We live in a data-driven society that is constantly expanding beyond its means to support the vast amount of newly connected devices, services, and information. By which a new architecture must be introduced to bring together a community of people who can contribute to this significant expansion.
If we look at the current internet’s architecture, all the data and information is stored and controlled by a handful of large corporations. Their capacity to accommodate this fast-growing world is also under pressure, meaning many bits of information and data will be lost.
To combat this, we must adapt to a new way of data collection and storing that also protects a user’s data in a way that companies have been unsuccessful in. The next internet commonly referred to as web 3.0, maybe the necessary solution needed to fulfill these points.
The sheer mass of connected devices today is staggering, and the majority of these devices have some type of storage & internet capability, which means billions of devices could become independent storage centers that can act as micro server centers hosting numerous of people’s information, data, and applications in a decentralized/distributed network.
However, the current [blockchain] industry has not evolved far enough for this to be a reality, but, in the future, this is the ideal place we want to get to in order to take back complete ownership over our data. There are multiple blockchain projects working on this, but NetFlowCoin’s technology is, more than likely, the most advanced.
With the rise of web 3.0, many people misunderstand what actually needs to be done for it to become a massively adopted industry, and that’s the foundation. Yes, transactions can already be made via the Bitcoin network, completely decentralized, but web 3.0 is not there yet.
If we compare web 3.0 to web 2.0, the difference that many people are discussing is that all of a user’s data is owned by them and no one else, meaning your personal data will not be seen or collected by any intermediaries.
In comparison, web 2.0 is a collection of data & information stored on centralized servers; for users to gain access to that information, we must submit a request via a protocol that grants us access. This is the very basics of the internet we see today.
If we are to achieve a web 3.0 alternative, then there must be an abundance of accessible data and a protocol to connect us to it, but with the added feature that all the information being accessed is decentralized and completely peer-to-peer, something that only a handful of people in the world can develop.
This is where NetFlowCoin’s network becomes very interesting, as the NetFlowCoin ecosystem has been designed to facilitate this next generational internet emulating all the key features discussed above.
Within the NetFlowCoin network, users will have the freedom to share, store, stream, and communicate with zero restrictions or breaches of privacy by third-party intermediaries. In addition, whether someone is a user, developer, investor, or miner, they’ll be incentivized by the network, creating a closed-loop economic digital structure that numerous projects have failed to do.