A note from Daniel

• Users own what they value: Well-designed blockchain networks interoperate with standard systems that guarantee that users own the things they care about. For example, many blockchain networks interoperate with the Ethereum Name Service (ENS), a popular naming system on the Ethereum blockchain. That means I can use my ENS name (cdixon.eth) across many different networks, and if the networks change the rules or raise the take rates, I can easily switch to a new network without losing my name or network connections. Lower switching costs mean reduced pricing power for networks, thus lower take rates.

Daniel Read Write Own, page 119 · March 6, 2024 Save to shelf
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