The expert community annually analyzes trends in the development of the third generation Internet and, in particular, the crypto industry sector. This year was no exception, and as a result of the analysis, it was found that the technologies that underlie decentralized networks have undergone significant development. This means that the capabilities of the web3 infrastructure solution are improved, which, in turn, makes the process of exchanging values and various information among users more independent and secure.
Web 3.0 development Indicators
It is no secret that the third generation Internet has a rather strong influence on the crypto community. The acceleration of the pace of development of crypto technologies is gaining such a scale that no regulators are able to not only hold back this process, but even simply ignore it. The start was set by various banks that have already begun to experiment with crypto currency. In addition, there is a diversification of mining protocols, the role of one of the leading crypto currencies – Bitcoin – is decreasing, the role of the Ethereum ecosystem and the consensus protocols Proof-of-Stake (PoS), Proof-of-Work (PoW), Proof-of-Authority (PoA), Proof-of-History (PoH) is increasing. In a word, the so-called lower infrastructural level is becoming more and more vibrant and diverse. Another very interesting feature has emerged, which is related to the use of electricity sources by miners. It is a common belief that miners use large amounts of electricity, which sometimes exceeds the amount spent in some countries. In this regard, miners are increasingly declaring their reluctance to use so-called “dirty” sources of electricity. This quite noticeable trend has led to the fact that in some countries miners are beginning to interact with producers of alternative types of energy – nuclear, solar and wind. Such cooperation has obvious mutual benefits, because the demand for “clean” energy sources is a powerful incentive for the development of any alternative energy.
It should be noted that Web 3.0 has become one of the leaders among various developing trends in the world of information technology. If at the very beginning the era of Web 3.0 was filled only with all kinds of ideas, concepts and even some hype, today this is increasingly being translated into specific projects. Unfortunately, recently, IT technologies in the hands of geopoliticians sometimes turn from a unifying factor into a weapon against ordinary people. And today it is Web 3.0 that can become exactly the force that can curb the power and influence of centralization bodies on the course of world processes.
Web 3.0 is a 4th Industrial Revolution
Experts are increasingly talking about the onset of the 4th industrial revolution, when power should be in the hands of those who can process data. Think about the fact that now the number of connected devices exceeds the number of people by 3 or more times. And it is impossible to even imagine the amount of data that all these devices generate. And just as energy resources are the foundation of any country’s economy, data is the main resource of digital economy. And according to the same experts, only 2% of all generated data in the world has been processed and structured. At the same time, the essence of the 4th industrial revolution is the ability to process and structure accumulated data, turning it into knowledge for the purpose of further development and creation of new technologies. It`s difficult to believe that regulators are ready to achieve this purpose. So the goal of Web 3.0 is to ensure that data is owned by society, not by corporations, governments, or other institutions.
How does the Web 3.0 ecosystem work? Imagine a pyramid structure with users at the top. The overhead level of this pyramid is occupied by all kinds of applications – DApps, such as NFT, DeFi, GameFi, crypto exchanges, etc. This entire world of applications operates on blockchain technology, which covers first- and second-level blockchains. And the basis of the pyramid is infrastructure: data centers, chips and servers.
Thus, it becomes obvious that Web 3.0 is not only the progress in expansion of IT technologies, but also a confident step in the creation and development of a free digital society. It is also safe to say that both mining and staking have become not just an integral part of Web 3.0, but a kind of foundation for the third generation Internet. By investing in web 3.0 infrastructure, creating the right mining projects, and investing in shares of public mining companies, you can achieve a high return on investment (ROI).
Speaking about the trends that are developing in the crypto industry today, let’s list those that are confidently leading at the moment:
– Development of web 3.0, DAO and tokenized economies;
– Diversification of consensus protocols, increase in PoS, PoW, PoA, PoH;
– Continuous growth of mining computing power;
– Growing number of CDBC pilot projects;
– Growing mining focus on ESG.