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 Creating and Managing Your DAO Member's Credentials with Web3 Tools
Last Updated:
December 2, 2022
Table of Contents
Table of Contents
Table of Contents
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Credentials serve as a means of verifying an individual's specific skills or knowledge. Traditionally, credentials take the form of degrees earned from universities, certifications obtained from professional organizations, and badges acquired through online courses.
Even traditional firms can face challenges when it comes to verifying credentials, often relying on methods such as resumes and word-of-mouth. However, these approaches have inherent flaws in terms of accuracy, efficiency, cost, time, and privacy. Background checks, in particular, suffer from these shortcomings.
Why do DAOs need credential tools?
In a DAO, where everyone is pseudo-anonymous, verifying credentials is even more difficult. That's why there's need for credential tools in the DAO space. These tools, like Otterspace, aim to provide a better way to verify credentials. Otterspace is an open-source tool that anyone can use to create and manage credentials for a DAO.
How to Setup Otterspace for Your DAO
Setting up Otterspace is a simple 3-step process:
1. The first step is to visit the Otterspace website. Once you are on the website's homepage, click on "The Badge Protocol" to initiate the process of creating your badge.
Otterspace DAO Credential Tool - Website Homepage
2. From the Badge menu, continue scrolling until you come across the "Badges = Permissions" section and click on the "Build a Badge" button.
Otterspace DAO Credential Tool - Build a Badge
3. To personalize your Badge, enter the badge name, badge art, and expiry date as applicable and finally, register your Badge, as depicted in the screenshot below.
Otterspace DAO Credential Tool - Personalize and Register Your Badge
That's it, you've successfully created your own Badge. After creating a badge, you can now transfer it to anyone, with the transaction being securely recorded on the blockchain. This offers a reliable method to verify an individual's credentials, eliminating the need to depend solely on word-of-mouth.
List of DAO credential tools
In addition to Otterspace, there are several alternative DAO Credential tools available including:
iDX - an open-source, multi-platform identity protocol that enables users to build a unified digital identity and effortlessly share their data across various apps.
ENS - known as your Web3 username, ENS (Ethereum Name Service), serves as a centralized hub for managing all your cryptocurrency addresses and decentralized websites.
brightID - a Web3 credential tool that is a non-intrusive, decentralized, open-source technology seeking to reform identity verification.
Violet - a powerful Web3 compliance and identity infrastructure platform for DeFi (decentralized finanance).
Proof of Humanity - a platform where users can build their Web3 decentralized digital identity that is AI-resistant and economically incentivized.
Spruce - an ecosystem of open-source tools to enable user-controlled identity anywhere on the web.
Credentials serve as a means of verifying an individual's specific skills or knowledge. Traditionally, credentials take the form of degrees earned from universities, certifications obtained from professional organizations, and badges acquired through online courses.
Even traditional firms can face challenges when it comes to verifying credentials, often relying on methods such as resumes and word-of-mouth. However, these approaches have inherent flaws in terms of accuracy, efficiency, cost, time, and privacy. Background checks, in particular, suffer from these shortcomings.
Why do DAOs need credential tools?
In a DAO, where everyone is pseudo-anonymous, verifying credentials is even more difficult. That's why there's need for credential tools in the DAO space. These tools, like Otterspace, aim to provide a better way to verify credentials. Otterspace is an open-source tool that anyone can use to create and manage credentials for a DAO.
How to Setup Otterspace for Your DAO
Setting up Otterspace is a simple 3-step process:
1. The first step is to visit the Otterspace website. Once you are on the website's homepage, click on "The Badge Protocol" to initiate the process of creating your badge.
Otterspace DAO Credential Tool - Website Homepage
2. From the Badge menu, continue scrolling until you come across the "Badges = Permissions" section and click on the "Build a Badge" button.
Otterspace DAO Credential Tool - Build a Badge
3. To personalize your Badge, enter the badge name, badge art, and expiry date as applicable and finally, register your Badge, as depicted in the screenshot below.
Otterspace DAO Credential Tool - Personalize and Register Your Badge
That's it, you've successfully created your own Badge. After creating a badge, you can now transfer it to anyone, with the transaction being securely recorded on the blockchain. This offers a reliable method to verify an individual's credentials, eliminating the need to depend solely on word-of-mouth.
List of DAO credential tools
In addition to Otterspace, there are several alternative DAO Credential tools available including:
iDX - an open-source, multi-platform identity protocol that enables users to build a unified digital identity and effortlessly share their data across various apps.
ENS - known as your Web3 username, ENS (Ethereum Name Service), serves as a centralized hub for managing all your cryptocurrency addresses and decentralized websites.
brightID - a Web3 credential tool that is a non-intrusive, decentralized, open-source technology seeking to reform identity verification.
Violet - a powerful Web3 compliance and identity infrastructure platform for DeFi (decentralized finanance).
Proof of Humanity - a platform where users can build their Web3 decentralized digital identity that is AI-resistant and economically incentivized.
Spruce - an ecosystem of open-source tools to enable user-controlled identity anywhere on the web.
Credentials serve as a means of verifying an individual's specific skills or knowledge. Traditionally, credentials take the form of degrees earned from universities, certifications obtained from professional organizations, and badges acquired through online courses.
Even traditional firms can face challenges when it comes to verifying credentials, often relying on methods such as resumes and word-of-mouth. However, these approaches have inherent flaws in terms of accuracy, efficiency, cost, time, and privacy. Background checks, in particular, suffer from these shortcomings.
Why do DAOs need credential tools?
In a DAO, where everyone is pseudo-anonymous, verifying credentials is even more difficult. That's why there's need for credential tools in the DAO space. These tools, like Otterspace, aim to provide a better way to verify credentials. Otterspace is an open-source tool that anyone can use to create and manage credentials for a DAO.
How to Setup Otterspace for Your DAO
Setting up Otterspace is a simple 3-step process:
1. The first step is to visit the Otterspace website. Once you are on the website's homepage, click on "The Badge Protocol" to initiate the process of creating your badge.
Otterspace DAO Credential Tool - Website Homepage
2. From the Badge menu, continue scrolling until you come across the "Badges = Permissions" section and click on the "Build a Badge" button.
Otterspace DAO Credential Tool - Build a Badge
3. To personalize your Badge, enter the badge name, badge art, and expiry date as applicable and finally, register your Badge, as depicted in the screenshot below.
Otterspace DAO Credential Tool - Personalize and Register Your Badge
That's it, you've successfully created your own Badge. After creating a badge, you can now transfer it to anyone, with the transaction being securely recorded on the blockchain. This offers a reliable method to verify an individual's credentials, eliminating the need to depend solely on word-of-mouth.
List of DAO credential tools
In addition to Otterspace, there are several alternative DAO Credential tools available including:
iDX - an open-source, multi-platform identity protocol that enables users to build a unified digital identity and effortlessly share their data across various apps.
ENS - known as your Web3 username, ENS (Ethereum Name Service), serves as a centralized hub for managing all your cryptocurrency addresses and decentralized websites.
brightID - a Web3 credential tool that is a non-intrusive, decentralized, open-source technology seeking to reform identity verification.
Violet - a powerful Web3 compliance and identity infrastructure platform for DeFi (decentralized finanance).
Proof of Humanity - a platform where users can build their Web3 decentralized digital identity that is AI-resistant and economically incentivized.
Spruce - an ecosystem of open-source tools to enable user-controlled identity anywhere on the web.
Interested in reading more?
There are five main benefits of running an Ethereum node: privacy and security, censorship resistance, decentralization, distributed control, and sovereignty.
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