2077 Collective
Accelerating Ethereum. A league of creatives, researchers, developers, and marketers committed to making Ethereum cool again. Ethereum's Unofficial Creative Studio™
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Decentralized Autonomous Organizations (DAOs): Revolutionizing Governance on Ethereum What is a DAO? A DAO is a digital organization on Ethereum, governed by smart contracts and driven by token-holding members. In 2023, over 12,000 DAOs were managing more than $20 billion, promoting transparent and decentralized decision-making. The Rise of DAOs on Ethereum Ethereum has been the leading platform for the creation and operation of DAOs, thanks to its robust smart contract capabilities. Some key milestones in the rise of DAOs include: - The DAO- 2016: Raised over $150M in Ether but faced challenges due to a security flaw, sparking interest in decentralized governance. - 2021 DAO Boom: DAOs surged, with over 4,000 managing $10B+ in assets by year-end, reflecting growing confidence in decentralized governance. - DeFi DAOs: Major DeFi protocols like Uniswap, Aave, and MakerDAO are governed by DAOs. As of 2023, Uniswap's DAO controls a $3B+ treasury, showcasing the scale of decentralized finance.
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Ethereum DeFi: The Powerhouse of Decentralized Finance Ethereum’s DeFi scene is changing the game with billions locked in value and millions of users. Here’s why Ethereum is the king of DeFi. The Scale of Ethereum’s DeFi Ecosystem - $50B+ TVL: Ethereum’s DeFi protocols hold over $50 billion in smart contracts, showing major trust in the platform. - 200+ Projects: From DEXs to lending platforms, Ethereum’s got over 200 active DeFi projects leading the charge. - 1.2M Daily Transactions: With over 1.2 million DeFi transactions a day, Ethereum’s buzzing with activity. - 4M Users: More than 4 million people worldwide are tapping into Ethereum’s DeFi power. - $1T Trading Volume: Ethereum’s DeFi platforms see over $1 trillion in annual trading volume, proving it’s the real deal in decentralized finance.
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Hop into our Discord, and you'll see Ian pouring his heart into EQL. He’s building something real, something everyone can vibe with. In a recent convo, Ian asked Dodge Dev if the codebase was making sense. Dodge, not being a hardcore Rust dev, could only catch the basics. Ian's reply? He’s gonna drop some fire docs to make sure anyone, no matter where they’re at, can get it. Ian’s not just creating a tool; he’s crafting something he'd actually use—a simple yet dope way for anyone, no matter their tech level, to query the Ethereum Virtual Machine with a SQL-like twist. He knows EQL’s got a journey ahead, even saying it might lag behind Dune Analytics, the go-to for on-chain analysis. But Ian’s all about those crypto-native vibes—decentralization, open access, and breaking barriers. That’s the energy driving Ian and the soul of EQL.
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From hacking his neighborhood's Wi-Fi at 13 to being a co-founder. This is the story of Ahmed Mardeni, a 23 year old builder and cofounder of WeaveDB At 13 years old, Mardeni began his tech journey in Syria amidst the turmoil of the civil war. Despite facing dire circumstances, including limited electricity, slow internet, and constant danger of the ongoing wars at the time, he taught himself cybersecurity using YouTube videos. His first major milestone was hacking his neighborhood’s Wi-Fi network(which isn't very noice haha). While that could have led to illicit activities, Ahmed chose the Path of Ethical Hacking, which earned him small bounty wins on HackerOne and HackBox. He hacked a major Middle Eastern company, gaining access to thousands of users’ data, but learned a tough lesson on responsible disclosure. Afterwards, he became a penetration tester for an Iraqi firm, securing government apps.
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Ethereum's Role in the 2017 ICO Boom: Fueling a New Era of Fundraising! Ethereum ignited the ICO boom between March and December 2017, revolutionizing how startups raised funds. With countless projects leveraging Ethereum, it transformed the blockchain space and redefined capital raising. Before 2017, startups relied on traditional funding like VCs and IPOs. Then came ICOs, changing the game by allowing projects to issue tokens for Bitcoin or Ethereum. Ethereum’s smart contracts made this process quick and accessible, democratizing fundraising and sparking innovation globally. The 2017 ICO boom was powered by Ethereum: - Smart Contracts: Automated funding, reducing fraud and boosting trust. - ERC-20 Standard: 80% of ICOs used ERC-20 tokens, making it the go-to choice. - Accessibility: 2M+ Ethereum addresses joined the ICO wave. - Decentralization: No central control—just pure, decentralized fundraising.
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The Ethereum Virtual Machine (EVM) is Fire. It's the backbone of Ethereum, making smart contracts and dApps possible. Versatile and crucial for the blockchain! Launch Date It was launched with Ethereum on July 30, 2015, marking a major milestone in blockchain technology, making it possible to build smart contracts and dApps. Core Functions EVM powers smart contracts and dApps on Ethereum, allowing developers to build complex, autonomous apps without worrying about downtime. Key Features Turing Complete: Having enough resources, the EVM can handle any computation. Secure: To keep smart contracts safe, it runs in isolation. Scalable: Supports thousands of smart contracts and dApps at once. Development Milestones July 30, 2015: Ethereum & EVM launch. March 14, 2016: Homestead upgrade boosts EVM security. October 16, 2017: Byzantium upgrade enhances EVM efficiency. February 28, 2019: Constantinople & St. Petersburg reduce gas costs. December 1, 2020: Beacon Chain starts Ethereum 2.0, moving to PoS.
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