Protocol design: Why and how | Eddy Lazzarin

How can web3 builders design economically sustainable protocols that resist centralization? a16z crypto CTO Eddy Lazzarin shares mental models, best practices, and guidelines for designing decentralized protocols that last.
There are many different kinds of protocols out there. But we can unite them all, from traffic diagrams to email and SMTP, under one definition: They are all formal systems for interaction that facilitate complex group behaviors. When we introduce software to facilitate these interactions, internet protocols end up being one of the most important, most powerful categories at our disposal, and the foundation of web3.
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