How does the blockchain drive the decentralized network and count those blockchain projects that fit into Web 3.0?

The author of this article, from the perspective of exploring Web 3.0, summarizes the characteristics of Web 1.0 and Web 2.0, and summarizes the necessity and specific features of Web 3.0. This led to the role that blockchain can play in helping Web 3.0. It believes that the blockchain improvement network mainly relies on decentralization (dapp). To this end, the author also lists some public chain projects that meet its criteria. It should be noted that in the author's list, it mainly judges the project's expandability, interoperability and future vision, but ignores the factors such as currency price, team and technological progress of some projects.
With the advent of cryptocurrencies and blockchains, we live at a critical moment in the history of technology, which means that the Internet business will be redesigned according to the development rules set 10 years ago.

The accelerated use of decentralized technology means that people are paying more attention to user and data privacy, which is very different from what we know today's networks. (Like a monopoly of centralized monetization giants such as Facebook, Amazon and Google.)

The blockchain has undoubtedly stopped the practice of data set, which allows devices to connect to a decentralized network without relying on servers controlled by a single entity.

From Web1.0 to Web3.0

 

Web 1.0, invented by Tim Berners-Lee 20 years ago, is basically a static Internet. There aren't many applications with very little interaction, only mail servers and regular chat rooms.

Then, with the advent of interactive interfaces and content, we have the ability to tag, share, and stream media (Web 2.0) that we know today, but with a focus on the business model of large monopolies we know today. The results are clear, and allegations of private data manipulation, content disclosure, and online theft capabilities were unthinkable at the end of the last century.

Now, with the advent of the web's semantic methods and blockchain technology, this experience goes a step further. It focuses on people's aspects, prefers to protect privacy, and opposes large traditional organizations to infringe ordinary user information for their own benefit (web 3.0 ).

The ability of blockchain technology to encrypt any information on the Internet before it is released, as well as distributed servers that are not controlled by individuals or organizations, plus the ability to monetize new economic models by tokenization, Anyone who has experienced the transformations that the web has undergone since its creation has been completely exciting.

Blockchain technology can provide a lot of things for the current decentralization approach to Web 3.0. In general, in the areas of data storage, finance and insurance, gaming, social networking, streaming media, switching services, and teleworking in cloud or big data, blockchain technology can be used for these high-volume applications through a decentralized Internet. The program brings changes.

Although the decentralized network has not yet fully developed, it will take several years to reach this level, but the fact is that today's blockchain platforms are moving toward this concept with the support of distributed applications (dApps) to take advantage of this new The benefits of the concept. This may not be noticed by the average user, but for traditional companies, this is a challenge.

Given the expected demand for such developments, there is fierce competition in the blockchain world to embrace specific market segments by enabling technologies that can develop, host and interoperate dApps on a decentralized Internet.

Decentralized network features

There are some key features that show that the Internet can be truly decentralized, and it is different from its interactive predecessors and classic HTML templates.

Semantic Web

The decentralized network proposes the theme of the Semantic Web, which is merely a way to understand web content as human behavior. It is intrinsically linked to automated learning and artificial intelligence. Computers are basically expected to understand the data and understand their behavior.

2. User-centric

The design of the new Internet application is more user-centric. They will focus on being the best P2P network where knowledge will not be controlled by any entity and all data will be distributed between devices.

3. Focus on privacy

Contrary to our web 2.0 today, the new Internet has revolutionized the controversial issue of privacy, and users have seen dizzying figures such as Google and Facebook. Applications will focus on decentralized services that will focus on privacy and security rather than monopolization and control.

4. The data is in the hands of the user

Ownership of data is another key difference driving the development of such modern Webs, and it is undoubtedly the main difference in the adoption of this technology. Through the decentralized web, end users will have full ownership of their data, which will be fully encrypted and transmitted over the network. Large companies such as Amazon, Google, and Facebook must now try to convince users to use their data for advertising purposes.

5. Interoperability and universality

One of the hallmarks of the new decentralized website is undoubtedly interoperability. With a decentralized network, applications will be easier to work on different devices and platforms, such as smartphones, smart cities, smart roads, and television. Developers will greatly benefit from this interoperability as it will greatly facilitate their work. There is no need to use a specific device to access information, and any dApp can basically run on any platform.

Blockchain and Web3.0

How do the current blockchains need to integrate improvements and improve the network?

It's very simple, just consider one thing: a decentralized application or dApps. Unlike applications, new developments on blockchain platforms do not rely on a single central entity and are not controlled by anything or anyone. Instead, a distributed consensus makes their operations possible, thus making them Service is possible.

Think about it, you can audit the medical records of any remotely treated doctor without having to worry about needing permission to access it.

Moreover, distributed systems are less prone to service interruptions, and the new decentralized web can basically run on any dApp hosted in a specific blockchain that the developer decided to write. In addition, the idea behind the new decentralized web is to grant the blockchain the power of no central authority, allowing anyone to join the blockchain and participate by simply creating an address.

Developers will eventually be able to deliver distributed applications and take into account different devices to run them smoothly according to a simple rule (secure, distributed, and scalable).

Blockchain for decentralized networks

As we have seen, the success of the blockchain platform on the new website will depend on the key features required to allow these new technologies to pass through distributed applications, with greater scalability, security and dispersion. These characteristics will not affect the above points.

The new Web should have decentralized applications that should not be blocked due to the lack of scalability of the blockchain. Just like the famous "encrypted cat" event, or more seriously, the security of these applications has been compromised, such as some dApps that have recently been run on EOS.

A decentralized network must be able to give users an experience similar to today's Internet users without having to worry about their data, content filtering, or even worry about their navigation speed. To do this, the blockchain must be able to make the distributed application efficient enough that ordinary users are more likely to accept the new version.

Interoperability, speed and security will be key to attracting a dispersed application market and therefore have a place in a dispersed network.

Ethereum (ETH)

There is no doubt that Ethereum is the mother of decentralized applications, and although many people accuse the platform of not being sufficiently scalable to meet demand, it is clear that the number of dapps on ETH is the highest.

Not only that, but the concept of introducing smart contracts and digital applications in the post-bitcoin era has enough weight in the development of new Internet applications and can be considered as one of the platforms to consider at any time.

In addition, Vitalik has announced that its scalability improvements will be released to the public soon. It is therefore foreseeable that some typical problems, such as the cost of gas and the speed of TPS, will be solved without difficulty. For these reasons and its interoperability, Ethereum provides an honorable place for any distributed application developer who wants to appear on the new network.

It seems that this is not enough, the protocol lab is committed to building a decentralized Web that runs in parallel with the TCP/IP stack. This will make the transition from the existing web to web 3.0 very smooth, and most people don't need to make major changes when using web 3.0.

Polkadot

Customized decentralized blockchain, Polkadot is a multi-string framework that supports interoperability security and high performance between chains. Its main goal is to transform the existing Internet structure into what they call Web3, a completely decentralized network.

Polkadot used the GRANDPA mechanism, a primitive consensus mechanism to achieve its goals, and it was released in the third quarter of 2019. Polkadot ensures greater scalability and meets the important functions of all blockchains when it is possible to separate consensus and state transitions.

Through this separation, Polkadot's goal is to enable developers to use Parachains, a parallelizable blockchain that launches distributed applications in a separate and customizable architecture.

ICON

ICON aims to be a decentralized ecosystem that connects all blockchains. The main purpose of ICON is to enable tokens of different strings to communicate with one another via the ICON network. With ICON, developers will be able to create distributed applications that will be able to interact with ICON's community network.

It uses the so-called Chain Fault Tolerance (LFT), which is a continuation of the BFT23 algorithm used by NEO. The Korean platform, composed of experts in artificial intelligence, design and security, aims to act as a blockchain Internet and implement IA to achieve complete security.

The highlight of ICON is that it intends to be the first blockchain platform to try to create an ecosystem that allows government agencies, universities, hospitals, securities, banks and any private company to not charge transaction fees or delay the transaction process. Interact with the case of a three-way network. By eliminating middlemen, you can perfectly adapt to a country like South Korea, which has a heavily invested Internet structure and promotes the development of smart cities.

Filecoin

Data storage will be the foundation of this new phase of the Web. The basic idea behind decentralized storage is to share files and data through blockchain connections between peers and completely decentralize storage, breaking the current cloud service model of Amazon, Microsoft, and Google.

From a decentralized point of view, the ability to encrypt files, segment files, and host files is already the reason for previous storage examples in Storj and Sia. But now, Filecoin proposes a dual approach and uses two types of network nodes, which shows that decentralized web storage is truly competitive and economically viable.

The Lab Protocol project allows users to rent storage space on available devices using the network's local cryptocurrency and allows for consensus through its Space Time Test (PoST), which allows any network member to verify that the storage provider is fulfilling its responsibilities: Store outsourced data in time.

The fundamental difference from the previous Sia and Storj is that Filecoin is based on IPFS, which acts as an incentive layer for people to get paid for their own storage instead of participating in existing voluntary storage systems.

The project covers an essential part of the newly proposed website market, such as decentralized storage.

Basic Attention Token (BAT)

Developed by JavaScript creators Brendan Eich and co-founders of Mozilla and Firefox, this product enhances the efficiency of digital advertising by creating tokens that can be exchanged between publishers. The token can be exchanged between publishers, advertisers, and users, revolutionizing the form of advertising, one of the traditional Web 2.0 pillars.

The ultimate goal of this project is to present the Brave browser as the first decentralized web browser, which has the advantage of privacy and does not allow the use of personal data to exchange BAT tokens without the user's consent.

Brave's search engine is a third-generation web browser based on P2P exchange, so any user can join, share and reload their apps, and you can make money through their use and browsing if you want to be on the internet Private browsing, Brave can also effectively protect user privacy. This is very different from traditional search engines.

Undoubtedly, for a decentralized web, using a similar browser is the foundation. The team behind BAT has already understood this, so its final product, Brave's browser is undoubtedly a network using the new network. milestone.

FLETA

According to the results of its main network launched in July 2019, the Korean platform has the most scalable network for developing distributed applications.

Through sharding sharding technology (a simplified algorithm for block production) and the anti-fork system, FLETA claims to be able to provide up to 15,000 transactions per second in practice, which is the actual level of other platforms so far (not paper) On the surface).

In addition, the Korean platform has established an important alliance with the government to test its capabilities in the medical record field through highly distributed and scalable systems.

In addition, the platform focuses on development in the gaming arena, hiring key industry leaders to help you enter the most profitable technology blockchain and decentralized network segments, just like online gaming. This multi-million dollar industry has maintained double-digit growth over the next few years.

It seems that this is not enough. FLETA also claims that it has the ability to solve specific problems such as the gas fee for decentralized applications running in Ethereum through chain interoperability to accommodate different development cases that may exist in the market for dApps.

MATIC

This is a second-tier solution platform on Ethereum, due to its successful business model: developing a dapp for the game, which has gained tremendous development and attention in recent months.

Much like Fletcher and Harmony, the third-generation blockchain platform focuses on decentralized application domains, and similar technologies, Matic intends to try to capture this billion-dollar revenue in the next five years. New market.

Similarly, Matic uses fragmentation under the PoS protocol, proposing to extend Ethernet transactions through a separate sidechain network.

In the system principle similar to the LN payment channel but without the need for an open channel, Matic's goal is to be able to perform faster, fully scalable operations without the restrictions on the total amount of operations blocked by funds.

This year, Matic joined the ranks of the mainstream platform, trying to compete with EOS in the game field. It occupies a broad dominant position in users and daily transactions, but these new third-generation blockchains have a number of security flaws that are likely to become the default choice for distributed web search engines due to their technical improvements.

Author: DJ

This article Source: https://medium.com/@Daniejjimenez

Compile: Sharing Finance Neo