What is wrong with the internet we’re using?

After the overwhelming rage, the general public faced due to the scandal with Facebook and Cambridge Analytica everyone got even more concerned with their data being stored and used by huge corporations. Simultaneously, numerous articles and discussions on the violation of data privacy by IT companies began to appear actively in Europe and the USA. Most of these stories are presented as “a blatant act of unfair use of users’ data for political manipulations and advertising purposes.” For many, this information was obvious, but for many ordinary users, this fact turned out to surprise and a hot topic for a discussion.

What’s wrong with the centralized Internet?

The proponents of the idea of decentralized Internet describe it as some kind of heaven on Earth, whilst the opponents scorn upon the very concept a ridiculous. So on the wave of this soon-to-be hyped topic one needs to put things straight on what is wrong with the centralized internet and whether the aspiration to liberate it from the big tech companies oversight over our data is viable.

Throughout its development, the Internet has experienced two different forces – centralization and decentralization. At some stages, resources were concentrated mainly among large players; at some stages, active users and enthusiasts became the main driving force.

Web 1.0 replaced Web 2.0, the familiar Internet we use today. Nowadays, more and more talk is about the new generation of Internet Web 3.0. Let’s figure out what it is and what role blockchain plays in it? Web 3.0 is a revolutionary concept in the field of web communication. This is the third generation Internet – decentralized and managed by the users themselves.

Now it is speculated that blockchain technology can provide the basis for the operation of this new Internet. And indeed, the blockchain became the ground for the development of the applications and platforms for Web 3.0.

Central control vs. decentralization

The main feature of the so-called Internet of the future is decentralization, or lack of central control. Blockchain technology will allow you to store data in a distributed manner. This basically implies that data units will be stored and updated not on one computer, but on all computers on the network at the same time. Thus it is meant to prevent large corporations that control data on today’s centralized Internet from collecting, storing and using your data for advertising and other purposes. Among the other perks of using distributed ledger technologies are data control,higher level of security and openness of the system.

With regard to data security Blockchain technology and encryption will allow users to independently control data, and the collection and dissemination of information without the consent of the user will become completely impossible.

Distributed storage of information and the absence of a central server will reduce the number of hacks and attacks, enhancing the level of security of the entire system. Since the data will be stored in a distributed manner, hackers will have to crack in the entire network which would require considerably bigger effort and resources.  Owing to the fact that the access to the decentralized Internet will be available to every user, and the content on Web 3.0 is to be controlled by the users themselves, restriction or censorship will no longer be a problem.

These cloudless predictions of the digital paradize are in fact not to far off, as there are already projects and the whole ecosystems that have managed to make the Web 3.0 happen. Among such, Metahash stands out by the comprehensive ecosystem based on Blockchain that even now surpasses the existing crypto products. For one thing it solves the problem of transaction verification time, that in case of Bitcoin can take up to 10 minutes, replacing those by as little as 3 seconds transaction approval period and reaching transaction processing speeds up  to 100,000 transactions per second.The system includes MetaGate, which apart from serving as a cryptocurrency wallet and browser for decentralized apps. MetaGate is connected with conventional internet but on top of that it is prone to any modification and blocking. Distributed nature of the browser solves the above-described problem of belonging to a single corporation. MetaGate is open-source, allowing for embedding the parts of its code by any developer’s into their applications and browsers.

Hopefully, even if the advent of the decentralized Internet era is not to come about soon, as building the active network to compete with the already operational one might take a while. Though the overall social standing as to the monopoly of big tech companies and the centralized data ownership lays the ground for further developments towards profound decentralization.