In the Web3.0 era, computing power is power


Posted January 18, 2022 by super1

Web3.0, REITs CHAIN aims to connect each individual to govern together with information and services, realize the digitization of real-world assets, and confirm rights.

 
The Internet refers to the network connecting computers (through the underlying TCP/IP protocol), and similarly the mobile Internet is the network connecting mobile devices, which are actually portable computers. The web is the abbreviation of world wide web (World Wide Web), not an abbreviation. The World Wide Web is an application network that interacts based on the http protocol.

In other words, the web is a system that runs on the Internet. Further, the Internet is for computers (point-to-point), and the web is for applications on computers (end-to-end).
In the past, the web can be said to be all kinds of resources accessed through the use of browsers. This is the era of Web1.0. With the mobile Internet, it has expanded. Many mobile apps also interact through http. This is the era of Web2.0. Today, we are exploring the era of 3.0, and the era of Web 3.0 is based on blockchain technology.

From the perspective of the nature of business, in the Web1.0 era, information and services are formulated by producers, and the interests are owned by the producers; in the Web2.0 era, information and services are formulated by platforms and reproducers, and interests are owned by platforms and reproducers; In the era of Web3.0, REITs CHAIN ​​aims to connect each individual to govern together with information and services, realize the digitization of real-world assets, and confirm rights.

01 In the era of Web1.0, production is power

The Web1.0 era is the early stage of the development of Internet applications. The information and services obtained by network users are determined by the producers, and the benefits belong to the producers.

In the early web 1.0 era, such as the Chinese Yellow Pages founded by Jack Ma, users could only read information on static websites, and the control of the entire reading and experience service was in the hands of the producers, and there was no other choice. Merchants directly pay for information display, and merchants have two choices, whether to display or not to display; Internet users pay for merchants indirectly, and users have two choices, pay to view or not to view; ultimately, the platform that provides information and services makes money from merchants To get the display fee, the user also gets the display fee, and then the user gets the free display for free, and then the merchant also gets the free display, and the business model is transformed into advertising revenue.

Later, the development of web 1.0 appeared to confluence with comprehensive portals. In the early days, Sina, Sohu, NetEase, etc., continued to adhere to the road of portal websites, while Tencent, MSN, GOOGLE and other network upstarts have all moved to portal networks, especially There is a great and common interest in news information.

The profits of web 1.0 are all based on one thing in common, that is, huge click traffic. Whether it is early financing or later profit, it relies on a large number of users and click-through rates, listing or developing value-added services based on click-through rates. The basis of the audience determines the level and speed of profitability, which fully reflects the Internet eyeball economy color.

However, we found that producers are scarce, so that the network hegemony belongs to the producers, and information transfer allows them to gain the domination of the Web, and production is the power to occupy the first-mover advantage for early Internet companies, such as Ali, Tencent and Baidu.

02 In the Web2.0 era, connection is power

In the era of Web 2.0, which is what we are currently in contact with, some network users have been given reproduction property rights, information and services are still jointly formulated by the platform and the reproducer, and the interests are owned by the platform and the reproducer.

Its main feature is that it is platform-oriented and user-oriented. Web2.0 has spawned many super platforms, whether it is Amazon, Taobao, JD.com and other e-commerce companies, Ele.me Meituan, or Didi, they are all connected by platforms. Different users thus reflect value, and the information and services obtained by the public are formulated by the platform and reproducers.

In terms of platforms, platforms vertically connect groups of the same trait. The e-commerce platform connects consumer groups and merchants. Merchants can provide product information and services on the platform, and consumers can compare prices of similar products according to their consumption needs; takeaway platforms can gather offline physical restaurants to provide services online through the platform, and consumers can Choose food according to region and taste; We-media platform provides the soil for information re-creation for We-media people, and connects information consumption users...

In the era of Web 2.0, we can see an obvious feature, that is, the Internet industry is more subdivided, and each industry is mainly connected to upstream and downstream services. The connection has brought economic growth points to the industry, and the volume of connected users It directly determines its position in the Internet ecosystem. With its early first-mover advantage, Amazon, Ali, Tencent, and Baidu have basically completed their monopoly in the e-commerce, social networking, and search industries.

03 In the era of Web3.0, computing power is power

In the Web 3.0 era, information and services are jointly formulated by each connected individual, and the interests are owned by everyone. The real sharing economy is the era we are currently exploring and can change the production relations in the real society.

In this era, the digitization of physical assets in the real world enables subdivision of ownership and cross-regional circulation. Everyone is both a producer and a consumer. They can cooperate with each other to obtain benefits and exchange them for what they want. It can be summed up in this sentence: Web3.0 is a decentralized network constructed by decentralized applications and decentralized communities.

To be more precise, in the Web3.0 era, there are N platforms that connect producers and consumers. These platforms are decentralized, that is, there is no main body, and producers and consumers are constantly interchangeable. Role, build a self-running interactive system, whoever contributes will get the incentives in the system, and use the incentives to produce or reproduce, consume or re-consume.

The Internet of Web1.0 and Web2.0 is based on centralized services, requiring decentralized super systems to subvert, from data transmission, processing, storage to data encryption and confirmation of rights through blockchain technology and smart contracts, A public chain system that can truly subvert and support commercial-level applications requires continuous iteration on the underlying technology, including data concurrency and scalability, compatibility of processing capabilities, and interoperability to realize the World Wide Internet, in order to truly realize Web3. 0.
The development of the basic public chain is the cornerstone of Web3.0. On this track, Bitcoin, Ethereum and BSC are far from supporting the ecological development of Web 3.0 at this stage. The flaws are congestion, low concurrency, and high gas fees.

The development of new public chains has also continuously presented super public chains, such as: REITs CHAIN ​​global asset digital ecological public chain, a decentralized, open source public chain with smart contract functions. Using the POW+DPOS hybrid mechanism, it has a rich new ecology of DeFi+NFT+Metaverse. Features such as high throughput, security, encryption, privacy and strong compatibility, scalability and interoperability.

The purpose of REITs CHAIN:

Provide unlimited new opportunities for various asset digital services, and become a super underlying service public chain that supports a large number of commercial-level applications.

According to the development route of REITs CHAIN, the underlying technology network continues to iterate 2-channel-4-channel-storage iteration, plus scalability can improve data processing capabilities and compatibility, interoperability (compatible with Ethereum, BSC, HECO and other public chains) .

On the REITs CHAIN ​​public chain, a decentralized DAPP application ecology, data storage and transmission can be established, and services such as storage and retrieval services can be provided for the entire ecology.

In fact, in the development of the underlying technology of the public chain, Bitcoin and Ethereum can be used as the application layer based on REITs CHAIN ​​in a sense, then we can find whether it is the computing power of Bitcoin-like PoW proof of work, It is also the computing power of Ethereum 2.0POS proof of equity, and it is the hegemonic rule of computing power at the application level.

Therefore, in the era of web 3.0 based on blockchain technology, computing power is power from the protocol layer to the application layer. It is foreseeable that the era of computing power will break out similar to web 1.0 and web 2.0 in the world. Large-scale applications, and the protocol that these applications follow may be the REITs CHAIN ​​protocol.

Summary: The Web era has shifted from PCs to portable mobile devices, and has begun to make the leap from 1.0 to 2.0. Power has shifted from production to connection. The Web 3.0 era will belong to everyone, and rewards will be distributed according to contribution, then computing power will rule. Next, the protocol side and application side of the Internet will reconstruct the entire Internet ecosystem.
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Issued By Web3 is a decentralized network built through DAO
Country American Samoa
Categories Automotive , Web Development , Blockchain
Last Updated January 18, 2022