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  • 📃Whitepaper
    • Whitepaper
      • 1️⃣1⃣ Background
        • 1.1 Background
        • 1.2 Introduction
      • 2️⃣2⃣ Architecture
        • 2.1 Message Propagation Protocol
        • 2.2 Message Formatting Overview
        • 2.3 APIS Core Contracts
        • 2.4 Governance Contract (GC)
        • 2.5 Dispute Resolution Contract (DRC) Factory
        • 2.6 Optimistic Rollup Contract
      • 3️⃣3⃣ Applications
        • 3.1IDs
        • 3.2 API Token
        • 3.3 Token Distribution, Community Ownership
      • 4️⃣4⃣ Discussion
      • 5️⃣5⃣ Appendix
        • 5.1 REST History and Analysis
        • 5.2 REST APIs in Practice
        • 5.3 Strengths and Weaknesses of REST
        • 5.4 GraphQL History and Analysis
        • 5.5 GraphQL as a ‘Fetching Tree’
        • 5.6 Anatomy of a GraphQL Request
        • 5.7Note on GraphQL Resolvers:
        • 5.8 Direct Comparison
        • 5.9 Weaknesses of GraphQL
      • 6️⃣6⃣ Bibliography
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Hello, Web3!

NextAbout The APIS

Last updated 3 years ago

Question: "Could you explain Web3 to a 5-year-old?"

The answer:

Web1 -> Web2 -> Web3 = Read-Only -> Read-Write -> Read-Write-Own

by @ a16z

Just as the internet enabled frictionless information transfer, public blockchain technology enables frictionless value transfer. The addition of frictionless value transfer protocols to the internet has changed the internet forever. This new internet is often referred to as Web3.

Web3 enables value to flow proportionately to those who create it. This includes the early adopters of new products and platforms, as many of the Web's most popular products have network effects. Because blockchain data is public, users and contributors to companies and products can verify their accrued value (i.e. token holding) at almost 0 cost (because of data platforms like The APIS).

Web3 is the next iteration of the internet, one where consumers and creators own the products, platforms, and protocols on top of which they produce value--from digital JPEGs, to transparent financial markets, to innovative patents and intellectual property.

☺️
Chris Dixon