Sorry to get a bit off track:
So is web3 just “ blockchain related things “ ?
I feel like web3 as a term usage has exploded to the point that I’m not sure what people are talking about when they say “web3”.
So is web3 just “ blockchain related things “ ?
I feel like web3 as a term usage has exploded to the point that I’m not sure what people are talking about when they say “web3”.
There are several massive hurdles to overcome that non-technical people gloss over or flat out don't understand. Even if you store all the data in a distributed database, store all static files in distributed file systems, a single user would still need a single point of entry to access this network. It seems like a centralized DNS like system would still be needed.
Even if there were multiple providers of this DNS like service, it would put the onus on the user to figure it out. This has never historically worked well for the average user. Also, internet access itself is still typically controlled by a few providers given a users area.
The reality is web3 and crypto is putting too much responsibility on the user. Everyone uses gmail and google because its easy and effective and no one cares its centralized. iPhones are popular because they are easy and the average user doesn't care that Apple controls the ecosystem.
- Filecoin & AR Weave: decentralized file storage. Spend tokens to store files, earn tokens by storing others' files.
- ENS (Ethereum Name Service): DNS-like system for addresses.
- Smart Contracts of various sorts (e.g. Ethereum): Similar to perpetual AWS lambda functions. Spend tokens to publish & call functions; earn tokens by executing functions.
The blockchain aspect is merely a way to have verifiable incentives without explicit trust between actors.
I don’t know if you meant “compose” or “compost”, but it works both ways.
But yes, blockchain.