There have been 3 major revolutions in the world of Web3. The first was Bitcoin, and it’s invention of Nakamoto Consensus. By being able to solve the Byzantine Generals Problem (multiple parties coming to a consensus state without using a centralized authority), Bitcoin made decentralized transacting possible for the first time. Bitcoin was launched in 2009. The second was the formulation of Ethereum smart contracts. Being able to program money for more functions than “send” and “receive” ope...

There have been 3 major revolutions in the world of Web3. The first was Bitcoin, and it’s invention of Nakamoto Consensus. By being able to solve the Byzantine Generals Problem (multiple parties coming to a consensus state without using a centralized authority), Bitcoin made decentralized transacting possible for the first time. Bitcoin was launched in 2009. The second was the formulation of Ethereum smart contracts. Being able to program money for more functions than “send” and “receive” ope...