I’ve been thinking about the blockchain trilemma, and how its elements can be related to different concepts to resemble a sort of trinity - a blockchain trinity.

Hear me out:

PoW or PoS, the soul of a blockchain lies in its consensus mechanism. If the allure of blockchains is the dream of peer-to-peer transactions without a middleman (among other benefits), then a chain without a consensus mechanism is not really a blockchain.

A blockchain without people and governance is empty - a machine without even a ghost. Furthermore, a consensus mechanism requires the engagement of validators, pools, stakes and stakers, miners, and the lively participation of a community to serve its purpose. The participants in a blockchain form the mind of the protocol; its purpose, potential, challenges and Code may be law, but People are life, and a chain with no community is lifeless.

The front-facing body of a chain is the token representing it; the cryptocurrency as well as what it can be used for particularly in the areas of DeFi and NFTs. The token price is perhaps the first impression made on those seeking to understand the workings of the chain - from its current market price to its mooning potential. And the token accounts for the cost of each block minted as well as the efforts of each person actively creating value on the chain.

What do you think?

Go ahead - define your blockchain trinity.

edition://0xd33082D917bC593273eDFe4B2F8A0D69a1b2C56E?editionId=0

I’ve been thinking about the blockchain trilemma, and how its elements can be related to different concepts to resemble a sort of trinity - a blockchain trinity.

Hear me out:

PoW or PoS, the soul of a blockchain lies in its consensus mechanism. If the allure of blockchains is the dream of peer-to-peer transactions without a middleman (among other benefits), then a chain without a consensus mechanism is not really a blockchain.

A blockchain without people and governance is empty - a machine without even a ghost. Furthermore, a consensus mechanism requires the engagement of validators, pools, stakes and stakers, miners, and the lively participation of a community to serve its purpose. The participants in a blockchain form the mind of the protocol; its purpose, potential, challenges and Code may be law, but People are life, and a chain with no community is lifeless.

The front-facing body of a chain is the token representing it; the cryptocurrency as well as what it can be used for particularly in the areas of DeFi and NFTs. The token price is perhaps the first impression made on those seeking to understand the workings of the chain - from its current market price to its mooning potential. And the token accounts for the cost of each block minted as well as the efforts of each person actively creating value on the chain.

What do you think?

Go ahead - define your blockchain trinity.

edition://0xd33082D917bC593273eDFe4B2F8A0D69a1b2C56E?editionId=0