Earlier this month, the Ethereum Name Service, or ENS, formed a Decentralized Autonomous Organization, or DAO, for the ENS community.
Cointelegraph spoke to two ENS DAO delegates who have applied for the opportunity to represent the community and stay involved in the decision-making process: Victor Chang, CEO of AlphaWallet, an open source Ethereum wallet, and Gregory Rocco, co-founder of Spruce, a decentralized identifier and Computer Tools group for developers.
Zhang talked about his experience as an external ENS contributor and one of the early supporters since 2018. Zhang initially sought to help ENS by introducing Alpha Wallet as an easy-to-use tool for resolving .eth names and cryptocurrency wallet addresses. Basically, if the user enters the name .eth into AlphaWallet, it displays the wallet address, and vice versa, using reverse precision. AlphaWallet also supports ENS rendering.
Chang, aka @ Victor928, is among the 30 delegates with the most votes. When asked how he plans to continue to contribute to the DAO, Zhang said:
Right now, my biggest concern is the right to vote. In second place in terms of the number of votes is the large company Coinbase. We must ensure that the ESA is always a public group, always a neutral service, and is not influenced or controlled by any one party for its own benefit. ”
RELATED: ENS COO Says DAO-Based Governance “Has Always Been a Plan”
During the ENS token distribution, a total of 100 million ENS tokens were distributed. While 25% went to users with .eth domains, another 25% went to those who “have made significant contributions to ENS over the past four years”. The remaining 50% remains with the DAO Community Foundation.
As an external contributor, Zhang received 46,296.3 tokens. At the time of publication, this number of tokens was $ 3,320,311.15. Zhang is one of 27 sponsors to receive exactly this amount.
Zhang stressed that “everything holds. I have no tokens. As long as ENS continues to develop in the right direction, I do not see any competitors. This means that the value is much higher than the current market value when viewed as an investment. ”
On the day of the airdrop, ENS Chief Operating Officer Brantley Millgan tweeted about the “responsibility” placed on users and added that the ENS community should use decentralized identification “smartly”.
Sprouse’s Gregory Rocco discussed the concept of decentralized identity with Cointelegraph. He developed Spruce, a secure login using Ethereum or SIWE, specifically to help users own and control their digital identity, rather than transferring that data to large corporations.
It targets large central companies like Google, Twitter or Facebook, which provide Web2 users with the ability to log into third-party apps and services using their Gmail or Facebook credentials, rather than having to create and remember individual usernames and passwords for each new one. Accounting.
According to Rocco, these traditional logins have “ultimate control” over user IDs because “if Google pulls the dust off you, you will not only lose access to Google services, but you will also lose access to all the services you subscribed to. in Gmail “.
The Ethereum Foundation and ENS have acknowledged this issue and have announced a request for proposals to create an Ethereum login package using Oauth. In September, Spruce was chosen as the decentralized identity alternative.
The goal of SIWE is to give users the ability to manage their public ID by having their own private keys, or as Rocco put it: “your keys, your encryption”, but also “your keys, your ID”. “Spruces not only builds a blockchain-based identity toolkit, but also allows verification of identity, asset ownership and DAO membership. It is important for the user to be able to prove their value to the ENS ecosystem and gain the rights to drop aircraft in the future. ”
When asked how you feel as a representative, Rocco replied:
“I feel this urge to keep abreast of everything for ENS and to participate in the creation of the social contract. I believe in the future of ENS and support participation in user systems. This model is the first step towards giving users more control over their identity and their data. ”
Identity decentralization ultimately strengthens the ENS DAO and strengthens its credibility as a truly decentralized organization. Zhang and Rocco are supporters of collective ownership and look forward to further expanding the use of ENS in the web3 ecosystem.