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Decentralized Web Project Review

Decentralized Web Project Review

The Decentralized Web (dWeb) project is based on the idea of reorganizing web communications and advertising platforms from a ‘’client-server’’ to a true ‘’peer to peer’’ model. It implies that users can communicate with each other without the server interfering.

While the role of servers as middlemen is removed, the users can benefit from total freedom by collaborating and sharing their content with other end users according to their system of values. This will enhance the privacy of the users and provide them with secure access to information and services.

How Does dWeb Project Work?

How Does dWeb Project Work?

dWeb project involves two types of participants, both of them are users. The first type is the outward only (OO) users and the second one is the outward and inward (O&I) users. The connection of the OO users, as well as the location, is temporary. It means that this type of user can change IP address and current location, for example, being at work, in a library, a coffee shop, or being connected from the phone.

Even though O&I users establish a temporary connection (being on/off), their location is usually at home from where they can enable inward communication. Thus, for O&I users the location and the IP address remain the same. It is worth mentioning that users can change their status from an OO to an O&I user and back any time, resting on their location or the IP address.

Bridge

The global internet, as we know, is affiliated with the dominance of the “client-server” model, which implies that the users are only one-directional while the servers are two-directional components. dWeb, in contrast, replaces servers with O&I users known as “Bridges” or “network support nodes”. “Bridge” users have a stable location and their connection is always on and available. Their key purpose is to provide consistent forwarding service for users-consumers by transmitting their packets to others.

dWeb project — Monetizing Model

dWeb project- Monetizing Model

dWeb project uses a peer-to-peer platform as a communication medium. As a result, advertisements can be placed in the direct connection between the users. Three factors differentiate the dWeb ad from the current ad model:

  • dWeb project provides users with the choice of switching the ad flow on or off. This way, the user-customers can only view the ads that are appealing to them.
  • While customers get control over the ad flow, advertisers can benefit from authentic attention feedback of their advertised products or services.
  • Users are motivated by being paid for viewing the ads.

dWeb Project Payment System 

dWeb Project Payment System

dWeb project payment system is based on cryptocurrencies. It awards the customer for becoming a new user, for inviting people, for viewing ads, for running a bridge/node. From a wide list of crypto coins the most suitable ones for the dWeb project are the following:

  • EOS, Ripple/XRP. Not only are they suitable for high-transaction volume, but also are listed on the majority of the crypto-exchanges.
  • Coins created by Crypto- Exchanges. They ensure liquidity by converting one coin to another and keeping the bond with the fiat currency.
  • Tether’s USDT and Circle’s USDT are types of stable coins that stand out with a significantly lower level of volatility, compared to the above-mentioned payment options. Thus, they are considered to be more secure.
  • Corporate and Government Blockchain-based coins like Facebook’s Libra coin and GBDC. Both are not yet available due to some political issues.

We went through evolution in selecting a blockchain for our project evaluating — Ethereum, Avalanche, Binance Smart chain, Polygon.

Finally we decided to have our own blockchain instance, as described in -
https://paulars.medium.com/decentalized-web-dweb-project-blockchain-explorer-f43ce4ceb0de

The important distinction is that the blockchain plays as a support element in the project, not as a central element in many other projects.

Pros and Cons of dWeb

Pros

Cons

  • dWeb enhances security and privacy policy.
  • Complete freedom as a result of a decentralized Web.
  • True data ownership.
  • Transparency and reliability of online data.
  • Users view ads of their choice.
  • Advertisers understand the true need of the market.
  • Rewarding system for customers.
  • Using Cryptocurrency as a payment system.
  • Despite all benefits and the unbridled deliverance that comes with dWeb, there is a possibility that some people may exploit this freedom for malicious purposes. In absence of rules and regulations, it could be challenging to prevent spreading odious views and misleading information. 

Why invest in this project?

It is a fact that dWeb is forthcoming, post- blockchain technology. Becoming a part of the dWeb project you are becoming a part of an innovating future that will be associated with tremendous changes of the web as we know it today. Of course, you should be aware that there is still a lot of work to be done and many roadblocks to overcome along the way for the dWeb technology to be widely adopted.

Conclusion

dWeb project is based on a direct peer-to-peer communication platform where the users can exchange safely their data with each other. Moreover, it provides an innovative way of advertising products and services by rewarding the users for viewing the ads.

Combining the augmentation of the user’s privacy with the proposed monetizing model dWeb project promises fundamental changes in the future of the Web as we know it, challenging some of the most powerful company- representatives of the centralized web.

Paul Arssov

President of ARS Technologies/ Decentralized Web project

Website: https://decentralized-web.tech/

Connect on Linked in  https://www.linkedin.com/in/paul-arssov-arstech-com-biz-org/

Follow on Instagram - Twitter: Decentralized Web   

email: [email protected]

Disclaimer:

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Jack Evans


I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments.

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