Parity Technologies announced a couple a days ago the launch of Substrate, a set of tools for designing, creating and launching your own blockchain. You may have heard of Parity being mentioned in the context of Ethereum (it's one of Ethereum clients) or Polkadot. And you would be right, because here's what Gaving Wood, the head of Parity, said about Substrate:
“Substrate takes all of our lessons learned in building Ethereum and Polkadot and distills that down into a stack of tooling that allows you to get all of those same rewards… for free.”
Think of this collection of tools like you would think of a web server. It has everything you need to set up your own website. But instead of a website, you would be launching a full blown blockchain. Think "Steem-on-demand", or "Ethereum-on-demand", as everything you may think it belongs in a blockchain (block execution, consensus mechanism, currency management, smart contracts) is already there, either at a core level, or at a pluggable module. If you fancy a nice, techy lecture, go ahead and read the official announcement.
In many respects, I think this launch, although it's not a very spectacular event in terms of market, price, of other crypto memorabilia, marks an important milestone in our times. After EOS, another "do-it-yourself-blockchain" solution hits the shelves, this time even more customizable and even more interconnected (once you develop your blockchain with Substrate you can also integrate it with other blockchains following the Polkadot protocol).
We reached to the point where everybody can have their own blockchain, just like during the dot com bubble everybody could launch their own website.
Only this time we're playing not only with content, but with money and social organization. Whatever we think we know about both - money and social organization - will never look the same.
We do live extremely interesting times.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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I would like to keep this pos for reference.
Resteemed!
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Interesting and I suppose inevitable...
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This is great news. I was just mentioning to someone how easy it is to release just a token on something like BTS, and a few other platforms that aren't to difficult to put out a token on, but having one's own coin just as easily would be amazing.
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making a coin is easy, making people use your coin is awfully difficult :)
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Normally I can definitely see that. It's not like that for our project though, since it is a different model than most. We're focusing on creating a token economy around service IRL. We already have huge networks (I have 30k just by myself) and potential funders in the millions. We wouldn't need an ICO. The coin would be distributed for reward for service actions in the world. Instead of funders investing for profit, it would be more like a blockchain non-profit, only without the tax advantages since we aren't going to get 501c3 status I don't think. Maybe more like a Bcorp.
Anyway, we're still fleshing out the ideas and bringing more people into the alliance. But we are more challenged by picking easy enough tech, because so far none of us is a techie. We start with the social networks, unlike most crypto projects. And aren't looking to make money off it, just increase certain benefit in the world.
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That sounds like a very interesting project. Good luck with it :)
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Merry Christmas, enjoy the vote!
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Thanks, Bernie, Merry Christmas to you as well :) You talking about this post vote, or about a witness vote?
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Witness vote would have been better.
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He's just spamming. He means he gave you a zero % vote on this post. He's leaving these all over the place.
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Well, there was a vote from @ngc and as far as I know @ngc is another account of @nextgencrypto, a.k.a. @berniesanders, a.k.a. a lot of other accounts I won't mention here :)
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You've been added to the ignore list. Apologies for the "spam".
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🏆 Hi @dragosroua! You have received 0.1 STEEM reward for this post from the following subscribers: @cardboard
Subscribe and increase the reward for @dragosroua :) | For investors.
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