Original Title: "We're a full-time team! The EthSign story first."
By Yan Xin, founder of EthSign
After more than a year of preparation, we are excited to announce that EthSign has officially sailed.
In one sentence: EthSign is a decentralized electronic protocol signing application
Electronic signature services that have been used in practice in many business scenarios are often uncomfortable for the user due to their centralization:
· Users must verify signatures and retrieve signed agreements with the permission of the service provider
· Agreements containing trade secrets are uploaded and stored in the Internet giant's cloud storage
· Once the electronic signature service provider goes bankrupt, the data on the server will inevitably be deleted
After being familiar with and understanding the consensus and transparency that blockchain can provide, we are no longer satisfied with notarization from an authority. An event can be directly verified by tens of thousands of nodes on the chain. The platform acts less as an intermediary between the user and the information and more as a tool and browser: we provide a user-friendly interface, but it's not necessary! Users can also find and verify information directly from the blockchain -- this is what we hope to do, refactoring traditional scenarios with new protocols and networks, and pushing automation and decentralization as far as possible.
In fact, the last bull market has been full of applications that hope to reconstruct some of the everyday scenarios through new technologies such as blockchain. Applications thrive on the maturity of the infrastructure. Smart contracts are Ethereum's biggest creation, but the most widely used smart contract during the last bull market was probably just ERC-20. The full application potential of smart contracts has really only been realized since Defi Summer -- it takes about two years for the infrastructure to mature, and then the application explosion.
In the entire Web3 stack, Filecoin, SIA, Arweave and other projects in the storage layer are still in the early stages, and the network is still upgrading itself; Ethereum in the computing layer is trying to expand into the side chain by providing better interoperability; The development of key modules in the middleware, such as the smart contract Trigger platform, message push service and cache service, which had been neglected for a long time in the past, also began to be claimed by various full-time teams. Two years from now, the fully upgraded Web3 stack is expected to take the richness of application scenarios, the number of users, and the amount of assets deposited to a new level.
The picture has been modified from Placeholder's Investment Thesis in 2017, and now it's 2021!
Our application touches all levels of the Web3 technology stack. Many of these projects are still in the process of rapid iteration, and we will work with these projects, constantly tracking their progress and applying them, and on the basis of full familiarity, we will strive to be the most competitive application development team two years from now.
EthSign actually started in the second half of 2019, when I was working as an investment manager. Potter and I spent the summer talking about DEFI and decentralized storage. In October, Potter found Jack and several other very enthusiastic computer science students at the USC Blockchain Association to help write code, all of whom had taken Jack's class (Jack is the TA for all USC blockchain classes)! Due to the slow progress of the project with the part-time team, and the initial lack of React and Web3.js, we didn't make the first working version until June 2020, when we attended the Hackfs Hackathon jointly organized by ETHGlobal and Protocol Labs.
The first versionThe front end is made by Jack in a month by learning React by himself
Then we found Nicole in the Philippines and Claire who was majoring in interaction design, and our front end became less Hackthon. When we finally showed off the second version of EthSign at the Dorahacks Hackathon in February of this year, we were already looking at integrating Magic to allow traditional users to create cryptocurrency wallets through their email accounts; And as Ethereum exploded, we had to move our smart contracts to Matic to reduce the Gas fee for our users.
Second version: We're finally thinking about user experience
After the Hackathon, we received a lot of positive feedback and suggestions. As the NFT and Bitcoin craze pushed the boundaries of Web3 rapidly, we saw the potential for an app we designed to actually serve a business, so we quit and started Buildblock, a very young but purpose-driven engineering team. EthSign will be our first game!
The new version, the real version, will be available in early May!
We gradually defined the layers of protocols and applications in our design. The front end of the project is an electronic protocol signature platform, but the smart contract can be abstracted as an interactive platform of identity and content. It can support or be:
· Evidence of the on-chain assets under the chain
· endorsement or certification platform
· Credit system construction of on-chain identity
· Interface between DAO and the world below the chain
We will continue to integrate with other protocols or components and will be integrated into other application scenarios. As users get used to using Web3's identity and storage in different scenarios, we'll have our own network effects.
All right! We are already working hard! We regularly post updates on Medium about our project progress, research on new features, and daily operations.
律动 BlockBeats 提醒，根据银保监会等五部门于 2018 年 8 月发布《关于防范以「虚拟货币」「区块链」名义进行非法集资的风险提示》的文件，请广大公众理性看待区块链，不要盲目相信天花乱坠的承诺，树立正确的货币观念和投资理念，切实提高风险意识；对发现的违法犯罪线索，可积极向有关部门举报反映。