JAAN MD ⌘ (❖,❖)
@janmd07
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I am contributing to @RialoHQ
India
Joined January 2023
𝐁𝐞𝐭 𝐨𝐧 𝐚𝐧𝐲𝐭𝐡𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝐨𝐧𝐥𝐢𝐧𝐞 𝐝𝐚𝐭𝐚—𝐬𝐞𝐭𝐭𝐥𝐞 𝐢𝐭 𝐟𝐚𝐬𝐭 𝐚𝐧𝐝 𝐭𝐫𝐮𝐬𝐭𝐥𝐞𝐬𝐬 I can't think of anything, think @RialoHQ and make a prediction. @RialoIndian
@itachee_x
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In short You stake your assets once, and the 'interest' they earn acts as a continuous subscription payment to keep your software running indefinitely.
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𝐏𝐫𝐞𝐝𝐢𝐜𝐭𝐚𝐛𝐥𝐞 𝐂𝐨𝐬𝐭𝐬 As long as your staked amount generates enough interest to cover the app's needs, the app runs forever
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𝟑. 𝐒𝐞𝐭 𝐈𝐭 𝐚𝐧𝐝 𝐅𝐨𝐫𝐠𝐞𝐭 𝐈𝐭 Because the rewards are generated constantly, the app pays for itself 𝐍𝐨 𝐌𝐚𝐧𝐮𝐚𝐥 𝐓𝐨𝐩 𝐮𝐩𝐬 - You don't have to keep an eye on a wallet balance to make sure the app doesn't die
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𝟐. 𝐘𝐢𝐞𝐥𝐝 𝐁𝐞𝐜𝐨𝐦𝐞𝐬 𝐅𝐥𝐨𝐰 Instead of your staking rewards sitting idle or requiring you to manually claim them, they are instantly converted into a payment stream. This stream pays for the technical costs of running your app like transaction fees as they happen.
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𝟏. 𝐓𝐡𝐞 𝐒𝐚𝐯𝐢𝐧𝐠𝐬 𝐀𝐜𝐜𝐨𝐮𝐧𝐭 𝐌𝐨𝐝𝐞𝐥 Imagine you have a savings account that earns interest every month. Usually you wait a year, take that interest out, and then go buy groceries
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In short Rialo is building a way for Web3 to handle secrets, which is the only way it can actually work for everyday life.
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●𝐖𝐢𝐭𝐡 𝐑𝐢𝐚𝐥𝐨 = The 𝘽𝙇𝘼𝘾𝙆 𝘽𝙊𝙓 checks your bank via a private API key, confirms the payment happened, and tells the blockchain 𝙔𝙚𝙨, he's good, without ever showing your password or balance to the world.
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𝐑𝐞𝐚𝐥-𝐰𝐨𝐫𝐥𝐝 𝐞𝐱𝐚𝐦𝐩𝐥𝐞 Imagine an app that automatically pays your rent only when your private bank account shows you got paid. ●𝐖𝐢𝐭𝐡𝐨𝐮𝐭 𝐑𝐢𝐚𝐥𝐨 = You’d have to share your bank login with the whole blockchain its very Dangerous.
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𝟑. 𝐑𝐢𝐚𝐥𝐨’𝐬 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧- 𝐓𝐡𝐞 𝐂𝐨𝐧𝐝𝐮𝐜𝐭𝐨𝐫 It manages the 'dirty work' behind the scenes ● Deciding which privacy tool to use for which task. ●Making sure the people running the computers aren't cheating ●Routing encrypted data so it never leaks
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𝐂= FHE (Fully Homomorphic Encryption) Mathematical magic that lets you use data while it’s still encrypted. It’s the 'holy grail' but currently requires massive computing power.
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𝐁= MPC (Multi-Party Computation) Splitting a secret into pieces so no one person has the whole thing. It’s very secure.
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𝟐. 𝐓𝐡𝐞 𝐓𝐨𝐨𝐥𝐬- 𝐓𝐡𝐞 '𝐏𝐫𝐢𝐯𝐚𝐜𝐲 𝐓𝐫𝐢𝐨' Engineers have three main ways to hide data, but each has a weakness: 𝐀=TEE (Trusted Execution Environment), Like a secure chip in your phone. It’s fast but relies on hardware makers (like Intel or AMD).
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𝟏. 𝐓𝐡𝐞 𝐏𝐫𝐨𝐛𝐥𝐞𝐦- 𝐓𝐡𝐞 '𝐏𝐮𝐛𝐥𝐢𝐜' 𝐏𝐫𝐨𝐛𝐥𝐞𝐦 Most blockchains are transparent. If you try to connect your Amazon account or a private API key to a blockchain app that sensitive info might be exposed to the public. Because of this apps stay away from Web3.
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