Web3 Principles
A network where intentions flow into actions with predictable outcomes.
📄️ Trustless
Trust is the cornerstone of the web3 value proposition.
📄️ Identity
Crypto | Games | Mind Map
📄️ Composability
Crypto | Games | Mind Map
📄️ Decentralisation
Crypto | Games | Mind Map
🗃️ Interoperability
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📄️ Permissionless
Crypto | Games | Mind Map
📄️ Privacy
Crypto | Games | Mind Map
Censorship resistance through cryptography and decentralisation provide foundations of the Verifiable Web.
Primitives
Open Source 24/7/365 innovation.
- Cryptography
- Immutability
- Decentralisation
Building Blocks
Innovate at the edges.
Impact
- Payment Guarantee
Why Crypto Matters?
Capital Formation around generative technology in an arena for playing cooperative games.
A distributed database that is kept up to date across multiple computers where a historical data (chain) cannot be altered and new transactions processed only after consensus of the network.
A block stores the state of data after a each transaction where special data types store:
- Monetary Value
- Ownership
The last block has current Money balance with logic Logic to manage conditional value transfer.
The rules making transactions of value are written in Smart Contracts.
Each transaction costs a Gas fee.
It costs money to for people to run the decentralised network of computers. So each transaction has gas fee which is paid as incentive to those providing a machine to provide a node in the network.
Store of Value
The purpose of capital is to organise the tranformation of materials and relocation of products for accessibilty by customers.
Are tokens branded money?
- Chain Native
- Tokens (ERC20)
- NFT
Latency is Money
https://hackmd.io/@dataalways/latency-is-money