The primary infrastructure of Breadchain is like a mix between a community currency and a credit union. You receive the community currency BREAD by providing xDAI and the yield generated (via sDAI) is then distributed based on a continuous 30-day voting cycle of BREAD holders. As a holder of BREAD, you are not only helping fund the construction of post-capitalist crypto, but are also accumulating voting power to decide where the yield made from BREAD baking is allocated among the projects that make up the Breadchain network.

On June 28th, 2024, as planned and discussed in the weekly Breadchain community call, the Breadchain core developers successfully deployed the first version of the BREAD voting and distribution smart contracts and application to start the next phase of the project. The vote lasted until July 1st when, based on all of the votes received, the first BREAD distribution to all of the Breadchain Network projects was completed. We finally did it. We did post-capitalism, on-chain!

This past week was an incredible time at Berlin Blockchain Week with the Breadchain team! On May 25, 2024 we had our very own Breadchain Launch Event in Berlin at the Moos Space (with Vitalik in attendance) and competed in the ETH Berlin hackathon where we created a website to help track donations to ETH Evacuations during the live interview at the end of ETH Berlin. Here’s a summary of some of the things that happened.

Hello friends and BREAD Heads! It’s been a while but that’s because we’ve had our heads down hard at work to keep building out Breadchain while keeping up with all the latest innovations happening in the space. And we now have an important announcement to make that we’re incredibly excited about and will inform our next moves and expansion for the community.

Note: This is the most up to date version of how to use the Bread Crowdstaking Application now that we have completed our migration to Gnosis Chain.

This article has been updated since Breadchain migrated to Gnosis Chain.

How can revolutionary change be achieved today? Many web3 evangelists will tell you that the tools now at our disposal hold the answer. However, much of the web3 landscape is shaping up to look a lot like what we’ve seen before.

There is no denying that web3 has been heavily influenced by capitalist logic (ie, profit maximization, rent-seeking, etc.). Because of this, there’s an overwhelming bias that blockchains are a hyper-individualistic technical media dependent on financial speculation - but this is not what blockchains really are. They can more accurately be seen as permissionless networks of computers and users that collaborate with one another around a distributed database of economic information by reaching consensus. In this light, blockchains are more like platforms for economic cooperation of which many types of partnerships are possible.