The Future of Innovation on the Blockchain
summary
A technical debate about permissioned vs permissionless ledgers focuses on real tradeoffs: running private chains looks like databases, public chains face denial‑of‑service vectors and censorship resistance, and interoperability aims for a financial‑cloud of many interoperable blockchains. Concrete work cited includes a Lighthouse smart‑contracts wallet, Android payment‑channel prototypes for Wi‑Fi that proved marginal economics, and an estimate of roughly $6M wasted engineering spent on the recent block‑size governance fight.
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