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If bitcoin’s blockchain ends up as the default protocol for these new applications, it’s going to need some serious upgrading before it can live up to all these sweeping, life-altering promises.
Paul Vigna , Michael J. Casey • The Age of Cryptocurrency
With the blockchain, you can do all of that with the addition of a new option. You can record your activity in a permanent record that nobody else can alter or destroy. You can also control what that record reveals about you. Some, like me, use real-world names and easily identifiable details. Others--most, I think--use an anonymous identity. So, y... See more
Adam Davidson • Real world problems that web3 could solve--at least for me
Moreover, even though many blockchains claim to be able to handle thousands of transactions per second, aka TPS, this metric does not take into account the storage properties of the application at hand. There is a big difference between 50,000 DeFi transactions, which may generate zero bytes of new state data, as opposed to 50,000 social transactio... See more
Deso • Web3 Will Not Be Built on Smart Contracts • DeSo (Decentralized Social) Blockchain
What is a Blockchain? (Animated + Examples)
youtube.comWhile Blockstack is a low-entropy carrier of identity, naming, routing discovery, and property rights, Ethereum is a high-entropy platform for Internet money-making, fundraising, and ingenious programming.
George Gilder • Life After Google
While today's general-purpose blockchains have worked well for storage-light applications like DeFi, they cannot scale to handle storage-heavy applications like social apps and marketplaces. Imagine a world in which every ‘like’ or follow on a decentralized app cost $1.00+ in storage fees. Unfortunately, that is the reality now because of the stora... See more
Deso • Web3 Will Not Be Built on Smart Contracts • DeSo (Decentralized Social) Blockchain
@sealaunch
dune.com
But we also need to go a level deeper. Blockchains and network states have the shared property that they are both trying to "create a new root".