dWeb Guide Newsletter #09

August 2021


Blockchain: the backbone of the decentralised Web


Satoshi Nakamoto's famous white paper emerged in 2008 but it was about more than just Bitcoin. The world's first major cryptocurrency is based on the blockchain. The decentralised database of bitcoin brought with it the opportunity of using blockchain as the basis of Web 3.0 - a fully decentralised network.


If blockchain can decentralise finance, what can it do in other areas? Now that apps and other digital operations can be decentralised, we may soon see the whole internet approaching that ultimate goal. One barrier is the ability to make the blockchain ecosystem more interconnected; being able to move data from one blockchain to another. Another issue is continued data privacy and also the fact that the blockchain is immutable - you cannot easily change or delete data that has been added to it.


There are people working on all these issues of course and we believe the solutions to these will see the decentralised web take over. We are looking to shift the power balance in the users' favour. Getting widespread blockchain adoption will be a major part of this.




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