Namada's existence relies on its open-source software stack, research, and ecosystem tooling all of which have relied on standing on the shoulders of other open-source information, readily available to the public through the internet. All of these foundations share the common attribute of being non-rivalrous and non-excludable, which are sufficient charactersitics to define them as public goods. It is a well known concept in the economics literature that public goods tend to be underfunded due to these qualities. In short, this occurs because of coordination problems between individuals, whereby equilibrium market prices do not reflect the benefit the goods existence brings to the society as a whole, but rather the buyers of the good. It can be shown that if the consumers of the good (i.e buyers and free-loaders respectively), all merged into a single actor that made a single purchasing decision, this collective problem can be solved trivially. In economics, this imaginative all-knowing figure is sometimes referred to as the "social planner". In reality, unfortunately, merging all benefactors into one individual is not feasible, and therefore we must use other tools at our disposal to attempt to reach the same outcomes as the social planner would arrive at. Example Here is a short example to demonstrate this. Let’s simplify the world where we have some public good free open source software. Let the number of blocks committed towards this project be denoted by $x$. Assume that each additional block of code committed provides the end user with $(100 - x)$ additional “monies” of benefit, and costs the developer $x$ “monies” to commit.
3/14/2023How do I join as a validator post-genesis? Joining as a validator post genesis can be done following these instructions How do I use the Faucet? The faucet can be used to get a various list of tokens from the following command: namadac transfer \ --token NAM \
12/16/2022Between the most recent testnet and a devnet The most recent testnet is running on chain-id qc-testnet-5.1.025a61165acd05e The most recent devnet is on namada-5e6c06e.6402c8cc0d8cca7 [global] log_level = 'debug' [mode]
12/12/2022This document describes using the inter-blockchain communication (IBC) protocol with Namada. This documentation covers being able to create connections through IBC as well as setting up local fractal instances of Namada for testing purposes. :::warning Warning! This is quite an advanced feature at the moment and is currently in development ::: This document will cover three essential steps for using IBC with namada Configuring the client for IBC Creating channels between nodes
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