Web 3.0 Decentralization crypto defi ethereum bitcoin

Crackdown on free expression or decentralization: Where will the web go from here?

By reevofev | reevofev | 10 Feb 2021


Donald Trump’s legal team submitted their rebuttal to the Senate today laying out the groundwork for their defense, with a section brushing on the utter unsettling malice… or justice — whichever reality you exist in it really doesn’t matter at this point — of the Democrat’s rapid fire impeachment trial 2.0 decree.

Following the disaster of the 2020 elections, we witnessed the targeted and streamlined top to bottom purge of hundreds of dissenting Twitter accounts, most of whom voted for Donald Trump.

This was only the warmup.

For the Big Tech companies subsequently and terrifyingly easily cornered the market on free speech with their malevolence (again coordinated and streamlined). Apple and Google removing Parler from their app stores, and Amazon Web Services cancelling their hosting services was a loud and definitive statement.

It’s sat strangely with me and I’m sure even some of you, no matter what side of the aisle you’re on. The raw power these men possess should scare all of us.

This isn't a Political Piece

   

If you’ve read up to this point, you’re probably one of two people:

Either you hate me right now for some reason or you think I’m kinda making some sense. It doesn’t matter to me, because that’s not why I wrote this article.

I’m here to talk about cryptocurrency and Web 3.0.

Satoshi Nakamoto presented Bitcoin to the world in 2009, and as such the possibilities of decentralized finance, or Defi, were suddenly plunged into the spotlight.

Cryptographic hashing — which is essentially a virtual timestamp that can’t be manipulated — completely turned our perception of currency on it’s head. There is no longer a need for a 3rd party middleman with crypto.

But it doesn’t stop there. The applications and projects some of these developers have launched are now changing the ways we look at everything.

Ethereum was the one of the first real alternatives to BTC with it’s fluid and versatile block-chain spawning thousands of ERC-20 tokens in it’s wake. Uniswap and Sushiswap, the two leading Defi swap exchanges, were built on the Ethereum network.

Chainlink has developed specific block-chain contracts called oracles, that are bridging the gap between on-chain and off-chain data. For example, companies like the Accord Project and Celer are an assortment of lawyers, engineers, and PhD’s that are connecting real world data like bank accounts and ecommerce to on-chain applications.

All of this is leading to what many intelligent people in the industry are calling Web 3.0.

Web 1.0 is considered the infancy of the internet. It’s dubbed the “read-only” web by Berners-Lee, meaning you can search for information and read it. Web 2.0 is the current iteration and allows us to effortlessly express ourselves and interact with others, only it’s kind of starting feel a bit crowded.

Web 3.0 presents us with a golden opportunity to decentralize the internet, putting the power back in the hands of the people. To transact with anyone in the world and not have to pay your bank just to be able to spend your money.

That’s the world I want to live in and strive towards. Technology is advancing at an exponential rate and the inventions in 20 years would be unfathomable today.

Web 3.0 and what it represents give’s me hope, and if you’ve made it this far I have hope not only for you, but the future of this beautiful Earth we all share.

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reevofev
reevofev

Budding crypto investor looking to build my portfolio


reevofev
reevofev

gone insane on crypto

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