Chris Dixon: Crypto Networks and Why They Matter
youtube.comSaved by Marcel Mairhofer
Chris Dixon: Crypto Networks and Why They Matter
But how does bitcoin actually work?
youtube.comblockchains are computers that can, for the first time ever, establish inviolable rules in software.
Chris Dixon • Read Write Own: Building the Next Era of the Internet
1/ Topic: Turning networks into economies 🧵
Blockchains are virtual computers that run on top of a network of physical computers that trade off performance (overhead of consensus mechanism) for the novel property that you can make credible long-term commitments to users and developers.
And, through programmable trust, cryptonetworks stand to enable human cooperation at a scale that is completely unprecedented. Trust is becoming unbundled, decentralized, and inverted –– instead of flowing top down from institutions to individual people, it is now beginning to emerge bottom up from individuals and software.
Ali Yahya • Web 3.0 and the Future of Trust
