Migrating to WEB3 (3): What is the Appeal of WEB3?

  1. Thanks for your coming. To begin with, please give a brief self-introduction.
  1. Web 3 infrastructure provides Lego-like pillars in networking, computing, storage, security, analytics, governance, and transactions that are composable enough to enable applications to be built across multiple use cases, often beyond the possibilities of Web 2.0 world.
  2. The superiority of Web 3.0 prototypes feature in decentralization, self-sovereign identity, open, composable backends and this outperform Web 2 applications.
  3. Web 3.0-native products Arweave, insisting on decentralized storage space provides permanent storage and is not available in existing Web 2.0 world. While the price of the service offering is significantly higher, it is especially important for specific use cases that are not met by non-permanent storage, such as legal contracts, legacy artifacts, censorship-free publishing, etc. As the world moves towards traceable on-chain visibility, the utility of this service offering will grow.
  4. Currently Meson is the default gateway for AR, supporting the retrivaling and storage of a large amount of data based on the AR network every day. With the launch of new products, Meson can not only serve decentralized storage projects but also streaming media and information communication projects in the coming future. for being like a comprehensive information and communication service provider in Web3.
  1. There’s nothing mysterious about the Web3 infrastructure itself, and it’s about networking, storage, computing, security, etc. Like Amazon & Azure provide cloud services and a variety of end-user-facing applications, just like most of the Internet that we use today daily.
  2. But the big difference is that it’s a decentralized, self-governing, open architecture. For example, you don’t know who is behind the tens of thousands of ETH nodes, whether a massive mining company is running a server or a cat or a dog. As with all decentralized applications, the infrastructure requires a consensus mechanism, which makes building a decentralized technology facility much more complex than the traditional centralized data infrastructure. But that’s the price of having it, isn’t it?
  3. Likewise, Web3 truly offers the possibility of a set of digital assets that the user can truly own. But there is a price for this, the user also needs to be responsible for this Self-Own data.
  • the asset layer (wallet)
  • the transaction layer (Token, NFT, interaction address)
  • the interaction layer (the dAPP contract security of the project)
  1. Though what’s been different from the 2018 bull market was that companies are actually embracing and adopting web3 modules and comfortably adding web3 projects to their investment portfolios. We see various forms of investment made by global players like Jump Trading, Tiger global, and others.
  2. Nevertheless, I often see these talents and companies failing to grasp the full concept of web3 as to many web2 companies it’s a disadvantage to them in sharing their revenue, ownership, and up to the community. Web3 is not for everyone. For the elites of Silicon Valley and Wall Street, I think it’s crucial that they understand the concept of net benefit as the incentive mechanism and value and talent the web3 market needs vastly differs from Web2.
  1. No one can block you or deny you access to the service. For example, Twitter can censor any account or tweet, but web3 tweets would be uncensorable because control is decentralized.
  2. In web2 payment services may decide to not allow payments for certain types of work, while web3 payment apps require no personal data and can’t prevent payments.
  3. Servers for gig-economy apps could go down and affect worker income, it won’t happen in web3 since they use Ethereum, a decentralized network of 1000s of computers as their backend.
  1. For project parties, developers, and anyone else coming from a background that wants to access Web3, I think this should be a premissionless and open option, but for anyone making any choice, you should be very clear about what Web3 means; it may not be a standard answer for people from different backgrounds
  2. The development of Web3 is still in a very early stage, both in terms of infrastructure and the format of applications. Personal I believe that Anyone who believes in the future of Web3 and can contribute to this industry should be encouraged to join Web3, particularly the developers, and anyone could smell the chance to restructure some specific sectors in the Datalize Internet area.
  3. In our own case, we are also positively integrating with the traditional WEB2 security service providers, to getting them into the web3 world, to build a security DAO together.
  1. It could lower the information threshold, and allow everyone to access the best services and products, without losing their data sovereignty in the process.
  2. In another word , web3 might create a better possibility of giving a person real greater freedom.

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Bringing the Digital Wallet into the Age of Blockchain. hyperpay.tech

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