With the core values of decentralization, privacy, and user-incentivization, Web 3.0 platforms have a solid framework for creating the next generation of the internet. Practically speaking however, the majority of eyeballs are still fixated on centralized social media sites and industries built on legacy infrastructures, so there are still significant steps that need to be made for a predominately Web 3.0 internet backed by blockchain technology to emerge.
Yet, for what it lacks in overall structure and market share, it currently makes up for in innovative and intuitive, inter-compatible interfaces. Case in point, browser-based crypto wallets have now enabled a seamless interaction between the realm of DeFi and various web applications. Open source systems like these have contributed to the dApp (decentralized applications) movement, which allows a host of API’s to come together through Web 3.0 programming languages.
As Web 3.0 is still very much in its infancy, many of its initial platforms simply provide a subtle, value-driven change from already existing Web 2.0 products and services. Helium is one such web service that has been designed to compete with incumbent ISP (Internet Service Provider) giants. It does this through a distributed network of physical hotspots that bring wireless internet to its target audience. Meanwhile, the cloud computing abilities of Flux offer a suite of decentralized computing services along with blockchain-as-a-service (baas) solutions.
Both of the aforementioned platforms have a hardware component that includes their own native crypto assets. This style is quite characteristic of Web 3.0 projects, where having a unique cryptocurrency allows a range of governance and utility functions to be realized while also building up the value of a token. Presearch is a decentralized search engine that is an excellent example of this mechanism, as it incentivizes users for searches by rewarding them with their native token (PRE).
The communal aspect of Web 3.0 is thoroughly embedded into Presearch’s USP (unique selling proposition) and its search engines are run on nodes with open source software that are operated entirely through Presearch community members. Keyword staking within the ecosystem is another pioneering feature that enables people to get noticed on the new web by competitively staking enough PRE to rank for a desired keyword.
Hive is another quality decentralized blockchain ecosystem built off of a delegated PoS (Proof-of-Stake) protocol which facilitates the storage of vast amounts of content made available through a time-based monetization model and Proof-of-Brain (PoB) concept that lets content creators and consumers earn through their participation on the platform. A resource credits framework is also in place to keep track of transactions that are executed on its blockchain.
Monitoring the massive quantity of real time on-chain data is a tall task, but Parsiq is a platform that can collect relevant information, track, manage, and turn it into automated personalized workflows. One of the functions that helps this process is the ‘if-this-then-that’ logic of smart triggers that links up splendidly with off-chain apps whose main business systems are not blockchain-based.
While Parsiq and similar types of platforms handle the organization of data on the next generation of the internet, IPFS (InterPlanetary File System) covers the sharing aspect. It is a peer-to-peer protocol that lets computers send and receive data in a distributed system where files are not only downloaded, but dispersed to others. IPFS has created a new way of file identification based on the content of the files, rather than its location.
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