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Many have come to believe that an open, trustless blockchain platform like Ethereum is perfectly suited to serve as the shared “back end” to a decentralized, secure internet - Web 3.0. An internet where core services like DNS and digital identity are decentralized, and where individuals can engage in economic interactions with each other.
Web 3.0 might be termed There are four components to the "post-Snowden" web.Web: static content publication, dynamic messages, trustless transactions and an integrated user-interface.
- First is a decentralised, encrypted information publication system. Basically, it takes a short intrinsic address of some information (a hash, if we're being technical) and return, after some time, the information itself.
The second portion is an identity-based pseudonymous low-level messaging system. This is used for communicating between people on the network. It allows peers to communicate, update and self-organise in real-time, publishing information whose precedence does not need to be intrinsically trusted or later referred. In the traditional Web, this is much of the information that travels over HTTP in Ajax style implementations.
The third portion is the consensus engine. Bitcoin introduced many of us to the idea of a consensus-based application. A consensus engine is a means of agreeing some rules of interaction, in the knowledge that future interactions will automatically and irrevocably result in the enforcement exactly as specified. Consensus engines will be used for all trustful publication and alteration of information.
- The fourth is the technology that brings this all together; the "browser" and user interface
Ethereum vs Bitcoin
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See also
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