Our financial system has been constructed and run by centralized applied sciences (emails, APIs, CRMs, e-commerce, ERPs, SQL databases, cloud computing). It modified when decentralized applied sciences arrived, enabling protected financial interactions with anybody – even strangers you don’t belief. You simply have to belief the know-how.
Many people love the brand new decentralized system a lot that we imagine every part centralized is evil and must be averted in any respect prices. We imagine in options that present most decentralization. This method pushes us to construct novel trustless options. However it additionally prevents us from adopting options constructed on acceptable compromises that make programs simple to make use of and scale.
A 3rd class that bridges the hole between these two worlds is rising. We refer to those options as “gluers”. Gluers assist design an financial system primarily based on tight interplay between decentralized and centralized parts, which builders and firms judiciously determine the right way to combine.
Gluers are logically, architecturally, and politically centralized, identical to the normal IT system. Nonetheless, not like a centralized system, a gluer is non-custodial, and can’t steal your funds. They’re fully replaceable, and any system is more likely to have a number of gluers. This permits for low reliability on one specific gluer.
The Gluing manifesto describes many sorts of Gluers – order matchers, relayers, gasoline station networks, watchtowers, and so forth. Amongst these state connectors are the gluers with probably the most promise. This device performs a match on the strains of ‘If this, then that’, on the blockchain information. The consumer receives the device’s output on his web2 apps like electronic mail and social media.
HAL.XYZ is a good ecosystem of state connectors, which assist customers question their blockchain information. Its mission is to merge centralized and decentralized platforms into one single tech panorama by serving to the common consumer automate and question blockchain information — from monitoring gasoline charges and blockchain transactions in real-time to monitoring and triggering notifications throughout Twitter, Telegram, Discord, Slack and extra. It’s built-in with Ethereum, Binance Good Chain, Avalanche, and Polygon.
By means of its 40+ easy API-integratable “recipes”, any venture can seek the advice of HAL to resolve time-exhaustive processes by enabling easy automation of updates. It additionally integrates with the consumer interface of dApps like Aave, Bancor, and Snapshot. HAL straight addresses points inside the DeFi and blockchain gaming industries, which lack digital asset administration options for buying and selling, compliance, and governance. It makes the Gluing Manifesto a actuality and helps people and organizations unleash the potential of their digital property.
Gluers have grow to be an integral factor of the common DeFi consumer’s ecosystem. They permit the design of an ecosystem primarily based on shut interplay between centralized and decentralized parts. The reliability of this method is a operate of the reliability of its parts (trustless parts + many gluers + the centralized IT that you just belief). The best way ahead is to legitimize them, and make sure that they’re environment friendly, safe, and replaceable.