Our last post ended with the question: Is everything going on-chain? An economy that is on-chain has the following differences compared to our current economies:ComposabilityTransparencyUncensorableReduced need for trusted third partiesLet’s go through each of these. Composability Smart-contract blockchains are the first global APIs. Anything that is on-chain follows the same standards that programmers can build on top of. Similarly, every app, wallet, and exchange that wants to interact with...

Our last post ended with the question: Is everything going on-chain? An economy that is on-chain has the following differences compared to our current economies:ComposabilityTransparencyUncensorableReduced need for trusted third partiesLet’s go through each of these. Composability Smart-contract blockchains are the first global APIs. Anything that is on-chain follows the same standards that programmers can build on top of. Similarly, every app, wallet, and exchange that wants to interact with...