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The Future of Hybrid Centralized-Decentralized Apps

Early last week, it was reported that the messaging app Telegram is working on raising capital for an audacious blockchain-based ecosystem of services and a network token called TON.  Some skeptics have mockingly called this the largest $1.2 billion seed round in history. Others claim that it is a more aggressive version of Kik’s Kin offering this summer.

I see what Telegram is attempting to do as thematically a very important next step for the internet. We are nearing the end of the road for the current development cycle of the web and internet services. The future is going to be services and companies that are able to effectively leverage centralized and decentralized paradigms in combination.

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My belief is that in 10 to 15 years, most large companies will have a hybrid strategy of decentralizing the most critical components of what they do and centralizing where they need efficiency more than trust. But the path to that endpoint is going to be where all the value is created and lost. And likely just as many mistakes will be made over decentralizing as will be made by staying overly central for too long.

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Shaunak Khire, Jacob Weisz and 9 others commented on this article.
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The resource tax in running a secured decentralized service is the cost of security, not the cost of the transactions.