Web 3.0 is the New Wave
Web 3.0 is the New Wave
Metaverse Blockchain Token Crypto Gaming Porn/Sex Industries
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This week, in less than 5 minutes, we'll cover these topics :
What is the New Wave ? 👉 Next BIG THING …
Blockchain 👉 Technological Sovereignty
How blockchain applies to currency ? 👉 Bitcoin, Ethereum, Akon coin
Let’s get started !
1. What is the New Wave ?
1st, 2nd,... 5th wave the Pandemic and the technological developments of recent years are confusing. Our economies and societies are going through unprecedented upheaval, many of your friends and family will be fighting to keep things the same. They will wish for things to return to "normal". They will hope that the waves of tomorrow resemble those of yesterday. As Fat Joe says "yesterday's price is not today's price".
I announce to you that this war is lost in advance. Your job is to watch the different tsunamis coming straight at you (our generation) and learn to surf.
I still remember a time when I was delighted to receive an e-mail.
The feeling of sitting in front of my father's Toshiba PC, loading the latest version of AOL and connecting to the first Internet (World Wide Web) made me happy.
It was Web 1.0.
The promise of the internet was simple back then: connection. Never before has it been possible to instantly communicate with people around the world, share information and befriend so many different people outside of your immediate vicinity.
At that time, online commerce was almost nil. People were skeptical if this thing was even going to last.
1.0 websites were static, with a few images if you were lucky.
When online video arrived, it was revolutionary.
Web 1.0 was decidedly “decentralized”. In the spirit of the hippies of the 70s, it was a place where individual creators could express themselves and collaborate. The main mode of instant communication was discussion forums organized by topic. No one knew what they were doing. We were all just happy to be there.
Back then, data privacy wasn't an issue because most people didn't use their "real" name online and we didn't exchange a lot of sensitive information. INTERNET rhymed with freedom and utopia.
In the early 2000s, things started to change. The network begins to become mainstream.
The average person started to spend a lot more time online as essential services migrated to the digital world. Paying bills, shopping, reading the news and being entertained have become the main purpose of the Internet.
It was a natural progression. This evolution in Internet usage is closely linked to the continued innovation of the mobile phone and the music industry. What was once a brick attached to a cord in the car has become lightweight and portable. It is promoted in the series as saved by the bell with Zack Morris the main actor. This is the reign of small flip phones after beepers.
Then, the connected smartphone arrives the mobile applications.
Web 2.0 has arrived.
In the mid-2000s, it was a second evolution. The most important feature of this era was the shift from the desktop to the mobile phone. And more importantly, from a highly decentralized landscape to a major centralization of the internet experience.
The internet bubble has grown huge and burst. The survivors were a few companies ready to take over the web giving the world so much value that it doesn't have to look anywhere else for its internet solution.
These 4 big companies spell the acronym “GAFA”.
Google
Amazon
Facebook
Apple
That's 4 companies will shape the next 20 years of Internet history will play out. Almost every internet experience is impacted by one of these 4 major players.
The contributions these companies have made to the world are unquestionable, but we have to wonder at what point does their loving embrace become an overwhelming grip.
Our societies are questioning their models and the influence they have on the world. Added to this is the etiquette...
We must reinvent the Internet in another form, WEB 3.0
Web 3.0 promises a return to the decentralized ideal of the early days of the Internet with speed, anonymity and data security at the forefront of an entirely new experience.
This will come in many forms, one of the most significant being the advent of blockchain technology in many industries (Finance, Real estate, Art, Public service, Music…).
2. The Blockchain revolution
Définition Wikipedia click here
Blockchain is a technology that allows information to be stored and transmitted transparently, securely and without a central control body. It looks like a large database that contains the history of all exchanges between its users since its creation. The blockchain can be used in three ways: for the transfer of assets (currency, securities, shares, etc.), for better traceability of assets and products and for automatically executing contracts (“smart contracts”).
The great particularity of the blockchain is its decentralized architecture, that is to say that it is not hosted by a single server but by a part of the users. There is no intermediary so that everyone can verify the validity of the chain themselves. The information contained in the blocks (transactions, title deeds, contracts, etc.) is protected by cryptographic processes which prevent users from modifying them afterwards.
There are two types of public and private blockchains.
A public blockchain is open to everyone and is like a public ledger, anonymous and cannot be tampered with. Everyone is therefore able to consult it freely and free of charge. It is possible to add content, but it is not possible to delete or destroy the channel.
A private blockchain remains much more confidential, being only accessible by authorized persons.
The three pillars of blockchain technology are :
Decentralization
Immutability
Transparency
3. How to apply blockchain currency ?
We’ve seen the separation of church and state.
We’re seeing the separation of money and state.
Definition a cryptocurrency.
It is an asset that is traded peer-to-peer (P2P) without trusted third parties such as banks. They have no physical medium such as coins or banknotes, are not regulated by a central body and are not indexed to the dollar or gold, for example. These new electronic currencies use blockchain (ledger) technology to transfer ownership of cryptos between their different owners. These cryptocurrencies are therefore only sequences of numbers whose ownership is transferred from one person to another. It is now possible, thanks to cryptos and the blockchain, to transfer value on the internet!
The Philosophy of Crypto
The main objective of the new crypto-currencies is to solve the problems of the previous ones and/or to respond to the new challenges of our societies. We can, for example, cite Litecoin, which aims to make money transfers faster than with Bitcoin. Ethereum, which specializes in the development of smart contracts, or decentralized applications... Today it is the reference crypto in the NFT sector. Other cryptos such as Akon Coin will be the city's official currency (+ 6 billion dollars of investment) which is being built in Senegal by the rapper Akoin.
The most famous cryptocurrency is bitcoin (BTC)
Bitcoin created in 2009 by a person or a group of people, under the pseudonym of Satoshi Nakamoto, Bitcoin is currently the best known cryptocurrency. Bitcoin will go up in value but if it goes down sometimes. You should know that each year, production is reduced by half. In all, the creation of 21 million Bitcoins had been planned as early as 2009. However, this decrease in the production of led, at least between 2012 and 2016, to a drastic increase in its value, also called halving.
Ethereum (ETH) is the second most popular cryptocurrency after Bitcoin. Created in July 30, 2015, Ethereum is a decentralized exchange protocol. Thanks to this system, users will be able to set up pre-established contracts, called “smart contracts”. In particular, thanks to Ethereum a user can establish a future contract stipulating that he will buy something only when certain conditions are met, and this, without going through a notary, therefore, without paying additional costs. From 2020 to 2021, Ethereum has greatly increased with the popularization of platforms dedicated to NFT.
Here are the 2 platforms I use to buy crypto (this is not advice and still a recommendation).
I will make another article for you on how to choose these cryptos and these platforms according to your budget and your level of knowledge. Crypto currencies remain a very volatile asset that carries the risk of capital loss.