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With the high-speed development of technologies such as blockchain, crypto, AI and machine learning etc., the buzzword, Web3, has developed into a real industry out of a pure concept. Labeled as trustless, non-custodial, permissionless, and decentralized, Web3 has empowered multifarious projects like Defi, GameFi, NFT, Metaverse, DAO and decentralized storage etc.
What is Web3?
So what is Web3 like? Web3, known as the third generation of the World Wide Web, refers to the development of a decentralized and distributed web where users have more control over their data and interactions online. As a trustless internet, there will be no centralized authority in Web3 to be trusted or relied on. While the first iteration of the commercial internet (Web1) was read-only for most users, and Web2 users are allowed to both read & write on centralized platforms (Twitter, Facebook, YouTube, etc), Web3 gives users full ownership over their content, data, and assets via blockchains. It empowers users to read-write-own.
So, what does the Web3 stack look like? It should comprise of,
Access Layer: Low-friction entry points for users to access Web3
Use Case Layer: User interface for interacting with infra/protocol layer
Infrastructure/ Category Primitives: Interoperable building blocks that are highly reliable at doing one specific task; can be combined to create applications
Protocol Layer: Underlying main blockchain architecture
Web3 Data Storage
Judging from what has been discussed above, we can simply reach an agreement that data or content has grown to be the essence of Web3. Therefore, data storage and processing are becoming increasingly important for all decentralized applications(DApps), no matter social platforms or DEXs. Decentralized data storage was then born at the right moment.
Compared to traditional centralized data storage, decentralized data storage stores data in a distributed, peer-to-peer, and cryptographic way. In a decentralized system, data is distributed across multiple nodes, making it much more difficult for attackers to access and compromise. Instead of onboarding data to a central server, data in a decentralized system is distributed to multiple nodes which are closer to users, accelerating data uploading and accessing. In addition, distributed to multiple nodes, data will no longer be controlled or monetized by any central authority/server, realizing full data ownership for end users.
In the last few years, decentralized storage projects have sprung up like mushrooms. Some of the better known ones are IPFS, Filecoin, Storj, Arweave, Ceramic and Sia etc., broadly leveraged by Web3 applications. Yet the inherent problems of present decentralized storage are still to be resolved.
With that being said, a new storage project cropped up in the Filecoin community, called SAO Network, showed promises to be a better composable infrastructure.
SAO Network is a secure and decentralized storage infrastructure for Web3 based on Cosmos SDK and IPFS protocol, devoted to providing a secure, permissionless, and open storage network that increases the adoption of Web3 storage and promotes its ecosystem development.
SAO Network utilizes the blockchain, oracle, cryptography and artificial intelligence technologies to create a framework for metadata to be managed by an interoperable data model, and preserve user data ownership and privacy through cryptographic methods like Zero-knowledge Proof. The Network provides both a best solution and an effective mechanism for the data to be well identified, verified, and stored on blockchains.
Pythonac Crawly, a technical analyst, freelance technology writer, and activist in Web3 with engineering background on blockchain.
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.