Article: Is it the manifestation of Web 3.0?

Decentralized Internet, Digital Content, Web 3.0

Is it the manifestation of Web 3.0?

People need, want, and hunger for new experiences. It is useless to deny that irritation is beginning to set in among social media users, who are witnessing the continuing contraction of freedom of expression online, turning them into refugees from Facebook, Twitter, and the like.

Metaverses are becoming the havens of those disenchanted users. It is indicative that so many companies are dedicated to creating blockchain-based metaverses, since they go where the money is.

Blockchain technologies may play an important role in the transition to Web 3.0 in the near future and act as a starting point for its rise. Perhaps the metaverses that are being developed today will become the social networks of tomorrow.

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Article: Will you be on the side of Web 3.0? Lina Khan as US FTC Chairman

Decentralized Internet, Web 3.0

Will you be on the side of Web 3.0? Lina Khan as US FTC Chairman

The Biden administration nominated Lina Khan as chairman of the Federal Trade Commission (FTC) on the 15th. Kahn is a professor at Columbia Law School and is 32 years old. It will be the youngest in history as the top of FTC. Kahn is known for being critical of the monopoly of big tech such as Amazon.

Blockchain proponents tend to reflexively resist regulation and regulators, but given Khan’s concerns about monopoly by large corporations, he supports blockchain on major privacy issues. It can also be on your side.

In addition, Kahn’s anti-monopoly stance could create significant market opportunities for new types of tech companies, including those developing decentralized systems and “Web 3.0.”

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Article: The Lessons of Web 2.0 Teach Us How to Prepare for What Comes Next

Civil Society, Decentralized Internet, Web 3.0

The Lessons of Web 2.0 Teach Us How to Prepare for What Comes Next

While these are problems, they are problems born of the Web 2.0 model. Web 3.0 offers a different proposition – one where revenue models need to be aligned to the incentives of the ecosystem participants. If Web 3.0 is the future of the internet, then we should be preparing for a scenario where broken models aren’t built into the architecture of the ecosystem. Furthermore, decentralization and data sovereignty offer the potential to completely rethink revenue models.

Therefore, the focus is now on launching a solution that’s fit for Web 3.0 – a trustless referral network for the tokenized economy. Many aspects of online marketing are set to change significantly. In the Web 3.0 environment, there are to be no centralized points of control, which means no dependence on intermediaries. A trustless referral network will allow any referral to be rewarded through the use of a decentralized validator network that confirms all successful sales.

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Article: What is a distributed VPN that enhances security and communication speed when using the Internet?

Data, Decentralized Internet, Open Source, Web 3.0

What is a distributed VPN that enhances security and communication speed when using the Internet?

The structure of a centralized VPN server has a fundamental weakness. Even the most reputable and reliable centralized VPN providers may not be vulnerable to hacking, information exploitation, government interference, etc. and provide bandwidth in an optimal and dynamic way. There is sex.

Decentralized VPNs, by their very nature, solve some of these problems. A distributed VPN does not rely on static connections and uses dynamic connections, a flexible and distributed network with independently operated servers.

As a result, distributed VPNs have a wide range of trusted, high-quality providers available. In this way, through the use of a large number of secure servers, a decentralized VPN can operate more efficiently and securely than a centralized VPN.

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Article: Is a new decentralized internet, or Web 3.0, possible?

Cloud, Data, Decentralized Internet, Open Source, Web 3.0

Is a new decentralized internet, or Web 3.0, possible?

The next level may be an actual merger of the existing internet protocol (TCP/IP) with blockchain technology . The result would be an internet capable of carrying not only packets of data but also services in a decentralized manner. This “merger” would foster a more open, resilient and plural internet that is capable of natively offering essential services such as information search, decentralized domain name management, digital identity, electronic messaging, data storage, computing power (artificial intelligence), confidentiality, traceability and electronic signature.

These services have become universal resources of the internet and, as such, should be natively provided by the network and managed as commons.

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Article: The centralised nature of our internet makes outages like Fastly’s inevitable

Cloud, Data, Decentralized Internet

The centralised nature of our internet makes outages like Fastly’s inevitable

While Fastly’s outage is a wake up call for its customers, who will be doing back-of-the-envelope calculations to work out their losses during the downtime, there’s no obvious solution, warns Kevin Curran, Professor of Cyber Security at Ulster University and senior member of technical professional organisation IEEE.

While Sir Tim is busy dedicating his time to building a newly-decentralised version of the internet via his web platform Solid, until the public grasps how important that data is and mounts a full backlash against the ways in which tech giants abuse it, the ways in which the internet operates is unlikely to change, Prof Curran adds. Hospitals and banks and airlines and power grids and other major infrastructure systems need to ensure they have sufficient extra security layers and protocols in place for when people make configuration changes and to crucially, to learn from their mistakes, he says. “At the end of the day, the five giants rule the internet. But the internet really can be brought down by one person making a mistake.”

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Article: Hybrid smart contracts will replace the legal system

Blockchain, Governance, Innovation

Hybrid smart contracts will replace the legal system

Unlike traditional contracts, smart contracts are executed by the blockchain, which means that no external court system is required to execute the contract. Without an expensive court system, contracts would be cheaper, so more peer-to-peer transactions can be managed by contracts rather than trust.

Contracts between companies located in different countries are often challenging because of the high cost of navigating in different court systems, and often the judicial system of one country has limited powers over companies in other countries. Hybrid smart contracts do not have this weakness; they cannot see nationality at all.

Enforcement of traditional contracts through the courts is not only costly, but also brings uncertainty to the results. The lawyer will always have the opportunity to discover some mysterious loopholes buried in the basement of the haunted house, making the contract completely invalid. Even if the contract is impeccable, the contracting parties rely on the continued goodwill of the government to ensure that the contract is executed.

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Article: Decentralized Metaverses: Is That What Web 3.0 Really Is?

Decentralized Internet, Digital Content, Media, Web 3.0

Decentralized Metaverses: Is That What Web 3.0 Really Is?

People need, crave, desire, and hunger for new experiences. It is pointless to deny that irritation is starting to set in among social network users, who are witnessing the continuous contraction of online freedom of speech, turning them into refugees from Facebook, Twitter, and their ilk.

Metaverses are turning into the embracing havens for such disenchanted users. It is indicative when so many companies are engaging in creating blockchain-based metaverses, for they go where the money is.

Blockchain technologies can indeed play a significant role in the transition to Web 3.0 in the near future and act as the starting point of its ascent. Perhaps, the metaverses under development today will become the social networks of tomorrow.

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Article: Personal Data Monetization, Decentralization and Transparency of Blockchain Help Create a True Ownership Economy

Blockchain, Decentralized Internet, Innovation

Personal Data Monetization, Decentralization and Transparency of Blockchain Help Create a True Ownership Economy

For example, consider logistics and supply chain operations. While blockchain technologies can streamline the way the supply chain functions, they can also lower transaction costs for small businesses. Within those businesses, blockchain can also be used for granular analytics, payments, permissioning, and more – all on the level of the individual.

In the same manner, with the right tools in place, private individuals can now take control of their personal data – the same data that has built multi billion-dollar empires such as Google, Facebook, Snapchat and more. While these centralized platforms have been instrumental in the advancement of fast, modern, low-cost applications for every imaginable use-case, they were built by leveraging vast amounts of private user data often without the direct consent of the user and certainly without the user’s control over the data that was collected and monetized by these centralized entities.

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Article: Examining The Problems Of Decentralized Web

Censorship, Decentralized Internet, Web 3.0

Examining The Problems Of Decentralized Web

Censorship resistant, security proof, and absence of middlemen might appeal to the tech-savvies, but that would not be enough. For Web 3.0 to completely replace Web 2.0, it is first necessary that people show keenness in operating these complicated systems directly without any middlemen involved. Therefore, it is mandatory to educate people about the benefits of a decentralized web before making any big move. The issues around speed will be addressed as and when the underlying technologies mature. Developers are still working on the decentralized web model, which means that the decentralized web model will only get better with time. The shift from Web 2.0 to Web 3.0 will be gradual rather than radical.