Beating Big Tech’s Creeping Censorship

fiverr
Beating Big Tech’s Creeping Censorship
Binance


Decentralized computing power is required. Currently, major centralized public cloud providers operate oligopolies, making them prime targets for censorship and surveillance, said Dr. Max Li, CEO of Computecoin and adjunct professor at Columbia University.

The digital world is constantly evolving, with new technologies and applications emerging every day. One of the most important trends is the rise of Web3 – a decentralized peer-to-peer network that allows users to interact directly with each other without intermediaries.

The growing popularity of cryptocurrencies and blockchain technology has driven this shift away from centralized services. Cryptocurrencies are digital assets that use cryptography to secure their transactions and control the creation of new units. Blockchain is a distributed database that allows transparent and secure record keeping.

The Web3 project builds on these technologies to support decentralized applications ranging from social networking and gaming platforms to marketplaces and financial services.

Binance

Currently, most Web3 projects are powered by centralized infrastructure providers such as Amazon Web Services (AWS) or Microsoft Azure, which goes against the decentralized spirit of Web3. Additionally, these providers are not suitable for supporting Web3 applications due to high cost, inefficiency, and lack of support for crypto-native developers and teams.

Web3 is needed to solve problems that Web2 cannot: lack of trust, high costs, inefficient middlemen, and security holes. Despite these benefits, Web3 applications are rarely used due to their complexity and lack of development tools.

What Web3 Projects Need from Infrastructure Providers

To be successful, Web3 projects need access to reliable, scalable, and cost-effective infrastructure. In Metaverse, for example, there are some demanding functions that have to be performed in order for things to run smoothly. These include rendering 3D graphics, streaming media, data coordination and synchronization, artificial intelligence (AI) and machine learning (ML), and more. A good computing infrastructure is essential to meet these challenges.

Additionally, it is important that this infrastructure be as decentralized as possible to avoid a single point of failure. Traditional Web2 companies such as Fortnite use the centralized infrastructure provided by AWS. Likewise, Mesh, Microsoft’s upcoming Metaverse platform, will run on Azure. While these providers are able to provide the necessary computing power for these applications, they also have a number of drawbacks.

Decentralized Computing vs. Centralized Cloud

On the one hand, centralized clouds are getting more expensive. First, the major public cloud providers operate oligopolies, which allow them to keep prices high. Second, infrastructure and labor costs are rising as these providers expand their data centers and hire more employees. Finally, the growing popularity of public cloud means that demand is in short supply and prices are rising accordingly. The pandemic-driven work-from-home trend has only exacerbated the problem.

The centralized nature of centralized clouds also makes them a prime target for censorship and surveillance. In some counties, for example, the government has tight control over what can be accessed on the internet and is increasingly using cloud services to monitor and track its citizens.

Additionally, latency issues associated with centralized clouds can be a major problem for Web3 applications. The farther the user is from the data center, the longer it takes for information to travel back and forth, which can lead to a sub-optimal user experience.

Finally, a centralized cloud is simply not as resilient as a decentralized infrastructure. If one node fails, the entire system is affected. This was evident in AWS’s recent series of outages, which brought down a number of popular websites and services.

As a result, many Web3 projects are looking for alternative infrastructure providers that better suit their needs. Potential solutions include IPFS and Filecoin, which provide decentralized storage solutions, and Computecoin, AWS’ web3 version for decentralized computing and storage solutions, but there are not many options.

The Importance of Serverless Clouds

One of the biggest trends in infrastructure is the rise of serverless computing. Serverless computing is a cloud-based computing model that allows developers to write code without worrying about configuring or managing servers.

This trend is especially important for Web3 applications because it allows developers to focus on building their applications rather than worrying about the underlying infrastructure. Additionally, serverless computing is often more cost-effective than traditional alternatives because it only charges for the resources actually used, rather than a flat monthly fee.

Decentralized providers are naturally well suited to offer serverless computing solutions because they are already distributed and do not require centralized servers. For example, Computecoin provides a serverless cloud platform that can be used to deploy and run Web3 applications.

Decentralized Computing: How It Works and Why It Matters

Decentralized computing networks are a new type of computing infrastructure that has the potential to revolutionize the way we think about and use computing resources.

With decentralized computing, there is no need for a central authority to manage and allocate resources. Instead, resources are aggregated and optimized by the network itself, resulting in more efficient and cost-effective use of resources.

Web 3.0 applications no longer need to build their own on-premises data centers or use public cloud providers such as AWS, and now have access to vast pools of computing resources spread across the globe.

This has many benefits for both developers and users of decentralized applications. For developers, it lowers the barrier to entry and makes it easier to launch new applications. For users, it provides more choice and flexibility in how they use the app.

Decentralized computing possibilities

Decentralized computing also has the potential to improve application performance by reducing latency and increasing throughput. This is because a decentralized computing network can aggregate resources from around the world, providing a more geographically diverse infrastructure than traditional data centers. Additionally, decentralized computing can help reduce costs by leveraging unused or underutilized resources, such as idle computers or excess capacity.

Decentralized computing is important because it has the potential to democratize access to computing resources and enable a new class of applications not possible with traditional infrastructure. Consider the Metaverse gaming platform, which requires low latency, high performance computing, and high throughput to function properly. Decentralized computing can provide the necessary resources to power such applications without the need for a central authority.

In conclusion, decentralized computing is a new type of computing infrastructure that has the potential to change the way we think about and use computing resources. It is more efficient, cost-effective, and scalable than traditional infrastructure, and can enable new types of applications that traditional infrastructure cannot.

About the author

Dr. Max Li is the founder and CEO of Computecoin, co-founder of Nakamoto & Turing Labs (N&T Labs) and managing partner of New York-based VC Aves Lair. He is also an adjunct professor at Columbia University (New York City).

Have something to say about decentralized computing power or anything else? Write to us or join the discussion on our Telegram channel. You can also follow us on Tik Tok, Facebook or Twitter.

Disclaimer

All information contained on our website is published in good faith and for general information purposes only. Any action taken by readers with respect to the information on our site is entirely at their own risk.

Bybit

Be the first to comment

Leave a Reply

Your email address will not be published.


*