In the vast Blockchain ecosystem there are thousands of Tokens or Coins. Behind many of these are ambitious projects forming around the idea of Decentralization. One of these is “District0x” and it aims to be a sort of Decentralized Craigslist. The difference is that people will vote for a District’s existence, instead of being forced what Districts to visit. This is what Decentralization projects are all about. According to their own White Paper:
“Districts exist as decentralized autonomous organizations on the District0x. Network, built upon a standard open source framework comprised of Ethereum smart contracts and front-end libraries, hereafter referred to as d0xINFRA. d0xINFRA provides districts with the core functionalities required to operate an online market or community. Namely, the ability for users to post listings, filter and search through listings, rank peers and amass reputation, and send invoices and collect payments. The d0xINFRA framework is designed to be open an extendable, allowing districts to be customized and granted additional functionality through the use of auxiliary modules.”
Blockchain Projects for the People
Currently, anyone can vote for a District here. This is a clear sign that this is not just conceptual but a work in progress. It also shows us what District0x aims to become. As of now there are 3 Districts in the works. Ethlance, Name Bazaar, and Meme Factory.
I see this project as being an evolution of the Social Media age, in the sense that the users will have potential to gain more influence and lower the barriers of entry that currently exist. All new things and ideas are subject to ridicule especially in the vast Cryptocurrency world. Here we see clear evidence of a work in progress. District0x will certainly be one of the key players in the future of the Blockchain network.