App
Here is how we are progressing on the mechanisms and economics of Dotare App
Roadmap
Infrastructure: 2024-12
Spooling up infrastructure to allow for the most flexibility as we validate each piece of the puzzle.
Notes:
- Google Firebase for unified Web and Mobile App Deployment
- Vercel for front end rendering management
- General development environment and collaboration tools
Authentication: 2025-01
To set the stage for users to securely interact with the app we leverage our existing Google Firebase infrastructure.
Notes:
- Google Firebase Authentication
Wallet Connect: 2025-01
With the Cardano being the underlying blockchain for delivering funds from and to users we added initial support for the following native wallets. Once a user adds their wallet, it is saved for easy reference when interacting with the app.
Notes:
- Founding Organization Wallets: Daedalus, Lace, Yoroi
- Community Wallets: Begin, Eternal, Gero, Typhon, Vesper
Native Token Swaps: 2025-01
A Cardano decentralized exhange (DEX) was added for users looking to swap their native tokens before or after interacting with the app.
Notes:
- DexHunter Decentralized Exchange Aggregator
Fiat On-ramps & Off-ramps: In Progress
Providing Fiat on/off-ramps opens up adoption to non crypto native users to participate as both benefactors and beneficiaries.
Notes:
- On/Off-ramp partner selection
- Implementation
FAQs
What is Universal Basic Income (UBI)?
Universal Basic Income (UBI) is a policy proposal where all individuals in a society receive a regular, unconditional cash payment from the government, regardless of their employment status or income. The primary goal is to provide a financial safety net that ensures everyone can meet basic living needs, such as food, shelter, and healthcare.
UBI is distinct because it is universal (available to everyone) and unconditional (not tied to work requirements or means testing). This simplicity eliminates the administrative costs of traditional welfare programs and avoids stigmatization often associated with receiving government assistance.
UBI is distinct because it is universal (available to everyone) and unconditional (not tied to work requirements or means testing). This simplicity eliminates the administrative costs of traditional welfare programs and avoids stigmatization often associated with receiving government assistance.
What are Blockchains?
A blockchain is a decentralized, digital ledger that records transactions across multiple computers in a secure and tamper-resistant manner. It operates through a network of participants who collectively validate and maintain the data, ensuring transparency and trust without requiring a central authority.
Each blockchain consists of a series of blocks, where each block contains a list of transactions. These blocks are cryptographically linked to one another, forming a chain. Once a block is added to the chain, the information it contains becomes immutable, providing a permanent and transparent record.
Blockchain technology is powered by consensus mechanisms, such as Proof of Work (PoW) or Proof of Stake (PoS), which ensure that all participants agree on the validity of transactions. This decentralized structure makes blockchains resilient to fraud, hacking, and single points of failure.
Each blockchain consists of a series of blocks, where each block contains a list of transactions. These blocks are cryptographically linked to one another, forming a chain. Once a block is added to the chain, the information it contains becomes immutable, providing a permanent and transparent record.
Blockchain technology is powered by consensus mechanisms, such as Proof of Work (PoW) or Proof of Stake (PoS), which ensure that all participants agree on the validity of transactions. This decentralized structure makes blockchains resilient to fraud, hacking, and single points of failure.
What is Crytocurrency?
Cryptocurrencies are digital or virtual currencies that use cryptography for secure transactions and operate on decentralized networks powered by blockchain technology. Unlike traditional currencies issued by governments (fiat money), cryptocurrencies are typically not controlled by any central authority, making them resistant to censorship and manipulation.
Cryptocurrencies are stored in digital wallets and transferred between users on the blockchain. Transactions are verified through consensus mechanisms like Proof of Work (PoW) or Proof of Stake (PoS), ensuring security and accuracy. Cryptocurrencies can be used for various purposes, including payments, investment, remittances, and access to decentralized finance (DeFi) services.
Cryptocurrencies are stored in digital wallets and transferred between users on the blockchain. Transactions are verified through consensus mechanisms like Proof of Work (PoW) or Proof of Stake (PoS), ensuring security and accuracy. Cryptocurrencies can be used for various purposes, including payments, investment, remittances, and access to decentralized finance (DeFi) services.
What is Cardano?
Cardano is a decentralized blockchain platform designed for scalability, sustainability, and interoperability. Launched in 2017 by Charles Hoskinson, a co-founder of Ethereum, Cardano is built on a layered architecture, separating its settlement layer for transactions from its computation layer for smart contracts. This design enhances security and flexibility.
Cardano uses a proof-of-stake (PoS) consensus mechanism called Ouroboros, which is energy-efficient and secure. It incentivizes network participants to validate transactions and create new blocks. Unlike proof-of-work (PoW) systems, PoS minimizes environmental impact while maintaining decentralization.
The platform prioritizes academic rigor, employing a research-driven approach. Its development is guided by peer-reviewed scientific research, ensuring robustness and innovation. Cardano supports the development of decentralized applications (dApps) and smart contracts, making it a competitor to platforms like Ethereum.
Cardano’s native cryptocurrency, ADA, facilitates transactions and staking within the ecosystem. Holders can delegate their ADA to staking pools to earn rewards and participate in governance.
Key features include high transaction throughput, low fees, and a focus on interoperability with other blockchains. Cardano’s roadmap is divided into five eras: Byron (foundation), Shelley (decentralization), Goguen (smart contracts), Basho (scaling), and Voltaire (governance). Each phase introduces advancements to improve the network.
Cardano’s mission extends beyond technology, aiming to create a more inclusive financial system, particularly in underserved regions. It focuses on real-world applications like identity management, supply chain tracking, and decentralized finance (DeFi), making it a versatile and sustainable blockchain solution.
Cardano uses a proof-of-stake (PoS) consensus mechanism called Ouroboros, which is energy-efficient and secure. It incentivizes network participants to validate transactions and create new blocks. Unlike proof-of-work (PoW) systems, PoS minimizes environmental impact while maintaining decentralization.
The platform prioritizes academic rigor, employing a research-driven approach. Its development is guided by peer-reviewed scientific research, ensuring robustness and innovation. Cardano supports the development of decentralized applications (dApps) and smart contracts, making it a competitor to platforms like Ethereum.
Cardano’s native cryptocurrency, ADA, facilitates transactions and staking within the ecosystem. Holders can delegate their ADA to staking pools to earn rewards and participate in governance.
Key features include high transaction throughput, low fees, and a focus on interoperability with other blockchains. Cardano’s roadmap is divided into five eras: Byron (foundation), Shelley (decentralization), Goguen (smart contracts), Basho (scaling), and Voltaire (governance). Each phase introduces advancements to improve the network.
Cardano’s mission extends beyond technology, aiming to create a more inclusive financial system, particularly in underserved regions. It focuses on real-world applications like identity management, supply chain tracking, and decentralized finance (DeFi), making it a versatile and sustainable blockchain solution.