How Web 3.0 is Changing Everything and What it Means for DePocket
Introduction:
Web 3.0 is the Web of the future, where Web pages are decentralized and no longer under control by a single entity like Google or Facebook. Web 3.0 will make it possible to create Web pages without having to go through an online platform that controls what content appears on your browser screen. Moreover, Web 3.0 will allow you to bypass middlemen like banks and financial institutions when conducting transactions (e-commerce) over the Internet, which means lower transaction fees for merchants and buyers alike! [2]
How will Web 3.0 change the internet?
Web 3.0 is changing how we see the internet and everything that’s on it. Web 3.0 has a user-centric approach to design and development, meaning Web 3.0 offers a better experience for all users, as opposed to just those who have the newest devices. Web 3.0 also looks at how people use the internet in their everyday lives and adapts accordingly, making things easier for everyone! This generation will not only change how we interact with our devices but what we can do with them — Web 3.0 makes this possible by being an open web standard that enables infinite creativity through universal connectivity, interoperability, extensibility, transparency, modularity, and trustworthiness! [4]
Why is blockchain technology a staple of Web 3.0 and what does it mean for DePocket?
The DePocket Indexing Engine and its crypto dashboard have a lot in common with Web 3.0! [1]The DePocket Indexing Engine is built on multiple blockchains, which are key components for the source of trust for data on Web 3.0 The blockchain is a decentralized ledger that allows for secure and transparent transactions without the need for a third party. This makes it the perfect technology for the DePocket Dashboard, as it ensures that users can securely manage and hear about the change in their cryptocurrencies without fear of theft or loss in real time. Both the DePocket Indexing Engine and DePocket Dashboard Are perfect examples of how Web 3.0 is changing everything and paving the way for a new generation of the internet.
What Web 3.1 means for Dapps such as DePocket:
DePocket is aiming to be the data platform of web 3.0. This means that they want to enable developers to scale their dApps just like DePocket is building its own DApps, the DePocket Dashboard. DePocket has a few unique features that will make this possible.
First, DePocket is built on the blockchain. This means that it is secure and transparent. Developers can trust that their data will be safe and that DePocket will not tamper with it.
Second, DePocket is scalable. This means that developers can build their dApps on the DePocket API and be sure that they will be able to handle the traffic. DePocket has already built its own DePocket Dashboard, to show how scalable it is.
Third, the DePocket API is easy to use. Developers do not need to have any special skills or knowledge in order to use DePocket API. They simply need to get the API key and start using it.
These three factors make DePocket the perfect platform for web 3.0 applications. Developers can trust that their data will be stable and reliable, that it will be able to scale, and that it will be easy to use. DePocket is the perfect platform to build web 3.0 applications because DePocket itself is a web 3.0 component.
Conclusion:
Web 3.0 is changing everything we knew about Web 2.0 and Web 1.0. This will also change DePocket as it was conceived to support the development of Web 3.0! The new Web technology, Web3.1- the next major revision of Web standards that will support decentralized applications (DApps) that can run on any device without requiring centralized servers or data centers by leveraging blockchain technologies such as Ethereum’s smart contracts and IPFS’s distributed file systems- is very important for everyone involved with DeFi to get ready now for this new paradigm shift in technology, it has a profound impact on the industry as a whole.
Sources:
[1] https://arxiv.org/pdf/1902.04969.pdf
[2]https://www.geeksforgeeks.org/how-web-3-0-is-going-to-impact-the-digital-world/
[3]https://www.preethikasireddy.com/post/the-architecture-of-a-web-3-0-application
[4]https://thenewstack.io/web3-architecture-and-how-it-compares-to-traditional-web-apps/
[5] https://link.springer.com/chapter/10.1007/978-981-15-3376-1_5
