List of active and deprecated Ethereum testnets, including Kintsugi.
Features
Optimistic rollup
ZK-rollup
Proof
Uses fraud proofs to prove transaction validity.
Uses validity (zero-knowledge) proofs to prove transaction validity.
Capital efficiency
Requires waiting through a 1-week delay (dispute period) before withdrawing funds.
Users can withdraw funds immediately because validity proofs provide incontrovertible evidence of the authenticity of off-chain transactions.
Data compression
Publishes full transaction data as calldata to Ethereum Mainnet, which increases rollup costs.
Doesn't need to publish transaction data on Ethereum because ZK-SNARKs and ZK-STARKs already guarantee the accuracy of the rollup state.
EVM compatibility
Uses a simulation of the Ethereum Virtual Machine (EVM), which allows it to run arbitrary logic and support smart contracts.
Doesn't widely support EVM computation, although a few EVM-compatible ZK-rollups have appeared.
Rollup costs
Reduces costs since it publishes minimal data on Ethereum and doesn't have to post proofs for transactions, except in special circumstances.
Faces higher overhead from costs involved in generating and verifying proofs for every transaction block. ZK proofs require specialized, expensive hardware to create and have high on-chain verification costs.
Trust assumptions
Doesn't require a trusted setup.
Requires a trusted setup to work.
Liveness requirements
Verifiers are needed to keep tabs on the actual rollup state and the one referenced in the state root to detect fraud.
Users don't need someone to watch the L2 chain to detect fraud.
Security properties
Relies on cryptoeconomic incentives to assure users of rollup security.
Start Managing Your DAO Crypto Payroll with Web3 Tools
Last Updated:
December 2, 2022
Table of Contents
Table of Contents
Table of Contents
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Traditionally, organizations use double-entry accounting, which is a system where each transaction has two entries: a debit and a credit. This system is used to keep track of financial transactions and to ensure that the books are balanced.
The lack of a way to transparently view, verify, and account for transactions opens the door to fake invoices, payroll fraud, duplicate or forgotten payments, and other accounting errors.
Why do DAOs need accounting tools?
In a DAO, where all transactions are recorded on a blockchain, accounting is much more transparent. However, there's still a need for DAO tooling to handle crypto payroll, invoicing, and expense recording.
How to connect Bulla Network to your DAO
Bulla Network is a Web3 accounting, invoicing, and payments platform for your DAO. To connect Bulla Network to your DAO follow this simple 3-step process.
To get started visit the Bulla Network website, click "Start for free" on the website homepage to begin connecting your wallet.
Bulla Network DAO Accounting Tool - Connect Your Wallet
Once your wallet is connected, you are directed to your dashboard where you can create invoices, send payments, manage payroll, and track all of your transactions.
Bulla Network DAO Accounting Tool - Your Dashboard
3. For instance, to create an invoice. clicl "Create an invoice" and you'll be presented with a simple form to fill out, as seen below. You'll need to provide the recipient address, the amount, the currency, a description, and a due date. Once you're done, hit "Create" and the transaction will be recorded on the blockchain.
Bulla Network DAO Accounting Tool - Create Your Invoice
That's it, you've now setup Bulla Network for your DAO. It's really that simple. For more information visit Bulla Network's GitBook for more step-by-step guides.
List of DAO Accounting tools
In addition to Bulla Network, there are many alternative DAO Accounting tools including:
Utopia Labs - a collaborative Web3 accounting tool specifically built for your DAO to help you streamline management of contributor payments and unify your accounting efforts.
Gnosis Safe - a multi-signature smart contract wallet that allows users to define a list of owner/signer accounts and a threshold number of signers required to confirm a transaction.
Coinshift - a smart treasury management tool for DAOs and companies. Coinshift simplifies treasury management by providing efficient multisig tooling to save time and money for crypto organizations.
Multis - a corporate cards and financial software for Web3, allowing you to convert and pay in crypto or fiat instantly and manage your accounting faster.
Request - known as the all-in-one finance solution for Web3 businesses, to help you easily manage invoicing, payroll, and expenses.
Llama - a Web3 community that works with DAOs on protocol engineering, treasury management, and analytics.
Parcel - a paymentOS suite of tools to help you scale your DAO financial operations and empower DAO contributors.
Solv Protocol - an all-in-one financial tool for creating and trading financial NFTs.
Paymagic - an automated platform for DAOs and crypto teams to automate frequent payouts to their community like running payroll, paying bounties, funding grants, issuing rewards, and reimbursing expenses.
Traditionally, organizations use double-entry accounting, which is a system where each transaction has two entries: a debit and a credit. This system is used to keep track of financial transactions and to ensure that the books are balanced.
The lack of a way to transparently view, verify, and account for transactions opens the door to fake invoices, payroll fraud, duplicate or forgotten payments, and other accounting errors.
Why do DAOs need accounting tools?
In a DAO, where all transactions are recorded on a blockchain, accounting is much more transparent. However, there's still a need for DAO tooling to handle crypto payroll, invoicing, and expense recording.
How to connect Bulla Network to your DAO
Bulla Network is a Web3 accounting, invoicing, and payments platform for your DAO. To connect Bulla Network to your DAO follow this simple 3-step process.
To get started visit the Bulla Network website, click "Start for free" on the website homepage to begin connecting your wallet.
Bulla Network DAO Accounting Tool - Connect Your Wallet
Once your wallet is connected, you are directed to your dashboard where you can create invoices, send payments, manage payroll, and track all of your transactions.
Bulla Network DAO Accounting Tool - Your Dashboard
3. For instance, to create an invoice. clicl "Create an invoice" and you'll be presented with a simple form to fill out, as seen below. You'll need to provide the recipient address, the amount, the currency, a description, and a due date. Once you're done, hit "Create" and the transaction will be recorded on the blockchain.
Bulla Network DAO Accounting Tool - Create Your Invoice
That's it, you've now setup Bulla Network for your DAO. It's really that simple. For more information visit Bulla Network's GitBook for more step-by-step guides.
List of DAO Accounting tools
In addition to Bulla Network, there are many alternative DAO Accounting tools including:
Utopia Labs - a collaborative Web3 accounting tool specifically built for your DAO to help you streamline management of contributor payments and unify your accounting efforts.
Gnosis Safe - a multi-signature smart contract wallet that allows users to define a list of owner/signer accounts and a threshold number of signers required to confirm a transaction.
Coinshift - a smart treasury management tool for DAOs and companies. Coinshift simplifies treasury management by providing efficient multisig tooling to save time and money for crypto organizations.
Multis - a corporate cards and financial software for Web3, allowing you to convert and pay in crypto or fiat instantly and manage your accounting faster.
Request - known as the all-in-one finance solution for Web3 businesses, to help you easily manage invoicing, payroll, and expenses.
Llama - a Web3 community that works with DAOs on protocol engineering, treasury management, and analytics.
Parcel - a paymentOS suite of tools to help you scale your DAO financial operations and empower DAO contributors.
Solv Protocol - an all-in-one financial tool for creating and trading financial NFTs.
Paymagic - an automated platform for DAOs and crypto teams to automate frequent payouts to their community like running payroll, paying bounties, funding grants, issuing rewards, and reimbursing expenses.
Traditionally, organizations use double-entry accounting, which is a system where each transaction has two entries: a debit and a credit. This system is used to keep track of financial transactions and to ensure that the books are balanced.
The lack of a way to transparently view, verify, and account for transactions opens the door to fake invoices, payroll fraud, duplicate or forgotten payments, and other accounting errors.
Why do DAOs need accounting tools?
In a DAO, where all transactions are recorded on a blockchain, accounting is much more transparent. However, there's still a need for DAO tooling to handle crypto payroll, invoicing, and expense recording.
How to connect Bulla Network to your DAO
Bulla Network is a Web3 accounting, invoicing, and payments platform for your DAO. To connect Bulla Network to your DAO follow this simple 3-step process.
To get started visit the Bulla Network website, click "Start for free" on the website homepage to begin connecting your wallet.
Bulla Network DAO Accounting Tool - Connect Your Wallet
Once your wallet is connected, you are directed to your dashboard where you can create invoices, send payments, manage payroll, and track all of your transactions.
Bulla Network DAO Accounting Tool - Your Dashboard
3. For instance, to create an invoice. clicl "Create an invoice" and you'll be presented with a simple form to fill out, as seen below. You'll need to provide the recipient address, the amount, the currency, a description, and a due date. Once you're done, hit "Create" and the transaction will be recorded on the blockchain.
Bulla Network DAO Accounting Tool - Create Your Invoice
That's it, you've now setup Bulla Network for your DAO. It's really that simple. For more information visit Bulla Network's GitBook for more step-by-step guides.
List of DAO Accounting tools
In addition to Bulla Network, there are many alternative DAO Accounting tools including:
Utopia Labs - a collaborative Web3 accounting tool specifically built for your DAO to help you streamline management of contributor payments and unify your accounting efforts.
Gnosis Safe - a multi-signature smart contract wallet that allows users to define a list of owner/signer accounts and a threshold number of signers required to confirm a transaction.
Coinshift - a smart treasury management tool for DAOs and companies. Coinshift simplifies treasury management by providing efficient multisig tooling to save time and money for crypto organizations.
Multis - a corporate cards and financial software for Web3, allowing you to convert and pay in crypto or fiat instantly and manage your accounting faster.
Request - known as the all-in-one finance solution for Web3 businesses, to help you easily manage invoicing, payroll, and expenses.
Llama - a Web3 community that works with DAOs on protocol engineering, treasury management, and analytics.
Parcel - a paymentOS suite of tools to help you scale your DAO financial operations and empower DAO contributors.
Solv Protocol - an all-in-one financial tool for creating and trading financial NFTs.
Paymagic - an automated platform for DAOs and crypto teams to automate frequent payouts to their community like running payroll, paying bounties, funding grants, issuing rewards, and reimbursing expenses.
Interested in reading more?
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