Internet restructuring to improve security, privacy and reliability
The global spread of user-generated content and apps is a key theme in today's Internet discourse. With the rise of social media, online publishing platforms, and other tools (a trend that has been described as “Web 2.0”), both individuals and organizations can easily share Web content and experiences with a wide audience.
However, this accessible and democratic approach does not cover all aspects of the Internet. According to common opinion, hosting web apps is frequently a good idea. Currently, a person or an organization that wants to release an application has few realistic options about where to store and run it.
But these limitations are changing. We are making gradual but steady progress towards a more decentralised internet thanks to technologies like blockchain development company. And this has interesting implications for security, privacy, and reliability.
The modern Internet network is centralized in many aspects
In the past, there haven't been many sites to host web applications that a person or organisation wishes to develop.
If your application has few users and uses limited bandwidth, it can be located on a private, local server or data center. However, when bandwidth needs increase, or if the organization wants to provide the fast and secure experience that many users now expect , all but the largest and most resource-rich organizations find their only economic option it is some form of cloud hosting.
Service interruption: Hosting web application data on third-party servers can introduce a single point of failure, unless you have implemented adequate redundancies in your infrastructure. This can be a problem when cloud providers experience outages or have Internet connectivity issues.
Performance risks for global audiences – Cloud providers operate a relatively limited number of massive data centers, and cloud users often must choose in which geographic region their application will be hosted. If an application's users are far from its servers, they may experience latency due to long-haul traffic.
Provider lock-up – Migrating from one cloud service to another can be extremely difficult. If the cloud provider's quality of service declines, or if the cloud provider sets unfair pricing policies, organizations may struggle to find a better alternative.
Again, these challenges are not reasons to leave the cloud. However, they can explain a more recent and intriguing development: the slow but steady development of a decentralised Internet network architecture based on innovations like the chain of blocks. Frequently, this model is referred to as “Web3”.
Web3: What and how
Blockchain, in particular, is supposed to be one of the most critical technologies needed for the infrastructure of the Web3. The blockchain emerged in 2009 with the creation of bitcoin. This was created by Satoshi Nakamoto, an anonymous person or group who intended to respond to the 2008 financial crisis by decentralizing the global financial sector. Blockchain is the cutting-edge database technology that serves as the genetic code for practically all cryptocurrencies, according to Forbes. Blockchain makes it very hard to hack or scam the system by dispersing identical copies of a database throughout a network. Blockchain technology has a wide range of possible uses, but cryptocurrency is now its most well-known application.
Although bitcoin was the origin of blockchain technology, it is just one of many blockchains that can disrupt nearly every industry and vertical, offering the range of high-impact applications described by Forbes. Ethereum is the second-most significant blockchain development services after bitcoin and is most likely to propel the development of Web3.
The Ethereum blockchain is now regarded as the most open and trustless technology for supporting a decentralised Internet network. A new intelligent Internet network based on Web 2.0 tendencies but based on blockchain and InterPlanetary File System (IPFS) technology may eventually develop when Web3 is propelled by technologies like Ethereum. This will result in an infinitely more powerful and responsive online experience, and will revolutionize the interconnection of the Internet, applications, and the physical world. Due to the decentralisation of data and privacy-preserving cryptographic and computational approaches, privacy and security will significantly increase in this way.
Challenges for Web3
Although Web3 promises to radically change the Internet and its ability to deliver value to users around the world, its mass adoption still requires some significant hurdles. Currently, decentralized networks have several problems that prevent the rise of Web3, among them speed and scale.
The decentralised web offers superior security, but because authentication nodes are required, it is currently significantly slower than the centralised web. While a centralized application can process a huge number of requests at the same time, a decentralized application is far less in terms of magnitude.
Scalability is also a constant problem. Since the Ethereum network is made up of more than 8,000 nodes that contribute to its security, each transaction must be processed by all of these nodes. This has the potential to cause network congestion and drastically restricts Ethereum's capacity to handle future business applications. Work is underway to help scale Ethereum. However, if this blockchain (or a similar blockchain, such as Cardano or Polkadot) were to become the backbone of the decentralized network, solutions for scaling, speed, and privacy would need to be developed.
The advantages of Web3
With the challenges currently standing in the way of Web3 resolved, it will provide high-impact solutions to some of the Internet's most persistent problems. Since DApps and Web3 servers will be operating on the decentralised network of tens of thousands of Ethereum machines, they will be far more resilient and much less likely to encounter downtime than today's centralised services. The dependability of Web3 Internet will continue to rise with more use and network effects.
Similarly, Web3 will leave behind, both in terms of volume and effectiveness, the DDoS attacks we see today, further improving reliability.
