ENS could be the future of digital identity
The Ethereum Name Service (ENS) is a decentralized, open-source platform that provides a domain name system for the Ethereum blockchain. It aims to make it easier for users to interact with decentralized applications (dapps) by using human-readable domain names, rather than complex and hard-to-remember Ethereum addresses.
ENS is built on top of the Ethereum blockchain and operates as a decentralized autonomous organization (DAO). This means that it is governed by its stakeholders, who have a say in how the platform is run and make decisions through a transparent voting process. The DAO structure of ENS provides a model for decentralized governance that can be applied to other decentralized organizations and platforms. It eliminates the need for a central authority and allows for a more democratic decision-making process, where decisions are made based on consensus among the stakeholders. In addition, the DAO structure of ENS provides transparency and accountability, as all decisions and votes are recorded on the blockchain and can be audited at any time. This reduces the risk of corruption and mismanagement, and helps to ensure that the platform is run in the best interests of its stakeholders.
Ethereum Name Service and its DAO structure serve as a template for decentralized governance. It provides a decentralized, transparent and democratic model for decision-making that can be applied to other decentralized organizations and platforms, helping to promote the growth and adoption of decentralized technology.
We at 22/7 see multiple opportunities to benefit from this technology for example buy continued exposure to ENSβ native token ($ENS) as well as the acquisition of ENS domains in the for of non fungible tokens (NFT) which are likely to have a material value as web3 and dapp adoption grows over time - similar to DNS domains (.com domains) had during the 90ies.
22/7 - the closest mathematical approximation of Pi
It all begins with an idea.
Proofs of the mathematical result that the rational number
22/7 is greater than Ο (pi) date back to antiquity. One of these proofs, more recently developed but requiring only elementary techniques from calculus, has attracted attention in modern mathematics due to its mathematical elegance and its connections to the theory of Diophantine approximations. Stephen Lucas calls this proof "one of the more beautiful results related to approximating Ο".[1] Julian Havil ends a discussion of continued fraction approximations of Ο with the result, describing it as "impossible to resist mentioning" in that context.[2]
The purpose of the proof is not primarily to convince its readers that 22/7 (or 3+1/7) is indeed bigger than Ο; systematic methods of computing the value of Ο exist. If one knows that Ο is approximately 3.14159, then it trivially follows that Ο < 22/7, which is approximately 3.142857. But it takes much less work to show that Ο < 22/7 by the method used in this proof than to show that Ο is approximately 3.14159.
ETHEREUM IS ULTRA SOUND MONEY
It all begins with an idea.
In recent years, there has been growing interest in the potential of Ethereum, the world's second-largest cryptocurrency by market capitalization, to be considered ultra sound money. Sound money is defined as a medium of exchange that has low inflation, is durable, portable, divisible, and has a stable purchasing power over time.
Ethereum has several characteristics that make it a strong contender as ultra sound money. Firstly, it is decentralized, meaning that it operates on a network of computers, rather than being controlled by a central authority. This eliminates the risk of inflation caused by central banks printing more money and reduces the risk of financial censorship.
Furthermore, the Ethereum network is transparent, allowing for the creation of transparent and auditable financial applications, such as decentralized exchanges and decentralized autonomous organizations (DAOs). This has the potential to increase the adoption of Ethereum as a medium of exchange, making it more stable and less volatile over time.
Another factor that has contributed to Ethereum being considered ultra sound money is the recent merge between Ethereum and Ethereum 2.0, also known as Serenity. This merge has transformed Ethereum from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) blockchain, making it more energy-efficient and secure.
One of the key outcomes of the merge is that Ethereum has become deflationary. This means that, unlike traditional fiat currencies, which can be printed by central banks, the total supply of Ethereum is capped at a set amount. As a result, the demand for Ethereum is expected to increase, leading to a rise in its value over time.
In conclusion, Ethereum is being considered ultra sound money because of its decentralized and transparent nature, its energy-efficient and secure PoS consensus mechanism, and its deflationary supply. These factors make Ethereum a strong contender as a medium of exchange and a store of value in the future. As the demand for Ethereum continues to grow, its value is expected to increase, making it a compelling investment opportunity for those looking to invest in the cryptocurrency space.