@NewtonProtocol Watching Newton Made Me Think About What Crypto Is Missing
A few weeks ago I was going through Newton Protocol updates late at night. At first it seemed like another project trying to make crypto easier to use. There are projects like that. Every time crypto goes through a cycle a new project comes up promising to make things simpler.
The more I read the more I thought Newton was different. It wasn't about making crypto simpler.
What caught my attention was the idea of checking if a transaction is allowed before it happens. Most protocols care about if a transaction can happen. Newton cares about if it should happen. That is a question.newton.xyz is interesting.
The thing is this creates a trade off. Crypto was built to let anyone use it. Newton is adding rules checks and limits directly into transactions. That could help big institutions use crypto. It also raises questions, about who makes those rules and how much freedom users lose.newton.xyz
I keep thinking about where the balance's
Without rules big institutions often don't use crypto. With many rules crypto starts to look like the old systems it was meant to replace.
Newton seems to be testing that ground.
It feels like Newton is trying to find a balance.
#Newt @NewtonProtocol $NEWT
$LAB
$RE
A few weeks ago I was going through Newton Protocol updates late at night. At first it seemed like another project trying to make crypto easier to use. There are projects like that. Every time crypto goes through a cycle a new project comes up promising to make things simpler.
The more I read the more I thought Newton was different. It wasn't about making crypto simpler.
What caught my attention was the idea of checking if a transaction is allowed before it happens. Most protocols care about if a transaction can happen. Newton cares about if it should happen. That is a question.newton.xyz is interesting.
The thing is this creates a trade off. Crypto was built to let anyone use it. Newton is adding rules checks and limits directly into transactions. That could help big institutions use crypto. It also raises questions, about who makes those rules and how much freedom users lose.newton.xyz
I keep thinking about where the balance's
Without rules big institutions often don't use crypto. With many rules crypto starts to look like the old systems it was meant to replace.
Newton seems to be testing that ground.
It feels like Newton is trying to find a balance.
#Newt @NewtonProtocol $NEWT
$LAB
$RE