The hub of web3 builders

Joined June 2022
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Unto the mystic realm of Web3, all souls shall be welcomed and granted safe passage.
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Both builders and projects need support. Support is a very scarce resource. And every business field is a competition. Meaning any resource that you don't have puts you at a disadvantage. DGC realizes this, and we want to help you succeed. Here is a summary of the four most important ways DGC will offer support. #Builder's support: - Direct channels to web3 project; - Designated jobs platform; - Designated cloud-based educational & educating platform; - Digital & IRL events; Project's support: - Incubator; - Launchpad; - Direct channels to #VC funding (Venture Capital) & other projects; - Coaching by the DGC team; You can make it alone, but the chances of success rise dramatically once you have someone to support you. Once DGC launches, together, we shall change the future of #web3!
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The crypto space is filled with scams, rugs, and distrust. But your business only needs ONE good partner to break through those assumptions! Significant resources need to be used to find the right one. Because when you discover that "one", you will also discover their #network. Chances are they have probably invested similar resources to partner carefully. Which means you get another potential #partner with little to no resources expended! In the unlikely chance they have no partners, worry not, as if this partner is the "one", they would eventually expand it. And guess who benefits from this inevitable expansion? 👀 Worry about finding "the one" now, as when the #crypto bull market rolls around, it will be significantly harder to accomplish this!
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Many projects are frustrated because of the reputation #web3 has. And although we also don't like it, to say that it is without reason it is also false. But as everything gets quieter, and scams go away, it is projects like yours that bring hope. That will shift the current reputation & reshape the future! And DGC is fully committed in helping you succeed. Trust will be key in the next #bullrun, as many got burned in the current market. And there isn't a better way to earn it than to build with passion now when everyone else has moved on. Stick by that, and your project will be one of the leading ones when the bull market comes. Especially when more #crypto projects are quitting by the day.
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Every successful business has a tightly-selected #network. But to build it, you need to have options to select from. Here are a few tips on increasing the value of you & your #business: - Reach is everything. Increase it by all means. Obtain it, and people will line up to be your partner; - Dress well and have a fit physique. This projects confidence & competence; - Be transparent & genuine. This way you build trust in #web3, where trust is scarce; - Ask yourself if you would partner with your business. List the reasons why you wouldn't, and try to solve them; Remember, you need to offer something to your #partner before seeking them. Settling for something without quality will not give you the desired benefits from the #partnership.
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Selectively managing your close network should be a top priority of any entity at any level. This is because: - The more close #partners you have, the less you will be able to closely work with them. Your resources are limited and need to be managed wisely. - The close connections you add to your network also grant you access to their network, thereby indirectly growing your network by double or triple digits; - The better you curate close #connections, the more value you will get; - The value your partners give you should be at least the same as the value you offer; Sticking to the points above makes sure that the #network you build will be desired by many.
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Are you willing to grow your Web3 #network, but don't know where to start? Apart from joining DGC, you must make additional efforts to build a concrete network. The main way people network in #Web3 is by going to IRL events, as mostly committed Web3 parties show up. DGC will further incentivize this by offering free Web3 tickets to most events to a certain club tier, as well as offer media coverage of the events for members who couldn't make it, but wish to follow the agenda. A cost-free way to do this is by reaching out on Linkedin, as the more professional platform currently. This method works for mass #networking, but you can't reliably be sure if a specific party will look into your proposal. Interacting with X or Discord users is also a way to network, as you can get to know people in a more natural and authentic conversation.
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Every living thing has a crisis. And living doesn't just apply to being alive. Living can also be applied to businesses, as they are living in the #economy. When they undergo a crisis, their resources will be spread thin. In these times, it is important to have a good #network that will help you sort it out. Because you may travel the fastest alone, but you will make it the furthest with others. DGC will be a networking hotspot with established individuals, #businesses, #VCs, etc. But until we launch, you must keep expanding your network in order to ensure you continue to thrive, as times of crisis are unexpected, but they can hit. Hard.
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zk- SNARKs vs zk-STARKs Both have their appropriate use case, with #SNARKs being the more popular choice. In terms of security, STARKs are better as they use a trustless setup while making no sacrifices on security. SNARKs on the other hand require a trusted setup. STARKs are also quantum-resistant, while #STARKs are not. In terms of expenses, SNARKs are projected to be x4 times cheaper than STARKs, while also taking up smaller space and less time to generate proof, as long as the witness isn't too big. #Scalability, however, belongs to STARKs, as larger witnesses can be computed off-chain, with no significant increases in time to create proofs compared to SNARKs, which grow linearly. The constant time verifications give SNARKs an edge when it comes to low-proof generation, as STARKs slow down significantly if there isn't much network activity. In conclusion, although STARKs seem better on paper, SNARKs have captured the majority of the market due to their head start & adoption. But both #ZK technologies should find their use cases, as they offer a solution to the other's problems.
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#zkSTARK stands for #ZeroKnowledge Scalable Transparent Argument of Knowledge. It requires a prover, verifier, Probabilistically Checkable Proofs - PCP (with Interactive Oracle Proofs - IOP), and a witness (secret knowledge) to work. Here are some points about them: 1. ZK refers to the verifier having a reliable confirmation without them having access to the data. 2. By utilizing the PCP and IOP, STARKs have been able to develop a trustless setup that doesn't sacrifice on security. 3. STARKs use collision-resistant hashes for encryption, which makes them resistant to quantum attacks. 4. They are optimized for scaling, as the size of the witness barely increases the output time. 5. Although STARKs are succinct, they are many times larger than SNARKs. 6. Generating false proofs is impossible, as the prover must satisfy the witness to generate it. 7. A drawback to STARKs is that they require a lot more gas to generate proofs. 8. If there are few proofs being created, it will take a lot longer for them to be verified. Currently, #STARKs are seen as the most secure & scalable #ZK technology being built.
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zk-SNARK stands for #ZeroKnowledge Succinct Non-interactive Argument of Knowledge. It requires a prover, verifier, common reference string (CRS), and a witness (secret knowledge) to work. Here are some points about them: 1. ZK refers to the verifier having a reliable confirmation without them having access to the data. 2. They are succinct (small in size): the proof is smaller than the witness, which also offers low on-chain storage. 3. #SNARKs require low gas fees compared to their peers and are projected to need 1/4th of the gas that STARKs will. 4. The time required to generate the proof is linear to the size of the witness, which sacrifices on scalability but offers consistency. 5. By requiring only one interaction, the proof can be generated indefinitely, as it doesn't require continuous interactions. 6. Generating false proofs is virtually impossible, as the prover must satisfy the witness to generate it. 7. zk-SNARKs have one vulnerability, as generating CRS is a sensitive operation where a string is generated by trusted parties, and is crucial for security. If the randomness used in generating the CRS gets compromised, then one can compute false proofs. 8. Their small proof sizes & constant-time verification make them ideal for blockchain apps. SNARKs are the most popular #ZK technology currently, but they are not the "best". We will take a look at STARKs soon. Stay tuned.
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Don't you feel paranoid when someone looks at you too long? Now imagine, someone can spy on your finances & identity at their will. This is the exact reason why we need crypto #privacy, one of the original purposes of #crypto. And this seems to be possible with #ZeroKnowledge technologies. They offer the following: - Anonymous transactions, making sure your identity is safe; - Identity protection, providing witness proof without the actual document; - Authentification, easy & convenient access to services due to the witness proof; - Verifiable computation, where computing can be done off-chain securely; There are 2 major #ZK models currently developed: -zk-SNARKs; -zk-STARKs; We will break each one down in a future tweet.
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#Layer2 scaling is a transition that Ethereum will either make it or break it. It's more complex than it sounds, as there are a lot of L2 in development. With that, another issue arises, and that's integration between them. It will be tough to manage the funds of every single L2, let alone send them between them. On top of that, the coding language used to build the L2 matters, as they should use a semi-compatible one that will allow them to integrate to some extent. Otherwise, no #scaling ecosystem between L2 can emerge, thereby sabotaging the entire purpose of #Ethereum! And the most important one: make #TPS moon. This is quite necessary, and the whole point of L2: to decrease gees fees. Much work will be needed for all of this to be implemented. And DGC & members will try their best.
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"The three transitions" @VitalikButerin has been pretty vocal about the changes necessary to #Ethereum. Wallet security, L2 #scaling, and privacy transitions. Those are the three transitions. Let's address them. Wallet security is a big issue for web3 from the beginning. Vitalik links an analyst who suggests that 1500 #Bitcoin are lost every single day. Not stolen. Lost. And while we are on the topic of stealing, you probably have a story where you or someone very close to you has been scammed. To solve this, Vitalik proposes smart contract wallets. Or rather socially recoverable wallets. They will allow users an alternative: most of the #security that multisig hardware wallets offer, without the headache of managing them. This will allow an easy & secure way for the average Joe to use, granting the possibility for mass adoption. Exactly what you, the builders in the club, and the club itself need for us to scale up our ideas & businesses to the next level!"
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Ethereum is a huge disruptor to the way we currently live. Imagine instead of a degree or diploma, you get a non-transferable #NFT that is bound to your wallet. This extends to birth certificates, IDs, passports, and further to property, credit, debt, and so much more! Ethereum is the foundation, like the internet, to where the dApps the equivalent of Amazon, Meta, Twitter, etc. will be built on #Ethereum. But because they are #centralized, they failed numerous times to protect their data from governments. The next step is obvious: #decentralize everything! Do you have an application that you think you want to start building? Join us to become a part of history!
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Bitcoin is a huge disruptor to the way we currently live. Imagine a transparent currency that cannot be manipulated, and doesn't depreciate in value A perfected gold, where the bad properties of gold are no longer there. You don't have to imagine it, we have #Bitcoin. No more conspiracies about what happens when trillions of dollars of government money vanish. That is if we make it in time before #CBDCs do. In a race against the clock, we must be faster. #Web3 is united on this issue, and DGC will work tirelessly on accelerating the former.
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If ETH fails to scale, it dies" - Vitalik Buterin And right he is, as it is a massive issue. Currently, gas fees are unaffordable for a lot of people, as gas costs around $4-$10 per transaction! Now, imagine a new bull run ensuing—activity multiples, and the price of $ETH rockets. It will be like a traffic jam, as one transaction may cost up to $100! It is unsustainable! A lot of #Ethereum developers are working on solutions, such as sharding and L2, which help with scaling. To bring this into reality, we need to work, really hard. The club will. Are you joining it?
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The bipolar nature of the world means a struggle for power and control, and #money is the best way to do that. They will do everything to suppress the honest money they can't control, #Bitcoin. To add to that, Bitcoin has some attack vectors, as it faces some scaling issues. For example, transaction fees are high for third-world countries. The #LightningNetwork solves this, but who will transact on mainnet to cover the electricity costs of the miners then? Puzzles like these are what motivated us to build DGC. So we can solve them & grow together!
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Cracks have started to appear in the financial system. #BRICS countries want their own currency, as the world is moving away from the #dollar into a bipolar world. As the world divides further and further, how will people settle transactions in a common currency? #Gold seems like a good option until you meet an ill actor and get robbed. Or we encounter Executive Order 6102 again. Do in fact google it. For thousands of years, we settled on gold as it was the best option we had... until a new player stepped up to the game. #Bitcoin #Bitcoin #Bitcoin
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#Entrepreneurship, #Innovation, #Leadership, #Growth. Four necessary components for building anything. And especially in web3, where the landscape is ever-changing and flexibility is needed in order to achieve success. DGC recognizes this and embraces these four core values, as all of web3 has an idea of what the future will look like. But not many of #web3 are willing to build it and foster it into reality. This happens because those who build it lack the before-mentioned values. If you're an individual who embodies the same values, are you willing to level up? Are you willing to join a community of like-minded individuals? We will be waiting for your answer. 👇👇👇
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For the past 2 years, the web3 space has been drowning in scams, rug pulls, hacks, etc. As recently as a few hours ago, the #BASE chain's main DEX got hacked, and their biggest coin $BALD rugged. How should you protect yourself in an unregulated industry, where the before-mentioned events are all that common? The final say will always be on you, while DGC will be providing thorough expert research and analysis for #Crypto & #NFTs independently. This way, club members can be better informed and subsequently trade with the trading bots we are developing ourselves. We will also secure high-demand whitelist spots so that DGC members can have priority access to exclusive projects. If the whitelist project is over-allocated, worry not, as DGC also has you covered, as we are developing a minting bot too. We believe this minimizes the #security risk that club members have while boosting their knowledge which provides better #trading opportunities.
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