Preface
Statistics show that the number of those who plan to create their own blockchain projects is constantly growing. At first glance, it seems that this is not such a difficult task, since the prerequisites for the implementation of such plans exist. The Internet works, there are global blockchain projects, such as Bitcoin, Ethereum, Polygon, etc., on which you can deploy your smart contracts and organize their work within the framework of your project. However, in reality, such a task is not so easy to solve, and developers may face certain difficulties. Quite often, problems arise related to the presence of legislative barriers, since in different countries the laws can be quite strict in relation to crypto projects. Serious difficulties may arise due to the lack of the necessary infrastructure or lack of resources to maintain it, due to low competence of personnel or lack of experience in teamwork. However, the existing barriers to the creators of blockchain projects do not at all mean the impossibility of their implementation, since blockchain Infrastructure can be successfully given by any professional provider.
Benefits of DAO
Creating a decentralized infrastructure for the implementation of a primary project with the subsequent opportunity to provide it for some other blockchain projects is a real task. Supporting such a decentralized infrastructure can easily be handled by a decentralized autonomous organization (DAO). The advantages of such support are obvious, since only DAO:
- can ensure the collection of commissions for transactions in fiat currency with a guarantee of transparent payment for the work of validators;
- capable of ensuring resistance to external interventions in the infrastructure;
- allows you to easily and conveniently add new participants
The means of implementing decentralized infrastructure is cryptocurrency. When a blockchain project begins issuing its own coin, this means that, first of all, cryptocurrency is needed to maintain the infrastructure.
Decentralized infrastructure protocols
When creating a decentralized infrastructure, three protocols are frequently implemented : EVM, HLF, Tendermint/COSMOS. The reasons for this are listed below.
1. The EVM protocol is a global library of almost all smart contracts that exist in the blockchain world. The downside of the EVM compatible protocol is poor scalability and low throughput.
2. The HLF protocol is indispensable for high-load projects. The downside of this protocol is that not all specialists can work with it.
3. The Tendermint protocol is a kind of intermediate option between EVM and HLF. The protocol scales quite well, although less well than HLF. There is less code written for Tendermint than for EVM, but still quite a lot. Using this protocol in connection with the COSMOS cluster, any local project can be scaled to the global level.
All three of these segments must be connected de by the bridges to ensure good communication between them, as well as maximum use of the advantages of each protocol. In addition, the system of the three listed segments should not be closed, i.e. it should be possible to add new segments to it.
Application of decentralized infrastructure
The created decentralized infrastructure can be used in various areas of business, small and medium-sized companies, as well as large organizations. Due to large-scale using, we want to make emphasis on web 3 area. For example:
– support for biometrics, including photo and video identification for various purposes, for example, when carrying out financial transactions;
– signing transactions in different ways: signing in the classical way (without the use of crypto knowledge by the person), signing with an external application (for example, Metamask), signing with a key custody service;
– no mandatory payment of commission in cryptocurrency;
– embedding a zero-knowledge proof algorithm (ZKP) into various types of transactions.
The next emphasis in the large-scale use of decentralized applications can be placed on solving taskss within decentralized autonomous organizations. For example:
– organization of any type of voting (anonymous or open) related to the adoption of any decisions in organizations where participants in shares own certain assets;
– joint financing of any business (crowd funding), when those who organized a DAO to finance a business have strictly limited influence on the process, and those who invested their money have broad powers and opportunities to control expenses;
– various charitable platforms, which are a completely transparent, controlled blockchain, with ratings of both the funds themselves and those who implement the tasks of these funds;
– functioning of various communities of professions and interests, various advertising systems;
– implementation of various projects for private customers with a guarantee of data privacy.
Practical steps in implementing a project to create a decentralized infrastructure depend on its specific goals. However, mandatory steps should include creating a community of those interested in such a project, attracting potential validators, initially deploying infrastructure under HLF, and selecting a partner to deploy the EVM segment.
