In this article, you will learn what is the decentralized internet. The internet of the future is still unwritten. There are warning signs it's driving towards further centralization, and flickers of hope that a new wave of decentralization is about to take hold. Decentralized Internet, on the other hand, gives users a choice to enjoy the same services, decentralized and not creepy.
What is the Decentralized Internet?
Decentralized Internet or DWeb is like the internet that does not rely on servers to work. A decentralized web relies on a peer-to-peer network of interconnected devices that would host the internet, not a group of servers owned by big companies.
It promises a high level of privacy and control over the data that is available on the internet. On the decentralized version, it would be harder for the government and companies to block a website or display the ads on our browsers.
How Does Decentralized Internet Work?
In the decentralized internet, each web page would be spread out across millions of nodes on different devices. Your computers and mobile phones would not only request for the services but provide them. Moreover, it will also allow the information to be shared among devices in numerous ways rather than using servers for exchanging information. Nobody would be able to track your information, and thus the power would always remain in the hands of the users.
What Are the Advantages of Decentralized Internet?
- Own your own data
On a decentralized internet, you won't need to trust Big Data companies (who make money from monetizing your data) to store your data. Ironically enough, former Twitter CEO Jack Dorsey is trying to rebrand the decentralized internet (web 3.0) to web5 in an effort to disguise the fact that he used to run one of these Big Data companies. You can and will store data yourself. You can and will store it yourself. Blockchain-based decentralized storage solutions such as Elastos' Hive, empower you to keep the keys to your data, just as you do for your cryptocurrencies.
- Data security
It would take an enormous amount of power to bring down a distributed network. As mentioned earlier, each node in the network would need to be attacked separately. As each node only carries a fragment of the data, in order to steal somebody's personal data, they'd need to bring down the entire network.
- Expansion
In terms of business, decentralization facilitates diversification. Basically, if the decision-making authority is divided, then it becomes easier to branch into other areas and diversify as a business into different product lines.
- Motivation
In an organization, people want their voices to be heard. If they are able to make decisions within their own area of specialization, this can be an incentive even greater than money. It motivates people to work harder because they have more decision-making responsibility .
Bottom Line
The Decentralized Internet will transform us from the surveillance and advertising monetization capitalism of Web 2.0 to a protocol-embedded monetization capitalism that can be used equally for every directly connected user. This article explains about what is the decentralized internet.
