Decentralized Consensus Technology: Enabling the World of Networks
Today, we live in the platform economy age. But what’s next? Will deep networks in decentralized ecosystems shape the future?
The blockchain ecosystem is maturing in front of our eyes. While some of the early hopes and visions might not have manifested themselves (at least so far), the overall progress from the earliest days is undeniable. But what is the takeaway after the first decade of blockchain/crypto/DLT/web3 and where are things headed?
In the following piece, I synthesize my recent thinking that is based on observation, work in the field and many, many dialogues with people within the industry. And, of course, I heavily draw on the many exchanges with my great colleagues at Untitled INC.
From Bitcoin to Decentralized Consensus Technology
We are in year 11 after Satoshi Nakamoto published the Bitcoin white paper and, thereby, gave birth to two important innovations: Cryptocurrencies and Decentralized Consensus Technology¹. Here’s a brief recap that highlights some key developments that unfolded in the turbulent decade since:
The small, initial group of early Bitcoin enthusiasts grew and became the crypto…
