Blockchain is referred to as the Distributed World Computer. It enables a concept called Web 3, that promises to transform the entire internet, this time from the ground up. This single-use case by itself makes Blockchain one of the most important inventions of this century.
Ruma, you have gift of explaining difficult concepts in such a concise and easy-to-follow manner! I think that large companies still have a stronghold on the market with web 2 because these are apps and websites that we grew up using & trusting, and sometimes with no reliable alternatives. However, with the development of new platforms that fairly pay contributors, creators, and users, I think we'll slowly start to see a shift to more widespread adoption of web 3. Even now, I think a lot of people don't realize that with the Facebooks and Googles of the world, WE are the product, and they generate billions using our data and insights. I'm hoping that all the buzz that crypto is generating nationally, will have people digging deeper to these problems.
My big fear with the rise in popularity of crypto as an investment vehicle is that a lot of new investors who FOMOed into coins as a way to make a quick buck may not be able to handle the erratic swings of the market (or a bear market) and exit with a big loss. I'd hate to see people lose money, then chalk up all of crypto as a big "scam" and not look into the underlying technology of the blockchain any further. I love articles on cryptowriter because they're trying to combat this and really educate us on all things blockchain.
Lastly, I feel that with the rise of NFTs, people are finally starting to realize the power of the blockchain, and how artists can take back control & ownership of their art. I think it's a tangible "foot in the door" for most people to start to see how else the blockchain can affect our lives positively. Hopefully, it's the start of a widespread revolution of decentralization and a transfer of ownership back to the everyday masses. As you've stated, there's still a long way to go to create trust and familiarity in these new systems, but the groundwork is starting to be laid out and I'm confident that we're slowly progressing towards the future!
I've been really enjoying all of the growth I have gotten to see. I got in on all of this at the perfect time to watch it reaaallllyyy explode and take off to the moon which has been awesome. I'm a huge fan of a lot of different projects that have been successful, but unfortunately have also been burnt by several. I think it's important to remember that this is still a new space, but also important to remember that innovation is often cumbersome, painful, and at times can seem backwards. However it still remains what it is, innovation. WEB3 is the future whether folks like it or not and the sooner we see adaptation of some big brands and big names the sooner the rest of the world will get comfortable with the idea. I think, in all honesty, adaptation at a rapid pace vs. slow pace is heavily dependent on various government actions. We're seeing the impact that one country can have right now with the announcements coming out of China. These things are backwards steps for the community, but that doesn't mean we aren't going forward!
Ruma, you have gift of explaining difficult concepts in such a concise and easy-to-follow manner! I think that large companies still have a stronghold on the market with web 2 because these are apps and websites that we grew up using & trusting, and sometimes with no reliable alternatives. However, with the development of new platforms that fairly pay contributors, creators, and users, I think we'll slowly start to see a shift to more widespread adoption of web 3. Even now, I think a lot of people don't realize that with the Facebooks and Googles of the world, WE are the product, and they generate billions using our data and insights. I'm hoping that all the buzz that crypto is generating nationally, will have people digging deeper to these problems.
My big fear with the rise in popularity of crypto as an investment vehicle is that a lot of new investors who FOMOed into coins as a way to make a quick buck may not be able to handle the erratic swings of the market (or a bear market) and exit with a big loss. I'd hate to see people lose money, then chalk up all of crypto as a big "scam" and not look into the underlying technology of the blockchain any further. I love articles on cryptowriter because they're trying to combat this and really educate us on all things blockchain.
Lastly, I feel that with the rise of NFTs, people are finally starting to realize the power of the blockchain, and how artists can take back control & ownership of their art. I think it's a tangible "foot in the door" for most people to start to see how else the blockchain can affect our lives positively. Hopefully, it's the start of a widespread revolution of decentralization and a transfer of ownership back to the everyday masses. As you've stated, there's still a long way to go to create trust and familiarity in these new systems, but the groundwork is starting to be laid out and I'm confident that we're slowly progressing towards the future!
Every web iteration brings new and exciting features that change our lives. Web 3 is the most interesting one yet.
Thanks for explaining a whole new concept (for my perception).
I didn’t know there’s multiple “webs” so this was very interesting !
I've been really enjoying all of the growth I have gotten to see. I got in on all of this at the perfect time to watch it reaaallllyyy explode and take off to the moon which has been awesome. I'm a huge fan of a lot of different projects that have been successful, but unfortunately have also been burnt by several. I think it's important to remember that this is still a new space, but also important to remember that innovation is often cumbersome, painful, and at times can seem backwards. However it still remains what it is, innovation. WEB3 is the future whether folks like it or not and the sooner we see adaptation of some big brands and big names the sooner the rest of the world will get comfortable with the idea. I think, in all honesty, adaptation at a rapid pace vs. slow pace is heavily dependent on various government actions. We're seeing the impact that one country can have right now with the announcements coming out of China. These things are backwards steps for the community, but that doesn't mean we aren't going forward!
It's amazing to be one of those who have experienced this wonderful change.
witnessing the blockchain change the world.
living the revolution
this is a real chance
we should have fun
thanks for the great article