BNBChain X Space回顾：去中心化治理和区块链信任

Odaily星球日报Pubblicato 2024-02-28Pubblicato ultima volta 2024-02-28

Introduzione

中心化治理中出现了哪些趋势，这些趋势将如何塑造区块链技术的未来？

2024 年 2 月 26 日，Eric Zhang 受邀参加了由 BNBChain 主办的 X Space 活动，该活动着重探讨了去中心化治理议题。以下是对整个讨论中 Eric 发言部分的摘要。

MC：欢迎 Eric 参加我们的主题 Space 活动，请先跟大家做个简单的项目介绍吧。

Eric：谢谢 Mehmet，我很高兴可以加入 BNBChain X Space 活动，和大家一起讨论去中心化治理这个话题。可能大家对于 DoraHacks 比较熟悉，它是一个全球极客运动平台，黑客马拉松社区，也是最活跃的Web3开发者激励平台之一。 Dora Factory 的目标是为Web3 开源社区和生态系统在资助过程中遇到的一个重要问题提供解决方案，那就是如何让开源资助更加可持续。这对于 Web3 乃至整个开源世界的发展都至关重要。

Dora Factory 发展了两个产品来解决这个问题，第一个是公共物品质押（Public Good Staking）。公共物品质押的概念是通过原生区块奖励来激励整个区块链生态系统的发展。目前，Dora Factory PGS 是包含L1和应用链在内 30 多个区块链的验证节点，目前它是整个行业增长最快的验证基础设施之一

另一个产品是 Dora Vota，这是一个拥有先进治理技术的去中心化治理应用链。它可以帮助社区通过有效且高效的去中心化治理来提高资金利用效率。

MC：去中心化治理这个概念可能有些人还不是很熟悉，您能简单介绍一下吗？

Eric：可以的，比如当你拥有一个像 Layer 1 区块链这样的去中心化金融基础设施，或者像 DAO 这样的去中心化应用程序时，你就拥有了一个去中心化的社区。这个社区是分散的，社区成员可能来自世界各个地方。那么你如何做出重要决定呢？这是时候去中心化治理的作用就体现出来了。人们可以利用相关技术和协议栈，在去中心化的环境中做出集体决策。

例如，我们可以为去中心化社区创建特定的区块链原生机制，例如 Futarchy，它就是一个基于预测市场做出的治理决策。

MC：您认为去中心化治理将如何促进区块链技术的发展？

Eric：我认为去中心化治理技术的精神与区块链技术本身是一致的。区块链共识协议是协调分布式机器网络，你拥有的是去中心化的金融基础设施。中心化治理协议是协调去中心化社区中的人们，帮助这些人达成共识。但你知道，区块链协议是由人维护的，所以去中心化治理很重要。比如之前出现的 DAO Hack 硬分叉和 BTC / BCH 硬分叉。在没有治理的情况下，如果存在重大分歧，硬分叉是唯一可以采用的方法。

但如果利用去中心化治理协议，人们可以在人类层面达成共识。在去中心化社区中，这是一个很大的进步。这也有助于新一代的区块链技术的发展，这在一定程度上与多链和应用链运动的发展也是一致的。现在用户可以选择自己喜欢的链和喜欢的社区，这很大程度上就是因为去中心化治理的发展，而我们正处于这一运动的早期阶段。

MC：您能否分享一个例子，说明去中心化治理对项目或社区产生的切实的影响？

Eric: 这样的例子太多了。因为 Dora Factory 的公共物品质押验证了许多区块链网络，所以我们参与了很多生态系统的治理。其中有很多常见的问题，比如例行的软件升级、IBC 通道的恢复等，也有引发争论的热点话题。

两周前，我们关于 Injective（第 341 号提案）的提案获得通过。我们提议部署二次方融资智能合约并启动 Injective 原生二次融资。该提案以压倒性的投票率获得通过。社区对此的热情相当高涨。

当然，还有一个影响更大的例子。比如备受争议的 CosmosHub 848 号提案，该提案将通货膨胀率从 20% 降低到 10% ，并最终获得通过。 Cosmos ATOM 2.0 提案期间也存在较大争论，这个提案是最终没有通过。作为社区成员，如果你确实不喜欢她，你可以随时出售你的代币，加入另一个社区。但去中心化治理可以将人们凝聚在一起。

MC：您认为去中心化治理中出现了哪些趋势，这些趋势将如何塑造区块链技术的未来？

Eric：我想我不能代表整个行业，但对我们来说，零知识证明的发展以及如何将其应用于去中心化治理很重要。 Dora Vota 目前为 MACI 开发了一个通用接口，通过零知识证明，我们可以参与投票，进行去中心化治理，完成对投票者的隐私保护以及抗共谋。

早在 2022 年，ETHDenver 就采用了 MACI 来帮助激励黑客马拉松 BUIDL。在那次投票活动中，我们将 Spork DAO 持有者列入白名单，他们可以匿名投票，最终结果通过零知识证明进行验证。之后，MACI 在开源资助中的应用越来越多，例如 0x 黑客松、Opensea 和 Replit 黑客松。现在，基于 Dora Vota，开发者部署这类治理技术、MACI 投票的成本会大大降低，因此即使非常小的社区也可以进行自己的去中心化社区治理。

MC：您认为监管考虑因素会如何影响去中心化治理的模型设计，您会如何应对这些挑战？

Eric：我认为去中心化治理技术正在帮助解决这个问题。随着时间的推移，做到Web3 协议真正的去中心化、社区足够的自治以及保护社区用户并践行承诺，将是最重要的事情之一。去中心化治理技术可能是确保这一点的最重要的技术。

X Space 访谈回顾：https://d1x7dwosqaosdj.cloudfront.net/images/2024-02-28/b491244c24a7b42c63e43e16fb9db96b

关于 DoraFactory

Dora Factory 创建了协议、工具和公共物品基础设施，以帮助开源社区和前沿技术开发者的发展。Dora Factory 是增长最快的 PoS 验证器之一，总锁定价值超过 3 亿美元。

官网｜官方 X

关于 Dora Vota

Dora Vota 是一条专门用于投票和去中心化社区治理的区块链。Vota 首次将本地二次方资助引入到 Cosmos Hub 中。

了解更多

Letture associate

Soaring Export Data for Memory Chips, Market Is Redefining the Valuation Anchor for Memory Stocks

Korean storage export data for the first 20 days of June shows substantial year-on-year increases in both value and price-per-kilogram for categories like DRAM, NAND, and SSDs. This signals a potential shift beyond simple demand recovery, indicating rising prices and a product mix shift towards higher-value items, possibly influenced by AI infrastructure needs. A key point is that the surge in price-per-kilogram is not simply a uniform chip price hike. It reflects a combination of actual price increases and, more importantly, an export structure increasingly dominated by high-value-density products like HBM (High-Bandwidth Memory) and advanced DRAM, which are critical for AI servers. This suggests AI-driven demand may be spilling over from just HBM into broader memory markets. SK Hynix stands to benefit directly due to its leading HBM position. For Samsung and Micron, the implication is potential for greater margin elasticity if the tightness in high-end memory spreads to enterprise SSD and NAND prices. However, the storage sector remains cyclical. Risks include supply expansion, inventory changes, and potential slowdowns in broader AI capital expenditure. Ultimately, while the strong export data supports upward revisions for storage company earnings and fuels discussion of an "AI infrastructure bottleneck premium," a definitive valuation shift from a cyclical to a structural story depends on upcoming quarterly reports. Investors need confirmation from SK Hynix, Samsung, and Micron that improvements in average selling prices, product mix, and, crucially,毛利率 are sustained over multiple quarters.

marsbit3 min fa

Soaring Export Data for Memory Chips, Market Is Redefining the Valuation Anchor for Memory Stocks

marsbit3 min fa

Why Does SpaceX Have Such a High Valuation Ceiling? The Answer Lies in Musk's Business Blueprint

SpaceX achieved a record-breaking IPO on June 12, 2026, with its market cap surging past $2.1 trillion. This valuation reflects its central role within Elon Musk's expansive, interconnected technological ecosystem. The article details how four core components form a synergistic closed-loop system: 1) **The "Brain" (xAI & Orbital Compute):** xAI provides AI models and massive ground/space-based supercomputing for simulation and decision-making across the system. 2) **The "Neural Logistics Core" (Starlink & Starship):** Starlink's low-latency satellite network enables global data transmission, while Starship's low-cost, reusable launch capacity aims to make large-scale space deployment economically viable. 3) **The "Physical Body" (Tesla & Optimus):** Tesla's manufacturing prowess and energy products support hardware production and power, pivoting toward mass-producing the Optimus humanoid robot for terrestrial and potential space-based labor. 4) **The "Human Interface" (Neuralink & X):** Neuralink seeks direct brain-computer communication, and the X platform provides real-time societal data. Together, these elements create three reinforcing "flywheels": manufacturing/logistics, data-driven iteration, and energy/compute/network synergy. This integrated approach promises lower costs, faster innovation cycles, and potential infrastructure-as-a-service offerings. However, it also concentrates technical, regulatory, and corporate governance risks. Ultimately, SpaceX's high valuation stems from its position as the indispensable infrastructural backbone—handling space transport, global communications, and future orbital computing—tying together Musk's entire vision for a self-reinforcing technological empire.

marsbit8 min fa

Why Does SpaceX Have Such a High Valuation Ceiling? The Answer Lies in Musk's Business Blueprint

marsbit8 min fa

Snap, Unprofitable for Nine Years, and a Decade-Long AR Obsession Without Return

Snap's AR Obsession: A Decade of Betting Against the Odds On June 16, Snap CEO Evan Spiegel unveiled the new AR glasses, Specs, priced at $2,195, causing the company's stock (SNAP) to plummet nearly 10%. The launch was met with intense criticism online, with investors questioning why a consistently unprofitable company would stake its future on an expensive product its core young user base can't afford. Snapchat, known for pioneering features like ephemeral Stories and popular AR lenses (like the iconic dog filter), has a history of innovation often copied by rivals like Instagram and Meta. Despite this, it has struggled to translate first-mover advantage into commercial success. Since its 2017 IPO, Snap has reported annual net losses, with a Q1 2026 loss of $89 million. Its stock is down 94% from its 2021 peak, hampered by iOS privacy changes, competition, and a young demographic less attractive to major advertisers. In this challenging context, Spiegel is doubling down on AR. He calls 2026 a "crucible moment," having recently laid off 16% of staff while reportedly investing over $3.5 billion cumulatively in its AR glasses line over nearly a decade. The new Specs represent a significant leap from the 2016 camera-focused Spectacles, offering true AR overlays, gesture control, and standalone operation. However, at $2,195, it faces tough comparisons. While more advanced than Meta's $799 Ray-Ban smart glasses, critics point to its heavier weight, short battery life, and features largely replicable by a smartphone. Facing pressure from investors to cut losses on the Specs project, Spiegel has refused, framing it as essential to Snap's long-term vision. The company finds itself in a paradoxical position: cutting costs while heavily funding a decade-long, unproven bet. Some see Specs as an awkward but necessary step in AR's evolution, akin to early mobile phones. Whether Spiegel is a visionary outlier or a gambler destined to fail remains an open question, highlighting the tension between long-term ambition and short-term market demands.

marsbit29 min fa

Snap, Unprofitable for Nine Years, and a Decade-Long AR Obsession Without Return

marsbit29 min fa

Annualized Revenue Exceeds $20 Billion, Kalshi Aims to Become the First Prediction Platform IPO?

Kalshi, a leading U.S. prediction markets platform, is reportedly in early, informal discussions for an Initial Public Offering (IPO). The company's annualized revenue now exceeds $2 billion, fueled by its dominance of over 90% of the domestic prediction market activity. This growth stems from a surge in trading volume—reaching a total of $52.7 billion—and an increase in fee rates, largely driven by sports event contracts like the NBA playoffs and the 2026 FIFA World Cup. Monthly active users are approximately 2 million. Kalshi recently raised $1 billion in a funding round led by Coatue Management, valuing the company at $22 billion. It has also expanded its offerings to include Bitcoin perpetual contracts and plans to launch a dedicated trading platform, Kalshi Pro. However, Kalshi's path to an IPO faces significant regulatory hurdles. The core risk involves jurisdictional conflicts, as multiple U.S. states are challenging its operations under local gambling laws. For instance, Arizona has filed criminal charges against the platform, while states like Kentucky have filed lawsuits. Kalshi and the Commodity Futures Trading Commission (CFTC) argue that its event contracts fall under exclusive federal jurisdiction as "swaps." The outcomes of these ongoing legal battles could critically impact Kalshi's core revenue and its IPO timeline. Analysts suggest that while an IPO could theoretically occur by late 2026, a more likely timeframe is late 2027 or 2028, contingent on resolving legal issues and favorable market conditions. If successful, its fundraising could significantly exceed $1 billion, given its current valuation and revenue multiple.

Foresight News47 min fa

Annualized Revenue Exceeds $20 Billion, Kalshi Aims to Become the First Prediction Platform IPO?

Foresight News47 min fa

Don't Care if You Know Football or Not, Buying the Draw Is the Best Strategy for This World Cup?

The article analyzes the 2026 FIFA World Cup group stage and argues that betting on a draw has been a surprisingly profitable strategy. Based on data from the prediction market Polymarket, a strategy of betting $1000 on a draw for each of the first 40 matches would have yielded a return of over 100%, despite only 13 matches ending in a draw. The core of the strategy is not the frequency of wins, but the high payout when low-probability draws occur, such as Spain's 0-0 draw with Cape Verde, where pre-match odds for a draw were only 5.5%. The article identifies common draw scores, like 1-1, which provide stability, and high-value 0-0 stalemates, where favorites fail to break down resilient defenses. It highlights Group G as an example, where 3 of the first 4 matches ended in draws, illustrating that draws are a tactical part of group stage calculus as teams often prioritize not losing. In conclusion, while strong teams remain favorites on the pitch, the article claims that for traders, betting on draws has so far produced the most significant profits.

Odaily星球日报57 min fa

Don't Care if You Know Football or Not, Buying the Draw Is the Best Strategy for This World Cup?

Odaily星球日报57 min fa

Trading

Spot

Futures