Scaling for Web3.0 with Aaron Ting of Octopus Network and Irina Heaver

Instead of a Web monopolised by large technology companies, Web3 embraces decentralisation and is being built, operated, and owned by its users. Web3 puts power in the hands of individuals rather than corporations. Before we talk about Web3, let’s explore how we got here.

Scaling for Web3.0 with Aaron Ting of Octopus Network and Irina Heaver

📌Useful links:
✅ UpLift Dao Website: https://uplift.io/
✅ UpLift Dao Medium: https://medium.com/@uplift-io
✅ UpLift Dao GitBook: https://docs.uplift.io

Stay up to date with us on social
✅ UpLift Dao Facebook: https://www.facebook.com/UpLiftDao
✅ UpLift Dao Telegram: https://t.me/upliftdao
✅ UpLift Dao Instagram: https://www.instagram.com/upliftdao/
✅ UpLift Dao Twitter: https://twitter.com/UpliftDao
✅ UpLift Dao Linkedin: https://www.linkedin.com/company/uplift-io/

Polkadot is a protocol that connects blockchains — allowing value and data to be sent across previously incompatible networks (Bitcoin and Ethereum, for example). It’s also designed to be fast and scalable. The DOT token is used for staking and governance; it can be bought or sold on exchanges.

In web3, developers don’t usually build and deploy applications that run on a single server or that store their data in a single database (usually hosted on and managed by a single cloud provider). Instead, web3 applications either run on blockchains, decentralized networks of many peer to peer nodes (servers), or a combination of the two that forms a crypto economic protocol. These apps are often referred to as dapps (decentralized apps), and you will see that term used often in the web3 space.

To achieve a stable and secure decentralized network, network participants (developers) are incentivized and compete to provide the highest quality services to anyone using the service. When you hear about web3, you’ll notice that cryptocurrency is often part of the conversation. This is because cryptocurrency plays a big role in many of these protocols. It provides a financial incentive (tokens) for anyone who wants to participate in creating, governing, contributing to, or improving one of the projects themselves.

For more news & tutorials around crypto projects, make sure you hit that subscribe button and turn on notifications. You don’t want to miss what’s coming next.

The main idea and concept behind the Uplift IDO platform is to facilitate and foster the growth of a manifold of projects in the Uplift ecosystem. Uplift launchpad is uniquely designed to be adaptive, fair, and welcoming to fast-growing projects. At the heart of the Governance in Uplift Ecosystem laurels community.

#web3 #web3technology #blockchain