Meet Robert Wesker’s point o view on many aspects related to the blockchain. We will talk about Candao, privacy, Ethereum, and trends in blockchain in the post covid era. Check how much you can learn from the experienced Co-founder of our project!
Robert Wesker is an experienced entrepreneur with a passion for creating social networks – he has created his first in 2005. For many, years he observed startup funding approaches. Where does the idea of Candao come from? Someone once said that 80% of a startup’s cost is people. Robert decided to change that paradigm and create a platform where users can develop their personal tokens. It will allow users to list their projects and sell their skills. That is how Candao was born – a complete ecosystem to fulfill everyone’s needs.
The goal of Candao protocols is to create a platform where people with similar aspirations, views, and objectives will build community and create value. It means constant information circulation and multilateral communication. Nowadays, privacy is a complex subject, but we know how to provide it, even on a broad market. What does it mean in practice? On our platform won’t appear any information that is not verified. The source is the key – information that the data author does not confirm may be hidden or even banned. Blockchain technology makes it possible to achieve such a high level of privacy.
DAO future in the current market situation context
Decentralized Autonomous Organizations are the future solution from business, social and organizational approaches. Will they survive the current market situation – yes, undoubtedly. We can even switch the analyzed subject line and ask what will happen with the entrenched patch considered and centralized systems. The government needs to be given to the democratic hands. The current problem is that people need to learn about DAO and understand how to use it on a bigger scale. Looking globally, we can see bigger scale decentralization symptoms, such as Web 3.0, where users have the power to read, write, and own. However, there are still some risks, such as disinformation and unequal levels of education. DAO is an idea that, at the moment, is aimed at smaller groups of people. In time, this will change step by step. It is reasonable to say that we will not see governments in a few decades but rather structures similar to DAO.
Increasing Ethereum fees and their impact on the ecosystem
Rising Ethereum fees have a negative influence on the market balance. In the first week of many decentralized exchanges (DEX). They were dominated by whales, which negatively affected smaller, individual investors. DeFi aims to raise economic democracy and promote access to products and services. If we want to achieve the equilibrium of the crypto market, there need to appear both smaller and bigger investing entities. Hovered on Ethereum blockchain, there are still created more and more Dapps and NFTs. Many DeFi platforms build bridges, which allows them to connect other blockchains with the Ethereum chain. In the long term, it will let the transactions fees get lower.
There are also positive aspects of the situation. Despite high gas fees, the whole system is functioning effectively. Thanks to this, competitors had the opportunity to bring their products to market. Ethereum is expected to go PoS (Proof of Stake) around 2022, which will make it more scalable. Polygon did an excellent job. They created a plasma side chain, the faster and cheaper version of the Etherum blockchain, simultaneously inheriting the security of the native Layer 1 blockchain. Most of our tools will be working on the Polygon while connecting with the other blockchains.
DeFi and traditional systems
What is happening in the world is not a revolution but an evolution. We need to start implementing decentralized finance on a much broader scale. All value in the market is created and developed by people to benefit the end customer. Public opinion needs to recognize those processes, s that are both countable and uncountable. Imagine software generated by the community and its profits distributed to you through intelligent contracts. Imagine that DAO society could fund much more – productions lines, AGD, movies, or music. The possibilities are limitless. First, combine trademarks, patents, and ownership with NFT. Second, distribute the benefits worldwide and make the data available to token holders. Third, use smart contracts to distribute those profits. We can call it the digitalization of reality, creating a new world where everyone will participate in that process.
Limitations on Dapps and DeFi apps working on the Ethereum blockchain
Dapps are fabulous creations with decentralized souls, but problems can occur on the maintenance and update side. Some of them require complex KYC, which negatively impacts user experience. Dapps are built on blockchain and use complex protocols, and they need to be constructed to allow them to scale in the future. It is not enough to create an app and add more features.
Candao Protocol and its comprehensive social Over-Layer within the crypto space
Similar to Layer 0 in blockchain, in Candao, we have an Over-Layer concept for applications and their tools. Le’s imagine the tokenization of online and offline assets, people and their skills, networks, contracts, intellectual property, and much more places in one space to fit it for those looking for it. Imagine the situation where many applications are connected within one location. That is where the metaverse comes into play, allowing users continuity under one roof within a trusted public ledger where users store private keys to their data.
Trends in the cryptocurrency ecosystem in the post-Covid-19 era
There is a growing interest in cryptocurrencies, investing, new projects, and solutions for companies and people. Blockchain meets them, but we still need decentralized social media, organizations, or governments, and this will require proper adaptation from the legal side. The pandemic is a big surprise and an opportunity to go further in the decentralization of people working in the virtual space. The adoption of cryptocurrencies could potentially be accelerated by this, as acceptance of the digital space is snowballing.