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Exploring Social Tokens and Web 3 Functionalities in Cryptocurrencies
The chapter delves into the concept of social tokens as expressions of identity and brand affiliation, discussing ways creators can add value through real-world incentives. It also examines comparisons between Web 2 and Web 3 functionalities, highlighting the challenges and potential value of cryptocurrencies in the new internet design space. The discussion extends to the complexities of optimizing efficiency in bandwidth-constrained crypto systems and the importance of efficient programming in blockchain environments, contrasting Ethereum and Solana's transaction processing methods.