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Blockchains Do Work

While there are many different ways to think about what blockchains do — ranging from the hyper-technical to digital money — there is value to reverting to a utilitarian model and think of each blockchain as doing a specific type of work.

A blockchain helps in getting a “job done” using a decentralized network of participants aligned by transparent incentives. In an ideal state, can this network get the job done smarter, faster, cheaper, better than centralized options?

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Web3Anandan Jayaraman