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Harmony's Open Development
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 & sub-second leader rotations – via view changes, 60% liveness slashing, 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, Data availability, ATOM 2.0)
  2. State prune (Ethereum) Our elastic endpoints served 800M requests per day – soon with 1-block composable cross-shard transactions & 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)

3. ZK Proofs (0xPARC)

  1. Keyless wallets (Argent) Our ResearchDAO implements smart-contract wallets with SmartOTP (smart-contract wallet with One-Time-Password) via 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 & Merkle Mountain Range achieves logarithmic inclusion proofs – along with our Bitcoin bridge. (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 extensions – for game tournament escrows & verifiable fairness as Fog of War. (Harmony’s zkDAO, ZKU’s Blue Forest, 18xx game genre, Messari’s ZKP overview)

🥇 Economics Games (.1.country)

1. Internet domains (.country)

  1. Custodial auctions (GoDaddy) $4.10B annual revenue, 10% auction commission, $1.40B treasury, 60.0M monthly visits, 21M customers, 84M domains, 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, 88% traffic from Instagram/Twitter, $166M raised at $1.3B, $24 monthly fee. (Link in Bio, Reputation identity, Make money online)
  3. BrianTrust’s Q3emo

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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, $640 for 3-character names. (ENS’s Q3, Demand-based recurring fees, Messari’s social thesis)
  2. Onchain incentives (Unstoppable Domains) 2.90M registered, 1.74M mints, 240K customers & $80M total sales, raised $65M at $1B valuation, $250K Zilliqa grant, 604 integrations. (NFT domains, Telegram’s collectible identities, Namebase’s stats)
  3. Interoperable memes (Soulbound soceity) TikTok $10B ad revenue, 96 min daily; versus Reddit’s 1.7B monthly visits, 333 updates per seconds, 100k concurrent users, 2.83M Avatar NFT. (Non-financial uses, TikTok’s audio memes, Reddit’s r/place)
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3. Radical markets (ONE)

  1. Sustainable rent (Axie Infinity) All zoning laws are replaced by a property tax floating between zero and five percent based on approval rates by residents in real time. (ENS’s rent, Metaverse’s collapse, Future of gaming)
  2. Quadratic tax (Gitcoin) ”To create cooperation for global communities, and scale their digital economies.” No reply, only agree or disagree, clustering people in consensus. (Computational democracy, Decentral Game’s Q2, Crypto governance, Sandbox’s Q3)
  3. Fair price (Uniswap) Our mission ”To Scale Trust and Create a Radically Fair Economy”, enabling every ONE of 10 billion people to create wealth in harmony. (Decentralized vs efficiency, Plural property, Land’s big deal)

Builders & Future

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Talk Transcript