DOP: DATA OWNERSHIP PROTOCOL ON THE WAY

BDPd...YkPe
20 Jan 2024
78

The Data Ownership Protocol (DOP) is utilizing zero-knowledge proofs in order to allow flexible transparency on top of Ethereum L1. DOP allows users and DApps to store assets and make transactions privately, or selectively disclose token holdings and historical information
DOP aims to redefine paradigms by enabling user-owned data, empowering users to selectively disclose their on-chain activities. Leveraging zk-SNARKs and ECDSA, we empower users to precisely curate the information they wish to share regarding their asset holdings and transactions, all while maintaining seamless interoperability with the Ethereum dApps and liquidity.

In Web3 and blockchain-based systems, user data like account balances, transactions, and on-chain activity are fully transparent and public by default. While this transparency enables censorship resistance and auditability, it comes at the cost of user privacy. This status quo leaves everyday users with an all-or-nothing choice when interacting on blockchains - either fully expose all your data publicly, or don't participate at all. There are many situations where users may desire more nuance and control over what information they share and what remains private.

DOP platform introduces the concept of user-controlled selective disclosure of on-chain data. Users can choose to selectively disclose certain account information and transaction details, while keeping other data points private For example, a user could showcase their NFT publicly to build their brand, while keeping their account balances or transaction patterns concealed. Or only share transaction data with certain approved counterparties, while keeping it hidden from the general public. By empowering users with control and flexibility over their data exposure, DOP enable wider mainstream blockchain adoption by those who value their financial privacy. At the same time, DOP provide tools to blacklist illicit activity, maintaining accountability and ethical standards. DOP platform, built as a protocol on top of Ethereum, enables this new paradigm of selective transparency. Users can transact freely with the selectivity and control they desire over their data and visibility. Additionally, It allows users to securely interact with decentralized applications on the Ethereum blockchain, an interoperability that provides an enhanced user experience.

DOP aims to take an adaptive and decentralized approach to upholding ethical standards on the platform. Rather than a centralized team making unilateral decisions, DOP will empower the community to self-govern protections against illicit activity. The DOP Decentralized Autonomous Organization (DAO) will nominate and elect a rotating committee of node operators to monitor the platform for risks. This committee will be responsible for maintaining a shared blacklist of prohibited wallets. To submit evidence, users and outside entities can flag concerning activity through established proposal channels in the DAO. The committee reviews submissions, conducts further investigation if needed, and decides on appropriate actions.

The DOP protocol will initially support ERC20, ERC721, and ERC1155 token standards. This allows users to selectively disclose their token holdings and transaction histories across major asset types. For example, users can choose to only share the symbols of tokens they own without revealing balances or transaction details. They can also selectively showcase partial holdings, like sharing they own over 2 ETH without disclosing the full amount. While users have granular control, the system maintains accountability - false information cannot be shared and any partial disclosures will be transparently verifiable on DOPscan (DOP’s protocol explorer). This blend of flexibility and trust enables DOP to unlock new utility for tokenized assets while empowering users to control their exposure.

TOKEN ECONOMY DOP has its own native token, DOP, that serves key functions within the ecosystem. The token distribution is allocated as follows:


This distribution strongly favors users, with 55% of tokens allocated to the community via airdrops, rewards, and other incentive programs. The team, advisors, and other entities are subject to long vesting schedules to ensure commitment to the long-term growth of DOP. A small degree of inflation is introduced to provide ongoing funding for development and maintenance. After an initial two year period with no inflation, the DOP supply will have a 2% annual inflation rate enabled. However, this modest inflation rate is projected to be outweighed by simultaneous deflationary pressures like transaction fee burns and supply reductions from buybacks. The net result is intended to be continued deflation even accounting for the 2% inflation funding mechanism.

Data Ownership Protocol has launched a testnet and has confirmed to do an airdrop to the testnet participants. Sign up, create your DOP wallet and complete the testnet steps to be eligible for the airdrop. Also, refer your friends and get 20% of their reward.

IT IS LIVE!!!!!!!
YOU CAN PARTICIPATE BEFORE END

DOP TESTNET PAGE
DOP TESTNET PAGE


DOP TESTNET PAGE

METAMASK AND TWITTER ACCOUNT ARE ENOUGH


DOP offers a novel solution in the blockchain space by empowering users with control over their on-chain data exposure. Through a combination of off-chain computations, zero-knowledge proofs, and selective visibility, DOP gives users the flexibility to balance transparency with privacy. For the first time, everyday cryptocurrency users can choose precisely what information they wish to share publicly versus keep obscured. This grants individuals and organizations new possibilities in managing their digital footprint. By abstracting away blockchain complexities into simple, intuitive user experiences, DOP makes data ownership accessible for mainstream audiences. The integrations with major external wallets lower barriers to entry further by meeting users where they already are. Under the hood, innovations like the off-chain architecture, zero-knowledge proofs, and custom blockchain networks provide performance, scalability and interoperability. DOP is built for the future evolution of Web3 and metaverse ecosystems. The DOP token serves as the native economic engine, aligning incentives around network growth and providing governance influence to decentralize power. The deflationary tokenomics ensure long-term sustainability. With a forward-thinking protocol, DOP lays the foundation for the next generation of privacy-preserving and user-controlled blockchain applications. As the technology landscape continues to develop, DOP will remain on the cutting edge.

DOP TESTNET PAGE
DOP TESTNET PAGE

DOP TESTNET PAGE

EVERYBODY IS TALKING ABOUT DOP PLATFORM AND DOP AIRDROP. IT IS ESTIMATED THAT IT WILL BE A HUGE AIRDROP AFTER LAUNCH OF THE TOKEN. IT IS HIGHLY RECOMENDED BUT THIS IS NOT AN FINANCIAL OR INVESTMENT ADVICE. PLEASE DO YOUR OWN RESEARCH BEFORE PARTICIPATION.

You can kindly connect me on comment section if you want any support about airdrops. You can also request a new topics to text on BULB. I would like to explain Airdrops you want.

Thank you for reading.
Lets meet on the comment section.
Best wishes.







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