Top Tweets for #zxp

More on ZXP: Zero Experience Protocol (ZXP) enables the fast and flexible development of onchain game, reputation and reward systems. Why is this important? At the present moment, onchain protocols and DAOs are primarily governed via economic tokens. If a protocol is decentralized at the level of code and infrastructure, but voting is tied to a single economic abstraction, anyone with sufficient financial resources can exert power and potentially capture the network. This makes most protocols and tokens subject to economic capture, introducing the possibility of centralization. Given crypto's relatively small market capitalization compared to traditional financial markets, risk of centralization thus far has been limited, but is likely to increase as large TradFi institutions and governments enter the space. A healthy society values contribution and participation in many forms, both economic and otherwise. This is one of the principles that separates democracy from oligopoly. The core principle in a democracy is that voting in elections is based on citizenship, not status or wealth. There are rules for citizenship, and a process that must be undertaken to earn the privilege of being able to participate in collective governance, or join critical societal functions. ZXP enables protocols to construct novel token reputation systems, based on any type of programmed-set of game mechanics, in order to assign cryptographically verifiable voting power to an onchain entity (such as a person, program or DAO). Voting power can then be utilized for anything really, including voting in onchain governance. For instance, a Web3 game may eventually want to have its top players or contributors control the future of the network, rather than MEGACORPs. Voting could be tied to actual progression within the game, or could be combined with economic tokens to create a more balanced governance structure between stakeholders. This enables structures that are not dissimilar to (but are far beyond) dual class voting shares in traditional capital structures, or the three branches of government we find in many modern nations. The need for something like ZXP is likely to be true for future social networks, as well as the governance of artificial intelligence, which will require power to be balanced between experts and the general populous (and possibly the AIs themselves). ZXP provides the foundational building blocks to build such alternative governance systems. It makes building these types of reward and incentive schemes easy and interoperable between games, networks, and applications. It is also interoperable with ZNS, and ZDAO, making it easy to construct novel complex onchain systems.