Ethereum co-founder suggests using zero-knowledge proofs and blockchain-based identity systems to ensure tokens reach genuine community contributors.
Ethereum co-founder Vitalik Buterin has introduced a new approach to crypto airdrops aimed at making the distribution of tokens fairer and more meaningful. His proposal focuses on using advanced technologies like zero-knowledge proofs and blockchain-based identity systems to ensure that tokens are given to genuine community contributors rather than opportunists.
In the current landscape, crypto airdrops often face the issue of being exploited by individuals who game the system for profit. These opportunists typically have no real interest in the project's success and are only in it for the quick gains. This undermines the purpose of airdrops, which is to reward and incentivize genuine community engagement.
Buterin suggests leveraging zero-knowledge (ZK) proofs and blockchain-based identity frameworks to create a more equitable system. Zero-knowledge proofs allow for the verification of information without revealing the information itself, adding a layer of privacy and security. By using these proofs along with blockchain-based identity systems, projects can better assess the overall activities and interactions of individuals within the community.
The core idea is to target individuals who have shown meaningful engagement and contributions to the community. This could include activities such as participating in discussions, contributing to project development, or even promoting the project in a positive manner. By focusing on these genuine contributors, the airdrop process can help foster a more committed and involved community.
Buterin also mentions the possibility of offering discounted tokens to highly involved participants. This ensures that those who have a stake in the project's success are rewarded accordingly. By giving these participants a financial incentive, the project can further ensure their continued involvement and support.
