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by hnbad 536 days ago
Web3 is more than that because some people genuinely thought the future was running actual code on the blockchain and using that as part of the backend. Of course that works reasonably well as long as your code is terse, straightforward, trustworthy, easy to read, bug-free and you have no performance requirements for execution speed or deployment speed.
2 comments

> thought the future was running actual code on the blockchain and using that as part of the backend

What did that code do besides process transactions and distribute tokens?

Almost nothing.

It’d be the payment gateway layer of any backend. Processing payments and returning proof of purchase.

So almost never?
That's the joke.