Analyze the role and significance of the Web3.0 social network graph from identity to contract

write in front

Recently, I saw some senior people in the industry discussing issues related to identity and contracts. After learning, I have learned a lot. I sincerely thank them for their efforts and selfless sharing. Here, I would like to combine my recent learning and thinking in the Web3 social network track to conduct a review. One is to strengthen what I have learned, and the other is to do some work from the perspective of identity and contract, combined with the development of social network graph protocols in the Web3 field. Explore and think.

Who we are in Web 2.0

The Internet has gone through Web1.0 and Web2.0, and is currently moving from Web2.0 to Web3.0, from the Internet of Information to the Internet of Value. The industry’s common expressions for Web 1.0, 2.0 and 3.0 are: Web 1.0 is readable, Web 2.0 is readable and writable, and Web 3.0 is readable, writable, and ownable , as shown in Figure 1-1:

Analyze the role and significance of the Web3.0 social network graph from identity to contract

Figure 1-1 Iterative evolution of Internet Web 1.0-3.0

Such iterative evolution is based on changes in the underlying technical architecture, and the driving factors behind it are closely related to the serious centralization characteristics of the Internet when it develops to Web 2.0.

Some people describe it this way: The paradigm of Web 1.0 is platform creation, platform ownership, platform control, and platform benefit; the paradigm of Web 2.0 is user creation, platform ownership, platform control, and platform distribution. With its control over the technical infrastructure, social media platforms have complete ownership and control over the digital content created by users. The platform can decide to edit, modify, delete and block users’ content, and even delete users’ accounts. , expel users from their social networks. The value created by this digital content is also determined by the platform as to how it is distributed. The value of a large number of data footprints generated by users in the process of using the Internet is also occupied by the platform for free.

As I described in “From Web2.0 to Web3.0, Social Network Graph Aggregation Changes in Three Steps”, we obtain an identity given by a centralized platform by registering and filling in relevant information in the real world, but We have no autonomy in this identity. So a question arises, who are we after leaving the centralized platform? Extending your thinking, in this real world, without the “proof of various centralized authorities”, can you still prove that you are you? (Of course, this latter issue is not the focus of this article)

So it’s time to make some changes!

 From Web2 to Web3, an “identity to contract” movement

Blockchain is actually a decentralized computing protocol (Protocol), which can be understood as a set of rules formulated by code. In particular, the emergence of smart contracts (Smart Contract) has made “Code is the law” a consensus in the encryption world. At the same time, all Web3 applications are connected and interacted based on blockchain addresses, completely stripped of real-world identities, such as country, ethnicity, skin color, etc.; and the acquisition of addresses does not require permission, and there is no additional position, wealth, and status. Here you are free and equal. All applications built based on these basic technical frameworks are strings of software codes, which makes us more aware of the upcoming Web 3.0 virtual world, metaverse, etc. They are a system completely based on contracts, which are closely related to reality. Identity doesn’t matter. This is quite impactful and imaginative, and it makes people who pursue freedom, fairness, and desire for change and opportunities in reality full of expectations. In this regard, can we say that the migration from Web2 to Web3 represents an improvement? As Henry Maine said in “Ancient Law”: “All the movements of progressive societies, so far, are a ‘from identity to contract’ movement.”

And the Web3 social network graph protocol came into being, and it seems to be here!

The Web3 social network graph will accelerate the construction of a contract-based crypto-economy

Web3 DApp is a set of contract rules

The application in Web2 is represented as App, while the application in Web3 is represented as DApp, the difference is that the latter is a decentralized application. The bigger difference is that App often represents a software product, while DApp is generally called a software protocol. In the blockchain-based encryption world, whether it is digital assets, cryptocurrencies, or DeFi, decentralized storage, etc., there is an agreement behind it, which can also be called a contract.

The idea of ​​making an agreement is different from that of making a product: products focus on functions, services and business logic, and consider the interaction between products and users; while agreements are rules for interaction and collaboration with other agreements or standards. For example, by providing token standards ERC20, ERC1155, etc. to achieve asset standardization, it is convenient for various parties to communicate and collaborate with “unified token standards as the basic asset agreement”. Once an agreement is formed (a contract is reached), its role is consistent and globally penetrable within DApps or between DApps, thus reducing friction, greatly improving the composability and scalability between agreements, and improving the use of assets and digital resources. Transmission and utilization efficiency to stimulate native innovation.

Different DApps are narrow economic systems with different functions

The economic system in the narrow sense refers to the organic whole composed of several economic elements that are interconnected and interact with each other in the production, exchange, distribution and consumption of the society in the production process. These four links are responsible for several parts of the work, respectively, to complete specific functions. DApp can be a set of economic systems in a narrow sense, which is related to the implementation of the underlying blockchain distributed ledger technology, and also related to the way DApp operates, such as the Tokenomics model and the governance method of DAO. We take the distributed ledger implementation of BTC as an example, as shown in Figure 3-1.

Analyze the role and significance of the Web3.0 social network graph from identity to contract

Figure 3-1 The narrow economic system formed around BTC

The blockchain is not only a distributed ledger realized by “technology”, but more importantly, the process of creating a ledger, which is actually the process of creating an “economic system”. Through the rules of “mining”, “bookkeeping”, “currency reward”, etc., from the beginning, many elements such as subject behavior, economic activities, currency and finance are brought into the process of creating “distributed ledger”, and technology, currency , subject behavior and relationship, trust model, incentive mechanism, etc. are organically integrated to build a new trust mechanism (consensus mechanism) of “decentralized trust”, creating a “competitive computing power-production BTC-decentralization” Accounting-Reward Distribution-Exchange and Consumption” narrow economic system. Therefore, the distributed ledger is an “economic system” in its operation, and different blockchain distributed ledgers are different economic systems. For example, the BTC blockchain ledger is a set of electronic cash transaction systems based on “BTC”; the ETH blockchain ledger is a set of industry application systems based on different smart contracts, currently mainly financial application systems.

The economic systems represented by these DApps are implemented in the form of protocols, which are open, permissionless, and extensible, just like “Lego”, which can be smoothly connected, freely combined and efficiently innovated. This is equivalent to the connection, interaction and innovation of different economic systems, which promotes the formation and development of a new form of Web3 encrypted economy based on contracts.

Accelerate the construction of encrypted economic ecology with the “Social Network Graph Protocol + DApp” model

In “From Web2.0 to Web3.0, The Three Steps of Social Network Graph Aggregation and Change”, I once analyzed that in the native world of encryption, “protocol” has become the core basic element, and people are marginalized, the result is that each DApps can realize the interconnection of data, assets, and protocols, but people are isolated, let alone a native social network. The emergence of the Web3 social network graph protocol fills this gap and will play a crucial role in the construction of the Web3 encryption economy.

The Web3 social network graph is implemented in the form of a protocol, which can be freely combined with various DApps to realize the “social network + DApp” model. On the one hand, users have autonomy and can interact between DApps with “addresses” to rapidly expand their personal interpersonal network and further build a larger-scale social network graph between users; on the other hand, as an initiator DApp project parties, because of the combination with the social network graph protocol, can quickly gain user scale growth, overcome the cold start period, and greatly enhance the commercial application value of DApps. Therefore, the two support each other and promote each other, and finally form an encrypted economic scale effect of “user scale + social graph + DApp”.

Design and build your Web3 identity based on contract interactions

Interacting with each DApp by address undoubtedly strips off the user’s identity, but the on-chain data generated during the interaction is owned by the address, so the user who owns the address has the ownership, management and control rights of the data. These data on the chain are endorsed by the blockchain distributed ledger technology, which is credible, traceable, tamper-proof, and loss-proof. When accumulated, they form the user’s personal characteristics, social relationships, and behavioral trajectories. Users can use this as their own portrait. , which is difficult to do in Web2. In this way, users gain the initiative, and can change themselves by planning and designing what they want to be, and change themselves based on agreements (or contracts), and constantly improve “my Web3 identity” in practice. The principle can be shown in Figure 4-1.

Analyze the role and significance of the Web3.0 social network graph from identity to contract

Figure 4-1 User portrait based on DApp interaction

The following is a detailed description of the personal homepage formed by using the social network graph protocol, as shown in Figure 4-2.

Analyze the role and significance of the Web3.0 social network graph from identity to contract

Figure 4-2 Web3 user’s personal decentralized homepage

Such decentralized user profiles include:

  • Personal information : such as avatars, nicknames, addresses (including ENS), as well as apps and DApps that users have interacted with or used, such as Twitter, Opensea, Rarible, etc. Click to see related assets, collectibles, operation records, etc.
  • Assets: including NFTs, encrypted digital currencies, certificates, etc.;
  • Content : articles, chat records, etc. published in different media; for example, if you publish an article on Mirror, it is recorded in real time here;
  • Behavior: Transactions, transfers, and signatures in different DApps such as Uniswap, Opensea, and Pancake form the user’s on-chain behavior track, which can be queried and traced;
  • Badge: Participating in some on-chain or off-chain activities, the certificate awarded by the organizer is a kind of user behavior record, and it also represents a symbol such as honor and achievement;
  • Credentials: The user’s behavior credentials in the Web3 world are formed by on-chain data such as transactions, transfers, signatures, donations, proposals, and voting;
  • Social relationships: Represent an individual’s interpersonal network from the two aspects of “people you follow” and “people who follow you”, thus forming a social network graph.

Such a portrait, when mapped to reality, will form a “decentralized identity”, which requires no more words and no authoritative proof. The data on the user chain completes “trusted self-certification” – this is “I”. In addition, with the development trend of Web3, the popularization of applications and the increase in the frequency of user interaction, “I” is also growing. On-chain data, assets, behavioral trajectories, credentials, etc. will feed back the identity of the real world, which can be used as an individual’s asset strength, skills and abilities. , experience, circles and other aspects of the proof, the future can be applied to the daily personal credit, job hunting, financial loans, VIP membership, etc., and even can change the social status in reality.

Different entry points and development paths but the same goal

There are already some well-known social network graph protocols, such as 5Degrees, Cyberconnect, RSS3, Lens, etc., but they are all in their early stages. Due to the differences in the background and positioning of the project parties, each protocol has different entry points and different development paths. However, in building a social network graph, empowering DApps, and expanding the Web3 encryption ecosystem, it should be the same goal.

Take 5Degrees for example. According to my personal understanding, I have drawn a “5Degrees value circle layer map”, which is expected to express the relationship between 5Degrees’ positioning, protocol standards, developer ecology, application integration, ecological network, scale effect and other factors in an intuitive way. , in order to sort out the development path and value realization of 5Degrees. As shown in Figure 5-1.

Analyze the role and significance of the Web3.0 social network graph from identity to contract

 Figure 5-1 Value circle diagram of 5Degrees

As the basic protocol of Web3.0 social network incubated by TP wallet, the positioning of 5Degrees is somewhat similar to a “meta-protocol” of social network–Profile+Follow, focusing on the construction of basic modules of social protocols. We analyze that such positioning is closely related to TP wallet. As the entrance to the encrypted world, TokenPocket is the leader of digital wallets. It has rich resource advantages and experience in various aspects such as traffic, product functions, and ecological cooperation, which can be directly used to incubate the development of 5Degrees. Well, what TokenPocket has, 5Degrees doesn’t have to start from scratch, so the simpler the better.

Such a simple basic protocol has enough sinking ability; at the same time, because it adopts the ERC1155 standard and is completely open source, not only can ERC1155 compatible protocols or services be implanted without permission; and because it is completely open source, the development threshold is lowered, which can stimulate more Many developers have entered to carry out technological and application innovations around 5Degrees; together with the multi-chain ecosystems such as BTC, ETH, EOS, TRX, BSC, HECO, OKT, IOST, Polkadot, and Kusama created based on TokenPocket, 5Degrees is quickly integrated Various applications bring feasibility. The above factors are integrated and mutually reinforcing, forming a concentric value circle layer with “Profile+Follow” as the center, constantly expanding outward, and working together for the prosperity and development of the Web3 ecosystem.

write at the end

According to Henry Maine’s point of view: So far, all “progressive societies” have moved from identity to contract; but “progressive societies” are actually very short in human history, and most societies cannot be called “Progressive Society”.

In connection with the development of the Internet, we can also understand that things are always changing and developing in contradictory movements. In the process from Web1 to Web2, we have felt the benefits of work and life brought about by the substantial increase in scale, convenience and efficiency. This stage can be called progress; and when the Web2 centralized platform develops into an oligopoly, it is not Fair competition, value exploitation, hindering innovation, etc. have also brought people a lot of trouble; now with the in-depth development of blockchain and Web3 applications, the decentralized social network graph protocol has become a link between identities and contracts, promoting people from reality to virtuality It has become a link between the real world and the virtual world. Does this represent a direction of progress? In this regard, we will continue to pay attention, continue to explore, and strive to eliminate the false and preserve the truth, and to be sensible.

Just like the coming metaverse, mixed with various atmospheres such as vision, speculation, and value, we hope that Web3 will eventually usher in “facing the sea and spring flowers blooming”.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/analyze-the-role-and-significance-of-the-web3-0-social-network-graph-from-identity-to-contract/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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