Bankless What's going on with Canto?
5 snips
Feb 9, 2023 
Zak Cole, co-founder and CTO of Slingshot and a key contributor to Canto, dives into the exciting developments within the Canto blockchain. He highlights Canto's innovative Contract Secured Revenue model, which empowers developers financially. The conversation explores the unique governance structures shaping the community, the importance of decentralized participation, and the tensions between Canto and Ethereum communities. Zak also reflects on fostering a positive cultural environment that prioritizes collaboration over price obsession, paving the way for a vibrant builder ecosystem.
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Canto's Core Experiment
- Canto is a Layer 1 blockchain experimenting with economic primitives, especially Contract Secured Revenue (CSR).
- CSR distributes a portion of transaction fees to contract deployers, subsidizing development.
Nationalizing Infrastructure
- Canto 'nationalizes' core infrastructure like DEXs and lending markets, funding them with protocol fees.
- This differs from Ethereum, where such applications are privately developed and fees accrue to their own tokens.
Market-Driven CSR
- Canto distributes funds based on contract usage; the market decides which contracts receive more.
- Inefficient contracts get less usage, so developers are incentivized to create efficient, user-friendly applications.