The Future of Web3 Is Not Blockchain

on YouTube ↗17m

" summary

Argues that total ordering is the bottleneck and that payments, computations and asset transfers can settle as independent claims with proofs using a verifier/validator quorum; lays out a 7-step flow where verifiers check proofs, validators aggregate signatures into certificates, handle causal dependencies, then settle in parallel — no blocks, no chaining. Compares to FastPay and presents the new FastSet protocol, claims a live devnet launch and a mainnet plus a Wormhole-connected wallet for instant cross-chain liquidity.

AI-written summary · about

" chapters (24)

1. 0:00Introduction
2. 0:38Grigore Rosu Background
3. 1:18Questioning Blockchain Necessity in Web3
4. 2:35The Problem with Total Ordering
5. 3:33Blockchain Limitations for Web3 Applications
6. 4:01Introduction to FastPay Protocol
7. 4:38Generalizing FastPay Beyond Payments
8. 5:09Verifiability vs. Ordering
9. 5:58Innovations and Modularity in Blockchain
10. 7:08The Future Role of Blockchains
11. 7:53Applications Not Requiring Total Order
12. 8:28Web3 at an Inflection Point
13. 9:15Pi Squared’s Vision for Web3 Infrastructure
14. 9:42Unlocking Parallel Trustless Coordination
15. 10:22Programmable, Decentralized Claims
16. 10:57AI-Native, Massively Parallel Infrastructure
17. 11:46Introducing the FastSet Protocol
18. 12:13How FastSet Works: Claims and Proofs
19. 13:39Decentralized Validation and Settlement
20. 14:53Handling Causal Dependencies
21. 15:43Parallel, Blockless, Chainless Settlement
22. 16:10Devnet Launch and Mainnet Roadmap
23. 16:46Flagship Wallet and Cross-Chain Liquidity
24. 17:10Conclusion

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