A novel, state-of-the-art Interchain Capital Efficiency & Liquidity utilization protocol.
A novel, state-of-the-art Interchain Capital Efficiency & Liquidity utilization protocol.
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The nature of crypto protocols opens radically expansive new models to create invaluable public infrastructure. This view is so distinct that I think it warrants new language.
In this article, I outline the concept of Hyperstructures: what they are, how they work, and why they will be the basis of the internet for the next decades.
collect://
Hyperstructure;
** Crypto protocol can run for free and forever without maintenance, interruption, or intermediaries.**
Blockchains have led to the emergence of a new type of infrastructure called “Hyperstructures.”
Hyperstructures take the form of protocols that run on blockchains. Something can be considered a hyperstructure if it is:
· Unstoppable: the protocol cannot be stopped by anyone. It runs for as long as the underlying blockchain exists.
· Free: there is a 0% protocol-wide fee, which runs precisely at only gas costs.
· Valuable: accrues value that is obtainable and exitable by the owners.
· Expansive: there are built-in incentives for participants in the protocol.
· Permissionless: universally accessible and censorship-resistant. Builders and users cannot be de-platformed.
· Positive sum: it creates a win-win environment for participants to utilize the same infrastructure.
· Credibly neutral: the protocol is user-agnostic.
***· liqudefi will use the full potential of this power.
It is worth noting that just because an application is protocol-based does not immediately mean it is a Hyperstructure. For example, the Wyvern protocol (amongst others) used by Opensea cannot operate without off-chain orders being maintained in a private, driven database. Thus, if Opensea or any other platform built on it goes down, everything goes down.
This is also true of a platform like Coinbase; it facilitates the exchange of cryptocurrencies, but if it goes down, their market goes down too. A more nuanced example: if you see an utterly-chain protocol with the ability for admins to upgrade and completely change the rules of a protocol, then that is not a Hyperstructure; that is also the platform. This isn’t to say any of these examples are inherently wrong; they’re just not Hyperstructures.
Hyperstructures are entirely on-chain and are public goods that create a positive-sum ecosystem for any participants. I’ll detail each of the primary characteristics of a Hyperstructure below.
I minted an NFT and split it into four random wallets. All the revenue made by the sale of this NFT will be shared among these four wallets “FOREVER.”
Foundation doesn’t let users split more than four users. Because Ethereum network fees are going higher for the more significant numbers. But thanks to the 0xSplits team, they solved these issues with top-notch elegance in their codes.
Traditional infrastructure like power grids and social media platforms require a trusted intermediary to maintain and over; unfortunately, without it, the infrastructure will degrade and stop working altogether. These operators are privately owned or state-controlled organizations that require profits, labor, and subsidies to serve their purpose over time.
subscribe://
By nature of running on a blockchain, Hyperstructures can run forever with no ability to stop them. They can continuously function without a maintainer or operator and run for as long as the underlying blockchain runs — which can be at least a decade. Hyperstructures are unstoppable, and this is a superpower that we have no excellent prior example of perfect.
You can have a one-time creation cost, and then once deployed, it will run exactly as designed and without degradation. There is no additional labor or capital required to sustain the Hyperstructure. If the core team or platform built on top of the Hyperstructure were to disappear, it would still run precisely as designed and be fully operational for decades. Unstoppability is a net new capability possible because of blockchains and is a capability that changes the economic nature of infrastructure.
If we were to zoom out one level of abstraction, we could call the blockchain the trusted, trustless (yes, you read that right) operator of the Hyperstructure.
**That is enough for this article.
**The rest will be in the next episode. From now on, we are putting a stable reasonable fee for Sybil prevention for all the quality content to reach out to everyone before we build our platform.
The lucky person buying the NFT will take a private sale allocation granted. And he will make four people happy to see how the splitting contract works and how amazing things we will shape all together shortly!
Keep yourself up, don’t forget to share this entry from Twitter or medium, and invite your friends to our discord channel.
subscribe://
The nature of crypto protocols opens radically expansive new models to create invaluable public infrastructure. This view is so distinct that I think it warrants new language.
In this article, I outline the concept of Hyperstructures: what they are, how they work, and why they will be the basis of the internet for the next decades.
collect://
Hyperstructure;
** Crypto protocol can run for free and forever without maintenance, interruption, or intermediaries.**
Blockchains have led to the emergence of a new type of infrastructure called “Hyperstructures.”
Hyperstructures take the form of protocols that run on blockchains. Something can be considered a hyperstructure if it is:
· Unstoppable: the protocol cannot be stopped by anyone. It runs for as long as the underlying blockchain exists.
· Free: there is a 0% protocol-wide fee, which runs precisely at only gas costs.
· Valuable: accrues value that is obtainable and exitable by the owners.
· Expansive: there are built-in incentives for participants in the protocol.
· Permissionless: universally accessible and censorship-resistant. Builders and users cannot be de-platformed.
· Positive sum: it creates a win-win environment for participants to utilize the same infrastructure.
· Credibly neutral: the protocol is user-agnostic.
***· liqudefi will use the full potential of this power.
It is worth noting that just because an application is protocol-based does not immediately mean it is a Hyperstructure. For example, the Wyvern protocol (amongst others) used by Opensea cannot operate without off-chain orders being maintained in a private, driven database. Thus, if Opensea or any other platform built on it goes down, everything goes down.
This is also true of a platform like Coinbase; it facilitates the exchange of cryptocurrencies, but if it goes down, their market goes down too. A more nuanced example: if you see an utterly-chain protocol with the ability for admins to upgrade and completely change the rules of a protocol, then that is not a Hyperstructure; that is also the platform. This isn’t to say any of these examples are inherently wrong; they’re just not Hyperstructures.
Hyperstructures are entirely on-chain and are public goods that create a positive-sum ecosystem for any participants. I’ll detail each of the primary characteristics of a Hyperstructure below.
I minted an NFT and split it into four random wallets. All the revenue made by the sale of this NFT will be shared among these four wallets “FOREVER.”
Foundation doesn’t let users split more than four users. Because Ethereum network fees are going higher for the more significant numbers. But thanks to the 0xSplits team, they solved these issues with top-notch elegance in their codes.
Traditional infrastructure like power grids and social media platforms require a trusted intermediary to maintain and over; unfortunately, without it, the infrastructure will degrade and stop working altogether. These operators are privately owned or state-controlled organizations that require profits, labor, and subsidies to serve their purpose over time.
subscribe://
By nature of running on a blockchain, Hyperstructures can run forever with no ability to stop them. They can continuously function without a maintainer or operator and run for as long as the underlying blockchain runs — which can be at least a decade. Hyperstructures are unstoppable, and this is a superpower that we have no excellent prior example of perfect.
You can have a one-time creation cost, and then once deployed, it will run exactly as designed and without degradation. There is no additional labor or capital required to sustain the Hyperstructure. If the core team or platform built on top of the Hyperstructure were to disappear, it would still run precisely as designed and be fully operational for decades. Unstoppability is a net new capability possible because of blockchains and is a capability that changes the economic nature of infrastructure.
If we were to zoom out one level of abstraction, we could call the blockchain the trusted, trustless (yes, you read that right) operator of the Hyperstructure.
**That is enough for this article.
**The rest will be in the next episode. From now on, we are putting a stable reasonable fee for Sybil prevention for all the quality content to reach out to everyone before we build our platform.
The lucky person buying the NFT will take a private sale allocation granted. And he will make four people happy to see how the splitting contract works and how amazing things we will shape all together shortly!
Keep yourself up, don’t forget to share this entry from Twitter or medium, and invite your friends to our discord channel.
subscribe://
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