WHAT IS THE FUTURE OF DECENTRALIZED WEB ALSO KNOWN AS WEB3.0
World Wide Web (WWW) takes the next step, and a new generation of web technology has been introduced. It is widely known as Web3 architecture. Web3 architecture refers to the decentralized web which has been originally adopted by the Ethereum ecosystem. The architecture does not have a centralized server and data silos that used to be in Web2 architecture. It is a stateful web with the system of the tokenized network architecture. The current network or internet system based on the client-server-based data infrastructure and centralized data management and data architectures are still based on the concept of stand-alone computers.
WEB3 applications (sometimes referred to as DApps) are built on decentralized P2P networks like Ethereum or IPFS. Being built, maintained, and operated by its users, these networks are self-organized and do not have any type of central control that could threaten users’ freedom. These networks are all open source, that is, anyone who is interested can help to build upon the common shared infrastructure. That is when the “WEB3 compatible” term comes out to play, which means that products or services with that “stamp” can interact with Ethereum blockchain smart contracts.
DAOs are a new way to finance projects, govern communities, and share value. Instead of a top-down hierarchical structure, they use Web3 technology and rapidly evolving governance and incentive systems to distribute decision-making authority and financial rewards. Typically, they do that by issuing tokens based on participation, contribution, and investment. Token holders then have the ability to submit proposals, vote, and share in the upside.
If blockchains, NFTs, smart contracts, DeFi protocols, and DApps are tools, DAOs are the groups that use them to create new things. If they’re the what, DAOs are the how. They’re the Web3 version of a company or community. And as people experiment with new building blocks and structures, DAOs will have emergent properties that we can’t predict today.
Bitcoin is digital money. Ethereum is a platform on top of which builders can create anything, from apps to entire organizations. Ethereum, Bitcoin, and other blockchains are Layer 1 in the Web3 tech stack. For Bitcoin, all of the magic happens at Layer 1, but with Ethereum, most of the magic happens in Layer 2, the protocol and smart contracts layer.
Web3 applications sometimes referred to as DApps, are built on decentralized peer-to-peer networks like Ethereum and IPFS. Instead of being run by some company, these networks are built, operated, and maintained by their users. They’re self-organizing and lack a central point of failure. Additionally, they’re open-source meaning anyone’s help to build upon this shared infrastructure. Products and services that are “web3 compatible” have the ability to interact with smart contracts on the Ethereum blockchain. Web 2.0 relies on users to create the value from which the owner or host can reap the benefits from. In most cases, you have little to no control over your data. Also, you never know if the content you enjoy will stick around. When content is no longer needed or threatens profits, the host of the website or service has the right to remove it from their platform leaving you high and dry. Not to mention, most service providers own your data under their terms of service. Web3 seeks to empower users and to recapture the value that they create.
Smart contracts are like pieces of code that run on the Ethereum blockchain. Once launched, they operate as programmed and users can rely on them to be unstoppable and censorship-resistant. Web3 is the future of the internet that treats it like the shared infrastructure it is. It’s a future where everyone can contribute value to the internet and be rewarded for it. The Bitcoin blockchain and similar protocols are designed in a way that you would need to break into multiple houses around the globe simultaneously, which each have their own fence and alarm system, in order to breach them. This is possible but prohibitively expensive. In Web3, data is stored in multiple copies of a P2P network. The management rules are formalized in the protocol and secured by the majority consensus of all network participants, who are incentivized with a native network token for their activities. Blockchain, as the backbone of the Web3, redefines the data structures in the backend of the Web, now that we live in a connected world. It introduces a governance layer that runs on top of the current Internet, which allows for two people who do not know or trust each other to reach and settle agreements over the Web.
ANKR network is a decentralized cloud power platform that aims to utilize idle computing resources from data centers and other devices. Ankr creates a sharing economy where businesses and users can monetize their full redundancy through devices, servers, private clouds, and even public clouds. This allows Ankr to provide computational power to its users for a cheaper price. ANKR is the utility token for the network and service. Ankr token is used for
Pay for node deployment (You can also pay with USDT or credit card.)
Pay for app usage.
Stake to validate network
Why would value accrue to ANKR token?
When anyone buys cloud computing or deploys a node
Part of the fee paid to the resource provider,
Part of the fee paid to the Application provider,
Part of the fee paid to the company.
What does ANKR network do?
Ankr’s goal is to provide a new blockchain framework that efficiently uses resources and provides a user-friendly infrastructure for business applications, while also adding interoperability and collaboration with other existing data solutions. The system the project is developing is among the first to leverage certified hardware resources, using the Intel SGS protocol for hardware, to deliver enterprise-level security and optimize side-chains to leverage the power and head and off-chain computing. A distributed network for cloud computing focused on web 3. Anyone who can provide 10 nodes can join as a cloud provider. Users can deploy a full node on most blockchains in one 1-click without any coding.
The mainnet uses a Proof of Service Level and Stake Byzantine Fault Tolerance (SLSBFT). A fork of Tendermint.
A triple token model.
ERC20
Ankr mainnet
BEP-2 (Binance chain)
Whitepaper / Docs
https://s3-us-west-1.amazonaws.com/app.ankr.network/assets/Ankr_Whitepaper_20190524.pdf