Are we lastly on the verge of upgrading our web infrastructure to its long-awaited subsequent era, referred to as Web 3.0? The first model of the Internet consisted of read-only, static web sites, whereas Web 2.0 launched the chance to interact with, and create content material, enabling actions similar to social networking, on-line banking and procuring. But it has severe flaws round safety, privateness, and censorship. On prime of that, the dominance of tech giants has solely contributed to the additional exploitation of customers.
Web 3.0 is altering this by defining new requirements for the Internet utilizing blockchain know-how. And whereas many “web3” tasks are nonetheless critically counting on centralized providers, similar to centralized domains, cloud storage, and browser extensions (deserving to be known as Web 2.5 as an alternative), there may be one startup, Point Labs, which is pushing for a radical decentralization of all most important web elements, lastly coming near fulfilling the whole definition of an actual Web 3.0.
What is Point Network?
Point Network is a software program suite, consisting of blockchain-based peer-to-peer community Point Chain, a regionally working node known as Point Core, and a decentralized browser known as Point Browser, offering all that’s wanted to benefit from the full Web 3.0 expertise. Instead of centralized domains, that may be taken away by ICANN and the U.S. authorities at any second, it options decentralized domains, residing on the blockchain. Instead of counting on cloud storage, every part on this new web has to return solely from Arweave, which is a decentralized storage community, thus offering information integrity and censorship resistance for web sites and dApps. Powering this economically is POINT, a utility token designed primarily for micropayments to storage suppliers and validators for the utilization of the decentralized web.
In the present crypto-sphere, customers are pressured to take care of an absence of requirements, configuring and sustaining a patchwork of numerous blockchains and dApps, every with its implementation of frequent components. Standards like ERC-20 and Metamask API have helped a little bit; nonetheless, Point Network goals to unravel all of those challenges utilizing a particular Web 3.0 browser known as Point Browser, and a regionally working node software program Point Core.
As a outcome, a web3 consumer solely has to log in to Point Browser with one seed phrase to instantly be allowed to entry decentralized web sites and dApps on Point, Ethereum, Solana and different chains, and even ship Bitcoin and Bitcoin Lightning transactions.
Creating More Opportunities
Once the primary infrastructure for an actual Web3 is created and operational (and the corporate have already launched a public alpha with a rising userbase), it opens up a world of prospects for web3 dApps. For occasion, when the Point Labs lately launched their roadmap (which, in contrast to different crypto tasks, will not be merely just a few factors on a timeline, however a complete Trello-shaped web site), it grew to become clear that they’re engaged on Point Social, a decentralized censorship-resistant social community with clear algorithms, and Point Mail, end-to-end encrypted decentralized electronic mail service purported to surpass Protonmail by way of privateness.
However, it additionally turns into clear that one group, irrespective of the funding and the recognition, wouldn’t be capable to shortly construct the entire decentralized successors of Youtube, Reddit, Github, Google Drive, and so forth. This is why, as an alternative of attempting to take all of the Web3 pie items for themselves, Point Labs could be elevating one final personal mega-round in May earlier than the general public launch, which may assist fund and assist with grants a number of startups in parallel, constructing the required Web3 apps on Point. This signifies that that is the prime time for the following Steve Jobses, Larrys and Sergeys, and Jack Mas to assert a stake within the terra-incognita of Web3.
How quickly can we get pleasure from actual Web3?
Recreating the web from scratch with enforced decentralization on each stage is not any small feat and requires loads of analysis, engineering and testing. There is already a public alpha of Point Network, with which anybody wishing to turn into an early adopter can discover the community and a Telegram group the place they’ll enroll as an alpha tester to get some USDC for offering suggestions.
Point Network remains to be in its early days and hasn’t but morphed into its last kind, similar to the web of the 90s couldn’t have presumably ready us for the unimaginable prospects which might come many years later. However, that is sufficient for curious minds to get a style of what an actual Web3 might be like, and participate in molding its early historical past, by sharing suggestions and discussing concepts throughout the neighborhood, contributing to Web3 changing into a profitable actuality sooner.
