'Why There is No Digital Future Without Blockchain' web3 oct_network
A new idea that uses blockchain technology called web3 is a proposed new way for the internet to work. Web3 will transition the internet infrastructure from company-driven to user-driven. This means that there will be apps , that are run by thousands of regular people all over the world. There are no central servers and no single profit-seeking party. Users will have more control over their data and can benefit from their data if they choose to.
Whilst most people consider this unethical and call for Facebook to ban these abusive practices, the real problem here is that Facebook is a profit-driven company that needs to perform these tasks to keep making their employees and investors money. The entire business is designed around making people spend as much time on Facebook as possible and selling this time to advertisers, along with the user’s data.
Ok, so you’re probably wondering what this has to do with blockchain. Well, if you followed me before as I mentioned web3, the new structure for the internet will be run by people, not companies. One of the ways this will impact data is that the way user data is managed will be fundamentally changed. Currently, most data is stored in massive data centers, like this one.is managed.
The most important thing about understanding this new technology is to understand which problems it can help solve. And those problems are big ones that are becoming increasingly important in society.the Facebook papers And it’s not only Facebook. It’s happening everywhere online. From your Google searches to your favorite candy stacking mobile game; it’s all driven by capturing your attention for profit.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Billionaire Mark Cuban Is 'Very Bullish' on Forthcoming Ethereum 'Merge,' Here's WhyMark Kuban has shared two reasons why he is 'very bullish' on the Ethereum upgrade that is expected to take place this summer
Read more »
Why Republicans Romney, Murkowski, and Collins say they'll vote for Ketanji Brown JacksonThree Republican senators have taken the political risk of breaking from their party to vote for Judge Ketanji Brown Jackson's confirmation to the Supreme Court this week.
Read more »
In shattered Chernihiv, Russian siege leaves a city asking, ‘Why?’In shattered Chernihiv, Russian siege leaves a city asking, “Why?”
Read more »
Why playing PS3 games on a PS5 is way harder than it sounds | Digital TrendsAn RPCS3 contributor explains that native PS3 emulation is possible on PS5, but isn't worth the effort for Sony.
Read more »
Amazon Astro Review: Why My Family Loves and Hates This Home RobotAmazon’s first roving at-home helper promises to deliver you a drink, guard your home and entertain you. Here’s what it was like to live with it for two weeks.
Read more »
Why Are Male and Female Friendships So Different?'Men invested much more in a friend who would be able to enhance their status and help them attract mates, whereas women spent more money on building a friend who would provide emotional support,' writes FTMcAndrew
Read more »