenue, 10% auction commission, $1.40B treasury, 60.0M monthly visits, 21M customers, 84M domains, since 1997, public in 2015, 6.61K employees. (GoDaddy’s roadmap, Super Bowl’s commerials, TikTok memes)
  2. Identity profiles (Linktr.ee) 296M monthly visits, 30M users, 1.2B annual clicks, 64% under age 34, 88% traffic from Instagram + Twitter, $166M raised at $1.3B, $24 monthly fee, since 2016; Y.at, About.me (Link in Bio, Reputation identity, Social token thesis)
  3. Talent reputation (Linkedin) 875M members, $6B recruiter revenue, $5B ads revenue, 159M income, $26.2B acqusition in 2016 ($60.7 per user), 21.0K employees, $200 monthly fee, 58M company listings. versus Github’s 94M users & $1B annual revenue. (BrianTrust’s Q3, Github’s 10 years, LinkedIn’s pitch deck)

2. Crypto names (.1)

  1. Social governance (Ethereum Name Service) 2.79M names, 508 integrations, 609k owners, $1.41B Q4 treasury, 3.97K registrars & $9.21M revenue in May. (ENS’s Q3, Demand-based recurring fees, Messari’s social thesis)
  2. Onchain incentives (Unstoppable Domains) 2.90M registered, 1.74M mints, 401K on Polygon, 77.0K on Ethereum, 240K customers & $80M total sales, raised $65M at $1B valuation, $250K Zilliqa grant, 604 integrations. (NFT domains, Reddit’s r/place, 18xx game genre)
  3. Interoperable concepts (Soulbound) (Non-financial uses, TikTok’s audio memes, Telegram’s collectible identities)

3. Radical markets (ONE)

  1. Quadratic tax (Gitcoin) (Sandbox’s Q3, Decentral Game’s Q2, Network states)
  2. Sustainable rent (Axie Infinity) (ENS’s rent, Land’s big deal, Metaverse’s collapse)
  3. Fair price (Uniswap) (Future of gaming)

Builders & Future