An Engineer's Hype-Free Observations on Web3 Literary Notes

Read An Engineer’s Hype-Free Observations on Web3 (and its Possibilities) from PSL.

See also:

• Web3

Links to this note

• Smart Contracts Are a Computing Model That Requires Maintenance Forever

  Smart contracts that run on a distributed ledger effectively need to work forever to be useful. Working forever requires maintenance and security—the longer a computer program runs, the more exposure it has to change and the opportunity to be exploited.

• Nfts Are a Subset of Ownership

  NFTs lack the legal and regulatory protection of other forms of property. In the event of a dispute, there is no oversight. This fundamental principle of crypto projects (decentralization, no middle man, zero trust) limits what can be represented as a non-fungible token.