balajis pfp
balajis
@balajis.eth
There’s a useful intermediate between “open protocol” and “closed API”. That intermediate is “open source, open state, open execution, private keys”. That’s a smart contract where you *do* retain the admin keys, but all state and execution are on-chain. Different than typical API with opaque server.
8 replies
1 recast
1 reaction

jesse.base.eth 🔵 pfp
jesse.base.eth 🔵
@jessepollak
100% agreed. expect we will see many companies adopt this model because it will by default have interoperability with the onchain economy. likely 10x efficiency gains achievable through rebuilding existing tech systems onchain with same permissioning model.
0 reply
0 recast
0 reaction