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The Web3 Stack - Multicoin Capital

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Get the best insights in crypto delivered directly to your inbox. Subscribe to our newsletter below. I have yet to see an actual illustration of the Web3 stack. So this is an attempt. Given how expansive the Web3 ecosystem is, this diagram is almost certainly incomplete, and likely has a few inaccuracies. For the remainder of this post, I’ll highlight some of the most interesting observations that I drew from this diagram. The Core Stack What does the core development stack actually need to provide for dapp developers? It must provide a single canonical ledger of ordered, valid transactions. The P2P, consensus, and state transition machine layers collectively provide these functions. Both Ethereum and Bitcoin today perform only those functions, though the core Ethereum protocol will eventually expand to include sharding. Relative to the number of teams building the optional components that are on the right side of the diagram, there are a small number of teams building out the componen

writing The Web3 Stack by Kyle Samani July 10, 2018 | 10 Minute Read I have yet to see an actual illustration of the Web3 stack. So this is an attempt. Given how expansive the Web3 ecosystem is, this diagram is almost certainly incomplete, and likely has a few inaccuracies. For the remainder of this post, I’ll highlight some of the most interesting observations that I drew from this diagram. The Core Stack What does the core development stack actually need to provide for dapp developers? It must provide a single canonical ledger of ordered, valid transactions. The P2P, consensus, and state tra

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