“Cryptocurrency Protocols Are Like Onions… One common
design philosophy among many cryptocurrency 2.0 protocols
is the idea that, just like the internet, cryptocurrency design
would work best if protocols split off into different layers.
Under this strain of thought, Bitcoin is to be thought of as a
sort of TCP/IP of the cryptocurrency ecosystem, and other
next-generation protocols can be built on top of Bitcoin
much like we have SMTP for email, HTTP for webpages
and XMPP for chat all on top of TCP as a common underlying
data layer.”
– Vitalik Buterin
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