“I am receiving DCO for growing the community.”
What is Deco.Network Project?
Deconet is building blockchain technology for truly sustainable software development that equitably and automatically rewards contributors.
Deconet is a third option - a marketplace for code.
Developers can choose to charge for their code and get rewarded when other developers implement it on apps and websites.
Deco.Network Solution
The open source movement is one of the most remarkable human achievements.
However, there is still an enormous amount of wasted effort in the development
community in the form of solved problems which need to be tackled repeatedly
for each new implementation. In the case of mobile, consider that 5 million
apps are expected to be published in Apple’s App Store by 2020 and each of
these apps requires significant bespoke development to be created. Failing to
use existing building blocks results in a significant loss in opportunity cost. In
addition to the number of open sourced and free modules, there are modules
that exist but are private, only shared with select communities, unreliable, or
have unknown dependencies. The problem is that no incentive system exists to
expose existing and future unlisted components. This presents significant negative
externalities, and is a less efficient system for development. The solution,
two fold, first to establish a new market for reusable code where developers can
pay a fee for leveraging a building block or service that has been submitted by
another developer. The seller sets the fee to compensate for the value they provide,
and the use of modules improves developer’s likelihood of building a better application, faster and more reliably. Second, smart contract-based infrastructure
can act as the ‘bank’ for open source software projects. These solutions are
implemented in two components: Deco.Network and the Deconet Token (DCO).
Deco.Network is a marketplace and dashboard built on top of a decentralized
and smart-contract-based registry and repository. The DCO is the primary
unit of membership that network members use to curate the network with.
DCO serves two additional purposes by incentivizing adoption and for network
parameter setting. Application developers, the demand side of the market, can
use any cryptocurrency as the unit of exchange, thus giving the modules a
broader appeal.
Deco.Network Ecosystem's Smartcontact
Three interrelated smart contracts govern the Deco.Network ecosystem, and
they will run on the Ethereum blockchain. These are the Curation, Commerce,
and Project Banking contracts which govern the modules, packages and services
that are listed on the marketplace and the framework for accessing them,
providing a ‘bank’ for entities like OSS projects, respectively.
The Curation contract, which is based on token curated registries and detailed
above, enables DCO holders to curate the modules that are listed on the
network. The incentive structure established in the Curation contract will motivate
token holders to maintain the highest quality and most appropriate supply
side. The Curation contract also governs select parameters in both contracts.
The Commerce contract is what enables the application developers, aka the
consumers, to transact in Ethereum or any approved token, including USD
pegged stable coins. Upon receipt of payment, the purchase of a license or
exception is written to the blockchain.
The Project Banking smart contract enables developers with commit access
to be given a project to decide how funds that the project receives will be
distributed. Funds arrive either via donation or commercialization. This smart
contract is written in such a way that will mean governance projects like Aragon
and DAOstack can be layered on top.
Deco.Network Security
Deco.Network has partnered with Rivetz in order to provide a secure execution environment on a wide range of devices, including smartphones. Additionally, when Rivetz and other partners are not applicable, incentives can be aligned by having module creators staking DCOs when they have access to potentially private information. Modules that require access to potentially private information can be audited and sandboxed before being published to the ecosystem. This is part of the automated approval process. Using cryptocurrency as an example, pure React Native JS code cannot read from the device keychain so modules cannot even attempt to read a user’s private key. Another security measure example is the ability to force a modal prompt when a module wants to spend from a user’s balance of a crypto token. With Rivetz, transactions can be signed outside of module execution space. This provides similar functionality to a hardware wallet or hardware secure module, which is widely regarded to be the best solution for securely storing data. Furthermore, certificate pinning protects against man-in-the-middle attacks and ensures that only authorized application developers can leverage the modules they have access to.
Roadmap
TEAM
Token Details
Deco.Network will mint and distribute an ERC20 Ethereum token, which will be the unit of curation and membership for the Deco.Network ecosystem. The following principles are in place to establish transparency and stability. These principles are not an exhaustive list of interaction regarding Deco.Networks use of the DCO, but in place as a framework for stewardship of the community: At launch, Deco.Network will mint 100 percent of the 1,000,000,000 tokens. No further tokens can be created. The token will be available for purchase on Deco.Network
Distribution
Since tokens are completely functional for their purpose at time of purchase, they will be sent promptly. Please allow for some shipping and handling delays as we aim to enforce strict potential compliance regulations regarding KYC and AML laws.
For more information:
Website: https://deco.network/
Whitepaper: https://deco.network/whitepaper.pdf
Telegram: https://t.me/deco_network
Twitter: https://twitter.com/Deco_Network
Facebook: https://facebook.com/141925636407158
Author: tinhkhuat
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1885373
