Blockchain

ENS DAO representatives provide views on DAO governance and decentralized identities

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Earlier this month, the Ethereum Name Service (ENS) form The decentralized autonomous organization or DAO of the ENS community.

Cointelegraph spoke with two ENS DAO representatives who applied to represent the community and participate in the decision-making process: Victor Zhang, CEO of the open source Ethereum wallet AlphaWallet, and Gregory Rocco, co-founder of the decentralized Spruce ID and data tools for developers Bag.

Zhang talked about his experience as an external contributor to ENS and an early supporter since 2018. Zhang initially tried to help ENS by providing Alpha Wallet as a user-friendly tool solve .eth name and cryptocurrency wallet address. Essentially, if the user enters the .eth name in AlphaWallet, it will display the wallet address, and vice versa, using reverse resolution. AlphaWallet also supports ENS avatars.

Zhang, also known as @Victor928, is one of the top 30 representatives with the most voting rights. When asked how he intends to continue to contribute to the DAO, Zhang said:

What I am most concerned about right now is voting rights. The second largest voting power is the large company Coinbase. We need to ensure that ENS is always a public body and a neutral service organization, free from the influence or control of any party for its own interests. ”

related: The Director of Operations at ENS stated that DAO-based governance “has always been the plan”

During the airdrop of ENS tokens, A total of 100 million ENS tokens were distributed. 25% of the tokens are allocated to users who own the .eth domain name, and another 25% of the tokens are allocated to those who “have made significant contributions to ENS in the past four years”. The remaining 50% remains in the DAO community vault.

As an external contributor, Zhang received 46,296.3 tokens. At the time of launch, the number of this token reached 3,320,311.15 USD. Zhang is one of 27 contributors who received this exact amount.

Zhang confirmed that he was, “Take it all. I won’t cash out any tokens. As long as ENS continues to move in the right direction, I won’t see any competitors. So if we treat it as an investment, This means that its value is much greater than the current market value.”

On the day of the airdrop, Brantly Millegan, also known as “Brantly.eth”, ENS’s operations director, Tweet Regarding the “responsibility” given to users, and adding how the ENS community uses decentralized identities “wisely”.

Gregory Rocco from Spruce discussed this concept of decentralized identity with Cointelegraph. He developed Spruce, a secure login or SIWE software using Ethereum, precisely to help users own and control their digital identities, rather than handing this data to large companies.

He refers to large centralized companies, such as Google, Twitter, or Facebook, which provide web2 users with the option to log in to third-party applications and services using their Gmail or Facebook details, instead of having to create and remember an individual for each new user user name and password. account.

According to Rocco, these traditional logins have “ultimate control” over the user identifier, because “if Google smears you, you will not only lose access to Google services, but you will also lose access to all services you log in to. Access to Gmail.”

The Ethereum Foundation and ENS recognized this problem, and Announce Use Oauth to create a proposal request for a login package using the Ethereum package.Spruce is Choose to provide a decentralized identity alternative In September.

The goal of SIWE is to allow users to control their public identifiers by owning their private keys or as Rocco said: “‘your key, your password’ and’your key, your identifier ‘.” Spruce’s toolkit not only establishes a blockchain-based identity, but it also supports verifiable proof of identity, asset ownership, and DAO membership. This is important for the user to prove his or her value to the ENS ecosystem and obtain the right to the upcoming airdrop.

When asked about the feeling of being a representative, Rocco said:

“I feel the motivation to control everything for ENS and join and establish a social contract. I believe in the future of ENS and support systems that participate in user control. This paradigm is the first step to enable users to better control their identities and data .”

The decentralized identity ultimately empowers ENS DAO and establishes its credibility as a truly decentralized organization. Both Zhang and Rocco are supporters of collective ownership and hope to further promote the use of ENS in the Web 3.0 ecosystem.