Is a decentralised internet coming soon? It might be with Web3
The TV show Silicon Valley got in early with a representation of what is now becoming reality. A decentralised internet is full of benefits but it’s not without its own complications. A common mistake is to believe crypto currency is integral to its implementation but in reality the current form of crypto may not be suitable in the long run.
A huge argument to work towards this sooner is to gain back control over data privacy and to reduce the reliance and monopoly some larger companies have over certain industries.
Fireship’s video on Web3 offers some great information on the future of the “internet.”
While we are a few years away from this reality in its entirety, these concepts and practices are already being used today.