added by sari ยท updated 2y ago
Don't show Me the Money
- Crypto and blockchain-based applications aim to steer the web towards its original vision: an open network, based on public-domain protocols, controlled by no one. It promises to enable "decentralized" alternatives to the tech and government giants we all know and love.
from Crypto and the Conservation of Centralization by Dror Poleg
sari added
Keely Adler and added
- Web3 is an extension of cryptocurrency, using blockchain in new ways to new ends. A blockchain can store the number of tokens in a wallet, the terms of a self-executing contract, or the code for a decentralized app (dApp). Not all blockchains work the same way, but in general, coins are used as incentives for miners to process transactions.
from What Is Web3? by Harvard Business Review
Danielle Vermeer added