The spotlight in the tech industry is again being shifted towards the world-of-internet infusing curiosity, controversies, and contemplation as some experts vouch for blockchain as the new internet. The internet didn’t come into existence as a separate entity to connect the entire world in a single place. Rather, it was developed as the decentralized network for internal communication by a military venture called ARPA. But over time, this network proliferated and became the worldwide web, or we know it as an “Internet”. ( image under construction) Internet is somewhat like the highway roads, which are interconnected with the network of small roads and boulevards through which the vehicle passes to and fro to transport goods to the destined place. On the internet, these roads are compared to the routers that take user queries (in the form of data packets) to the relevant server to fetch the answer and delivers back to the user. Why so much noise over Blockchain-Internet The internet is already a decentralized network; as such there is no ownership then why Blockchain is claiming it to make it decentralized all over again. Here is the twist, a small group of large companies like Facebook, Apple, Amazon, Netflix, and Google, along with other companies like Twitter and Microsoft rule this virtual terrain. They are known as the FAANGs. Most of our personal data are stored and controlled by FAANGs and very few by others. Eventually, these platforms have an enormous influence on what sources of information we consume or access daily. So indirectly they control us through the internet. ( image source: forbes.com) Intermittently, it changes the internet status from decentralized to centralized, and that’s where blockchain evangelist thinks that its time for the internet revolution in real sense. A decentralized internet would not use centralized servers. Instead, it would use a network of nodes (computers) and widely distributed data. Can Blockchain replace the internet Nothing is permanent, and changes are inevident. Google is a top-notch search engine with 3.5 billion queries running through Google’s search algorithm every day. Although there is nothing wrong with that, for a few people, the privacy issue is a matter of concern. A blockchain-based search engine (BBSE) is a good option. BBSE makes search data safe as it is encrypted and stored on a blockchain. So, whenever someone searches for a keyword on a blockchain-based search engine, the search engine scan through the distributed ledger to show results. Nebulas, Presearch, and Desearch are some popular name of BBSE provider With BBSE, no more personal data would be used by intermediaries to make money. Every search that we as consumers generate remains under our control stored in the blocks, secured via cryptography and timestamped, and traceable. A decentralized internet is recently introduced by Skycoin. The developer version of decentralized Internet “Skywire”, is a mesh network of interconnected devices with more than 10,000 nodes or computers. The system or network will act as a data exchange network just like the internet and allows unrestricted flow of information. Skywire has the following features. ( image source: coinspeaker.com) To access the internet we solely depend on ISP’s or Internet Service Provider. Besides, their poor service and slow internet speed, we still stick to them as there are no alternatives. Blockchain can change this. Just imagine the users own all the wireless hardware necessary to form a vast internet network from where anyone can go online. Just like “Skywire” one more such network is Andrena, it uses blockchain technology to form and organize the online community, without a central authority (like ISPs). Through Andrena, users can own wireless hardware to deliver the Internet to each other Today consumer uses the internet to buy products online for which they pay transaction fees to payment services. This can be changed. The blockchain can transfer and store money as well as replace all processes which rely on charging a small fee for a transaction. How worst any country can hit with financial losses if the internet is shut down completely. Can they still continue their trading business? The answer is yes if blockchain is allowed to transfer data without the internet. In the year 2019, a bitcoin was transferred through radio-waves, the incident opened new hope for blockchain replacing internet. It is too early to predict, but it can’t be denied that offline communication of any type is possible through blockchain. Though blockchain is regarded to be next internet, its full-fledged deployment is challenged by few of its limitations like scalability, slow transaction speed, and interoperability. For example, if you are using blockchain-based internet to search, it will generate a new transaction. With millions of users worldwide, one can expect an infinite number of transactions generating on its blockchain. If the blockchain is not scaled to handle large data, improved transaction speed, and ability to communicate with their counterparts, the dream of fully decentralized internet soon be found buried inside a casket. But if blockchain internet succeeds, the modern-day cyberspace would be leverage no less than the legacy internet that unwrapped unlimited possibilities since its induction.
The spotlight in the tech industry is again being shifted towards the world-of-internet infusing curiosity, controversies, and contemplation as some experts vouch for blockchain as the new internet. The internet didn’t come into existence as a separate entity to connect the entire world in a single place. Rather, it was developed as the decentralized network for internal communication by a military venture called ARPA. But over time, this network proliferated and became the worldwide web, or we know it as an “Internet”. ( image under construction) Internet is somewhat like the highway roads, which are interconnected with the network of small roads and boulevards through which the vehicle passes to and fro to transport goods to the destined place. On the internet, these roads are compared to the routers that take user queries (in the form of data packets) to the relevant server to fetch the answer and delivers back to the user. Why so much noise over Blockchain-Internet The internet is already a decentralized network; as such there is no ownership then why Blockchain is claiming it to make it decentralized all over again. Here is the twist, a small group of large companies like Facebook, Apple, Amazon, Netflix, and Google, along with other companies like Twitter and Microsoft rule this virtual terrain. They are known as the FAANGs. Most of our personal data are stored and controlled by FAANGs and very few by others. Eventually, these platforms have an enormous influence on what sources of information we consume or access daily. So indirectly they control us through the internet. ( image source: forbes.com) Intermittently, it changes the internet status from decentralized to centralized, and that’s where blockchain evangelist thinks that its time for the internet revolution in real sense. A decentralized internet would not use centralized servers. Instead, it would use a network of nodes (computers) and widely distributed data. Can Blockchain replace the internet Nothing is permanent, and changes are inevident. Google is a top-notch search engine with 3.5 billion queries running through Google’s search algorithm every day. Although there is nothing wrong with that, for a few people, the privacy issue is a matter of concern. A blockchain-based search engine (BBSE) is a good option. BBSE makes search data safe as it is encrypted and stored on a blockchain. So, whenever someone searches for a keyword on a blockchain-based search engine, the search engine scan through the distributed ledger to show results. Nebulas, Presearch, and Desearch are some popular name of BBSE provider With BBSE, no more personal data would be used by intermediaries to make money. Every search that we as consumers generate remains under our control stored in the blocks, secured via cryptography and timestamped, and traceable. A decentralized internet is recently introduced by Skycoin. The developer version of decentralized Internet “Skywire”, is a mesh network of interconnected devices with more than 10,000 nodes or computers. The system or network will act as a data exchange network just like the internet and allows unrestricted flow of information. Skywire has the following features. ( image source: coinspeaker.com) To access the internet we solely depend on ISP’s or Internet Service Provider. Besides, their poor service and slow internet speed, we still stick to them as there are no alternatives. Blockchain can change this. Just imagine the users own all the wireless hardware necessary to form a vast internet network from where anyone can go online. Just like “Skywire” one more such network is Andrena, it uses blockchain technology to form and organize the online community, without a central authority (like ISPs). Through Andrena, users can own wireless hardware to deliver the Internet to each other Today consumer uses the internet to buy products online for which they pay transaction fees to payment services. This can be changed. The blockchain can transfer and store money as well as replace all processes which rely on charging a small fee for a transaction. How worst any country can hit with financial losses if the internet is shut down completely. Can they still continue their trading business? The answer is yes if blockchain is allowed to transfer data without the internet. In the year 2019, a bitcoin was transferred through radio-waves, the incident opened new hope for blockchain replacing internet. It is too early to predict, but it can’t be denied that offline communication of any type is possible through blockchain. Though blockchain is regarded to be next internet, its full-fledged deployment is challenged by few of its limitations like scalability, slow transaction speed, and interoperability. For example, if you are using blockchain-based internet to search, it will generate a new transaction. With millions of users worldwide, one can expect an infinite number of transactions generating on its blockchain. If the blockchain is not scaled to handle large data, improved transaction speed, and ability to communicate with their counterparts, the dream of fully decentralized internet soon be found buried inside a casket. But if blockchain internet succeeds, the modern-day cyberspace would be leverage no less than the legacy internet that unwrapped unlimited possibilities since its induction.
The spotlight in the tech industry is again being shifted towards the world-of-internet infusing curiosity, controversies, and contemplation as some experts vouch for blockchain as the new internet.
The internet didn’t come into existence as a separate entity to connect the entire world in a single place. Rather, it was developed as the decentralized network for internal communication by a military venture called ARPA. But over time, this network proliferated and became the worldwide web, or we know it as an “Internet”.
( image under construction)
Internet is somewhat like the highway roads, which are interconnected with the network of small roads and boulevards through which the vehicle passes to and fro to transport goods to the destined place. On the internet, these roads are compared to the routers that take user queries (in the form of data packets) to the relevant server to fetch the answer and delivers back to the user.
Why so much noise over Blockchain-Internet
The internet is already a decentralized network; as such there is no ownership then why Blockchain is claiming it to make it decentralized all over again. Here is the twist, a small group of large companies like Facebook, Apple, Amazon, Netflix, and Google, along with other companies like Twitter and Microsoft rule this virtual terrain. They are known as the FAANGs.
Most of our personal data are stored and controlled by FAANGs and very few by others. Eventually, these platforms have an enormous influence on what sources of information we consume or access daily. So indirectly they control us through the internet.
( image source: forbes.com)
Intermittently, it changes the internet status from decentralized to centralized, and that’s where blockchain evangelist thinks that its time for the internet revolution in real sense. A decentralized internet would not use centralized servers. Instead, it would use a network of nodes (computers) and widely distributed data.
Can Blockchain replace the internet
Nothing is permanent, and changes are inevident.
- Google is a top-notch search engine with 3.5 billion queries running through Google’s search algorithm every day. Although there is nothing wrong with that, for a few people, the privacy issue is a matter of concern. A blockchain-based search engine (BBSE) is a good option. BBSE makes search data safe as it is encrypted and stored on a blockchain. So, whenever someone searches for a keyword on a blockchain-based search engine, the search engine scan through the distributed ledger to show results. Nebulas, Presearch, and Desearch are some popular name of BBSE provider
- With BBSE, no more personal data would be used by intermediaries to make money. Every search that we as consumers generate remains under our control stored in the blocks, secured via cryptography and timestamped, and traceable.
- A decentralized internet is recently introduced by Skycoin. The developer version of decentralized Internet “Skywire”, is a mesh network of interconnected devices with more than 10,000 nodes or computers. The system or network will act as a data exchange network just like the internet and allows unrestricted flow of information. Skywire has the following features.
( image source: coinspeaker.com)
- To access the internet we solely depend on ISP’s or Internet Service Provider. Besides, their poor service and slow internet speed, we still stick to them as there are no alternatives. Blockchain can change this. Just imagine the users own all the wireless hardware necessary to form a vast internet network from where anyone can go online. Just like “Skywire” one more such network is Andrena, it uses blockchain technology to form and organize the online community, without a central authority (like ISPs). Through Andrena, users can own wireless hardware to deliver the Internet to each other
- Today consumer uses the internet to buy products online for which they pay transaction fees to payment services. This can be changed. The blockchain can transfer and store money as well as replace all processes which rely on charging a small fee for a transaction.
- How worst any country can hit with financial losses if the internet is shut down completely. Can they still continue their trading business? The answer is yes if blockchain is allowed to transfer data without the internet. In the year 2019, a bitcoin was transferred through radio-waves, the incident opened new hope for blockchain replacing internet. It is too early to predict, but it can’t be denied that offline communication of any type is possible through blockchain.
Though blockchain is regarded to be next internet, its full-fledged deployment is challenged by few of its limitations like scalability, slow transaction speed, and interoperability. For example, if you are using blockchain-based internet to search, it will generate a new transaction. With millions of users worldwide, one can expect an infinite number of transactions generating on its blockchain.
If the blockchain is not scaled to handle large data, improved transaction speed, and ability to communicate with their counterparts, the dream of fully decentralized internet soon be found buried inside a casket. But if blockchain internet succeeds, the modern-day cyberspace would be leverage no less than the legacy internet that unwrapped unlimited possibilities since its induction.
