protocols

What do you guys think about this break down of what a web3 protocol can be defined as?

Anything to add / suggestions?

Planning to use this in one of our internal onboarding sessions..

Others may have a different understanding, for me though "Web3" always meant "onchain". Some parts of a product always have to be onchain in order to be Web3. That may or may not involve a token.

Open for others is basically just open source. There is a lot open source that is not Web3. The terminology you may want to use is "permissionless". The stakeholder part sounds arbitrary to me. The network idea is interesting but there is arguably Web3 without networks.

I saw a definition for protocols like this: "a protocol is a set of rules that allow for emergent behaviour". Chris Dixon wrote the book "Read, Write, Own". The third dimension of our web is property rights, that is the ownership part. Maybe that is more relevant here.

I wrote about the question what crypto is in that sense in one of the past Powerlaw memos: "Blockchains tell us who owns what in a complicated world.".

Building community at @Intract. While experimenting with airdrops & how to do them right.

Others may have a different understanding, for me though "Web3" always meant "onchain". Some parts of a product always have to be onchain in order to be Web3. That may or may not involve a token.

Open for others is basically just open source. There is a lot open source that is not Web3. The terminology you may want to use is "permissionless". The stakeholder part sounds arbitrary to me. The network idea is interesting but there is arguably Web3 without networks.

I saw a definition for protocols like this: "a protocol is a set of rules that allow for emergent behaviour". Chris Dixon wrote the book "Read, Write, Own". The third dimension of our web is property rights, that is the ownership part. Maybe that is more relevant here.

I wrote about the question what crypto is in that sense in one of the past Powerlaw memos: "Blockchains tell us who owns what in a complicated world.".

https://powerlaw.systems/memo-w42-oct-2024