Posts tagged distributed systems
Value production is inherently networked. Therefore, in order to thrive, it needs an architecture as granular, scalable, and flexible as possible in order to accommodate the kinds of diverse applications and interactions that will, in turn, support its self-organization. Here at the Economic Space Agency, we want to build an ecosystem in which everyone can launch and participate in crowdsales, and exchange tokens without breaking the network. For these reasons we are building GRAVITY: a new common infrastructure for the crypto-economy. As mentioned in our previous post, GRAVITY is an open source, general purpose computing fabric based on an object-capability paradigm. The logical decentralization that this affords introduces important innovations in terms of scalability and speed, and also the possibility to host on-chain solutions for multi-blockchain integration.
Distributed Autonomous Corporations (DACs) are a generalization of the concept of a crypto-currency where the currency is backed by the services its miners perform rather than a real-world commodity like gold, oil, or, ahem, thin air. If we can barter for goods and services, why can’t we back currencies with goods or services? DACs may be simultaneously viewed as crypto-currencies and unmanned businesses. As businesses, they perform services intended to be valuable to their customers. Such services might include money transmission (Bitcoin), asset trading (BitShares), domain name services (DomainShares), or a thousand other business models sure to emerge as people realize that DACs are not mere “altcoins”.