Cryptocurrency innovation is drawing parallels to the historical evolution of the lightbulb, according to insights from Blockworks. The significant contribution of Thomas Edison was not merely the invention of the lightbulb but the establishment of a collaborative research and development system. Similarly, the crypto industry is fostering open, permissionless innovation through its composable infrastructure, allowing for exponential growth and development. This open networked approach is likened to the internet, where anyone can build upon existing frameworks, creating substantial value. The Breakdown newsletter highlights that cryptocurrency is becoming the foundational backbone of the digital economy, akin to the role of the electrical grid in the past.