Web 3.0: Blockchain and Decentralization of the Internet

What would web 3.0 look like? One topic that many teams interested in blockchain are currently working on is blockchain connectivity. Exchanges and payment solutions are naturally interested in it in order to be able to facilitate currency exchange (see COMIT of TenX). This interconnectedness may lead to the emergence of a fully decentralized network 3.0 in the next years.

In this web 3.0The web content that billions of people consult every day will not be stored on servers operated by central players such as Microsoft, Google or Amazon, but rather will be published on computers that will receive small amounts of cryptocurrency to host that content. Each blockchain has its advantages and disadvantages, and it offers this or that functionality. The Internet of blockchains will allow users to transfer value between blockchains to take advantage of the features and applications that each provides. With Web 3.0, the structure and the way the Internet operates is called into question, geared towards the decentralization that the blockchain allows. Thus a decentralized network could be, after cryptocurrency, the next practical application of blockchain.

The new internet is shaped by blockchains

Reminder, web 1.0, officially born in 1994, is the one that allowed us to inquire, buy and communicate via email with other people. Sites like Amazon, Google, or Wikipedia were born around this time. Then came the file Web 2.0 Ten years later, allowing internet users to fit the internet a bit more by allowing them to create content and communicate in real time with each other thanks to sites like Facebook or Youtube. Web 3.0 introduces a new paradigm for the interaction between software and content on the Web, the key word for this being decentralization..

If the central platforms of Facebook and Google disappear, many of the problems that arise with the explosion of mass content will disappear with it, and that content will spread across countless computers. The owners of these computers will be financially incentivized to make them available to store this content. Operations based on asymmetric encryption will replace SSLand based on HTTP Strong Indexing Protocols. They are currently being developed to organize this new internet and get names IPFSAnd IPNSAnd swarmAnd philicoin In Web 3.0, the content you access will be stored on many computers that are members of the blockchain, each with a specific function (managing passwords, executing financial transactions, providing product information, storing videos, etc.). Your browser will call one or another blockchain and collect these contents and functions to respond to your requests..

Since the content will be duplicated on multiple computers and there will be no central server regulating the traffic, connections will be able to dynamically find the most efficient path in this new web and bypass congestion or failed computers. However, current blockchain systems do not have the capacity to handle such blocks of data and requests.but the theoretical architecture of Web 3.0 takes shape as you write. IPFS (Interplanetary File System) indexing protocol Developed by Victor Tron And his team (Protocol Labs) makes it possible to store data on a large number of connected computers. In this protocol, a peer-to-peer network replaces a central server for establishing connections. Various models for storing content and rewarding nodes are also studied according to the block of content they store, and their ability to solve mathematical or chance problems.

to summarize, The Internet as we know it operates on a model that has become highly centralizedWhether it’s managing traffic, content, or making profits. After Web 1.0, which made it possible for everyone to get information and buy online, and Web 2.0, which enabled everyone to create, communicate and thus get their place on the Web, the new Internet is today. This new internet Web 3.0, which operates according to a decentralized model of data storage on computers that are members of different block chainseach performing its role, which the user terminal will collect to respond to his requests. Several teams are currently implementing indexing and financial incentive systems, such as IPFS or Swarm, in order to build this new decentralized web.

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