On September 5th, Web 3.0 infrastructure project Point Network (POINT) will be listed on the world-famous cryptocurrency trading platform MEXC. Here is the website headline: “World’s First Complete Web 3.0 Implementation”. what do you mean?
How world defines WEB 3.0
What is Web 3.0, to start? A16z, Coinbase, and their peers had attempted to define “Web 3.0” at this time last year. The most well-known condensed definition, applicable to both Web 2.0 and Web 1.0, is “read+write+own.”
Gavin Wood, co-founder of Ethereum and founder of Polkadot, coined the term in 2014. In his own words, “Web3 is kind of an alternative vision of the web, where the services we use are not hosted by a single service provider, but in a sense by everyone.” It’s purely algorithmic…the idea that every participant contributes a small part of the final service.”
What is Point Network
The Point Network is a project designed to radically decentralize all major components of the Internet stack. It does not rely on centralized infrastructure such as storage, domain names, etc., but instead uses decentralized alternatives for each layer. Point browser with integrated point wallet. Point Network enables developers to create decentralized identity solutions, decentralized social networks, and many other applications. The vision of “Roadmap to Web3” scrolls many screens to the right.
The project is backed by a number of companies, including Sino Global Capital, Arweave, FTX, Chorus Ventures, and Prycto, according to Point Network’s official material. Trade Point Network with MEXC Global. POINT is a utility token that can be used for a variety of other web3 use cases in addition to paying for gas fees on this new network. For instance, it can be used to pay for native blockchain subscriptions to content creators, paid content on decentralized communities, as a micropayment for storage when uploading content, and so forth.
PointLabs vision of WEB 3.0
The Point Labs definition is simple. and mass surveillance. Bit Torrent’s decentralized file sharing, Bitcoin’s decentralized money, and the real Web 3.0 are set to decentralize the rest of the internet.
Unfortunately, according to the founders of Point Labs, people mistakenly believe that Web3 is already a reality. The majority of “decentralized” applications continue to use centralized infrastructure, including SSL certificates, storage, domains, and other things. The prominent Ethereum gateway eth.link expiring, the compromised curve.fi nameservers, and the avalanche of reports of Tornado Cash censorship by several dApps and initiatives that were supposed to be decentralized and uncensorable made this evident last month. This would not have been possible in the actual Web 3.0.