Internet is Changing and Fast – Hello Web 3.0!

All this while I wasn’t really aware we were on v2.0 of the Internet or the WWW (World Wide Web) until v3.0 came around. And while I really thought its just some protocol and/or a few standards that will have been put into place to pave the way for the new tech i.e faster transmission, better security; Web 3.0 is more than that. It’s all to do with Decentralisation of the Internet.

Up until now it’s always been a Facebook (Meta), Google (Alphabet) or Microsoft behind most of the social, work or communication apps that we use on a daily basis. However by now most of us would be aware of how these applications and companies (mis)use our data and have been selling them to third party organisations or use their ad features and content recommendation algorithms to show us and push us in a specific direction based on the sponsors requirements.

This topic is in itself a blog of its own and I will write one soon however to summarise this has also been a long standing reason to refactor, distribute and decentralise the internet.

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Crypto-economics and the Future of Blockchain Economy

Today’s society is on its way to embrace decentralised solutions for human interaction. As we can observe there is a need to develop complex models and frameworks to evaluate the issues facing contemporary societies. The study and application of crypto-economic principles will help in building and preparing the new world to adopt decentralised solutions and evolve the cryptocurrency ecosystem.

The birth of Bitcoin over a decade ago sparked a revolution in the digital world and as of 2019 the jump in the number of cryptocurrencies has been about 2x (jumping from 1,600 to 3,000 worldwide). As of late 2020, countries such as Ukraine, Venezuela and Columbia are among the few that are starting to accept crypto as legal digital currency for daily trade by introducing regulations and enabling businesses and people – it’s happening.

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