Are we finally on the verge of developing our long-awaited next generation internet infrastructure, known as Web 3.0? The first version of the Internet consisted of static, read-only websites, while Web 2.0 gave the ability to share and create content, enabling activities such as social networking, banking, and online shopping. But it has serious flaws in security, privacy and censorship. Moreover, the dominance of tech giants has only contributed to the exploitation of users.
Web 3.0 is changing that by setting new standards for the internet with blockchain technology. What are the consequences that many ‘Web 3’ projects still rely heavily on centralized services, such as centralized domains, cloud storage, and browser extensions (preferably called Web 2.5), a startup, Point Labs, is calling for the radical decentralization of all components The main point of the Internet, we finally got close to the full definition of the real Web 3.0.
What is Point Network?
Point Network is a software suite, consisting of a blockchain-based peer-to-peer network, a point chain, a local running node called Point Core, and a decentralized browser called Point Browser, providing everything necessary to take full advantage of the Web 3.0 experience. Instead of centralized domains, which can be removed by ICANN and the US government at any time, they offer decentralized domains, which live on the blockchain. Instead of relying on cloud storage, everything on this new internet should come only from Arweave, a decentralized storage network, thus ensuring data integrity and resistance to censorship on digital websites and applications. POINT is a utility token designed primarily for micro-payments to storage providers and validators for the decentralized use of the Internet, and is driving this economy.
In today’s crypto world, users are forced to contend with a lack of standards, creating and maintaining a variety of blockchain and dApps, each with its own implementation of common parts. Standards like ERC-20 and the Metamask API helped a bit; However, Point Network aims to solve all these challenges by using a proprietary Web 3.0 browser called Point Browser, and its locally run node software, Point Core.
Therefore, a Web3 user only needs to log into Point Browser with an initial phrase to be immediately granted access to websites and decentralized applications on Point, Ethereum, Solana and other chains, or even send Bitcoin and Bitcoin Lightning transactions.
Create more opportunities
Once the real Web3 core infrastructure is up and running (and the company has already launched an alpha version with a growing user base), this opens up a world of possibilities for Web3 dApps. For example, when Point Labs recently released their roadmap (which, unlike other crypto projects, isn’t just a few points on a timeline, but is a website entirely like Trello), it became clear that they were working on Point Social, an oversight A decentralized social network with transparent algorithms, and Point Mail, an end-to-end encrypted decentralized email service that is supposed to outperform Protonmail in terms of privacy.
However, it also became clear that the team, regardless of its funding and popularity, would not be able to build all the decentralized successors to Youtube, Reddit, Github, Google Drive, etc. That’s why, rather than trying to take every slice of the Web3 pie, Point Labs will be putting together one last, massive private round in May before the public launch, which could help fund and support grants to several startups in parallel, building necessary Web3 applications on point. This means that now is the perfect time for Steve Jobs, Larez, Sergey and Jack Maas to claim market share in Web3 applications. unknown From Web3.
When will we be able to enjoy the real Web3?
Recreating the Internet from scratch with decentralization at all levels is not an easy feat and requires a lot of research, engineering and testing. There is already a public alpha version of the Point Network, through which anyone who wants to become an early adopter can explore the network, as well as a Telegram group where they can register as an alpha tester in order to benefit from a certain USDC in return for their feedback.
The Point Network is still in its infancy and has not yet taken its final form, just as the Internet of the 1990s could not have prepared us for the unimaginable possibilities that would arise decades later. However, this is enough for curious minds to get a taste of what real Web3 can be, participate in shaping its story, share their reactions and discuss their ideas within the community, which contributes to making Web3 a successful reality faster.
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