Web Decentralization
Decentralization is a form of dissatisfying authoritarian power and making judgment autonomous. This applies to the web, the web is the most important engagement tool for humanity, created in 1989 by Sir Tim Berners-Lee, a British computer scientist. Although the web is based on monetization, data acquisition, and manipulation, which Is an outstanding issue.
This brings a connection between blockchain and web decentralization, from the story of Nick Szabo a computer scientist who created the first virtual currency “Bit gold” in 1998. Nick Szabo aimed to create a Proof of Work (PoW) mechanism for peer-to-peer decentralized transitions, a form different from the centralized financial system, Although the development was abandoned.
In 2008 the bitcoin white paper was published by an anonymous. The header contains the name Satoshi Nakamoto, the creator of the Internet electronic cash payment system for decentralized finance purposes, Nakamoto’s true identity is yet to be discovered people insinuated Nick Szabo to be Satoshi Nakamoto, but the claim has been denied multiple times.
Web Decentralization.
The revolutionary research for a newer web continues to be explored by several blockchain technologists which revealed the Ethereum decentralized blockchain, established in 2015 by Vitalik Buterin, his network created the first smart contract blockchain for decentralized application (Dapp), and decentralized finance (DeFi) which allow participants of the network transact and use the web applications without centralized interference.
The decentralized blockchain is created with Smart Contracts that power the in-depth blockchain functionality and applications of various kinds, for example, a decentralized Exchange, Domain Name Services, and distributed file systems are newer technologies that enable data transfer, hosting, and storing without being censored or manipulated, there are other outstanding web technologies built with blockchain functionalities such as IA powered blockchain, the process of web deconcentration led to the term “Web 3.0” coined by Gavin Wood the co-founder of Ethereum.
Web 3.0 technology does not eliminate the old web formula, it creates a newer version that won’t be controlled by a central goalkeeper, but instead a rotational model that brings a favorable experience to the new generation. Web decentralization shouldn’t be about blockchain token benefits alone, but the development that benefits our day-to-day lives, my most loved development on the blockchain, is the decentralized science (DeSci), and the healthcare technologies on the blockchain.
The blockchain secures protocols across its network of nodes through a consensus mechanism, validates transactions, records data in an incorruptible manner, and also continues to be more used. Aside from finance, blockchain technology is connected to other industries. It also challenges the practices of the current business sector i.e most industries believe that blockchain technology is preferable to present-day technology.
Conclusion
The word decentralization is often used by protocols. Truly decentralized protocols will lack Authoritarians.
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