Web3 & The Endless Possibilities : Technology For A Change
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## Hello welcome everyone here in the sublime community of Leofinance and the biggest cryptoverse on Hive. I find no other places or communities as good as this community.
Its nice to be a fan of @leo and continuing journey thick and thin is the only good thing I find here on Hive.
Last couple of days ago, I have had an experience and opportunity altogether to pay a visit to a science fair and that was good for me to look back at my childhood. Quite more than hundreds of time that I paid a visit there and when I look at many of the futuristic ideas, I get so inspired that nothing really does.
Web3 & The Opportunities
We talk a lot about #web3 and how it is creating a new dimension for people to connect virtually all across the globe just with a tool of internet. Internet has had gone throughout so many stages and periods and it is good to have experienced them.
Right now with the access of internet, we can very easy plug the web2 appliances such as Facebook or Meta, X rebranded from Twitter or Instagram etc. In a true nature of centralized structure all of these show a creditable marks and positions despite the rush of monetization where with social media experiences ; people have a far too good options as to earn some cashes as rewarding tokens.
Tokenomics is a fact which has shaped the world to a new structure, specially internet . Crypto tokens and the way they are exchanged together has a good merit to count on. Right now, as I am writing contents, those upvotes which I will receive, have a greater impact on earning the native tokens as well crypto which have a greater value too !
But what if looking at the corporate side of it ?
In the past, social media had a sound fan base and people have had their only options available as to create personal accounts, engage with friends, write posts or share informations thst they like. They browse different contents of many forms, make researches ; but they dont see the actual scenario happening inside of the corporate giants.
Src
I have my own doubts of the functioning of it as corporate giants. Beacause, Facebook doesn’t just take your time and efforts out, they steal and store your information and so as the Meta without having a good policy in hand to how to access or use them in a proper way.
Corporate world, to one case is always busy to let people understand the race and specially the economic race that is going on.
Capitalistic World At Large
I talked about the reality of capitalism and how it is expanding to a great pace without any prior warning. If people starts to accumulate wealth from the people who are just participants and with time and contents added ; they just held the way for the ordinary people's #revenue to get into the streams of big capital into the hands of the centralized agency.
Thats why, I you or so many other people hate the practise of centralization to economic practices.
But guess what, right now in Hive, we are in social media appliances which is relatively driven by the practices of decentralization. That is to say, if one is to create a database of his own, where the information and the data are stored as a form of blocks and they are not easily accessible by any central authority .
If we are in the practices of creating trusts, we can do it by being efficient in our feats of storing data into our own database in the networks of blockchain. So as te first date to today, those contents I shared in Leofinance had the similar back -up and the funds also in the manner.
But, if we look at the corporate structures of web3 and I have long lists of people also who are actively trying to build up a nice business by just pulling out some of the plans as vital for their projects. In this way, we cant just protect the whole ecosystem to be devoid of corporate structures.
You may be familiar with the truth of decentralized Finace and those business standards run using the model available. With the available tools anyone with a key knowledge can access them and use it to better their business needs.
Src
Standing in such reality, I look the fact that - while there were other social media in centralized nature, why decentralization got the most acceptable shape ?
Well there are many other questions which might be tantamount to what we think of it. But there are angles of advantage we cant be able to forget. First one is the, smart contracts.
Smart Contracts
Smart contracts are one good example of what people can get and since there are many of the protocols to use and the terms and conditions that help one to make deposits as their plans, if one wishes to endorse $100 into one contract, he can see the value at the end of the projects.
These systems were based on the trust people put on chain and quite comparatively these were valued by engagement and looking at the statistics of people who participated, they draw back the palin truths .
Nearly 30 Million People are under the projects showing a great result and consequences promoting web3 structures.
Digital Assets & Tokens
We talk about the forms of cryptocurrency and how they are retaining value in the trade market, but we never seem to find the actual value of those tokens in the systems of a decentralized model too often. But these are the very things needed to be discussed.
Hive token is reliable one token for everyone to use and some of the famous crypto exchange sites do use it and have registration on their own listings. Hive in the blockchain and being in the possession is how it is retaining values to the fullest.
Src
Without a smooth system and the backed protocols of ledger, we wouldnt have seen it to hold the value today. NFTs and other fungible tokens have the same in the ecosystem that are enlarging in a great pace.
So as there are new milestones to be created. Lets hope for the best and once we start to explore deep down the stream, we get to reach to the point of understanding it better and quite tremendously the value and hype starts to change.
Thats how the system rolls on from time to time.
Thanks for the time to read. See you in a next days to come.
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