Fungibility, Genesis Block, Gwei, Pamp, #SBTs, Probably Nothing?

What does it all mean?
Head over to our #Web3Glossary and find out! http://www.takeitbackcollective.com/glossary #LearnWeb3

Even though the #DeFi sector has been cleaned up🧹 quite a bit over the past year, which was highly necessary in our opinion, we expect it to flourish again in the coming years🌤️

Last year taught us SelfCustody is most important, so instead of trusting Centralized Exchanges (CEX) with your funds & Data, Decentralized Exchanges (DEX) will do really well.

Look out for AMM (automated market makers), especially if they implement their own Orderbook

AMMs by the way are decentralized exchanges where Users' liquidity is pooled.
Assets within the pool are priced using algorithms. The specific mechanics vary by exchange. AMMs provide deep liquidity, low transaction fees & 100% reliability for as many users as possible.

Also Collateralized Stablecoins, FIAT 💵💶on/off ramps & projects that explore interactions between social media, reputation & decentralized identities (#DIDs) will gain traction.

Think of Ethereum Name Service applications (ENS),Proof of Attendance Protocols (#POAP) or Lens Protocol applications.

POAPs by the way are granted to participants in events, courses, activities. It is like a badge of honor 🏅or recognition for being present/participating.

#Modularity 🧱is another key concept for blockchains to scale. The modular structure of these blockchains will allow them to more efficiently add new features & protocols. Modular blockchains focus only on specific tasks (consensus, execution,data availability & settlement) & offload the rest to other layers.

Examples:
arbitrum; zksync (execution)
sui; cosmos; Aptos_Network (settlement/consensus)
CelestiaOrg; eigenlayer (data availability)

Last in this thread are #SBTs
(Soul Bound Tokens) that represent your real untransferable ID on-chain.
Although we expect growth in that segment we are holding back.
SBTs can include medical records, work/education history or any type of info that makes up a person/entity. The reason why we are holding back is that reputation-based communities could devolve into a social credit system in which people with higher ratings receive greater privileges while others are barred.

This raises ethical concerns and denies people the opportunity to grow.

i should be able to share a PDF deck of "Security vs Privacy: Perfectly Paradoxical" with people but i had a partner so i am going to ask him first and honestly the slide content is pretty light we're talkers not readers!

the larger conference was the second one, presented here:
https://www.comcastlabsconnect.com/events/cybersecurity-2022

#SbtS #security #privacy