Article: The energy ecosystem should move to make the ‘energy internet’ a reality

Hardware, Innovation, Web 3.0

The energy ecosystem should move to make the ‘energy internet’ a reality

These are just a few of the myriad ways in which an open, any-to-any energy internet will promote innovation, stimulate competition and generate big wins. No one can predict exactly what those big wins will be, but there will surely be many, and they will accrue to the benefit of all.

That’s why even without a crystal ball, we should all commit ourselves to digitalization, decentralization, decarbonization, democratization and diversity. In so doing, we’ll build the energy internet together, and enable a fair, affordable and clean energy future.

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Article: Why real-time data is crucial for Web 3.0

Blockchain, Data, Decentralized Internet, Web 3.0

Why real-time data is crucial for Web 3.0

Right now, the blockchain space remains scattered. Blockchain and its applications are there, floating in this new space that will become the internet of the future, but they lack certain aspects that will connect them more thoroughly and turn them into Web 3.0. In its current stage, the blockchain sector is not unlike the internet of the ‘90s. It has some of the aspects it needs, such as security, decentralization, financialization features, and more.

However, it still lacks the main component — the real-time data — that will allow it to go big, similarly to how Web 2.0 (the modern-day internet) exploded. This issue is well-known, and there are some working towards solving it. One example is Streamr, which seems to be in the best position among these projects.

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Article: Regulation, Moderation, and Social Media Decentralization

Decentralized Internet, Media, Web 3.0

Regulation, Moderation, and Social Media Decentralization

Enter the Decentralized Social Media (DSM) model, a polycentric model of online interaction recently proposed on Medium by Ross Ulbricht, the currently imprisoned founder of Silk Road, an infamous illicit online marketplace that jump-started the popularity of Bitcoin in the early 2000s.

To oversimplify, Ulbricht’s DSM model would remove those automatic and manual moderation tools from under the hood of a social media’s servers and place those same processes in the device of the social media user under the control of separate companies that stand to profit from providing moderation and aggregation services at the discretion of the device owner. Users could access any or all of the web’s available social media content feeds at once and only be fed content within their own acceptable parameters while retaining ownership of their user data. All of this would be done through the operant function of Bitcoin, the encrypted blockchain.

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Article: A Beginner’s Guide to Decentralized Identity

Decentralized Internet, Web 3.0

A Beginner’s Guide to Decentralized Identity

Instead of a centralized issuer and storage, DID solutions spread out the issuance and storage of information that make up an identity across various entities.

This information could include a user’s height, weight, eye color, favorite Spotify playlists, and even social security number. Decentralized identity solutions are very comprehensive and sometimes offer incentives to attract new users, similar to how airline mile points can be earned for signing up for new credit cards.

Instead of storing your personal information on a single server, blockchain technology encrypts this data and spreads it across multiple nodes. Usually, this encryption comes in the form of a two-key password called a private and public key. The only way to access the personal information in question is by matching the two keys.

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Article: Why Business Leaders Should Prepare For The Shift To Decentralization

Decentralized Internet, Web 3.0

Why Business Leaders Should Prepare For The Shift To Decentralization

I’m still amazed when I look at my own company. Although the pandemic forced our decentralization, we have the kind of culture that allows our employees to learn and understand what they need to do and we trust them to make the right decision. They quickly built a new set of processes, and we continued to make steady progress.

Done well, decentralization is a much more resilient, reliable and scalable system than a centralized system. Whether it’s at a country, community, major corporation or small business level, decentralization is coming. Those that prepare for and embrace it will be the winners in this next decade.

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Article: How DEXs Fuel the Development of the Decentralized Internet

Blockchain, Decentralized Internet, Web 3.0

How DEXs Fuel the Development of the Decentralized Internet

The evolution of decentralized exchanges is linked to the advancement of the whole blockchain industry and greatly affects the development of the decentralized internet. DEXs fuel the whole ecosystem of DeFi services that are now starting to include more decentralized applications, decentralizes SaaS, facilitate tokenization of assets and adoption of the P2P model.

Despite all these advancements, we’re still in the early stage of Web3 development and adoption. Users still encounter many obstacles: it’s hard to interact with the protocols from a phone and the desktop versions require additional software like wallet extensions.

There are also problems of scalability, cost of operations, user experience and security. But this is common for newly emerging technologies and mechanisms, especially the ones that bring economic and financial value.

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Article: Decentralized Internet Is Of The People, By The People, For The People

Civil Society, Decentralized Internet, Web 3.0

Decentralized Internet Is Of The People, By The People, For The People

What is decentralization? I say decentralization is the future, and after reading this post, I am sure you will agree. Imagine a world where people have all the right to manage their will, free to say anything that they wish, a world where a central entity can’t control your behavior or set norms that are unfair and most often monopolistic. So to simply take away the power of central institutions and give that power back to the people who hold a stake in that institution can be termed decentralization. Wait but the internet is already decentralized, right? cause we have the right to express our views on many social media and how is that different from the decentralized media?. That is exactly what those multibillion-dollar companies want you to believe and trust me that is not true at all.

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Article: Decentralized Autonomous Organization – Core Concepts

Blockchain, Decentralized Internet, Web 3.0

Decentralized Autonomous Organization – Core Concepts

The concept of DAO (Decentralized Autonomous Organization) has been known since 2013, when the co-founder of EOS, Dan Larimer, first mentioned the term. Currently DAO has become one of the most innovative Blockchain-based concepts. The main philosophy of DAO is to create an organization without the centralized control.

Simply DAO is a smart contract, where all rules are written in the source code instead of the piece of paper. All decisions in DAO are made in a completely democratic manner by the vote of its shareholders according to the previously established rules. These rules are adopted by all participants, at the moment of DAO creation. In other words, DAO does not have top-down hierarchy, there is no centralized power.

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Article: Money Reimagined: NFTs Can Help Create a New Internet

Crypto, Decentralized Internet, Digital Content, Web 3.0

Money Reimagined: NFTs Can Help Create a New Internet

In establishing digital scarcity via one-of-a-kind tokens, and in holding out the promise of peer-to-peer digital media exchanges, NFTs hint at new approaches for media companies and brands to engage directly with their audiences without the intermediation of the platforms.

NFTs pose their own ownership issues. Many buyers are discovering they don’t really own the art or content to which they are attached.

And, as Khloe Kardashian’s bikini photo saga shows, it’s very hard to stop the replication of content, especially when it’s going viral. NFTs can’t physically stop or control the copying of digital content.

However, we can establish standards assuring that special rights to NFT-associated content are not controlled by a separate custodial platform but are assigned to the token owner and  cryptographically bundled with the token itself so they can be easily transferred to the buyer with each downstream sale.

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Article: What Will The Future Internet Look Like?

Decentralized Internet, Web 3.0

What Will The Future Internet Look Like?

When the Web 3.0 arrives it will be marked by many of the features already familiar to proponents of blockchain technology. With the Web 3.0  individuals and businesses will be able to trade assets and information with others whom they do not already know or trust without an intermediary. This will rapidly increase the opportunities for everyone to interact, creating a far richer set of experiences.

While the internet has always promised decentralization, the Web 3.0 will deliver it: a freer and more community driven world wide web.

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