Cyber Republic Weekly Update 23

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CYBER REPUBLIC <strong>Weekly</strong> <strong>Update</strong>/Issue 22 Layman’s definition: A decentralized application is an application like any other application, except that it’s built on a decentralized peer-to-peer network. Think about how Uber changed the Taxi world. While Uber is still centralized, it was closer to a decentralized structure in that people could drive other people without having to be part of a Taxi service. It became more convenient with a better user interface than taxis, and it was generally cheaper as well. Uber has expanded faster than anyone ever imagined possible. Now take it one step further, and say that Uber drivers through some application would be booking, building reputation, accepting payment, and driving customers all completely through code that could be verified and did not need permission from any central organization--including Uber. Assuming that safety concerns had been worked out, this would be a better example of a decentralized application--and you can imagine that just like Uber, this application could change an industry extremely quickly, possibly for the better. A decentralized application is exactly this: it’s any application that can remove a third party and put parties directly in touch with other parties in a safe and verifiable way where all parties could be trusted, without any central control. There is a huge range to just how decentralized an application is, but in general, any application in the world that relies on a third party for trust could be replaced or improved on by a decentralized application that uses code for trust rather than a party built on reputation. It’s not to say that all trusted parties behind apps can’t be trusted, and that all dapps are by definition more trustworthy, but by relying more on code and less on human variability, the benefits of dapps crosses all industries. //16
Interview: Su Yipeng By Joel 1. Recently, there was a screenshot in which you and a community member discussed nodes. In the conversation, you said you want to build 10+ nodes as stand-by nodes. Since the screenshot was captured without context, the community created several different versions of your intentions behind this statement. Could you explain what you meant? I was quite surprised when I learned how the screenshot was discussed in the community the next day. I thought it was just a private chat between friends. It’s not a big deal, though.There is nothing we can’t share. I had an idea of setting up 10+ nodes. Of course, it is only an idea, and it is still immature.The original intention is two-fold: First, I want to understand through experience. I’d like to understand the advantages and disadvantages of the Supernode election process by actually being part of it so that I know how to improve the system later. Secondly, I was concerned that the number of stand-by nodes were not enough, which affects the stability of the blockchain. I’ve noticed that the English translation of the word "candidate" is wrong. It should be “standby” but it was translated into “candidate”.The meaning completely changes. It’s no wonder that it caused misunderstandings in overseas communities. Even if I really had 10+ nodes, I wouldn’t compete with the community to solicit votes. I just need to be in the top 96. It is more for technical purposes than for economic reasons. 2. If owning 10+ is to provide a safety net in case of insufficient number of DPoS nodes, are these nodes under the name of Foundation or of you? Who will be responsible for the cost and entitled to the profit? Is there a well-defined plan for these 10+ nodes to cease when there are enough community nodes? As I mentioned earlier, this is just an idea. It is all personal, and nothing to do with the team. Therefore, if the nodes are to be built, it is on a personal capacity, and thus the cost and the profit have nothing to do with the Foundation. Moreover, I guess it is impossible to profit if there is no advertising. Regarding the exit mechanism, I haven't planned for such distant future. These nodes are mainly for observing the operation of the Supernodes and they may quit at any time. 3. As a member of the community, you have the right to be elected; as one of the small minority of rule-makers, to certain extent there is a conflict of interest if you stand for election. How do you consider this when formulating election rules? Is there a mechanism to minimize conflicts of interest? //17
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Page 5 and 6: Summary Read last week’s update o
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Page 9 and 10: Events and further features Upon pr
Page 11 and 12: Getting Ahead of the FUD By Jeremy
Page 13 and 14: This is why the CR is so necessary.
Page 15: CR Terminology By Kenneth K. As the
Page 19 and 20: use-cases of ELA). If someone wants
Page 21 and 22: In the future, the sidechain produc
Page 23 and 24: ADB Business Opportunities Fair Whe
Page 25 and 26: Community Shout Out! Lu Ku made thi
Page 27 and 28: CR News Website and Forum Analytics
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Page 31 and 32: Topic highlights Check out these ho
Page 33 and 34: Glossary A growing list of Terms an
Page 35: Credits: Writers: Kenneth K Jeremy

Cyber Republic Weekly Update 23

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