Why is blockchain technology the future, and web3 the future? Not an investment advice!
In fact, one sentence can make it clear: open beats closed!
Data is open and transparent: everyone can verify and use data, avoiding centralized information asymmetry and non-openness and transparency
Data cannot be tampered with: once it is on the chain, it is permanently saved, ensuring the integrity and reliability of the data. The centralized database is gone, and even Google will accidentally delete the data and never find it again.
Decentralization: Avoid single point failure, more robust and reliable, no shutdown, downtime, can run forever
Open without barriers: anyone can come in to provide contributions, get rewards, collaborate and win-win, open source code, no threshold mining, spontaneous communities, etc., innovation continues to emerge
Open beats closed, the future of web3 is AR!
Now most public chains are POS mechanisms, and you must pledge tokens to participate in the network. In fact, it is no longer a completely open system.
AR's mechanism is similar to Bitcoin. As long as hard disk capacity is provided, mining can be done. The latest client that has just been upgraded has added the function of mining pool, allowing retail investors to participate in AR mining by joining the mining pool. They can participate without staking, which is the spirit of web3 and will make the system stronger and more reliable.
Data is open, transparent, complete and cannot be tampered with, which is a very core point of web3.
However, most public chains now have no consideration of how to store data permanently. Nodes regularly delete data, engage in L2, and even concepts such as app chain, which make data into isolated islands, just to save costs, but make data scattered and unreliable. Cross-chain technology greatly increases the cost of use and cross-chain bridge security incidents often occur.
AR's unlimited tps, unlimited capacity, permanent storage once deposited, and low cost make all blockchain data eventually put into AR. Only AR can do this because of its low cost and high efficiency. In the future, it is enough to directly read AR data. The current cross-chain solution will no longer exist or will be greatly simplified and safe and reliable.
Every round of blockchain hype has new concepts and new tracks. To be honest, it has indeed brought huge opportunities and rich innovations to blockchain! But the final implementation that will allow people, devices and AI around the world to use blockchain's web3 technology will have to be AR.
