THELOGICALINDIAN - PRESS RELEASE From Web 25 to Web 3 Crossing the Final Frontier This was the appellation of a contempo allocution by Serge Var CEO and CoFounder of Point Labs at the 2022 Web 30 Conference in January
Serge presented arguments that admitting abundant projects calling themselves “Web 3.0” and “decentralized”, we are not absolutely there yet: we’re still relying too heavily on centralized systems, application centralized domains that can be taken abroad by governments or hijacked, untrusted centralized accumulator area the UI is stored, and browser extensions that can abandon tomorrow at Google’s whim.
The alone decentralized allotment of a archetypal “decentralized application” turns out to be the acute contract, with aggregate abroad accessible to actuality compromised.
Such Frankenstein’s monsters alloyed from Web2 and Web3 genitalia (what abounding nicknamed Web 2.5) advance not alone to assorted aegis fiascos, such as BadgerDAO afresh accident $120M of participants’ funds because of a centralized UI that had been hijacked, but additionally gives a abortive bad rap to the Web 3.0 abstraction itself, back bodies are abashed about how their NFTs on the allegedly censorship-resistant and decentralized internet can get censored on OpenSea and again abandon from their Metamask wallet.
A New Paradigm
After months of accelerated analysis and development, the aggregation at Point Labs came up with an architectonics that allows for complete decentralization of the tech stack, and christened it Point Network. For the aboriginal time, instead of attempts to admit blockchain into the Web2 paradigm, there is a absolutely abstracted arrangement that can assuredly be alleged Web3.
The way it works is by leveraging a aggregate of several decentralized technologies, replacing the accessible apparatus of the old internet: decentralized browser (just like you would use Tor Browser to admission Deep Web, you use Point Browser to admission accurate Web3), decentralized domains active on the blockchain, and decentralized accumulator (Point Labs partnered up with Arweave and uses their arrangement for the decentralized accumulator component).
“What’s the Point?”
All decentralized applications that you apperceive and adulation can calmly be deployed on Point Network, and at aboriginal sight, they attending and feel absolutely the same: aloof instead of uniswap.org, you would admission uniswap.point, and instead of Metamask or Phantom, a Point acceptance window would pop up (Point mimics their APIs so that deployments can be as accessible as possible).
However, beneath the hood, the apps are now absolutely decentralized: the UI, the acute contracts, the domains, the identities are all assuredly active on the blockchain, which makes dApps absolutely censorship-resistant and about auditable. The actuality that anniversary amend to a website is transaction on a blockchain provides for arresting use-cases, one of them actuality multisig domains (where an amend to a website has to be active off by several developers, so that an antagonist would accept to accommodation all of them, which would be a abundant harder task).
Point Arrangement additionally appearance several audience dApps of its own: Point Amusing (a web3 amusing network), Point Mail (end-to-end encrypted mail), a multi-chain Point Wallet, and so on.
“When Web3?”
Point Network is still at an aboriginal date of development, but already shows affiance to potentially become the capital web3 accepted in the abreast future.
Point Labs has appear a accessible alpha adaptation in October aftermost year for the Solana Ignition hackathon, area they concluded up on the Judges Honorary List of projects, afterwards which they accept aloft several VC circuit from firms including, amid others, Sino Global Capital, Arweave, Solar Eco Fund, Zoomer Fund, Definitive and Chorus One.
Now their ambition is leveraging their rapidly accretion aggregation of engineers to absolution the beta adaptation and barrage in mid-2022 (which is aloof a few months away), authoritative web 3.0 attainable to everybody.
Web 3.0 is acutely actuality to stay, and it’s activity to be as big of a accord as was the bearing of the internet. The eventually you accustom yourself with this exploding field, the bigger you will be positioned to become a admired allotment of it. You can apprentice added about Point Network’s role in it by abutting conversations in their growing association of aboriginal adopters on Telegram: https://t.me/pointnetworkchat, or on their website https://pointnetwork.io/
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