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web3.js
Collection of comprehensive TypeScript libraries for Interaction with the Ethereum JSON RPC API and utility functions.
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metamask-extension
:globe_with_meridians: :electric_plug: The MetaMask browser extension enables browsing Ethereum blockchain enabled websites
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WorkOS
The modern identity platform for B2B SaaS. The APIs are flexible and easy-to-use, supporting authentication, user identity, and complex enterprise features like SSO and SCIM provisioning.
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ens
Discontinued Implementations for ENS core functionality: The registry, registrars, and public resolvers.
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No, nothing about this is centralized. From the FAQ:
> Q. Can I see the source code and run it locally?
> Yes. The source code for That's My Ape! is available here and is licensed for local, personal use.
The word "here" in that quote is a link to the source code: https://github.com/cryptogogue/thatsmyape
"Anyone" can run thatsmyape locally, and assuming they've ran `npm install`, they don't even need internet access to do so.
The best examples right now are honestly NFT marketplaces or DeFi, however you can authenticate with these services without needing to have any funds available on your wallet.
If you're curious and want to try out the flow, you can download a web3 wallet like MetaMask - https://metamask.io/ - this is a popular web wallet extension for Ethereum and EVM platforms. If you want to try out Solana, I recommend https://phantom.app/
I personally like Solana more than EVM chains at the moment but it doesn't cost anything for you to try either.
Once you have the extension, you can navigate to an NFT marketplace, and connect your wallet.
https://github.com/solana-labs/solana-web3.js
Essentially what it comes down to is a user has a wallet, that is typically a web wallet via extension, but you can of course use hardware wallets if you'd like, however those do require you to own one, so if you just want to play around with the ecosystem, these extensions are the easiest to use. These above projects are javascript APIs that allow for interacting with wallets and onchain programs.
No, it's not possible (yet?) to have a financial system on the blockchain that maps 1:1 to the existing financial system.
> So how does the average person buy a house where the title is managed on the blockchain with a significant portion of their life's savings and a mortgage from a bank?
The average person won't buy a house and will not have a mortgage, unless your idea of average person is of the average American.
But you know what any average person can do? They can put their capital (no matter how little) in a money market [0] where the lending rates are higher than what any other bank will offer them. They can stick only with stablecurrencies to avoid price volatility. If they do want to take on risk, they can speculate in the derivatives market [1]. They can get together with other "average people" in participate in a distributed capitalization lottery [2] and participate in a no-lose game.
With DAOs, they can profit even from being "share holders" in a system. Again, let me use ENS [3] as an example which is a good example of a project that has a "real business" with a clear business model. They just released their governance token, and it is quite possible that in the future this will become a vehicle to have a revenue share where token holders get to receive a dividend.
[0]: https://aave.com
[1]: https://synthetix.io
[2]: https://pooltogether.com
[3]: https://ens.domains
No, it's not possible (yet?) to have a financial system on the blockchain that maps 1:1 to the existing financial system.
> So how does the average person buy a house where the title is managed on the blockchain with a significant portion of their life's savings and a mortgage from a bank?
The average person won't buy a house and will not have a mortgage, unless your idea of average person is of the average American.
But you know what any average person can do? They can put their capital (no matter how little) in a money market [0] where the lending rates are higher than what any other bank will offer them. They can stick only with stablecurrencies to avoid price volatility. If they do want to take on risk, they can speculate in the derivatives market [1]. They can get together with other "average people" in participate in a distributed capitalization lottery [2] and participate in a no-lose game.
With DAOs, they can profit even from being "share holders" in a system. Again, let me use ENS [3] as an example which is a good example of a project that has a "real business" with a clear business model. They just released their governance token, and it is quite possible that in the future this will become a vehicle to have a revenue share where token holders get to receive a dividend.
[0]: https://aave.com
[1]: https://synthetix.io
[2]: https://pooltogether.com
[3]: https://ens.domains
No, it's not possible (yet?) to have a financial system on the blockchain that maps 1:1 to the existing financial system.
> So how does the average person buy a house where the title is managed on the blockchain with a significant portion of their life's savings and a mortgage from a bank?
The average person won't buy a house and will not have a mortgage, unless your idea of average person is of the average American.
But you know what any average person can do? They can put their capital (no matter how little) in a money market [0] where the lending rates are higher than what any other bank will offer them. They can stick only with stablecurrencies to avoid price volatility. If they do want to take on risk, they can speculate in the derivatives market [1]. They can get together with other "average people" in participate in a distributed capitalization lottery [2] and participate in a no-lose game.
With DAOs, they can profit even from being "share holders" in a system. Again, let me use ENS [3] as an example which is a good example of a project that has a "real business" with a clear business model. They just released their governance token, and it is quite possible that in the future this will become a vehicle to have a revenue share where token holders get to receive a dividend.
[0]: https://aave.com
[1]: https://synthetix.io
[2]: https://pooltogether.com
[3]: https://ens.domains