Recent years have introduced profound evolutions in web technologies. Most significantly are new differentiations in blockchain technologies –namely, smart contracts, decentralized applications, and decentralized autonomous organizations.
Smart Contracts. Already in the early 1990s cryptographer and legal scholar Nick Szabo observed that combining digital protocols with user interfaces facilitated the creation of decentralized systems of contracts to hold, move, or divide-up any number of different classes of assets according to any rules pre-agreed to by its participants. The problem, of course, was that no web technology actually then yet existed which were capable of addressing the complex of issues (e.g. the infamous “double-spending problem“, etc.) any attempts to implement an absolutely rhizomatic economy would convoke.
Enter the Blockchain. Then in 2009 Satoshi Nakamoto introduced the first fully-decentralized digital currency, known as the bitcoin, which enables peer-to-peer transactions wherever there’s internet access. Until recently, media…
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