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What a decentralized internet will look like?
We are beginning to see signs of the emergence of a #decentralized internet. But, many people are still unaware of what this new internet will act like. No one knows for sure exactly how #web3’s development will eventually unfold, but the signs are clear as to what users will be able to do with it.
Throughout the 21st century, data has been at the forefront of discussion when discussing the legacy web 2.0 internet. Whereby, large private organizations have been harvesting massive amounts of data from the public and selling it to other organizations without compensating the owners at all.
In a web3 architecture, the keyword that’s buzzing around is ‘ownership’, and this ultimately means that users/individuals will have full control, I.e "ownership", over all their data and content. Let’s break this down into how exactly this will be done.
A new communications network, owned by the people
Digital messaging is an aspect that many cannot live without. Over the years many messaging applications have revealed privacy flaws that leave many user accounts vulnerable.
Currently, a centralized architecture usually stores and records all of an individual’s messages. How this works is, person A sends a message to person B. But that message doesn’t travel directly from person A to B. It instead travels from person A to the service provider, whether that be Facebook, Tencent, or other service providers, and then gets sent to person B. This information is stored on a centralized server that can access your history at any time.
What a decentralized communications network can do is, open a direct line between person A and person B, to allow direct messaging, completely removing the storage aspect of a service provider. Not only is the message completely private, but no one can see any information between the two parties.
Although web 2.0 is dominated by companies such as Amazon, Google, and Facebook, a web3 decentralized internet will not push the attention away from these organizations but instead creates an opportunity for them to work with a web3 architecture.
As data will still be an important aspect for these companies, there could be a hybrid model whereby these organizations pay individual users monthly for access to their data.
There are numerous obstacles that stand in the way of a decentralized internet, but one main concern will be access to the information we see today. This poses a challenge for #Dapp developers to create a system that enables similar information to be categorized and stored among numerous nodes within a decentralized network.
Currently, decentralized storage is slowly becoming more popular, but, blockchain projects have still yet to solve the access to content sharing and streaming model that we see in a web 2.0 network.
This is an aspect that many fans of the new internet must take into account. The internet is basically one huge library of information, and so, in order for a decentralized internet to offer similar information, there must be mass adoption of content creators all contributing similar content as they did on the web 2.0 to the web3.
Individual identification management systems on a web3 network
A people’s-owned internet can also break down the barriers of identity management systems. Something that big-name companies have been unable to achieve. Not through lack of trying, but the liability would be too great if they were to be hacked.
A decentralized internet can actually be used to enable an identity method that enables users to access any type of content, Dapps, and services without having to create numerous accounts to do so. Instead, have one account to access all.
This can be achieved, as a decentralized internet architecture will be used in parallel with blockchain technology that uses systematic consensus mechanisms that can authenticate a person’s identity without actually revealing any information about that person.
Although this system will have numerous issues when implemented on a government level, daily use of accessing the internet can be a viable solution that not only protects private information about an individual but also makes access smoother and more simple than what we see today.
The decentralized internet will not be an easy transition
The transition from a web 2.0-based internet infrastructure to a web3-based one will be accessed differently from what’s being used today. A decentralized internet will ultimately be shaped by numerous distributed nodes across the globe.
Accessing these nodes’ content will need touchpoints in the form of some type of portal. As many blockchain networks are designed to solve different issues, it will be hard for users to continually cross between different platforms to access the content they’re looking for.
This means companies need to create a cross-chain solution that will enable users to move seamlessly across different networks and access the services provided on those platforms. The next generation of the internet seems to be moving in the direction that will be comprised of numerous blockchains all connected together through a bridging protocol.
Although there are not many chains dedicated to acting as a foundational layer for web3. There are multiple chains attempting to build the underlying network that will support the entirety of the new internet.
As these chains have set out to solve specific problems, A network such as NetFlowCoin’s protocol can act as the communications layer that will enable users to interact with the web3 similar to how users currently interact with the web 2.0.
Through a bridging protocol, NetFlowCoin’s network could be integrated alongside other chains within the industry, generating the glue needed to combine and expand the new internet into what everyone is envisioning it to be.
In conclusion: Decentralization is the future, and no one can stop it
Although there is hype around the novelties that we are seeing today, in terms of #NFT (non-fungible tokens), virtual real estate, and #cryptocurrencies. The bigger picture is more than what is being spoken about on the surface.
We are part of a digital evolutionary stage that has unlocked a path for people to control what is seen, used, and shared online. The way in which we can communicate can be changed, and no longer be confined by the keyhole that so many companies are forcing us to only see through.
Governments, media, and conglomerates will now need to adapt and change their digital strategy to be a part of this people-first decentralized internet and give value instead of blockades for what is to come, and for what is deemed the future.
Throughout the 21st century, data has been at the forefront of discussion when discussing the legacy web 2.0 internet. Whereby, large private organizations have been harvesting massive amounts of data from the public and selling it to other organizations without compensating the owners at all.
In a web3 architecture, the keyword that’s buzzing around is ‘ownership’, and this ultimately means that users/individuals will have full control, I.e "ownership", over all their data and content. Let’s break this down into how exactly this will be done.
A new communications network, owned by the people
Digital messaging is an aspect that many cannot live without. Over the years many messaging applications have revealed privacy flaws that leave many user accounts vulnerable.
Currently, a centralized architecture usually stores and records all of an individual’s messages. How this works is, person A sends a message to person B. But that message doesn’t travel directly from person A to B. It instead travels from person A to the service provider, whether that be Facebook, Tencent, or other service providers, and then gets sent to person B. This information is stored on a centralized server that can access your history at any time.
What a decentralized communications network can do is, open a direct line between person A and person B, to allow direct messaging, completely removing the storage aspect of a service provider. Not only is the message completely private, but no one can see any information between the two parties.
Although web 2.0 is dominated by companies such as Amazon, Google, and Facebook, a web3 decentralized internet will not push the attention away from these organizations but instead creates an opportunity for them to work with a web3 architecture.
As data will still be an important aspect for these companies, there could be a hybrid model whereby these organizations pay individual users monthly for access to their data.
There are numerous obstacles that stand in the way of a decentralized internet, but one main concern will be access to the information we see today. This poses a challenge for #Dapp developers to create a system that enables similar information to be categorized and stored among numerous nodes within a decentralized network.
Currently, decentralized storage is slowly becoming more popular, but, blockchain projects have still yet to solve the access to content sharing and streaming model that we see in a web 2.0 network.
This is an aspect that many fans of the new internet must take into account. The internet is basically one huge library of information, and so, in order for a decentralized internet to offer similar information, there must be mass adoption of content creators all contributing similar content as they did on the web 2.0 to the web3.
Individual identification management systems on a web3 network
A people’s-owned internet can also break down the barriers of identity management systems. Something that big-name companies have been unable to achieve. Not through lack of trying, but the liability would be too great if they were to be hacked.
A decentralized internet can actually be used to enable an identity method that enables users to access any type of content, Dapps, and services without having to create numerous accounts to do so. Instead, have one account to access all.
This can be achieved, as a decentralized internet architecture will be used in parallel with blockchain technology that uses systematic consensus mechanisms that can authenticate a person’s identity without actually revealing any information about that person.
Although this system will have numerous issues when implemented on a government level, daily use of accessing the internet can be a viable solution that not only protects private information about an individual but also makes access smoother and more simple than what we see today.
The decentralized internet will not be an easy transition
The transition from a web 2.0-based internet infrastructure to a web3-based one will be accessed differently from what’s being used today. A decentralized internet will ultimately be shaped by numerous distributed nodes across the globe.
Accessing these nodes’ content will need touchpoints in the form of some type of portal. As many blockchain networks are designed to solve different issues, it will be hard for users to continually cross between different platforms to access the content they’re looking for.
This means companies need to create a cross-chain solution that will enable users to move seamlessly across different networks and access the services provided on those platforms. The next generation of the internet seems to be moving in the direction that will be comprised of numerous blockchains all connected together through a bridging protocol.
Although there are not many chains dedicated to acting as a foundational layer for web3. There are multiple chains attempting to build the underlying network that will support the entirety of the new internet.
As these chains have set out to solve specific problems, A network such as NetFlowCoin’s protocol can act as the communications layer that will enable users to interact with the web3 similar to how users currently interact with the web 2.0.
Through a bridging protocol, NetFlowCoin’s network could be integrated alongside other chains within the industry, generating the glue needed to combine and expand the new internet into what everyone is envisioning it to be.
In conclusion: Decentralization is the future, and no one can stop it
Although there is hype around the novelties that we are seeing today, in terms of #NFT (non-fungible tokens), virtual real estate, and #cryptocurrencies. The bigger picture is more than what is being spoken about on the surface.
We are part of a digital evolutionary stage that has unlocked a path for people to control what is seen, used, and shared online. The way in which we can communicate can be changed, and no longer be confined by the keyhole that so many companies are forcing us to only see through.
Governments, media, and conglomerates will now need to adapt and change their digital strategy to be a part of this people-first decentralized internet and give value instead of blockades for what is to come, and for what is deemed the future.
🥹🤣Solana (SOL) Is Just as Ethereum (ETH): Here's How
🫶Digital assets like Solana (SOL) and Ethereum (ETH) have evolved to become more than mere currencies; they are now platforms for decentralized applications. This evolution has blurred the lines between traditional means of exchange and digital assets. However, some people believe they can still be used as means of exchange.
😍Unlike regular money, cryptocurrencies possess traits such as programmability, interoperability and self-executing smart contracts. They are not just used for buying and selling goods but also for creating decentralized financial systems and other applications.
Comparing Ethereum and Solana, one must look beyond just the monetary value. Both networks provide a foundation for building decentralized applications (dApps), but they approach scalability and transaction speed differently. Ethereum's transition to PoS aims to address its scalability issues, whereas Solana has been marketed as a "high-performance blockchain," capable of handling many more transactions per second from the outset.
👀The SOLETH charts reflect Solana's poor performance against Ethereum, indicating a strong preference of Ethereum among investors, likely after the most recent outage on the Solana network. Ethereum's larger ecosystem and longer track record provide it with a more substantial market capitalization and a broader range of dApps
HIT TIPPED APPRISE YOUR GENEROSITY
#Dapp #Write2Earn #TrendigTopic
🫶Digital assets like Solana (SOL) and Ethereum (ETH) have evolved to become more than mere currencies; they are now platforms for decentralized applications. This evolution has blurred the lines between traditional means of exchange and digital assets. However, some people believe they can still be used as means of exchange.
😍Unlike regular money, cryptocurrencies possess traits such as programmability, interoperability and self-executing smart contracts. They are not just used for buying and selling goods but also for creating decentralized financial systems and other applications.
Comparing Ethereum and Solana, one must look beyond just the monetary value. Both networks provide a foundation for building decentralized applications (dApps), but they approach scalability and transaction speed differently. Ethereum's transition to PoS aims to address its scalability issues, whereas Solana has been marketed as a "high-performance blockchain," capable of handling many more transactions per second from the outset.
👀The SOLETH charts reflect Solana's poor performance against Ethereum, indicating a strong preference of Ethereum among investors, likely after the most recent outage on the Solana network. Ethereum's larger ecosystem and longer track record provide it with a more substantial market capitalization and a broader range of dApps
HIT TIPPED APPRISE YOUR GENEROSITY
#Dapp #Write2Earn #TrendigTopic
💥💥💥 Here are Five #Altcoins👀🚀 Under $1 That Could Shine This Bull Season
The recent #cryptocurrency market surge propelled Bitcoin (BTC) to a new all-time high above $73,000 on March 14. However, the subsequent downturn, resulting in a 12% drop in Bitcoin's price over the last month, presents an opportunity for investors to accumulate assets before another potential upswing.
Amidst this sentiment, lesser-known tokens trading under $1 show promise during bullish periods:
1. The Graph ($GRT ): A decentralized protocol facilitating data indexing in the blockchain space. Despite a 46% decrease from the annual high, The Graph has shown resilience, signaling potential for an upward trajectory.
2. TokenFi (TOKEN): Operates within the Floki ecosystem for real-world assets tokenization. TOKEN saw a 50% appreciation in its market price after receiving a $10 million infusion from DWF Labs. Positioned for further growth after a surge of 642% from January to March.
3. Ankr ($ANKR ): Provides Web3 infrastructure services, including multi-chain staking. ANKR remains above its 200-day EMA, suggesting potential for growth, after securing the top validator spot on Binance Smart Chain and forming strategic partnerships.
4. #sei (SEI): Operates as a layer-1 blockchain for trading platforms. SEI, currently trading at $0.5225 with a market cap surpassing $1.4 billion, shows promise for further gains after securing listings on major exchanges and demonstrating significant growth since launch.
5. Harmony (ONE): Simplifies #Dapp development through sharding to scale effectively. ONE surged 112% in March following the announcement of a $300 million ecosystem fund, positioning itself for continued robust performance.
Remember, investing in cryptocurrencies is highly speculative and involves a significant risk of loss. You should never invest more than you can afford to lose also do your own research.
Source - thecryptobasic.com
#BinanceSquareTalks
The recent #cryptocurrency market surge propelled Bitcoin (BTC) to a new all-time high above $73,000 on March 14. However, the subsequent downturn, resulting in a 12% drop in Bitcoin's price over the last month, presents an opportunity for investors to accumulate assets before another potential upswing.
Amidst this sentiment, lesser-known tokens trading under $1 show promise during bullish periods:
1. The Graph ($GRT ): A decentralized protocol facilitating data indexing in the blockchain space. Despite a 46% decrease from the annual high, The Graph has shown resilience, signaling potential for an upward trajectory.
2. TokenFi (TOKEN): Operates within the Floki ecosystem for real-world assets tokenization. TOKEN saw a 50% appreciation in its market price after receiving a $10 million infusion from DWF Labs. Positioned for further growth after a surge of 642% from January to March.
3. Ankr ($ANKR ): Provides Web3 infrastructure services, including multi-chain staking. ANKR remains above its 200-day EMA, suggesting potential for growth, after securing the top validator spot on Binance Smart Chain and forming strategic partnerships.
4. #sei (SEI): Operates as a layer-1 blockchain for trading platforms. SEI, currently trading at $0.5225 with a market cap surpassing $1.4 billion, shows promise for further gains after securing listings on major exchanges and demonstrating significant growth since launch.
5. Harmony (ONE): Simplifies #Dapp development through sharding to scale effectively. ONE surged 112% in March following the announcement of a $300 million ecosystem fund, positioning itself for continued robust performance.
Remember, investing in cryptocurrencies is highly speculative and involves a significant risk of loss. You should never invest more than you can afford to lose also do your own research.
Source - thecryptobasic.com
#BinanceSquareTalks
🚀🚀🚀 #Whales Market Announces the Launch of Its Revolutionary #Dapp and Token on the Solana network
Whales Market, a new #OTC decentralized exchange (#DEX ) on the Solana blockchain, has achieved a milestone with its Dapp launch and native token, $WHALES, on Mainnet. Developed by the LootBot team, known for its airdrop automation Telegram Bot, Whales Market focuses on revolutionizing cryptocurrency OTC trading.
Key Features:
- OTC Dex Dynamics: OTC markets allow direct trading of financial instruments, bypassing centralized exchanges. Whales Market addresses risks such as counterparty defaults and fraud by leveraging smart contracts for transparency and efficiency.
Two Market Types: The Pre Market facilitates P2P trading of pre-TGE token allocations, enhancing accessibility and reducing fraud. The OTC Markets offer a secure platform for P2P trading of tokens and NFTs, protecting users from scams.
- Economic Model: Whales Market generates revenue through $WHALES token trading fees, incorporating revenue sharing, Buyback and Burn mechanisms, and allocating a portion for development expansion. Performance-based emissions tie team incentives to trading volume for sustainable growth.
Expansion Plans: Currently focused on Solana, Whales Market plans to expand to Ethereum, exploring opportunities in EVM and non-EVM chains, as well as ZK blockchains.
- Market Overview: In 2023, the traditional securities OTC market exceeded $100 trillion in capitalization. The cryptocurrency space, fueled by ETF funding and a shift in major cash flows, attracts growing attention and investment. Decentralized OTC trading emerges as a disruptive solution, offering a streamlined avenue for digital asset investment.
About Whales Market:
Whales Market, a game-changer in the OTC DEX space on Solana, offers a secure haven for traders. Leveraging the LootBot ecosystem on the leading Layer 1 network, it aims to excel in transparent token exchanges and airdrop allocations.
Source - Cryptonews
#CryptoNews🔒📰🚫 $SOL
Whales Market, a new #OTC decentralized exchange (#DEX ) on the Solana blockchain, has achieved a milestone with its Dapp launch and native token, $WHALES, on Mainnet. Developed by the LootBot team, known for its airdrop automation Telegram Bot, Whales Market focuses on revolutionizing cryptocurrency OTC trading.
Key Features:
- OTC Dex Dynamics: OTC markets allow direct trading of financial instruments, bypassing centralized exchanges. Whales Market addresses risks such as counterparty defaults and fraud by leveraging smart contracts for transparency and efficiency.
Two Market Types: The Pre Market facilitates P2P trading of pre-TGE token allocations, enhancing accessibility and reducing fraud. The OTC Markets offer a secure platform for P2P trading of tokens and NFTs, protecting users from scams.
- Economic Model: Whales Market generates revenue through $WHALES token trading fees, incorporating revenue sharing, Buyback and Burn mechanisms, and allocating a portion for development expansion. Performance-based emissions tie team incentives to trading volume for sustainable growth.
Expansion Plans: Currently focused on Solana, Whales Market plans to expand to Ethereum, exploring opportunities in EVM and non-EVM chains, as well as ZK blockchains.
- Market Overview: In 2023, the traditional securities OTC market exceeded $100 trillion in capitalization. The cryptocurrency space, fueled by ETF funding and a shift in major cash flows, attracts growing attention and investment. Decentralized OTC trading emerges as a disruptive solution, offering a streamlined avenue for digital asset investment.
About Whales Market:
Whales Market, a game-changer in the OTC DEX space on Solana, offers a secure haven for traders. Leveraging the LootBot ecosystem on the leading Layer 1 network, it aims to excel in transparent token exchanges and airdrop allocations.
Source - Cryptonews
#CryptoNews🔒📰🚫 $SOL
Solana Unveils Details of Second Crypto Phone 'Seeker' #solanaValidators
Seeker will launch in 2025.
SINGAPORE –– Solana Labs's phone designing subsidiary is slated to ship its second crypto phone in 2025, Solana Mobile announced at the Token 2049 conference on Thursday.
Called Seeker, the upcoming handheld will be a major hardware improvement over Solana's first mobile phone, with better battery, a stronger camera and a lighter design than the Saga, said Emmet Hollyer, who runs Solana Labs' phonemaking project.
$SOL
It will also incorporate improvements specific to crypto. Units will ship with a specialty-built crypto wallet that ties into the device's partitioned Seed Vault key storage. Users of the wallet will be able to execute crypto transactions more seamlessly on Seeker than they could on Saga, Hollyer said.
Seeker represents Solana's second big bet on a product line that at one time was approaching the precipice of failure. Its predecessor Saga was bailed out from piddling sales figures last year when crypto traders realized they could buy units to collect token airdrops worth more than the device itself.
Saga's turabout into a sellout rejuvenated Solana Labs' interest in pushing crypto deeper into mobile devices by creating custom hardware and software. Saga and now Seeker are built on Android-enabled devices that have their own app store for crypto developers in the Solana ecosystem.
Anticipation of the new model has been intense. Solana committed to building a second phone after securing over 100,000 in pre-orders in early 2024. The capital infusion and buyer commitments helped Solana Mobile access better supply chain deals than was possible with the first edition.
Solana Dapp store #Dapp
One of the Saga's big appeals as a smartphone alternative to iPhone and off-the-shelf androids was its debut of an independent app store, called the dapp store. Developers could build highly-tailored crypto apps and then launch it through the dapp store without incurring the high fees of Apple's App Store and Google Play.
Seeker will launch in 2025.
SINGAPORE –– Solana Labs's phone designing subsidiary is slated to ship its second crypto phone in 2025, Solana Mobile announced at the Token 2049 conference on Thursday.
Called Seeker, the upcoming handheld will be a major hardware improvement over Solana's first mobile phone, with better battery, a stronger camera and a lighter design than the Saga, said Emmet Hollyer, who runs Solana Labs' phonemaking project.
$SOL
It will also incorporate improvements specific to crypto. Units will ship with a specialty-built crypto wallet that ties into the device's partitioned Seed Vault key storage. Users of the wallet will be able to execute crypto transactions more seamlessly on Seeker than they could on Saga, Hollyer said.
Seeker represents Solana's second big bet on a product line that at one time was approaching the precipice of failure. Its predecessor Saga was bailed out from piddling sales figures last year when crypto traders realized they could buy units to collect token airdrops worth more than the device itself.
Saga's turabout into a sellout rejuvenated Solana Labs' interest in pushing crypto deeper into mobile devices by creating custom hardware and software. Saga and now Seeker are built on Android-enabled devices that have their own app store for crypto developers in the Solana ecosystem.
Anticipation of the new model has been intense. Solana committed to building a second phone after securing over 100,000 in pre-orders in early 2024. The capital infusion and buyer commitments helped Solana Mobile access better supply chain deals than was possible with the first edition.
Solana Dapp store #Dapp
One of the Saga's big appeals as a smartphone alternative to iPhone and off-the-shelf androids was its debut of an independent app store, called the dapp store. Developers could build highly-tailored crypto apps and then launch it through the dapp store without incurring the high fees of Apple's App Store and Google Play.
$PHA is currently showing positive movement in the market with a slight increase in trading volume. The price has seen a 10.06% increase over the past 24hrs, with its market cap sitting at approximately $89.87M. #Phala Network operates as a blockchain coprocessor, enabling developers to deploy Phat Contracts that enhance dApps by overcoming web3 limitations through off-chain computing capabilities.
#Dapp #Network #PHA
#Dapp #Network #PHA
