A blockchain like Ethereum1 provides a collectively owned programmable substrate, allowing us to build more decentralized “onchain” applications where the consumers have more agency over how things behave. Let’s break down “collectively owned programmable substrate”: Collectively Owned The Ethereum consensus is a communal mechanism which enforces certain rights for anyone who chooses to use it. Primarily, it is designed to enforce the right to deploy code that is guaranteed to be ex...
