INTERNET 3.0

by Jun 26, 2020

Internet 3.0 and concensus

This decentralized node based system of a blockchain confers on it several advantages, the reality of which has led to it being called the internet 3.0. Amongst other things, the absence of a centralized server makes a blockchain network wholly redundant and practically impermeable to network intrusions and hacking attempts.

Its’ consensus system also absolves the need for any central governing authority. Users (nodes) have full control over the data shared on the network, and proposed decisions are reached via a network-wide vote involving each user.

This peer-to-peer system is what grants a blockchain network its ‘integrity,’ i.e., it’s highly reliable and trusted architecture. It rids the normal transaction/task processing of the centralized server (middleman) and in so doing, drastically improves the speed at which transactions are processed.