Compass

1/ This week’s 🧭 spotlight: ethos.network by serpin taxt and ben walther

Ethos is building a decentralized reputation system to combat crypto fraud, creating a trust layer for the onchain economy through credibility scoring

A Thread 🧵

This is a place for founders to connect, build, and gain resources.

2/ Ethos addresses a critical problem in crypto

With millions lost to daily scams and fraud, Ethos creates a system where reputation and trust become verifiable assets

Their platform incentivizes ethical behavior through a social Proof of Stake mechanism driven by human values and actions

4/ Ethos introduces a universal credibility scoring system

Starting at a neutral 1200, scores range from “untrusted” (0-799) to “exemplary” (2000-2800)

This score serves as an at-a-glance indicator of trustworthiness, helping users make informed decisions about who to engage with in the crypto space

5/ The platform is designed for ecosystem-wide adoption

The platform’s extensible architecture allows it to become a universal trust layer, potentially transforming the entire crypto economy

3/ The platform employs three core reputation mechanisms

Users can leave reviews (minor impact), vouch by staking ETH in others (major impact), and propose slashing for bad actors (major impact)

These actions combine to form a comprehensive credibility assessment system