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Web3: Mass Internet Outage Shows Why We Need Deeper Decentralization

Clients: Deeper Network and CryptoSlate

Publication Date: Jul. 10, 2021

URL: https://cryptoslate.com/mass-internet-outage-shows-why-we-need-deeper-decentralization-of-web-3-0/

Excerpt:

The recent spate of outages and ransomware attacks demonstrate the fragility of our present centralised internet distribution framework.

Internet centralization is also cited as a major enabler of internet censorship and can result in lost/stolen user data. Analogously, the same centralized organization model that caused last week’s internet shutdown also enables the Great Firewall of China. In sum, consolidating access to information in the hands of a few service providers, who are in turn controlled by state and private actors, puts the public at the mercy of these actors.

Decentralizing the internet could limit the damage of future outages while limiting the threat states, security agencies, hackers, and private companies pose to our privacy and access to information.

Blockchain Technology Aids Web3

To this end, Blockchain technology shows incredible promise as it enables average citizens to play the role of both information consumer and distributor — thus reducing societal reliance on CDNs and Cloud Service Providers. Blockchain stores information on a distributed ledger is close to unhackable, and, unlike the current internet distribution model, is decentralized.

Indeed, using blockchain technology removes the possibility of “single points of failure” by reducing the need for privately owned servers. This has the added benefit of removing government influence over these servers and yields a more democratic distribution…

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