Imagine an internet that thinks, feels, and understands — one that respects your need for privacy. A Web where you can be safe while experiencing the world to the fullest of your imagination. That is just a tiny bit of what Web 3.0 has in store for everyone. Who, then, are the pioneers of this decentralized Web, packed with meaning and fun? Flux is taking the lead to be the default, reliable, decentralized infrastructure for Metaverse and Web 3.0. How? Learn more in this article.
What is Web 3.0?
Running a Google search for “Web 3.0” pops up the word semantic web, which is equally complex for everyday readers, except that most of us already know that the word semantics is about studying meaning and inferences. If we apply this to the web, semantics is about making the underlying technologies of the web more sophisticated for data interpretation.
The outcome of this will be a more useful and interactive web that predicts and satisfies users’ needs. Artificial intelligence gives machines near-human capabilities to transform functional semantics into beneficial interactions and interfaces. 3D graphics represented definitively by the most recent advances in augmented reality, extended reality, virtual reality, and IoT are already setting the pace for the most immersive experience ever on the internet.
Web 3.0 is the most connected and intelligent web the world has ever experienced.
The Defining Concepts of Web 3.0
- Cloud/edge computing
- Blockchain and decentralized networks
- Artificial intelligence
The three defining innovations in Web 3.0 are edge computing, artificial intelligence, and decentralized networks.
Cloud computing relies on data centers, resulting in latency problems that can slow down responses as data grows beyond current capacity. Edge computing is an effective response to these crucial infrastructural challenges. Edge computing involves spreading data out to give owners of this data control over it. Edge computing enables faster big data processing and analysis by executing these processes in areas closer to where the data was created.
Decentralized networks promote respect for individual privacy by allowing owners of data to sell their data while retaining ownership of it. The advantage of decentralized networks is that it makes participants honest by incentivizing them to provide quality data, which can then be used in the owners’ best interests.
Artificial intelligence can use data stored in decentralized and trustless blockchains to make pretty much everything possible on the internet. The quantity and quality of data used in Web 3.0 will be too much to be entrusted with today’s profit-seeking middleman companies. These companies control so much, but how can we be sure that they act in the best interest of the majority.
The information-gathering feature of Web 2.0 was masterminded by large tech companies, who, in turn, packaged this information and sold it to advertisers. Users were given the ability to upload their content and share important timelines and life events with others. All this came at the expense of privacy. The stewards of our data had full control and could remove or censor it at any time. These companies also used machine learning algorithms to profile their users by exploiting the personal information and behavior of their users, completely undermining user privacy.
Flux is the Global Prime-Mover of Web 3.0
Web 3.0 needs a decentralized infrastructure that meets the technological requirements of the future decentralized internet. Flux aims to deliver the most powerful, technologically advanced, and decentralized infrastructure for Web 3.0.
Here is an example of why Web 3.0 requires the specialized infrastructure that Flux delivers:
In Web 3.0, video-sharing and social media platforms are controlled by the users of the network. Developers of the application cannot control the content uploaded to these platforms. Instead, users can decide on what happens to distasteful content through a DAO (decentralized autonomous organization).
The data is also stored in a decentralized infrastructure, which is different from data centers of centralized platforms that are prone to a ‘single point of failure’ as we have seen during the recent server outage of the Facebook suite of applications. There have also been countless cases of deleted posts, breaches of user privacy, and other malicious and invasive practices by centralized actors. In this example, decentralization can serve to protect user rights and privacy as well as supply a more redundant and reliant infrastructure. Also, the prospect of community voting and governance makes secure, decentralized web infrastructure all the more important in order to secure the democratic rights of the many from the rule of the few.
With a decentralized Web 3.0 ecosystem like Flux, there are many advantages for users and developers alike:
- User data is securely stored on thousands of computers across the globe.
- Developers save time by leveraging the Flux toolkit, blockchain, and infrastructure.n
- Everyone can also become a part of the Flux ecosystem and contribute by running nodes or mining to earn rewards in the native Flux tokens.
- Applications built on Flux are dockerized, which means developers do not need to learn new programming languages just to create a decentralized solution.
- Developers can receive support and funding to build independent decentralized projects through Flux Labs grants.
- A centralized application can be dockerized and deployed on the decentralized Flux infrastructure, migrating it seamlessly onto the decentralized and immersive Web 3.0. You can think about this as moving from self-hosted data to a cloud service like AWS or Azure.
Flux makes all this possible.
Innovate on a Moving Train With Flux
Building a complete decentralized solution can get complicated. Developers may see their exact idea launched by another team if they waste valuable time building their infrastructure from scratch, let alone the amount of time it will take to audit and scale.
Flux is the perfect way to build in a lightning-paced environment of innovation. You develop your dApp and give your users the same control and autonomy from using any decentralized application. Flux is also interoperable, which means moving a project from other frameworks and networks requires just a simple dockerization to run on Flux.
You also pay minimal fees, and you can earn from running nodes on the Flux network. So unlike centralized infrastructure, where your user data is used to make money off you and your community, Flux is community-driven. The requirements for running a node are only to maintain a standard infrastructure needed for the dApps of the future. Anyone who meets these criteria can run a node, increasing participation while promoting decentralization. With Flux, organizations can get on the blockchain with less hassle.
Flux enables the following ideals of Web 3.0:
- Distribution of value back to the community, all in a trustless and efficient way.
- Developers and blockchain projects can adapt faster and keep their focus on protecting the interest of their community and the entire space.
- Control of data is kept in the hands of the community.
- Focus is shifted from individual tokens and hastily contrived ideas towards working collectively to build a trusted space.
- Attacks resulting from programming errors will be minimized since more time will be put into developing dApps.
- The best ideas will get sufficient technical and financial support to reach their full potential as an independent project.
- Decisions are made in Flux’s XDAO by the community through voting on proposals.
The Flux ecosystem is built to scale, but the parameters are in the interest of the community. During a halving, the setup cost for nodes goes down by half, allowing more people to participate while effectively doubling network resources. Doing this makes the expansion of Flux infinite while Flux gains wide adoption among developers and companies since there is less barrier to entry. The rewards for running nodes also make it a win-win for participants in the Flux ecosystem. There is no point in slowing down innovation when the future of Web 3.0 is inevitable and more important than any single blockchain or application currently in use today.
Flux is the Web 3.0 infrastructure for fast and scalable applications, and the platform’s growth attests to it. Deploy a dApp on Flux today and become a part of a truly decentralized future.
Join us, learn more.
Visit the Flux website, hosted on the Flux decentralized network. Explore the decentralized Flux ecosystem and find out what Flux has for you.
Do not miss a moment of the Flux team AMAs on the Flux Youtube channel, also check out the Ryan Matta interview with Flux co-founder Daniel Keller.
Meet with like-minded people on the Flux discord server to discuss all things Flux. We’re always on the lookout for new community members or developers.
Baggetta, M. (2019, March 11). What is Web 3.0? The Evolution of the Internet. Blockgeeks. blockgeeks.com/guides/web-3–0/
Duffy, C. (2021, October 5). After a bad day, Facebook suffers major outage. www.cnn.com/2021/10/04/tech/facebook-instagram-whatsapp-outage/index.html
Simplilearn. (2017, December 19). Dockerizing An Application | Docker Tutorial For Beginners | DevOps Tutorial Video | Simplilearn [Video]. YouTube. https://www.youtube.com/watch?v=rNsQGvt9v4k
Whiteboard Crypto. (2021, October 26). What is Web 3.0? (Explained with Animations) [Video]. YouTube. https://www.youtube.com/watch?v=nHhAEkG1y2U
(n.d.). Flux -. Decentralized Cloud Infrastructure. www.runonflux.io/index.html
(2019, December 31). What Is Web 3.0 & Why It Matters? Medium. medium.com/fabric-ventures/what-is-web-3–0-why-it-matters-934eb07f3d2b
(2021, October 20). Bigger Web 3.0! Thirty new Dapps are coming to Flux. Medium.fluxofficial.medium.com/bigger-web-3–0-thirty-new-dapps-are-coming-to-flux-207acd215390
(n.d.). What Is Cloud Computing? A Beginners Guide |. Microsoft Azure. azure.microsoft.com/en-us/overview/what-is-cloud-computing/