Special thanks to Awa Sun Yin. for feedback on this piece. All potential misunderstandings are mine. Any seasoned crypto user has experienced a moment when it “clicked”, mostly by using different apps with the same wallet. This type of intuition helps to understand the potential of a permissionless and open distributed ledger. Though, it can make us biased toward the idea of transactions as the main way to interact with a blockchain’s state. This is what we call transaction-based flow, which ...