Crypto Altruism Podcast Episode 178 - Gnosis 3.0 - Building Inclusive Crypto Solutions for Real-World Financial Use Cases
In episode 178, we’re excited to welcome Dr. Friederike Ernst, Co-Founder of Gnosis and Gnosis Pay, to dive into how Gnosis has evolved from its early days to where it is now. We’ll explore how Gnosis is building practical Web3 solutions, the challenges of making cryptocurrency tools accessible to everyone, Gnosis’ unique approach to decentralized governance, designing practical crypto user interfaces, and what the future holds for decentralized applications in real-world use cases.
Key Takeaways
For Web3 to succeed, the tools being created need to be better than their Web2 alternatives. When building decentralized tools, it’s important to ask yourself what legacy tools exist, and if they could be made better if they were built in a decentralized manner.
We need to “put up the drywall to hide the pipes” behind Web3 applications. This includes implementing gas abstraction so users don’t have to pay gas for each transaction, improving user flows and minimizing the number of approvals that need to happen, and displaying readable text when signing transactions, among other things.
To make large scale changes to the global financial systems, the most practical approach is to chip away at it over time, decentralizing parts of the system one at a time, until the system as a whole has been decentralized.
Don’t start by trying to onboard the next billion, start by focusing on onboarding one, and then go from there.
Follow Friederike and Gnosis
Episode Time Stamps
03:05 - What was your “Ah hah” moment that first got you excited about cryptocurrency/web3?
05:40 - To kick things off, can you please give a brief overview to the mission of Gnosis?
09:45 - The vision for Gnosis 3.0 is to make practical, everyday applications for the masses. Tell me more about how Gnosis aims to achieve this.
30:05 - What are some of the challenges that come with making Web3 tools accessible to hard to reach and traditionally excluded communities, and how are you working to overcome this?
34:05 - Talk me about the governance behind Gnosis, and how you maintain decentralization in decision making.
42:00 - What’s the best way for listeners to get in touch and learn more about Gnosis?
42:40 - To wrap things up, if you could name one thing that excites you most about the social impact potential of web3, what would it be and why?
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DISCLAIMER
While we may discuss specific web3 projects or cryptocurrencies on this podcast, please do not take any of this as investment advice, and please make sure to do your own research on potential investment opportunities, or any opportunity. We host a variety of guests on this podcast with the sole purpose of highlighting the social impact use cases of this technology. That being said, Crypto Altruism does not endorse any of these projects, and we recognize that, since this is an emerging sector, some may be operating in regulatory grey areas, and as such, we cannot confirm their legality in the jurisdictions in which they operate, especially as it pertains to decentralized finance protocols. So, before getting involved with any project, it’s important that you do your own research and confirm the legality of the project. More available HERE.
