A post-blockchain Web3
AI summary of the linked articleThe article argues that current Web3 is trapped in itself, since most crypto apps, including DeFi, mainly speculate on tokens rather than serving uses outside the crypto sphere. It proposes a "post-blockchain Web3," an internet-scale ecosystem where off-chain programs trustlessly compose with on-chain programs and decentralized protocols compose into full-stack dApps off-chain. The authors present Mel, a clean-slate blockchain built around trustless, powerful light clients, so that apps can verify on-chain state without trusting RPC providers such as Infura. Mel is described as low-level infrastructure like IP or DNS, and Earendil, a censorship-resistant communication protocol, is named as its core communication system. |
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2 comments zinkk.ethSubmitter If you want more context I recommend this episode of Epicenter: https://pca.st/episode/768f9efe-a0a0-4aa5-892f-e7dcb7c8079a I really like the idea of using truly light clients and minimal on-chain to create decentralized apps and protocols. This could be the answer to so many web3 critics saying that we don't need blockchains, because web2 is already decentralized (email). It is, kind of, but you still don't own your identity and privacy. This combines the best of 2 worlds. This 'onchain minimization' was one of the ideas behind Kiwi architecture. Very few things - like Kiwi Pass contract and key delegation contracts - are stored onchain. Which btw was one of the reasons why we received such a small OP Grant - we didn't generate enough txs for the OP. |