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Update memo.md
mejango authored Aug 22, 2024

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commit 3d10ffcaf1531a1e54f95077238b0f7f2b461a3f
2 changes: 1 addition & 1 deletion memo.md
Original file line number Diff line number Diff line change
@@ -171,7 +171,7 @@ Revnets are the next step. They are an expression of the Juicebox language we kn

Their time is now – revnets would be too fragile to exist if a rent-seeking fiduciary facilitating the handling of money and rules was required, and can only outcompete as an encoded contract between network participants enforced by the blockchain protocols of today.

We've been working on revnets conceptually since late 2023, they're now implemented and ready for showtime. Importantly, revnets are built using Juicebox V4, whose fee collecting project will itself be modeled as a revnet. Juicebox V4's main innovation is enabling omnichain projects, meanning each revnet can exist across any number of blockchains and extend to new ones as they emerge and prove legitimate. Part 2 digs deeper into how these entities relate.
We've been working on revnets conceptually since late 2023, they're now implemented and ready for showtime. Importantly, revnets are built using Juicebox V4, whose fee collecting project will itself be modeled as a revnet. Juicebox V4's main innovation is enabling omnichain projects, meanning each revnet can exist across any number of blockchains and extend to new ones as they emerge and prove legitimate. Part 2 further explains how these entities relate.

### 1.5 Call to action