CryptoUpdates #3 - Blockstack - Blockstack Summit 2017

Blockstack organised an event on Crypto this is the main points:

• Level 2 layers: layer 2 layers are the next big thing, Blockstack and The Lightning Network are a good example. The Lightning Network is a protocol that will let transactions happen off the blockchain so they can happen much faster. The blockchain then acts as an arbiter that will remove counterparty risk
• User experience: today's protocols and apps are not focusing enough on user experience. The killer feature will be the one that shows a good user experience
• Wet vs Dry code: Traditional law is "wet code" ( manual, local and uncertain), Blockchains are “dry code” (global, automated and relentless). Wet Code (AKA Lawyers) have very low predictive power because law is subject to whim. This isn’t universal: some law can be predictive, but in international law or with new tech, predictability of wet code/law is often quite low. Dry code can have harsh results in presence of unanticipated conditions. Blockchain programming is different from Web programming because if you mess it up then it can create an unstoppable chain of events. If you want to write smart contracts, you should study the history of contract law

For more pls see CryptoUpdates #2 - Coindesk - State of Blockchain Q2-2017