Using Decentralized Technology to Address Centralization Problems. Blockchain technology is a fundamental pillar that will unavoidably support the future of both our digital and virtual worlds in a centralized society.
The blockchain has a wide range of potential uses outside of digital currency, but recent crypto scandals (Luna, FTX) have cast a shadow over this market's development. However, everyone is aware that these scandals ultimately share a common factor: centralization. a technology that is the antithesis of blockchain.
Remember that the fundamental innovation of blockchain is the decentralization of trust, which helps to eliminate middlemen, distribute power, and lessen complete reliance on authority.
The blockchain enables the creation of a permanent record of transparent transactions that can be quickly verified and updated, much like a database.
Imagine it as a line of dominoes; once established, it is virtually impossible to commit fraud or tampering because changing the records in any given block would require changing all preceding blocks as well.
Centralization follows decentralization.
Every node on the network would connect to every other node in the internet's original decentralized architecture. As a result, even if one node failed, the network as a whole could still operate.
Open-source implementations of the original protocols like IP, HTTP, FTP, SMTP, and XMPP enable anyone to host servers, share files, operate websites, and offer email services.
The internet was initially intended to be decentralized and distributed, but as time went on, it became more centralized.
Fewer nodes made networks easier to organize and manage, which led to the current situation where most of the internet's resources are provided by centralized corporations.
As a result, there was bound to be a problem because if one part of the network fails, it can affect the entire system. AWS's (Amazon Web Services) outage in February 2019 is one instance of this.
Sites like Netflix and Slack were impacted, as well as numerous smaller businesses who depend on AWS for their cloud computing requirements, by the single point of failure (SPOF) outage.
One of the main issues with a centralized framework is highlighted by the fact that while services like Facebook and Google have grown to be indispensable to millions of users, they are frequently targets of numerous attacks. This emphasizes the necessity of a decentralized framework for the future of the internet.
Issues with Excessive Centralization
Many people might mistakenly link democracy and decentralization; in reality, modern democracies are more centralized than they appear to be.
Concepts are boiled down to black and white, good and bad, but reality is hazy, full of uncertainty and gray areas.
Over-centralization, which occurs when power is repeatedly concentrated among a small number of people, is inherently bad. Eventually, this will cause the system to collapse.
fundamentally leading to a dysfunctional system. Both over-centralization and over-decentralization have problems, and blockchain technology acts as a middle ground between these two extremes.
There is no denying the drawbacks of a centralized internet, including issues with personal data control, access to social media content, and SPOF outages.
Many issues can be resolved if a balance is found between what we currently experience and a more decentralized framework.
Will crypto contribute to the internet's re-decentralization?
Many of the online services available today have both a free plan and a paid plan, acting as a double-edged sword. The free plan is obviously more appealing, but people are actually paying for this 'free' service by giving these businesses a ton of personal information. Before realizing it, we have transformed into the product thanks to our data.
Their services will be paid for, either directly through payments to a company or inadvertently through our data and advertisements. This is not breaking news; it is obvious that businesses require payment in exchange for their services. However, everything in the capitalist system that currently governs the world revolves around money.
Regarding this, decentralized services would be unable to compete in terms of scale, efficiency, and traction without decentralized money transfer.
Creating an internet of value is one of the first functions of blockchain technology. Cryptocurrencies will undoubtedly play a significant part in the development of the internet as we currently know it.
What steps does DeepSquare take to support this vision?
The Internet's decentralization is a sizable undertaking. Storj and Filecoin are just a couple of the amazing initiatives working to make this a reality.
To enable high-performance computing in this world, DeepSquare is building the first sustainable, decentralized cloud ecosystem.
As a non-profit with a strong focus on transparency, fair pricing, sustainability, and of course, a cloud ecosystem that can also support Web applications and Web 3.0 dApps, we can expect DeepSquare to be a major player in the mainstream adoption of this new infrastructure. It will be powered by a blockchain-revolutionary digital ecosystem that is sure to take the world by storm.
There are many problems in a world where centralization has crept into many facets of life, particularly with regard to the internet.
DeepSquare is resolving these problems in a decentralized manner using blockchain technology. All industries, from healthcare to real estate, will be significantly impacted by this.
Decentralization is crucial for high-performance cloud computing, which is beyond question.
DeepSquare has all the tools necessary to address the problems with the current centralized internet, advancing both our digital and virtual worlds to the point where, in contrast to the centralized monolithic giants, a much more vibrant ecosystem will be produced.