"Introduction:

The chaos and lack of innovation in the encryption world have made people question: Are we on the right track? Substantively moving towards the ideal future? "Protocol Revolution and DigiLaw" The preface of "Engineering" explores the nature of the cryptographic world, the stuck points in its development, and the infinite possibilities of future construction from a systematic perspective, providing important thoughts for understanding the true face of this new planet. The following content is the complete Chinese translation of the preface. /p>

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TLDR:

1. Encryption Paradox: The original intention of the encryption world was to use blockchain technology and decentralization concepts to build a new system from "don't do evil" to "can't do evil", but now it has fallen into the absurd predicament of "evil is rampant".

2. Centralized projects disguised as "decentralization" issue tokens indiscriminately without supervision. This is the root of the special nature of "evil" in the crypto world. . It has led to the proliferation of fraud, scams and speculation.

3. When you take off the halo given by "encryption" and "decentralization", turn off the beauty, and turn off the filters, the What is it really about: crypto entrepreneurship? Crypto business? Or make money with encryption?

4. The encryption world is not a binary opposition of black and white, but a superposition of "endless future", "open casino" and "hotbed for evil" state.

5. Agreements (various treaties, contracts, rules)>Encryption protocols (blockchain protocols and smart contract protocols)>DigiLaw (only decentralized and representative monetized encryption protocol).

6. "DigiLaw" is inspired by "Digital world" and "Laws of nature", pointing out that this type of encryption protocol is as transparent and non-tamperable as the laws of nature. the essence of. DigiLaw is the most essential value of the entire encryption world.

7. "Decentralization" and "tokenization" are indispensable. "Decentralization" provides a "rigid" algorithmic consensus for the protocol's non-tamperability; "tokenization" promotes broad social consensus through incentives, truly achieves non-tamperability, and promotes the protocol's continued value creation, growing into a "note "Black hole of force".

8. DigiLaw will become a new primitive for human and AI society to survive. From now on, the digital world will no longer be completely artificial, but will mutate into a "digital nature" that can cooperate with the self-evolution of AI. ” part.

9. The DigiLaw ecosystem is a brand new "digital species" in human history. The mechanism design and evolution of this type of "living system" is completely new. World-class challenges The current development of the encryption world is mainly driven by coding. The potential and value of DigiLaw engineers in mechanism design and evolution have yet to be further explored and released.

10. The crypto world will be in the process of progressive decentralization for a long time to come. In this mixed state of "centralization" and "decentralization", supervision should also be composable - the community itself The supervision of the decentralized part is completed from the bottom up, and the traditional institutions complete the supervision of the centralized part from the top down.

11. "Protocol Revolution and DigiLaw." "Engineering" aims to establish order in chaos and lead readers through the fog and gain insight into the future. It is a required course on encryption entrepreneurship that is both offensive and defensive. It strives to explain various complex concepts and methods in an easy-to-understand manner, and is suitable for a wide range of people who want to understand encryption. People of the world

12. The "Protocol Revolution" section will start from the perspective of first principles to awaken your understanding of the essential value of the encryption world. Through in-depth exploration of the underlying laws of value creation, it will help you rationally screen and even conceive real encryption entrepreneurial projects, and get rid of Chaos, looking into the "endless future" of "digital nature"

13. The "From Token Economics to Token Design" section will take you beyond the traditional token economics framework from a systematic and practice-oriented perspective, allowing you to intuitively experience the double-edged sword-like two-way power of tokens and reconstruct it. Your understanding, knowledge and imagination of token design

14. The "DigiLaw Engineering" section will lead you from "Code is law" to "Code is law". Model is trust". You will not only master how to build a more secure, ethical, and sustainable DigiLaw ecosystem, but also acquire the core skills to become a DigiLaw engineer and become the backbone of the future transformation of the digital world.

15.The creation of the book will be completed in a progressive decentralized manner, inviting everyone to practice a "Read-Write-Own" social experiment. Eventually, the book will become a highly decentralized, iterated X.0 by the public. version of “public goods”.

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September 2023, an article by Matt Huang Casino on Mars Rekindling hopes that had been dormant for a long time in the crypto bear market at that time, he compared the crypto world to a new planet being settled, making everyone realize again that despite the current chaos on the crypto planet, its vigorous development and future construction cannot be concealed. At the same time, he rationally analyzed the two sides of speculation in crypto casinos, and objectively admitted that there is indeed space for fraud, scams and other evil on the planet. This article was like a shot in the arm at a time when everyone was generally skeptical and depressed, injecting new hope into the crypto world.

In 2024, the crypto world will usher in several important historic moments: the U.S. Securities and Exchange Commission (SEC) has successively passed spot ETFs for BTC and ETH; The U.S. House of Representatives passed the FIT21 bill, officially establishing a regulatory framework for digital assets; BTC ushered in its fourth halving; and so on. With many positive benefits stacked up, the crypto world is ushering in a small wave of gains as expected.

However, in this round of Mavericks, market fluctuations are still violent, casino speculation is still rampant, Pond's and rugs are still emerging in endlessly, and hacker attacks and frauds are still happening one after another. What are the innovations that really hit the essence? At least we gave birth to DeFi and NFT in the last round of craze. What about this time? Meme craze? Inscription? Why is everyone’s sense of value getting lower and lower, and even creating “encryption shame”? Are we really making substantial progress toward our ideal future?

When I write this preface, it has been nearly a year since the release of Casino on Mars, and the market seems to have fallen into a similar moment of silence again. A recent “self-reflective” tweet by Péter Szilágyi also sparked an industry-level debate about the meaning of crypto. He said bluntly: "It's past time this industry created something genuinely useful that people want to use, or should just close up shop."

Although he also believes that many great things are being created, the objective fact that has to be admitted is: looking at the entire encrypted planet, we still have not established a prosperous encrypted civilization. If you think of blockchain protocols as urban infrastructure and smart contract protocols as urban buildings, to put it ruthlessly, in addition to the unexploited and barren lands on this planet, the cities under construction are also Ruins are in ruins and unfinished buildings are piled up. What maintains the normal operation of the city are old buildings such as MakerDAO, AAVE, Compound, and Uniswap. It is undeniable that there are currently many projects under construction with gorgeous packaging and strong momentum, but in the end, how many can withstand the baptism of time, human nature and the market and become landmark buildings with substantial significance? Why can't we build high-rise buildings? How can we attract the next billion users? Where is the stuck point of development? Or, more fundamentally, what is the true face of the encrypted world we strive to build?

SEC’s thrilling 3:2 vote result, the ups and downs of the market, and the ups and downs of the participants’ mentality all confirm my current thinking to a certain extent:

The encryption world is not a binary opposition of black and white, but a superposition of "endless future", "open casino" and "hotbed for evil". The encryption world seen by different people from different angles and levels is hugely different.

Encrypted superposition state

From a market value perspective, high-value projects such as Bitcoin and Ethereum contribute more than 80% of the crypto market value. It can be said that the crypto market is generally healthy. The crypto world has gone from being unnoticed to having a market value that surpassed that of Apple, to now being recognized by the mainstream financial market. According to this development trend, it is very likely that it will gradually surpass gold and even real estate in the next ten years or so. The rise of decentralized finance (DeFi), the popularity of non-fungible tokens (NFT), the emergence of digital identities (DID) and decentralized autonomous organizations (DAO), supervision is gradually implemented, legal status is gradually recognized, and various The phenomena collectively indicate that the “endless future” of the crypto world is accelerating.

Judging from the number of projects, among the tens of thousands of cryptocurrencies in the encryption market (including memes, there will be more than hundreds of thousands), there may only be a few hundred. Projects have value in the end, and most of them are still mainly about "making money". They are like "open casinos" that are not limited by time and space.Anyone can participate. This new type of casino is "open to evolution". The project team seizes the greed in the human nature of speculators, constantly updates the casino gameplay through technological upgrades, creates endless and diverse new gambling games, and continuously attracts batches of people. A batch of speculators invested "chips", and the inflow of resources further promoted technological and business innovation, and the "casino ecology" opened and evolved in this cycle.

Judging from the vicious incidents, in areas where supervision has not yet reached, criminals often use cryptocurrency to carry out criminal activities such as money laundering and illegal activities such as drugs and weapons. Online transactions in an attempt to evade sanctions; vicious financial incidents such as fraud, scams, and escapes are also emerging in the crypto world; encrypted decentralized financial platforms and wallets are often targeted by hackers. The above are all objective facts. The main reason is that innovation in the crypto world is relatively free and open, and its ecological evolution speed far exceeds the speed of regulatory implementation. Naturally, those "blank areas" that have not yet been touched by regulation will It has become a "hotbed" for scammers. At the same time, the iteration of encryption technology also takes time. It is difficult for us to create a "perfect" underlying architecture in the early stages of the development of new things. "Vulnerabilities" are always repaired through trial and error, but this also provides hackers with opportunities. Potential attack opportunities will inevitably become a breeding ground for evil deeds.

With the three states mixed and superimposed, it is undoubtedly difficult for most people to understand the true face of the encrypted world. Some people only see the "endless future", so they worship blindly; some people only see the "hotbed of evil", so they run away in fear; some people only see the "open casino", so they pursue profits and stop thinking about the crypto world. the true meaning of.

Chris Dixon points out in his book, Read Write Own, that blockchain networks can combine the social benefits of protocol networks with the competitive advantages of enterprise networks, Ultimately, the Internet will be reshaped into an “endless future” that is more open, democratic, and innovative. This concise and accessible book is worth reading for anyone who wants to better understand the true potential of blockchain and Web3.

However, perhaps due to space limitations, Chris Dixon only made some brief acknowledgments of skeptics in the book and did not conduct a deeper discussion. If we want more people to see the true face of the encryption world, I think we need to clarify the following core issues:

First, the essential value of the encryption world What is it? Matt Huang pointed out in Casino on Mars that the crypto world is a new planet worth building because it provides aWith a blank sheet of paper, we have the opportunity to establish a new property rights system and build an upgraded financial system and Internet platform. This is an analysis from a more macro perspective. If we start from a more micro and first principles perspective, what is the essential value of the encryption world? What is the most essential difference between it and the existing world system? Where does the stable foundation and forward momentum that ensure its vigorous development come from?

Second, why is it that, 16 years later, our understanding of the encryption world is still in a torn state? The birth of emerging technologies is often accompanied by huge doubts and uncertainties, not only because it reshapes our way of life, but also challenges our cognition and values. However, the divided perceptions of iPhones and Tesla cars soon reached unity. But today, the encryption industry led by Bitcoin has made progress that cannot be underestimated. Why are there still a lot of positive and negative controversies superimposed? Why is the public’s understanding of the encryption world still full of confusion and conflict, and why are there still many people who cannot see the bright future of the encryption world?

Third, why is evil in the encryption world so widespread and persistent? Why is the encryption world still experiencing frequent chaos and disorder after more than ten years of development? Some people often attribute this to "the emergence of any emerging financial market will be accompanied by various problems." However, there is a very contradictory point in this, which I call the "encryption paradox": the original intention of the encryption world is to use blockchain technology and decentralization concepts to build a transformation from "don't be evil" to "can't be evil" "The new system has now fallen into the absurd predicament of "proliferation of evil". This makes people wonder, is there something special about evil in the encryption world today?

Fourth, how to realize the original intention of the encryption world and maintain a safe and ethical development environment? The crypto world is in the early stages of development, and many orders are still being gradually established. If new entrants break in rashly, it is easy to end up with "lost both people and money". When the existing infrastructure cannot well support the original intention of decentralization in the crypto world, can we work with traditional regulatory agencies and the community to establish a mechanism that can spontaneously monitor and compress the space for evil, and build a "crypto world"? "Immune System" to comprehensively purify the development environment of the encrypted world? At the same time, can ordinary people trapped in it also gain a global perspective and better see the full picture of the development of the crypto world?

The "immune system" of the crypto world

However, these issues cannot be explained clearly in a few articles.

Since coming into contact with Bitcoin and Ethereum in 2016, I have personally experienced two rounds of huge bull-bear transitions in the encryption market. During this period, I have witnessed the ups and downs of hundreds of encryption projects. . Some projects can transcend cycles and are still firmly supporting the world today; some projects are all-powerful in the bull market, but fall apart in the bear market in an instant; some projects simply work directly under the guise of Web3 and decentralization. Pond's and the racketeering business. When you take off the halo given by “encryption” and “decentralization”, turn off the beauty, and turn off the filters, what is the true face of each project? Crypto startup? Crypto business? Or make money with encryption? Various past experiences have made me deeply aware of the dangerous and fascinating complexity and chaos of the encryption world, as well as the importance and urgency of deeply understanding and jointly addressing these challenges at this stage.

I have always wanted to write a book to gather rational and profound cutting-edge insights that are overwhelmed by a large amount of information, and to explore the underlying laws behind common problems. , trying to string together the existing wisdom with a more scientific and rigorous logical framework. I plan to name this book "Protocol Revolution and DigiLaw Engineering", not only to understand the above issues from a more first-principles perspective cognitively, but also to sort out a systematic and comprehensive practical methodology, hoping to reduce Participants explore blindly and unsystematically, reducing unnecessary trial and error costs.

Writing this book does not mean that my answer is correct and profound, but it does need to be done in the early stages of development when the encryption world is still chaotic. Effective sorting and summary, so the 1.0 version of this book is temporarily completed by a small centralized team led by myself. But this is just the beginning. I hope it can become an open communication community in the future, where everyone can have open discussions, collisions and exchanges to create version 2.0 of this book.

It should be noted that I prefer to use the term "crypto" when describing this field. Because with the development of the industry, the possibilities of building on the blockchain in the next few decades will far exceed the current imagination. Hot words such as "Web3" and "Metaverse" are likely to continue to appear. Emerging concept alternatives. The “encrypted world” in today’s consensus usually refers specifically to the new digital ecosystem built based on decentralized public chain technology after the emergence of Bitcoin and blockchain. It also includes some new encryption technologies in the future (such as zk and Homomorphic encryption, etc.) combined with blockchain technology creates unlimited possibilities. At least at this stage, I think the name "encryption world" is relatively appropriate.

ThisThis book will focus more on exploring and precipitating universal laws that have been verified by the market and can help participants traverse the bull and bear cycles in order to deal with longer-term problems and challenges. I don’t plan to discuss too much about the phenomenon-level hot spots that are happening right now, because they may not necessarily stand the test of time. This article will serve as the preface to the book "Protocol Revolution and DigiLaw Engineering". First, I will briefly explain my thoughts on the above four issues and an overview of the vision and content of this book.

Question 1: The essential value of the crypto world

Personally, I believe in Bitcoin, and I am also optimistic about the future of smart contracts represented by Ethereum and Web3. But as a researcher, I have been asking myself in the past few years: Putting aside all the gorgeous words and hotly-hyped concepts, in 2050, when humans look back at the entire encrypted world built on the blockchain, what will happen? Is this its most essential value?

I currently have a vague answer in my mind: Tokenized decentralized protocols are the most essential value of the entire crypto world.

To better express this core insight, I call this type of "tokenized decentralized protocol" "DigiLaw". Because the term "agreement" is too broad, the TCP/IP protocol, the Paris Climate Agreement, traffic rules, home purchase contracts and even verbal agreements are all agreements, but they are two different things from the "encryption agreement" we are discussing here. Today's "encryption protocols" mainly include two categories: "blockchain protocols" and "smart contract protocols". I call such encryption protocols that aim to promote decentralization and tokenization in a transparent manner. "DigiLaw" (see the figure below for specific relationships).

"DigiLaws" is inspired by "Digital world" and "Laws of nature", It literally means that this type of encryption protocol will eventually be as transparent as the laws of nature and cannot be tampered with (Note for non-crypto users: The "non-tamperable" here does not mean that the protocol is immutable, but that changes in the protocol need to be collective. conducted by consensus and not influenced by the will of a few). "DigiLaw" not only allows non-encryption users to gain insight into its essence at a glance, but also constantly alerts encryption participants not to be engulfed by the project's gorgeous narrative, but to use the high standards of "DigiLaw" to examine whether it adheres to the principles of transparency and non-tamperability. Even if the project cannot be completely decentralized and tokenized at the beginning, the entire process should be transparent to minimize the possibility of using information gaps to do evil. When “DigiLaw" becomes a social consensus, we can work together to break through the disguise of centralized projects and return to the original intention of "Can't be evil" in the crypto world.

" "DigiLaw"'s "decentralization" and "tokenization" are indispensable. As Vitalik stated in his 2024 Token2049 speech, "Blockchains create persistent structures that can be extremely robust.""Decentralization" provides a rigid algorithmic consensus for "robust". It enhances the non-tamperability of the protocol and makes it closer Based on the laws of nature, thereby creating a "trustless" environment and compressing the protocol's potential for evil to a minimum; on this basis, "tokenization" provides "robust" with a lasting Social consensus attracts a large number of participants to jointly protect the agreement through incentives. Through consensus, a social consensus that transcends algorithms, spans time, is broad and indestructible can be formed. This unshakable collective will enables the protocol to be truly tamper-proof. At the same time, the incentives given by “tokenization” will also help. The value creation of the agreement makes it Possessing life-like initiative, it continues to grow into an "attention black hole" ("Attention black hole" refers to countless attentions connected together to form a "black hole" that can significantly affect the development of the world and collapse the future) em>.

In the future digital society, DigiLaw will become a new primitive for human beings and AI to survive. This primitive is a "digital natural law designed by humans but cannot be tampered with." ” Since then, the digital world is no longer entirely artificially built, but has mutated into a “digital nature” that can collaborate with AI to self-evolve. In digital nature, trust no longer needs to be established at high cost, but is directly encoded In DigiLaw

< p style="text-align: left;">In such a trusted, equal, and open environment, value can flow freely, and innovation will no longer be subject to restrictions and censorship caused by "centralization." Coupled with the incentives given by tokenization, a The field is inherently global, involving all mankind, and bottom-up innovation will naturally emerge. For example, if you want to implement an idea in the real world, you not only need to obtain permission from all parties, but also need to form a team. At the same time, a lot of time, energy and capital are invested in promotingstart this process. In the encryption world, the threshold and cost of innovation are greatly reduced. As long as you have an idea, you can start working on it immediately without any permission. Coupled with the abundant and nearly free "digital natural resources" that provide a large number of basic "Lego bricks" for innovation, in the near future, you can even form a professional AI team at a very low cost, 24 hours a day. We will help you build and promote your original "DigiLaw LEGO". Everyone can use existing "Lego" as "building blocks" to quickly build a large number of new, more advanced and complex "DigiLaw Lego". The explosive underlying independent innovation will promote the diverse ecology of digital nature to emerge at an immeasurable speed and evolve independently without restriction. The results of the "protocol revolution" will penetrate into all aspects of the economy and society at an exponential rate, a new paradigm will be established, and the development of digital nature fostered by encryption technology will quickly surpass digital artificial intelligence.

In this never-ending "protocol revolution", the encryption world will also expand into an "endless future", when our thinking and life The methods are likely to be profoundly changed. Most of the repetitive routine work will be easily handled by AI, and humans will no longer be troubled by the pressure of survival. The trustless digital environment will maximize the innovation potential of all humans. Driven by the collaboration between AI and humans, the entire world will The subjective attention of people will shift more to the pursuit of creation and experience. It will be a new and extremely dynamic era, which I call the "CreateX Era".

However, we are still in the early stages of the exponential growth of the crypto world, and there is little doubt that For most people, the answer is not obvious.

Question 2: Torn cognition

The encryption world emerges from the intersection of technology and the times As an emerging product, its development momentum cannot be underestimated. However, the crypto space has been slow to see large-scale killer applications that solve real life problems (BTC will soon be an exception). The public’s understanding of the crypto world is still in a state of extreme division. Whether it is dreamers and innovators who yearn for beauty, adventurers and investors looking for opportunities, or charlatans with bad intentions, it is easy to Lost in the interference of the two voices of "doubt and fear" and "superstition and worship".

Doubts and fears. Since the birth of Bitcoin, the crypto world has grown from a fringe field to a massive ecosystem worth around $2 trillion, but skepticsAlertness and fear have never been lifted, and we still regard it as a dangerous "dark planet" that we are unwilling to set foot on. In addition to the natural distrust and doubts about new technologies and the lack of understanding of the principles of encryption technology and the huge social changes and progress it brings, it is also affected by widespread problems such as fraud, money laundering, and hacker attacks in the encryption world. The two factors were superimposed, and the participants' doubts and fears were ultimately over-amplified. The violent fluctuations in market prices, real speculation, and frequent negative news maliciously amplified by traditional media have repeatedly deepened these people's misunderstandings about Bitcoin, blockchain, DeFi, and Web3 - thinking that they are nothing but nothingness. The concept of a scammer's orgy, a speculative casino, or even an organized scam, or worse, a breeding ground for illegal activity. They question the true value of blockchain technology and treat the soaring prices of crypto assets such as Bitcoin and Ethereum as a bubble that will burst sooner or later. In their eyes, the encrypted world is like a time bomb full of chaos and uncertainty, seriously threatening the order and stability of existing society.

Superstition and worship. There is also a sect of "believers" in this world that is completely opposite to the "questioners". For them, the crypto world is an extremely bright utopia. They regard Bitcoin as a free currency and regard cryptocurrency and blockchain as a free currency. Technology is regarded as the ultimate solution to subvert the modern financial system and lead future technology. They deify Satoshi Nakamoto and Vitalik Buterin and regard themselves as explorers of the new era. In addition to the blind faith in blockchain technology itself, the extensive media coverage and hype about cryptocurrencies, especially stories about people getting rich quickly through them, has also fueled these people’s excessive worship. They do not pay attention to the actual problems in the application of encryption technology, but only focus on self-pleasure - every rise in the market is a victory for their beliefs, and any doubt will be regarded as betrayal and jealousy. Of course, the existence of this emotion is reasonable, as it represents the yearning for a better future. However, the development of most things is spiraling upward, and the development of the encryption industry also has cycles and is also subject to economic, and technological constraints. Excessive optimism and belief will only lead to irrational decisions and ultimately bring about a double collapse of spirit and wealth.

Under the interference of two voices, participants blindly follow the trend and speculate. In this world of constant doubts and superstitions, it is difficult for participants to calm down and think about the true value of encryption technology. On the one hand, the complexity of encryption technology makes it difficult for the public to truly understand it, and they tend to be more concerned about price; on the other hand, the high volatility and potential risks of the encryption market can easily cause panic among participants, making them susceptible to the actions and behavior of others. Their decisions are not based on sufficient independent research and rational judgment. In this case, people often ignore the technical aspects of the project.Without understanding the basic technical foundation and potential value, they just blindly follow the trend - in the bull market, they worship superstitiously, applaud, blindly invest a lot of money, and try to get rich overnight; in the bear market, investment is frustrated, doubts and fears follow, and people follow the trend and sell, resulting in heavy losses. Some malicious "encryption veterans" have seized on the public's blind obedience and get-rich-quick mentality, maliciously placed orders, guided speculation in some worthless air projects, seriously undermined market rules, and caused investors to be in violent chaos. Huge losses were suffered during the fluctuations, and the healthy development of the crypto industry was frequently hindered.

Question 3: The particularity of evil

Extreme speech is often more likely to attract followers because it simplifies complexity, strengthens emotional identification, and makes only rational The sound was quickly drowned out by the noise of the crowd. How to solve the problem of "encryption paradox" step by step, first of all, we need to go deep into the layers and explore the serial reasons behind the dilemma.

Cognitive tearing and behavioral blind obedience originate from information barriers and Information fog. For onlookers, they don’t know that earth-shaking changes are taking place in the encryption world. They only hear a few dangerous messages about the encryption world from others from time to time. They refuse to accept all objective reports and use stereotypes to create a side for themselves. A solid "information barrier". It is also not easy for participants in the crypto world to obtain real and valuable information. The Internet gives everyone unprecedented access to information, but it also brings about the problems of information fragmentation, duplication, and noise. Especially in an emerging field like encryption, different opinions and theories are springing up like mushrooms after rain, but only a very small number of truly in-depth forward-thinking people, and a large amount of true and false information are mixed in the market, further exacerbating the confusion of information. Senior encryption participants know very well that only one thousandth of the projects and information in the encryption world are valuable enough. The vast majority of participants are stuck in "information fog" and find it difficult to have a clear and comprehensive understanding of the encryption world, and can only blindly follow it.

The information barrier and information fog are reinforced by rampant scams and speculation. In order to quickly obtain illegitimate profits, some criminals in the crypto market have seized on the greed in the human nature of participants, taken advantage of information asymmetry, and set up a large number of seemingly impeccable frauds and Ponzi schemes in the "open casino" to dominate the market. There are speculative dramas called "wealth freedom". They continue to put a large amount of "carefully packaged" distorted information on the market, step by step strengthening the information fog to facilitate the next evil act, and the encryption ecosystem seems to be trapped in an unsolvable vicious circle. I would like to add here that fraud and scams are pure evil and should not exist, but I do not want to dismiss speculation entirely. As Matt Huang puts it, “Speculative mania for cryptocurrencies canAttract settlers and accelerate the infrastructurenecessary to catalyze the evolution of a crypto-planet into a thriving crypto-civilization. "Speculation provides the crypto world with the capital, talent, infrastructure, and academic research needed to develop, similar to how many major technological changes in history have been accompanied by asset bubbles. However, once driven by "greed" or Speculation in air projects and Ponzi schemes because it is difficult to see the true face of the project, although there is a certain probability of making profits, will largely disrupt the market order, force the industry to regress, and push the crypto world into a "hotbed of evil".

The proliferation of scams and speculation is because tokens are abused in centralized projects. Tokens are a double-edged sword. Only in decentralized projects can tokens better promote overall value Creation. However, many project parties treat the crypto world as a “decentralized theater”. Under the mask of "decentralization", they are engaged in highly centralized operations in private. However, once the token is issued, it means that encryption protocols and projects involve public interests, and there is the possibility of using information gaps to do evil. It should be like traditional Stocks are also subject to regulation, but they claim that the project is "decentralized" and should not be handed over. It is regulated by the community, but the community currently does not have enough technology and methods to support the implementation of supervision. The resulting "regulatory gap" has caused some centralized projects to continue to use token mining and amplification from the beginning. The evil space uses decentralized stories to attract ignorant people or speculators, and stage scams and speculations everywhere.

Centralized projects are issuing tokens indiscriminately without supervision. This is the unique root of "evil" in the crypto world. The reason why this root exists involves at least two major reasons: "technology" and "mechanism" . From a technical perspective, the technology stack in the crypto world has not yet broken through the limitations of the "Impossible Triangle" and cannot create a cryptocurrency or blockchain system that is both secure, decentralized and scalable; from a mechanism perspective From a perspective, on the one hand, the imperfection of the mechanism gives opportunities for the evil of human nature to take advantage of; On the other hand, such an ecosystem is too complex, and our current mechanism research and related talent reserves are not enough to support the construction of such a skyscraper. However, for various purposes, many projects claim to build "decentralization." "Automated high-rise buildings". However, eight out of ten of them were centralized projects that were packaged and built with two floors before running away. Another one had an unstable structure or was attacked and caused the building to collapse. The other one had an automation system that was not stable. There are only basic old smart contract protocols (such as MakerDAO, AAVE, etc.), because of their decentralized value creation and simple but strong protocol mechanism, they have been able to stand firmly in the market turmoil, passing through rounds of bulls and bears. I am not the only one who is "decentralized." "Yes, decentralization is a means, not an end. It's just that the premise of "decentralization" is missing, coupled with supervisionIf it is not in place, tokens will easily amplify the evil caused by "centralization", which is undoubtedly a major problem currently facing the encryption world.

Question 4: Realization of the original intention

If you want to dismantle the unique root of "evil", Breaking the encryption paradox and realizing the original intention of the encryption world requires at least the two-wheel drive of "technology" and "mechanism".

“We are no longer early to crypto.” Vitalik believes that the rapid development of Ethereum and Layer 2 solutions, especially Advances in lower fees, increased transaction speeds, and enhanced security signal that crypto is moving toward a more mature stage. Indeed, in the more than ten years since the birth of Bitcoin, technology builders focusing on coding have made huge contributions to the continued development of the encryption world. Technology is undoubtedly the core engine for the crypto world to develop an “endless future”.

However, "We are early to crypto being usable". Why has encryption been slow to achieve mass adoption? In addition to the friendliness and ease of use that still need to be improved, another important reason is that our research and application of "mechanism design and evolution for the DigiLaw ecosystem" lags far behind the development of encryption technology. Whether "flowers" will grow in the vast territory newly opened up by technology or "bad consequences" will be born, the key lies in whether there is a sophisticated enough mechanism to effectively guide and regulate. The current chaos in the encryption world reflects to a certain extent that our mechanism design is still not sophisticated enough, leaving a lot of opportunities for evil. This is undoubtedly a key obstacle to the popularization and adoption of encryption. To quickly move toward the next billion users, we urgently need to improve the overall ethics and safety of the DigiLaw ecosystem. However, this is not an easy task.

The "DigiLaw Ecosystem" is a brand new "species" in human history. DigiLaw can be seen as a set of rules to achieve specific goals. Participants collaborate or play games based on these rules to build an open, dynamic and self-evolving complex system (this book calls it the "DigiLaw ecosystem"). Unlike "mechanistic" complex engineering systems such as chips, airplanes, and bridges, the DigiLaw ecosystem is closer to "living" (adaptive) complex adaptive systems such as natural ecosystems, global climate, and immune systems. It not only includesIt includes interactions at the micro level and emergence from micro to macro. It should be noted that "Mechanistic" and "Adaptive" are not completely opposite states. They are at two ends of the same spectrum. Generally speaking, the encryption protocol ecosystem is more "Adaptive", and our mechanism research level is not enough to support the construction and sustainable operation of a "Completely Adaptive" system.

The design and evolution of this kind of "living system" is a new world-class challenge. The design of token economy alone covers Nobel Prize-level problems such as reverse gaming and incentive compatibility, not to mention that the solution to such problems should be extended to token design, DigiLaw design, and even the design of the entire DigiLaw ecosystem (the relationship is as shown above) . In some dimensions, it is as difficult as advanced chip design, rocket and aircraft design, automobile design, skyscraper design, etc., so we cannot only rely on "Model-Based System Engineering" that was born from such "dead" systems. (MBSE)" method needs to be further upgraded to the "Agent-Based System Engineering (ABSE)" method suitable for living systems with emergent phenomena to understand, design and model the behavior at all levels of the entire life cycle of the DigiLaw ecosystem simulation. In addition to design difficulties, the evolution of such "living" systems faces greater challenges. How to minimize manual governance? Can a complete self-regulation system be constructed that can dynamically adjust parameters and mechanisms according to changes in the external environment and internal operating conditions? Will it even be possible to use powerful AI to realize the adaptation of "living" systems in the future?

Three levels of evolution

Carefully observing those successful protocols that have gone through the bull-bear period (such as Ethereum, AAVE, Compound, etc.), it is not difficult to find that one of their major similarities is that they have invested a lot of time and energy in mechanism design and evolution. To put it another way, how to judge whether a project is trustworthy, in addition to whether it has conducted compliant code security audits at the technical level, we must also pay attention to whether there are DigiLaw engineers to design the mechanism of its ecosystem and continue to adapt parameters and structure. Innovation. If so, it at least proves that the project party has made sufficient efforts to respect human nature and the operation of the ecosystem from an ethical and sustainable perspective.Be disciplined and respect the property safety of every participant.

(Note: In the field of TokenEngineering, this type of talent is often referred to as "token engineer". This term is indeed unique, novel and well-directed. I have also been " Oscillate between "Token Engineer" and "DigiLaw Engineer". But for example, AAVE, Compound As a highly automated ecosystem, the parameter operation and maintenance of its economic mechanism (such as the adjustment of key parameters such as the pledge rate and liquidation ratio in the core lending business) highly affects the security and performance of the entire encryption protocol ecosystem. However, These problems have nothing to do with its native token, but they are today’s Compound Compared with “tokens”, “DigiLaw” is a key leverage point for the protocol’s stable and efficient upward development. I am worried that the term “token engineer” will cause misunderstanding and misunderstand this type of talent. The role is only focused on "tokens". "DigiLaw Engineers" more accurately reflects the nature of their work - designing and evolving transparent and immutable laws in the digital world. Therefore, I chose "DigiLaw." The title "Engineer" is the 2.0 version of "Token Engineer".)

However, the current level of emphasis on DigiLaw engineers in the crypto world is far from enough. Although in reality, organizations such as Token Engineering Commons have continued to promote the development of the field of token engineering and have achieved remarkable results. But relatively speaking, the concepts and methods of "Token Engineering" have not yet been widely popularized and applied. Many project parties, investors, etc. are still stuck at the "Tokenomics" level and don't even know anything about "Token Engineering". This reflects to a certain extent that “We are still VERY early” in the research on the design and evolution of the DigiLaw ecosystem mechanism is not only reflected in the lack of theory and practice, but also in the lack of professional talents. If the encryption world wants to further break through the stuck points in security and performance, it needs to further tap into the potential and value of DigiLaw engineers.

Technology is the pioneer in unknown fields, and mechanism is the guardian of the vast territory. Without the synergistic drive of the two, it will be difficult for us to create a balanced, robust and anti-fragile DigiLaw ecosystem. The ultimate ideal state is that the development of "technology" and "mechanism" is sufficient to support DigiLaw without any human intervention.Endogenous self-security defense and automatic performance optimization of the ecosystem.

However, the iterative development of technology and the cultivation of DigiLaw engineer talents are not achieved overnight. When the two wheels cannot fully support the original intention of the encrypted world, we still need the coordinated efforts of "exogenous artificial defense" to jointly guard the morality and security of the encrypted world.

The encryption world urgently needs to establish a "new defense system" to combat risks. There is a high probability that the crypto world will be in a mixed state of "centralization" and "decentralization" for some time to come. The "hybrid" here has two meanings: first, the "decentralization" of each DigiLaw itself is often a gradual process; second, the degree of "decentralization" of the end-to-end entire link where DigiLaw is located also varies. First, for example, although some DeFi protocols themselves are highly decentralized, they still need to rely on centralized infrastructure services during the implementation process. At the same time, apps built on top of the protocols may also be centralized.

In such a hybrid system, defenses should also be composable. The ultimate ideal state is that the community completes the "decentralized" part of self-regulation (self-governance) from the bottom up, and traditional institutions complete the "centralized" part of the regulation (regulation) from the top down. At present, supervision by traditional institutions is accelerating, which is an external artificial defense. Although it can indeed compress some space for evil, it may limit the development of "decentralization". Using a variety of technologies and tools to establish a DigiLaw self-regulation system based on the community can inhibit the birth of "evil" and systemic risks from the inside out and bottom up. This internal artificial defense mechanism It can more flexibly solve the "evil-doing" problem faced by the encryption world, and is also consistent with the path of the encryption world to achieve its original intention through decentralization.

So, if we want to realize the original intention of the encryption world and establish a secure and ethical digital The natural environment, at this stage, seems to require at least a two-wheel collaborative drive of technology and mechanism, plus a new combinable defense system. These three are not necessarily exhaustive, but they are the key to breaking through the bottleneck in the development of the encryption world.

Content preview: A required course for encryption entrepreneurship with both offense and defense

I thinkTaking the book "Protocol Revolution and DigiLaw Engineering" as a preliminary attempt in the direction of education, we hope that more people will pay attention to the mechanism design and evolution of the DigiLaw ecosystem, and gradually understand this key area of ​​DigiLaw engineering, and even move towards DigiLaw Development in the direction of engineers.

In terms of content, I will quickly sort out and integrate existing opinions and conduct in-depth research, try to explore the common laws in the development of DigiLaw, and give a set of orientations The new design theory of the DigiLaw ecosystem and the modeling and simulation practice based on ABSE, and in the process explained clearly how "maximizing the value of DigiLaw" and "minimizing the risks in the crypto world" are based on "Model is The concept of "trust" is realized; in form, I want to practice a "Read-Write-Own" social experiment. Identifying right from wrong, filtering the good and bad, sorting out and integrating, innovating and dynamically iterating in the explosion of information in the encrypted world are difficult to achieve continuously by just one person. Therefore, it is necessary to rely on the power of the community. A more detailed explanation will be at the end of this article. Expand in the "Expecting Resonance and Collision" section.

The current idea is that the content of this book is divided into three parts:

Part One— - "Protocol Revolution".

First, explore the essential value and significance of the encryption world. I chose to start from "agreement", explore the development process of the agreement in depth, and gradually explain why DigiLaw has filled "a gap" in the history of human agreements. In an easy-to-understand way, we introduce why the new value network led by blockchain and smart contracts is open, decentralized, and trustworthy, and why "primitives" like DigiLaw can give rise to an evolutionary "digital nature." At the same time, it deeply analyzes how this "protocol revolution" reconstructs technology, trust, organization, economic and social systems step by step, and visually demonstrates the "encryption protocol" supported by "decentralization" and "tokenization" through real cases. its essential value and its transformative power. However, whether the "protocol revolution" can win is still an unresolved proposition. I will objectively explain the gap between ideal and reality, give the reasons behind it, and some possible optimization ideas.

Secondly, from the new perspective of "trust economy", we briefly review the development of key areas in the encryption world, and try to build a preliminary trust economic evaluation idea and evaluation of encryption protocols. frame. Security, transparency and decentralization are the key features that distinguish the crypto world from the traditional world. However, many projects still operate under the mask of decentralization.With a centralized core, this poses a great threat to the interests of participants. Therefore, there is an urgent need to build a more comprehensive encryption protocol evaluation framework to accurately determine whether an encryption protocol is really worthy of being "trusted" or to what extent "Can't be evil", so as to stand out as "DigiLaw". I will objectively analyze the serious "trust crisis" currently facing the encryption world, and together screen out the main measurement dimensions and indicators of the "trust economy". From the perspective of these trust indicators, we briefly review key tracks such as public chains, DeFi, and NFT in the encryption world, and introduce the classification, development history, etc. of their encryption protocols. Try to use these trust indicators to analyze the characteristics of encryption protocols in each track, and build a "trust economy" evaluation framework for encryption protocols step by step.

Finally, explore the value creation laws of DigiLaw and clarify the interactive logical relationship between business, growth, governance and incentives. Business is key to ensuring that DigiLaw does not fall into “air”. If the project party cannot design its business or functions based on the core goal of "value creation", it will easily lose the long-term sustainability of DigiLaw, or even accelerate its death due to the "amplification effect" of the existing token economy. Through design principles and practical cases, we will step by step analyze how to identify market pain points and determine DigiLaw's core goals, as well as how to better build and innovate business. Growth is key to ensuring DigiLaw’s adoption at scale. I will dissect the logic and core mechanics of growth, including community-driven and launch strategies. Through typical cases and design practices, it is clarified how the growth mechanism realizes project cold start and generates network effects. Governance is key to ensuring DigiLaw’s long-term survival. I will discuss the concept of governance, the role of the community and DAO, decision-making process, voting mechanism and governance incentive model, etc., and through case analysis, explore how to achieve continuous self-optimization of DigiLaw. Business, growth, and governance constitute the internal logic of DigiLaw's growth, and incentives are an important driving force that penetrates these three levels and empowers ecological construction. We will delve into the specificity of tokens in DigiLaw incentives, the fundamentals of incentives, the different types of incentives, incentive structures and how to design incentives to shape participant behavior. In addition, I will use rich incentive mechanism design examples to show you the importance of incentive design in actual DigiLaw applications.

Part 2 - "From Token Economics to Token Design".

First of all, clarify the relationship between "token" and "DigiLaw", and provide a basic token economic model for everyone to debug. In the first part, we explored the rules of DigiLaw value creation, but simply Value creation is not enough to support the long-term prosperity of a protocol ecosystem, which also requires sophisticated token design through tokens, DigiLaw. The value created can be effectively distributed and incentivized among network participants, thereby achieving efficient retention and conversion of value, and providing a continuous source of power for the self-growth and evolution of the protocol ecosystem. However, sophisticated token design is not easy. , taking the smallest segmented field "token economy", if you want to establish a balanced, strong, and sustainable token economic mechanism, you need to master complex interdisciplinary knowledge such as game theory and incentive compatibility. You can also experience the explosive parameters, deeply intertwined mechanisms, intricate relationships, and dazzling dashboards by practicing the basic token economic model provided here. Simply reading a few articles related to supply and demand on the market simply cannot help. To master this model, let alone use it to design a relatively complete and robust token mechanism, we need to use this model to reconstruct our understanding of "token design" step by step.

Secondly, deconstruct the model, try to combine qualitative and quantitative, theory and practice, and explore a set of token design methods that go beyond traditional token economics. Due to the limitations of various factors, it is too focused on certain short-term issues, and there may also be problems such as complexity, opacity, and neglect of value creation. Therefore, this book attempts to absorb and learn from various existing attempts to transcend token economics. On the basis of model From this perspective, it provides a more comprehensive, systematic and practice-oriented thinking and operating framework for token design. I split token design into goals and needs assessment, stakeholders and incentive mechanisms, and token design. Supply and demand and their balance, token flow and value flow, parameter adaptation and structure of tokens Innovation and other major sectors, while splitting the above complete token economic model into corresponding scenario models. For example, in the scenario of "token supply and demand and its balance", I will use the model throughout the process to visualize and interactively learn. In this way, we will introduce the token supply and demand mechanism, supply and demand dynamic analysis, etc. related theoretical knowledge; introduce quantitative indicators of supply and demand balance such as trading volume, price volatility, and buying and selling pressure; reproduce common misunderstandings in supply and demand design through models; combine with case studies to reproduce the intrinsic mechanism of the success of excellent supply and demand design; and finally Summarize a set of models to achieve robust supply and demand Specific practical guide to design. Through this series of theoretical discussions, model demonstrations and practical operations, participants can not only deeply understand the principles of building a token economic model, but also realize step-by-step iteration and optimization of the design to ensure the mechanism design plan. Relative effectiveness and sustainability

Finally, integrate the model, coordinate and optimize the token design from a global perspective, and explore through experiments how to achieve dynamic parameter adaptation and structural innovation after the token issuance. Each segmented scenario model reaches a relatively stable equilibrium state, which does not mean that After the integrated complete model has reached the optimal solution of the system, we need to further combine it with DigiLaw The goal of the ecosystem is to coordinate and optimize the token design, balance short-term interests and long-term development, and take into account growth and security. The system perspective not only reveals the specific paths of token flow and value flow in the mechanism network, but also shows what links there are. The supply and demand pressure needs to be adjusted, which These mechanisms are the key to capturing value and maintaining system balance. This high-dimensional insight enables us to have a more systematic and comprehensive understanding of token design, thereby optimizing a more secure and efficient token mechanism, making the system more stable. The efficiency of every link is maximized . However, token design is by no means a one-time solution. The constant changes in the market require us to dynamically adjust the token design to adapt to the fluctuations of the economic environment and changes in community needs. Through experiments, we can simulate relatively stable conditions under different market fluctuations. The optimal mechanism of We can even try to explore a dynamic adjustment mechanism to realize the adaptation and innovation of the token mechanism. In this way, we not only build a dynamic token design, but create a brand new self-adjusting and innovative one. The prototype of a sustainable economic system.

Part Three - "DigiLaw Engineering"

It should be noted that in the second part, we introduced "tokens" in detail. However, there are still many problems and challenges in the DigiLaw ecosystem that are beyond tokens, such as the adjustment of key parameters in the AAVE protocol lending business. , Uniswap V3’s centralized liquidity strategy optimization, etc. BlockScience and the cadCAD tool it created emphasize that this is a "complex system" and the practice-oriented design and evolution of such an interdisciplinary, highly emergent, "living" complex ecosystem is unprecedented in human history. An unprecedented challenge. It is not limited to token-related propositions, but also includes high-dimensional complex propositions at the level of economic mechanisms and governance mechanisms. Therefore, here, I prefer to call it "DigiLaw." "Engineering" - This name not only continues the spirit of "Token Engineering", but also expands its connotation and is suitable for designing and evolving the operating rules of the entire decentralized ecosystem, not just the token itself. This is The 2.0 version of "Token Project" is a systematic response to various complex propositions within the entire DigiLaw ecosystem.

First of all, raise the issue.He proposed the concept of “holographic computing” and provided a set of “ABSE”-based modeling and simulation methods for the entire life cycle of the DigiLaw ecosystem. "Dead" systems such as aircraft and chips can be decoupled into a series of simplified models to solve specific problems in a targeted manner. The sub-parts of "living" systems such as the DigiLaw ecosystem are entangled and influence each other, and there are a large number of nonlinear adaptive behaviors. This type of complex system is "computationally irreducible", and the probability distribution of its future state is impossible. Deductions based on a simplified model can only be reproduced 1:1 and solved at the global level through a powerful "integrated model". This book names this concept "holographic computing". It needs to be emphasized that the future can never be predicted. "Holographic computing" can only help us understand the probability distribution of system states in the near future and the system performance under extreme circumstances through real-time deduction and stress testing, so as to intervene in advance to control risk. This book will explain various complex concepts in a simple way, and demonstrate through simple cases how to conduct integrated modeling and simulation of the DigiLaw ecosystem based on "ABSE". It will also provide the "value map" and specific details of this method. framework, and briefly discuss its feasibility and far-reaching significance.

Secondly, discuss the full life cycle practice of DigiLaw ecosystem mechanism simulation based on AI-Agent, including the "design phase", "implementation phase" and "evolution phase" ". In the "design phase", the main focus is on off-chain modeling and converting preliminary design ideas into runnable simulation models. Specifically, it includes: conceptual design, contract mechanism modeling, AI-Agent behavior modeling, rapid verification of ideas and mechanism logic, and evaluation of incentive mechanisms. This process helps improve the efficiency of early design. Entering the "implementation stage", the focus is on chain modeling, and the specific design is visually presented through the model. This includes understanding the goals and methods of on-chain modeling, as well as writing Agent behavior into smart contracts and conducting chain-based virtual machine modeling. At the same time, various scenario experiments will be carried out comprehensively, such as risk analysis, stress testing, and even attack testing. These are to ensure the stability and practicality of the design before specific deployment of DigiLaw. In the "evolution stage", the focus is to build a real-time synchronized "digital twin system", build the model on the forked chain with the latest block height, and input real-time data of the environment and users to perform on-chain synchronous simulation. This is similar to building a virtual parallel universe that allows us to deduce the impact of design and decision-making on the DigiLaw ecosystem in various scenarios, especially possible extreme situations. This can not only minimize manual governance in the "evolved" level 1 level, but also introduce a dynamic response mechanism in DigiLaw, using real-time data and simulation results as key inputs, to achieve self-regulation of mechanism parameters and structures in the level 2 level.In the future, mature AI can even be embedded into the "digital twin system" to serve as the brain of the DigiLaw ecosystem to achieve highly intelligent adaptation at level 3 and accurately and proactively regulate future changes step by step, thereby ensuring the long-term sustainability of the DigiLaw ecosystem. Continuity.

Finally, combined with real cases, it shows how the "Model is trust" concept and the decentralized ABSE method can make the encryption world more secure, ethical, and trustless. Let’s start with several basic mechanism modeling, such as DigiLaw’s token issuance mechanism, liquidation auction mechanism and the balance mechanism of the economic system in the game. Through AI-Agent modeling, we can restore its relevant logic in the modeling and simulation platform, which is intuitive. Show how they work. Next, we share several specific cases. Through experiments such as simulation analysis and parameter optimization, we can not only better understand these DigiLaws, but also learn how to effectively apply and verify them. Finally, it explains in detail how decentralized ABSE is established based on the community, and how some core processes such as rapid response mechanism, test optimization mechanism, etc. are specifically deployed.

The above engineering methods and practices require an easy-to-operate and powerful tool to implement. In this book, I will show you how to implement the full life cycle on the HoloBit platform. HoloBit is the first code-free visualization platform for modeling, simulation and optimization of "the design and evolution of cryptographic protocol ecosystems". It is easy to operate and powerful, and can help teams and communities build better DigiLaw ecosystems to enhance resistance. Risk capabilities, improve capital efficiency, and achieve user and revenue growth.

Finally: Looking forward to resonance and collision

While deeply exploring DigiLaw, this book strives to make the content easy to understand and suitable for a wide range of people who want to understand the crypto world in depth.

For onlookers and novices, this book will introduce the complex concepts, technologies and development summary of the encryption world in a simple and easy-to-understand manner through a wealth of cases, allowing you to Quickly gain a more objective and rational understanding of the crypto world at the minimum cost.

For active participants, this book will summarize the past development rules of the industry and the characteristics of high-quality projects that have gone through bulls and bears, and provide a perspective of "trust economy" , helping to screen out truly valuable crypto projects based on rational analysis, rather than relying entirely on "luck" and "industry dividends."

For innovative buildersIn summary, this book focuses on the discussion of business models, rapid scanning of the industry, and sharing a set of theoretical frameworks and engineering intelligent solutions for DigiLaw ecosystem design. These are "required courses" for every builder on the road to growth.

For regulators and policy makers, this book aims to provide a new understanding of the complexity of the crypto world and its rapid ecological evolution mechanism. It is hoped that through the understanding of the DigiLaw ecology Systematic analysis helps you find the boundaries of the regulatory scope, so as to formulate a more comprehensive and long-term effective one, and jointly create a healthy, fair, transparent and innovative digital environment.

For the creation of this book "Protocol Revolution and DigiLaw Project", I want to use the "progressive decentralization" method in the encryption field to complete it, and invite everyone to join in Practice a "Read-Write-Own" social experiment. This experiment is divided into three stages: In the first stage, several early participants were invited to set up a small team led by me to centrally "write" the 1.0 version of the book and publish it one by one. Everyone can write it without any threshold. "Read". In the second stage, the community is created and the decentralized "Write" is launched. Everyone can directly write the unfinished parts of version 1.0 or iterate the completed parts. Whether the content meets the standards will be decided by the expert team. After passing, you will get Co-creation points on the chain of version 2.0 of this book. In the third stage, DAO is established. While "Write", everyone can use tokens to "Own" in a decentralized manner to co-create the copyright of the content and the governance rights of the community. Eventually this book will become a highly decentralized "public good" that will be iterated by the public to the X.0 version.

This social experiment has two visions:

The first is to create an open community around the "DigiLaw Ecosystem" based on this book. The community will promote the "rational & open source" spirit of in-depth thinking, free exploration, and open communication. You will discuss the development of the crypto world, the rules of the track, the evolution of trends, etc. with a group of like-minded people to see the future and continue to shape it. , continue to expand influence to enhance the average awareness level of the industry and promote the positive development of the industry. In the community, onlookers and novices can find a circle to learn, communicate, and make progress together; active participants can use the power of tools and the community to discover more high-quality projects, communicate rationally about DigiLaw mechanisms, and obtain more valuable references. Opinions; innovative builders can fully polish the "hard power" to shape successful projects, and even find projects with superior qualifications.Project partners become "comrades" who go forward side by side and change the world; regulators and planners can also deeply explore the commonalities of successful projects, communicate and collide with cutting-edge builders, and better grasp the trends of the industry and the boundaries and intensity of supervision. .

The second is to use this book to verify the creation method and collaboration method of "progressive decentralization" + "Read-Write-Own" , can we use the power of decentralization to quickly create in-depth content collections and promote the development of encryption industry education from the bottom up.

The crypto world is dynamically evolving, and there are no hard and fast answers or conclusions. This book is an open invitation, inviting everyone to explore and build the crypto world together, discover its true value, build a bridge connecting technology and society, theory and practice, present and future, and jointly contribute to the future direction of the crypto world. Provide a more scientifically rigorous action guide.