Do you know who has the most important ideas for understanding cryptocurrency? Yes, the Joel Monegro — Fat Protocol Thesis

The proposal was distributed in the year 2014 and the proposition expresses that the gathered to the (application) layer: organizations like Facebook, Google, and Amazon.

Up until this point, the mutual conventions like SMTP, TCP/IP, and HTTP have given a colossal measure of significant worth as they didn’t have any way catching that esteem.

This could be more like that- if the creators of SMTP, the email, delivery protocols, were wealthier than Google’s founders.

How can it be Fat?

Reasons that advocate it to be right.

First Reason is that the data is kept in a blockchain stack, which is a distributed database that everyone can hold a copy of.

As we measure them to their web counterparts, it has a higher level of awareness.

The third and final reason to believe that protocols would be fat is that there is a greater incentive for the entrepreneurs to build these protocols as they are able to create tokens, that can let them capture some of the value with the increase in the usage of the protocol.

How and Why the cryptocurrency protocols be thin?