One article explains the six most noteworthy directions related to Web3.0
Original title: "The Great Dismantling of the Web 3.0 Era, One Article Explains the 6 Directions Most Deserving of Attention at the Present Time", author Wu Huoqiu Leader
If you were asked to describe Web3.0 in one sentence, how would you describe it?
• Make Internet Great Again? (Make the Internet Great Again)
• Return data ownership to everyone?
• Completely free flow of information and value?
I think there is nothing wrong with it. There are already many articles on the Internet about the division and definition of Internet 1.0, 2.0, and 3.0, but if you really hear the concept of web3.0 for the first time, then a super simple concept can be summarized:
Web1.0: Yahoo, Sina and Sohu, etc., content-based, less interaction; Web2.0: Facebook, WeChat, Douyin, etc., relationship-based, more interaction; Web3.0: blockchain, Internet of Things and artificial intelligence etc., data-based, trust-free and intermediary value interconnection.
Generally speaking, most blockchain directions can be related to 3.0. After all, as the infrastructure of Web 3.0, the blockchain can be integrated with features such as decentralization, anti-censorship, and no need for trust.
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01 Money: BTC, USDX, algorithmic stable coins, ETH
BTC: the hardest currency in the future web3.0 era, none of them. But I think there is a high probability that when the Web3.0 era is fully formed, Bitcoin should be denominated in Satoshi. A well-known platform supports Satoshi-based pricing this month. I believe that in the near future, more and more platforms will start this mode.
USDX: The most convenient "money" is the USDX series. Currently, the two giants USDT and USDC are leading the way.
Algorithmic stablecoin: It is said to be the holy grail of the blockchain, from AMPL, to ESD, to BAS, to Frax, Fei, Bank, OHM... It has evolved for many generations. I don’t know the end of Web3.0, will it be possible? There is a stable and successful promotion from air to currency.
ETH: After the opening of 1559 this month, ETH has taken the second step towards Ultra Sound Money (the ultimate sound currency). What is the first step? DeFi and NFT of course! In the future there will be 2.0, POS...
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02 The underlying public chain: ETH, DOT, Cosmos, Dfinity
ETH: Needless to say, basically all "ETH killers" are now ETH friends, not friends... Go to the garbage dump to find it, you are not compatible with an EVM these days, how can you mess around?
Ethereum is most likely to become the entrance of Web3.0 in the future. The biggest uncertainties about ETH are actually the following three:
1. Can it surpass BTC in this round or the next round of bull market? 2. In the future, will ETH be the only one or a multi-chain universe? 3. Will the universal single sign-on of Web3.0 based on Ethereum work?
DOT: The concept of Web3.0 in the blockchain industry was proposed by Dr. Gavin a few years ago. ETH was also created by him and V God. Polkadot naturally occupies a place in Web3.0.
Compared with ETH, Polkadot has better chain governance, cross-chain design, Substrate chain building functions, etc. It is recommended to try Polkadot's web wallet and browser plug-in, and switch back and forth between different chains, which is completely different from Metamask. same experience.
Cosmos: It has a similar concept to Polkadot, but has a completely different style. Polkadot is the shared security system of ETH2.0, while Cosmos is a completely open IBC communication protocol. Which one is better and which is worse? It also has to go through a round of bulls and bears. See you next cycle.
Dfinity: The launch of Dfinity can be said to have welded the final gate of the public chain track. When ETH2.0 tried to decentralize the Raspberry Pi as much as possible, Dfinity surprised the circle with its data center and proprietary hardware design The smooth speed and silky experience... let us see the hope of the revival of DApp.
Dfinity is a completely different design from the current mainstream blockchain ideas, so there is a high probability that it will not fight to the death with other projects. Many bigwigs in the circle are optimistic about the future Web3.0, ETH will make the back end bigger, and Dfinity will make the front end bigger. Love each other, there is me in you and you in me...
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03 Storage: Filecoin, Storj, AR, Crust
If Web3.0 has two legs, and the public chain above is the one responsible for computing, then the other leg is storage. After all, if you want to return the ownership of user data to users, you must first have a decentralized storage place, right?
Filecoin: It’s already 2021, so don’t confuse the IPFS protocol with Filecoin anymore. Of course, you can understand Filecoin as the official application of IPFS, and treat the rest as OEMs.
Filecoin is undoubtedly the most important project in Web3 storage, and it is often compared with another project Storj. Storj is more commercial-oriented, while Filecoin is more general. Storj did not support IPFS at the earliest, but it was not compatible with many "Ethereum killers" at the beginning EVM, I found that I can’t beat it, so it’s better to join the EVM camp and be an ETH friend. Storj now also supports IPFS.
But what many people don't know is that Filecoin rewards the data it encapsulates, and now the encapsulated data is basically junk data. The idea is to make the network bigger first.
Storj only rewards you if you store real and effective data and it is called. As a result, it is basically impossible to pay back the cost in China, and it is also extremely slow abroad. There are completely two ideas in terms of market expansion and rewards.
AR: The domestic code name is "Avi", a very poetic name, which focuses on eternity. The technical implementation of AR is completely different from that of Filecoin, and the storage method is also different. After all, it is "one-time payment, permanent storage". Some people regard AR as the Alexandria library on the chain.
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04 Network: NKN, HNT
The Web3.0 network itself can also give you "decentralization". Of course, this will not replace the Internet, but only a useful supplement to it.
NKN is built on the existing Internet, the purpose is to "incentivize Internet users to share network connections and utilize unused bandwidth", mining is also much easier, ordinary computers or Raspberry Pi can be mined, previously unknown, it was launched in the first half of the year After coinbase, it suddenly became popular.
HNT uses low-power transmission equipment to establish a network completely independent of the Internet through antennas. It is dubbed "People's Network" (people's network) and uses radio waves to mine.
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05 Middleware: Link, GRT, Mask
A big difference between Web 3.0 and 2.0 is that it is difficult to generate a monopoly because it can be forked and composable. However, middleware may be an exception, such as Link, which everyone is most familiar with.
Needless to say about Link, basically all blockchain projects, especially those related to DeFi, have to cooperate with Link. After all, if you want to interact with the real world, the oracle machine is your most indispensable middleware.
Link brings the data off the chain to the chain, and Graph does the opposite. For the data query on the chain and the API layer of the decentralized network, it brings the data on the chain back to the chain, so it is also called "reverse oracle". .
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06 Privacy and Identity: Horizen, DID
The privacy here does not refer to the anonymous Token, but the overall privacy of the chain or Web3.0 behavior. This is a track that needs to be paid attention to at present. After all, the concept of Web3 has not been out for a long time, and there are not enough users of applications such as DeFi. Privacy is not something that everyone cares about.
But in fact, some professional DeFi farmers, especially large households and whales, are very concerned about privacy. The current blockchain is completely transparent and the behavior of "not wearing clothes" makes them very uncomfortable. As a chain dedicated to privacy, Horizen may be the earliest one, and it is the darling of Grayscale, and it is also the chain with the most nodes.
However, because it is a self-contained system, it is completely dissociated from the framework of ETH and EVM, resulting in a low sense of existence at present. I feel that in the future, it may rely more on the advantages of Grayscale to focus on commercial privacy side chains.
Decentralized identity (DID) can be said to be one of the most important parts of Web3.0, not only Web3.0 but also Metaverse, we will definitely need an ID to represent ourselves and communicate with off-chain self-relationship.
At present, everyone’s identity on the chain is simply the ETH address. This method is undoubtedly too crude. However, this track is even earlier than privacy. There is not even a project that can be called a leader. At present, only old-fashioned ones can be thought of. CVC, Litentry of the new generation.
In other words, unless all chains are unified in the future, under the premise of the coexistence of multi-chain universes, building a unified identity system on the chain itself is a "nearly impossible task". read.
Do you know any directions that are particularly closely related to Web3.0? Welcome to share your views in the message area.
