Middlemen provide convenience and simplicity in everything—from filing taxes, finding a place to live, ordering food, booking travel accommodations and even online social interactions. Today, our online interactions and transactions are governed by large, centralized platforms like Google, Amazon and Facebook that control our data. While seen as problematic now in the crypto community, there’s no question centralization has effectively powered the peer-to-peer (P2P) interactions that facilitated through social media and e-commerce—the most iconic outcomes of Web2.0.
Now, blockchain is changing what we consider to be the Internet, and Big Tech sits in its crosshairs. In the spirit of continuing the P2P dynamic the early days of Web2.0 fostered, blockchain companies are working to build Web3.0 with privacy and decentralization in mind. No need for a middleman, its logic goes—especially not one that steals your data.
Blockchain is the backbone of Web3.0
Blockchain is at the core of a truly decentralized Internet, redefining the data structures in the backend of the web and introducing a governance layer running on top of our current Internet. Blockchain technology transforms the way data is stored and managed. Its unique architecture allows multiple nodes to stay in consensus on the current state of the dataset without one centralized source of truth.
Continue reading: https://www.nasdaq.com/articles/how-blockchain-platforms-will-lead-the-way-to-a-decentralized-web3.0
Now, blockchain is changing what we consider to be the Internet, and Big Tech sits in its crosshairs. In the spirit of continuing the P2P dynamic the early days of Web2.0 fostered, blockchain companies are working to build Web3.0 with privacy and decentralization in mind. No need for a middleman, its logic goes—especially not one that steals your data.
Blockchain is the backbone of Web3.0
Blockchain is at the core of a truly decentralized Internet, redefining the data structures in the backend of the web and introducing a governance layer running on top of our current Internet. Blockchain technology transforms the way data is stored and managed. Its unique architecture allows multiple nodes to stay in consensus on the current state of the dataset without one centralized source of truth.
Continue reading: https://www.nasdaq.com/articles/how-blockchain-platforms-will-lead-the-way-to-a-decentralized-web3.0
