The Promise and Evolution of Networks

The promise of blockchains lies in the delineation between protocol networks, corporate networks, and blockchain networks. These three eras correspond to the verbs read, write, and own, as outlined in the book. The history of protocol networks, characterized by decentralization and permissionless access, is contrasted with the centralized and gatekept nature of corporate networks. The evolution has shifted from the open and free internet of the 90s to the current landscape. The terminology of networks as protocols in the blockchain world might cause confusion, as discussed in the book.

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