In pursuit of (zero) knowledge
The eagle-eyed among you may have noticed that in previous months, zero knowledge cryptography has become a key part of our on-going research efforts. The bear market has proven itself time and again to be the ideal time to allow oneself to focus on the completion of such research, and as of 2022, ZKC certainly qualifies as a stand-out technology in this regard.
We have been actively searching for promising ecosystems and projects in the ZK space, and believe that we have found one that deserves the attention of the OccamDAO community in the form of our friends at Galactica Network.
Privacy and compliance on-chain
Galactica Network is being built by a team working on the frontiers of what is possible in contemporary Web3, and is designed to deliver the compliance so sorely needed in the post FTX crypto world, while maintaining full privacy for users via ZKC. Galactica Network features the concept of reputation, a critical societal primitive, which, when modeled on-chain through their zk-based tech stack, enables true meritocracy, the foundation of DeSoc, and the future of Web3.
DeFi currently has several drawbacks, such as the lack of capital efficiency due to the prevalence of Sybil attacks — lenders simply can’t trust an anonymous account with anything other than massive overcollateralization as addresses are too easy to manipulate and duplicate. The reputation-augmented DeFi solutions available on Galactica Network largely solve these issues — you don’t simply have an unidentifiable address, but an entire Persistent Identity that becomes ever more complex the more actions you take within their ‘Cypher State’.
Occam DAO, and Galactica Network
We are currently in close communication with the Galactica Network team, and time will tell how our ecosystems will fully interact, but for the time being we believe that the Occam DAO community can benefit from witnessing the evolution of Galactica Network from its inception.
Check out the Galactica Network website and social channels using the links below — let’s help them spread the word: if successful, their team and community will not forget the support we’ve shown!
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