The decentralized internet is bigger than decentralized money

When people think about decentralization and blockchain technology, cryptocurrencies and digital money transfers are some of the first things that come to mind. However, there is much more to a decentralized internet.

The decentralized web, in its ideal form, is a peer-to-peer distributed web with no central servers. Instead, users on the decentralized network will act as nodes with their computers, providing computing power and storage space. Due to the distributed nature of a decentralized internet, it will be very difficult to attack or take down websites as there is no central point of failure. Additionally, hackers will have a hard time breaking into your system as decentralized protocols require you to implement a sparse network of secure servers.

Decentralized networks are useful for more than just data security. Another goal is to ensure that a user has total control over the information they provide. Given the current state of the Internet, the fact that user data is concentrated in the hands of a select few increases the likelihood of a data breach. This also makes it easy for the government to monitor and regulate certain activities. Big companies have access to sensitive user data stored on their servers, and this data includes browser history, emails, phone numbers, location data, and more. In many cases, this data is sold to other companies for marketing purposes, with browsing preferences sold primarily to improve advertising.

However, personal data such as email addresses and telephone numbers are sometimes sold to other companies. One of the reasons users receive spam emails and text messages is due to signing up for a platform or service and not reading the terms and conditions. Some platforms state in their terms and conditions that they will transmit user data, including email addresses and phone numbers.

Many organizations’ business plans rely on collecting personally identifiable information about their customers and then using that data for ad targeting, which creates privacy concerns. Individuals using a decentralized network are more likely to avoid storing their data in the data centers of large technology companies. Additionally, users of this rapidly expanding ecosystem have complete insight into what is being done with their data and where it is stored.

Also, since the network is open source, users of a decentralized network would be able to report problems, implement solutions, and create new tools that benefit the network as a whole. This would be beneficial to everyone. The biggest and most important contrast between centralized technical platforms and decentralized computer networks is the way control is done. If something goes wrong, data uploaded and exchanged on centralized platforms have no choice but to pass through the enterprise’s data centers. This creates a potential point of failure.

As mentioned above, decentralized networks don’t have a single point of failure as the nodes powering the network are spread across a network of people around the world, each adding storage capacity to the system. As a result, decentralized networks are more secure and network durability is improved as the number of possible points of failure has been reduced. Each node would have to shut down for the network to become unworkable. If one of these participants is compromised, the other participants can fill the gaps left by the affected node.

Conclusion

The decentralized web is much more than peer-to-peer money. Decentralized, uncensored, privacy-focused websites and platforms will form the new web.

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