Web3

-

 Web3

Web3, as it is most widely used today, refers to another idea for the "next level" evolution of the internet, but one which is tied to concepts involving decentralization, blockchain technology, and cryptocurrencies. This is confusing because another group of ideas exists, which is labeled "web 3.0", proposed by Tim Berners-Lee – the man often referred to as the father of the World Wide Web. As with the term "metaverse," both web3 and web 3.0 refer to what the internet may evolve into. And although the ideas are somewhat related and not necessarily mutually exclusive, they each describe different things! Confused? Don’t worry, so is everyone else!

Specifically, though, web3 looks forward to an internet where power and ownership aren't centralized in large corporations that ultimately own the servers where data is stored, and software programs are executed. For example, many believe that large social network companies like Facebook and Twitter hold too much sway over public debate as, ultimately, they get to control who does or doesn’t have a voice. A decentralized web3 social network would, in theory, be controlled by its users and operate as a true democracy, with no Mark Zuckerberg or Elon Musk figure with the capability to cut off anyone who they didn’t think should have a platform.

A metaverse-oriented internet could be run on web3 principles – decentralized - but wouldn’t necessarily have to be. Likewise, a web3 internet could be organized as a metaverse (with immersion and avatars as key features) but, again, wouldn't have to be. Hence the ideas are compatible visions for what the internet could become but are not necessarily related.

Comments

Post a Comment

Popular posts from this blog

Fossil Fuel not dead yet

-
Image
Fossil Fuel not dead yet “Old energy” will carry most of the load during the early years of the transition, as it guides “new energy” to the pinnacle of global power production. Producing an electric vehicle (EV), for example, requires about twice as much energy as producing an internal combustion engine vehicle. That’s because EVs are essentially batteries on wheels… and batteries are basically just hunks of metal. Mining and processing all of that metal demands a lot of energy. To unearth enough raw ore to produce a  single  midsize EV battery, for example, mining operators must excavate about 250 tons of terrain. After that, they must transport roughly 50 tons of ore to various facilities around the world that can extract the targeted metals and then refine them to battery-grade standards. With a few exceptions, every step of the process consumes some form of fossil fuel. Most other renewable technologies are even more energy-intensive than EVs. Therefore, far from replacing fossil
Read more

3D Printing

-
  3D Printing 3D printing saves time, Cost, and Waste while creating radically new parts.  3D printing is a form of additive manufacturing that builds objects layer-by-layer. 3D printing reduces the time between design and production, moves power to designers and reduce supply chain complexity and at a fraction of the cost of traditional manufacturing. 3D printing will revolutionise manufacturing, privacy, costs and timescales of creating a prototype. Applications include Medical Devices, Testing Devices, Training and Visualization aids, Personal Protective Equipment, Personal Accessories, Emergency Dwellings. 3D printing can be used for prototypes, molds and tools and End-Use Parts. Other 3D opportunities include Hobbies, toys and Games Semiconductors and Semiconductor equipment Die Sets, Jigs and Industrial Molds Foundries and Metal Products Footwear Plastic Products Healthcare equipment and supplies Machinery Automobiles and Auto Parts and Equipment Aerospace This is a massive game
Read more

All is flashing in 2023 for a good year

-
Image
All is flashing in 2023 for a good year The  Breakaway Momentum    indicator compares the number of advancing stocks to the number of declining stocks in the market over a 10-day period. And it’s triggered when the amount of advancing stocks outnumbers declining stocks by about 2-to-1. This is very rare and usually only happens when bear markets are ending and bull markets are starting.   The  Whaley Breadth Thrust  indicator is similar. It compares the number of advancing stocks to the number of declining stocks in the market over a five-day period. And it’s triggered when the amount of advancing stocks outnumbers declining stocks by about 3-to-1. This, too, is very rare and usually only happens when bear markets are ending and bull markets are starting.  The    Triple 70 Thrust  indicator was also triggered. This happens when the percentage of rising stocks in the market exceeds 70% for three consecutive days. This is also a rare indicator, and it also tends to mark the start of a ne
Read more