Ten Trends for 2020 (Part 1) – Money Times

Web 3.0 refers to the new wave of communication network technology, which promises to bring the Internet back into the hands of Internet users, using peer-to-peer technology to create web services. Protect Users (Image: Money Times)

If you want to “decentralize” Internetthere are some important parts of the infrastructure that you need to make sure they are in place.

Hardware, computing, domain registration, identity, and decentralized governance are just a few examples.

Let’s take a look at the infrastructure we’ve built so far and look at what’s to come in non-financial Web 3.0.

1. Decentralized hardware

It is not certain that the current demand for so many non-financial and “uncensored” applications is real, given the high costs associated with centralized alternatives.

Most hardware projects and markets will face major challenges to take advantage of their networks to launch economies of scale.

Yes, there are two exciting projects Heliumcreated a protocol to encourage the construction of a network of wireless Internet of Things (IoT) devices, and orchidVirtual Private Network (VPN) protocol.

Orchid is interesting in terms of cryptography because its protocols help node operators gain tokens providing broadband to users in a targeting network, for example Tor (for anonymity), and a decentralized market.

computer flash drive storage
Demand for decentralized computing and storage has weakened in the new decade (Image: Pixabay / vdovichenkod)

2. Computer / storage

along with the narrative ofusability tokensDemand for decentralized computing and storage seems dead this year.

We still believe in that narrative, even though I think it already had those expectations last year: “It’s a trend for the next five years, compared to 2019; These tokens will be key to driving the future growth of Web 3.0. “

Recently, I have gone higher with digital resource tokens. As government surveillance increased, “Airbnb”Excessive file / computing / data storage became much more fascinating than previously thought.

filecoin he launched it public test network last week, and at the beginning of Q2 this year I was expecting a lot of major network launches (at which point I will have the liquidity of my FIL tokens for 2023 or 2024).

History its production release is in the final beta phase, planned for the beginning of the year.

sia With a $ 3.50 increase in mid-May 2019, the video is being rolled out for streaming storage and has gained valuable regulatory lighting through an agreement. SEK In 2014 for Sianote’s offer.

These projects now exist, but it is unclear at what level the launch of the main network and the extent to which Filecoin token distribution will be hampered by their initial confidence in the controversial SAFT (Future Token Agreements) fundraising tool and how this will affect your future. token distributions.

If the team solves significant problems with the SEC (I hope), then Filecoin will be a pioneer in the Web 3.0 storage market. Your war reservations ICOs they give you plenty of room to get ahead and eat your opponents dust.

arweave it could be another platform to follow, having been launched at the end of last year and recently raised $ 5 million in funding from a large group investors.

information data code
Handshake is a platform that can replace the old domain registration infrastructure (Image: Pixabay / xresch)

3. Replacement of the ICANN platform

It is clear that the DNS / Certificate Authority needs to be updated in cryptography. Nothing was as close as it was buy all .org domains for $ 1 billionrako Ethos Capital.

Token Daily’s Imran Khan wonderful post how centralized and efficient the current system is last year. handshake It is still the most mentioned solution to the problem, especially among developer groups (at least in this market cycle … namecoin!).

Handshake is not yet out of the development phase, but community sentiment indicates that it will be closer to launching its main network (and massive “airdrop” tokens) in the coming months.

If it does (I hope) it will be interesting to see which sites are looking for the solution provided by Handshake. .Org domains working in technology / libertarian markets would be a good starting point.

Handshake isn’t just about racing to replace old record infrastructure.

Non-stop domainsassisted Draperyit expanded its domain market to include addresses Ethereum (using .crypto) after launching domain auction markets in October Zilliqa 2019.

Its main rival, the Ethereum Name Service (ENS), underwent a major overhaul in May, enabling it to issue domains as non-fungal tokens (NFTs) Based on Ethereum.

Most non-stop domains and ENS customers are buying domains to replace key public addresses or potential investments. But the two startups offer no more complete solution than Handshake has promised.

blockstack
Blockstack promises to be a decentralized computing network for applications that can’t be “bad” (Image: Twitter / Blockstack)

4. Blockstack

We’ll soon see if a cryptographic token survives the SEC registration process and is sustainable to promote a fully functioning network and community.

Following the path of Reg A regulations, Blockstack It allowed unqualified investors in the U.S. to acquire STX tokens, while at the same time allowing investors to sell tokens in any exchange in the country.

So what’s the plan? In the future, Blockstack believes it could be a project. “sufficiently decentralized”Would allow the token to be canceled.

Outside of the field of token issuance, Blockstack is working on something really important (now a rarity in cryptography) and is developing a new technology that gives users full control of data in applications.

Blockstack was more than just an inspiration for the new Silicon Valley story. Their marketing is also excellent.

oracle
In cryptography, “oracles” are services that send and verify occurrences to send this information to smart contracts, encouraging changes in status in the blockchain (Image: Pixabay / geralt)

5. Oracles

I’m confused chain link. What is the solution to the runaway Oracle problem? Edo #XRPArmy (Army of wave) as a follower?

technology giants, Oracle and GoogleHe announced his intention to use the Chainlink network for data sharing purposes and several major projects built on Ethereum, such as Synthetic and currentHe turned to Chainlink for reliable data feeds.

But I still don’t understand the token economy in itself. And I certainly don’t understand his net worth of $ 1.3 billion.

Outside of Chainlink, for example different DeFi protocols MakerDAO, compound and ONEIn 2019 it also introduced new oracle designs to remove the layer of confidence associated with price feeds.

Applications like financial protocols and derivatives require ultra-reliable data (of course), but all these new versions of oracles are getting smaller and smaller.

I believe that the rate of new versions will be reduced, as well as the variety of solutions, as projects merge their designs and merge into a unified oracle contract model.

MakerDAO has no reason not to include certain elements of UMA’s Data Verification Engine, e.g.

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