#Floyx

[floyx]

What is Web3 and How Does It Differ from Web2?

This article discusses the changes the internet has gone through since its introduction to transform society. But today, everybody is talking about Web3, a term trending across many industries. But what exactly is Web3, and how is it different from Web2? Now it’s time to take a closer look at this subject and to reveal the peculiarities of two web paradigms.

Understanding Web2

To know what Web3 is, one must see What Web2 is. Web2, also known as the read-writeweb, is the web that exists today. It focuses on content creation by users social networking, and interactive spaces. Of course, the most vivid examples of Web2 are such Social Media as Facebook, Twitter, Instagram, and others. They enable users to post and discuss content, post comments, and perform activities that allow them to have a community with centralized control over user data and activity.

In Web2, Social Media companies control the data, algorithms, and user experience. It has helped in creating smooth interactions and immense traffic in digital communication, but at the same time, it has become a point of controversy regarding data ownership and privacy.

Enter Web3

Web3 is a term used to refer to the Next generation of the World Wide Web that offers more decentralization and power to the users. In its essence, Web3 hides and builds a world where users have more control rather than being controlled by big giants. It uses such technologies as Blockchain to realize such goals.

Web3 also brings new related ideas and tools into the picture. Among all the advancements, one can single out the implementation of the Blockchain as the basis for many Web3 applications. Blockchain is a distributed database that creates an activity record and stores it in many computers so that no single record can be edited or deleted without changing it across the other records. This technology promotes transparency, security, and the possibility of trusting transactions without a centralized controlling body.

Web2 vs Web3: Understanding The Key Difference Between Web2 Vs Web3

1) Decentralization:

Like the previous generation, Web2 depends on centralized platforms and services to operate. Large SSMs regulate personal information and profit off of it, and ownership of platforms is in the hands of a single party.

Web3 focuses on decentralization in contrast to Web2. It applies such technologies as Blockchain, in decentralizing the control of the network among the users. Thus, there is no center to control Decentralized Social Media, and users own their data and interactions.

2) Data Ownership:

In Web2, data is owned and managed by the servers where it is stored. People produce content and distribute datasets, but the content belongs to the respective platforms. Web3 shifts this paradigm. The Blockchain simplifies control over data since it belongs to the users. Web3 Social Media also offers the ability to own the data and sometimes sell back the data to the platforms, changing the entire data ownership structure.

3) Monetization and Value Creation:

Most Web2 platforms are managed and financed through advertising and data gathering. Platform owners capture the value created by users.

New monetization opportunities also appear in Web3 as a result of such mechanisms as Socialfi, which combines finance and social networks. Some platforms allow users to receive rewards or cryptocurrencies in exchange for their engagement and input. They have profited better in value distribution. While reciprocating corresponding values for users’ contributions.

4) Transparency and Trust:

Web2 platforms are centralized and often criticized for lacking transparency. Thus, one can understand that people do not have a clear vision of how applications use their information or how algorithms work.

Web3 wants to bring in more openness. Blockchain records transactions and many activities clearly, allowing all users to verify them and gain confidence in the system's workings. It can be valuable in Web3 Social Media, where data processing treatments and algorithmic choice openness strengthen user confidence.

Interoperability:

1) Like most Web2 services, they are often provided in LIMBS, meaning that the compatibility of one service to another is very complex. For example, reposting some content on different Social Media accounts may require several processes.

2) Web3 emphasizes interoperability. When different platforms and applications use various protocols & are based on Blockchain, their work is interconnected. It makes the related digital ecosystems more interrelated and flexible.

Examples of Web3 Platforms

Several of the Top Web3 websites and platforms are already demonstrating the possibilities of this new model. These include:

Steemit: A Decentralized Social Media app that pays users in cryptocurrency for their content and moderation.

Mastodon: A social layer implemented through a network of servers that allows users to join other servers yet communicate on the global level.

Audius: An application that plays music and does not store content, allowing artists to own what they produce and receive payments directly from consumers.

All these networks represent decentralization and people’s power shift, demonstrating how Web3 can redefine conventional Social Media paradigms.

Know More - - What is an example of a DeFi?

The Future of Web3

As Web3 advances, it will influence the internet and Social Media platforms. The contrast of a new generation internet that will be decentralized, transparent, and in most cases, created for the user is promising. Decentralized Social Media platforms may be on the verge of recapturing a new era of Internet relations with better control, privacy, and monetary rewards.

It is still unclear, but the core ideas of Web3 and technologies that lay the groundwork for this new vision of openness and decentralization make it possible to dream of a future where users have even more control over their experience. Whether it is the Web3 Social Media, the Blockchain, or Socialfi solutions, the change to Web3 is a new paradigm for our online lives striving to create a fair society on the Net.

In Conclusion, Web3 is an innovative concept that defines a new paradigm of people's engagement with the World Wide Web. So, by identifying the guidelines and prospects, it’s possible to be ready for the wave of digital interactions.

[digitalnotice]

Social Media Platform Floyx To Prevent Crypto Impersonation Scams

Social Media Platform Floyx To Prevent Crypto Impersonation Scams

Floyx, a Malta-based social media platform, aims to prevent crypto impersonation scams by developing a novel system.

Kamil Kępiński, the CEO of Floyx, explained that the platform can prevent malicious actors from impersonating firms and projects with a novel account system.

It has been reported that scammers commonly try to trick people out of their crypto assets by pretending to be major…

[dashpaynews]

Floyx Cryptocurrency-Focused Social Media Network Adds Dash With 50% Discount

Floyx Cryptocurrency-Focused Social Media Network Adds Dash With 50% Discount

Dash has been added as a payment option to the Floyx cryptocurrency-focused social media network, including a temporary 50% discount.

@Floyx_Ltd Launches Crypto News Social Network — Offers 50% discount on Dash Payments as a part of the #BuildWithDash family ! https://t.co/2XQfUWU5lp

— Build with Dash (@BuildWithDash) November 20, 2019

In an announcementthis week, Floyx launched a social media…

[globaltalentexchange]

BLOCKCHAIN- THE INDIA OPPORTUNITY TO UNLOCK VALUE

Technology today is pushing the boundaries of human possibility, accelerating social and financial inclusion, and making the planet healthier. We are increasingly realizing the impact of emerging technologies in improving the daily functions of our lives.

  The latest and most-discussed sensation is Blockchain. While several people associate this fascinating technology only with Bitcoin, Ethereum, and cryptocurrencies in general, in reality, it is so much more.

  India has had a tumultuous relationship with digital assets in particular and leadership took its time to come to terms with what Blockchain has to offer. Upon exploration, it became clear that distributed ledger technology (DLT) is massively beneficial for accelerated decentralized finance, improving supply chain management, whipping into shape the voting procedures, eliminating the shortcomings of the telecom industry, and much more- all while ensuring utmost data safety.

As per a report by Cross Tower and Us-India Strategic Par Partnership Forum, Blockchain and Web 3.0 innovations shall result in a $1.1 Trillion contribution to India’s GDP over the next 11 years.

  Perhaps the most fascinating aspect of Blockchain is that the progress we see to date is just the tip of the iceberg- as adoption increases and policies are rolled out, it shall find multiple use cases across all sectors, especially in a developing country like India.

  Global Talent Exchange organized a virtual roundtable discussion on “Blockchain - The India opportunity to unlock value” as part of our Technology Gamechangers Series. We intended to bring together thought leaders critical to the growth of this disruptive technology within our country to discuss the wide range of opportunities and possibly daunting challenges they see in the way of widescale adoption.

  The session was moderated by Raj Kapoor, Founder of the India Blockchain Alliance, the largest Indian emerging technology tech think tank, and an Advisory Board Member at over 20 blockchain companies including, Floyx, Spherium, and XxTripz. As a global Blockchain, Cryptocurrency, and FinTech educator, he has helped organize India’s biggest Blockchain events across major cities and has spoken at several international seminars and conferences worldwide. The panel consisted of 8 experts from companies that are defining the growth of Blockchain within the country. They engaged with GTX’s Co-Founder Avinash Bichali during the two-hour session to discuss how India is planning its road to a transformed ecology.

All the leaders were enthused about the use cases and opportunities that Blockchain presents. As a panelist pointed out, smart contracts aim to automate contractual processes, bring in efficiency, and enhanced decentralization, which can overcome the problems we face in four categories:

Time of run

Cost of run

Arbitration

Litigation

Most importantly, Blockchain will involve the end user in the processes- a critical aspect that has been missing till now.

  Mr. Kapoor went on to pose an important question before the panel: Will the country’s policies include smart contracts in the near future?

  There were a range of responses- a similar pattern that was noted was that although the policies are expanding and evolving to incorporate this emerging technology, the pace must increase rapidly if India is to establish itself as a major player internationally. The panelists agreed that authentication, agnostic, and payment structures need refreshing, all while cleverly taking account of the challenges that will inevitably come about with an increase in decentralization.

The experts reckon that India is headed in the right direction. Enterprise blockchain is shaping up powerfully, enabling massive investments and working to bridge the trust gap with the users.

  Several leaders felt that it was necessary to stop to identify the use cases so efforts can be focused. While we do lack a regulatory climate as of now, it can be argued that the best minds are working for it. The government must step up as a convenor- to bring consortium partners together- and as an ecosystem developer- by closely coordinating with the state governments and companies.

India’s Blockchain story is unique in itself. The country is planning for a digital currency- which shall be a great initiative, open up doors for the banking and financial sector, and enhance adoption.

A panelist also voiced the need for global action- countries must come together to create a regulatory framework that shall act as a standard for all. The thought leaders agreed upon the urgent need of building up awareness within the community. This can be done via seminars, webinars, and workshops and by incorporating this information at the University level as well.

Organizations must set aside time and resources to train their team about Blockchain and how they shall be expected to use it- and most importantly, why they should use it.

The community must be motivated and a standard for interoperability must be devised via a super-cluster approach that combines tech, users, and academia.

Blockchain has a massive social impact as well- it can help in distributing government subsidies fairly, prevent fraud, improve education, and more.

Moreover, organizations must get together to create a whitepaper with all the challenges, opportunities, ideas, and asks from the government in order to have a focused conversation and differentiate between what the lawmakers can help with and what needs to take its due course.

For any emerging technology, the drivers must have an arsenal of skilled and experienced talent. Unfortunately, India does not have a broad enough talent pool at the moment. The market demand is immense, but the availability is shockingly low. If India wants to scale fast, organizations must look beyond the border to bring in the talent we lack locally.

  All in all, the session effectively covered a broad range of topics- from the use cases to the opportunities and challenges we are presented with. Indeed, Blockchain shall be a major catalyst to revamp the governance processes to build a system that is increasingly efficient and transparent and fairly involves the end users when required as well.

  Also Read: The 5G Rollout: Expediting India’s Dream For Digital Transformation

[fallout-4-trainer-mrantiflt]

Fallout 4 Trainer +17 v MrAntiFun - download cheats, codes, trainers

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[cryptobitnews]

Crypto-Focused Social Media Platform Attempts to Tackle Impersonators Floyx, a Malta-based social media platform for the crypto community, is trying to prevent crypto impersonation scams by developing a novel system.

[floyx]

What is blockchain, how does it work, and is it secure?

A digital record book where data is stored in linked blocks, secured with unique codes, and can't be altered without permission. Blockchain, a peer-to-peer network, uses consensus to execute transactions between nodes, like transferring funds in cryptocurrency or sharing process data in other applications. Blockchains combine math and cryptography to create a secure system. Each block's design enables consensus and protects the network. 

[stefanxhunga]

Cryptocurrency, Business, Social Media And Social Community

Dash has been added as a payment option to the Floyx cryptocurrency-focused social media network, including a temporary 50% discount. Build with Dash@BuildWithDash @Floyx_Ltd Launches Crypto News Social Network — Offers 50% discount on Dash Payments as a part of the #BuildWithDash family ! Floyx Launches Crypto News Social Network — Offers 50% discount on Dash Payments. If you are a blockchain…

[thejoyofviolentmovement]

New Video: JOVM Mainstays Mint Field Release a Cinematic and Mediative Visual for Lush and Slow-Burning Single "Delicadeza"

New Video: JOVM Mainstays Mint Field Release a Cinematic and Mediative Visual for Lush and Slow-Burning Single "Delicadeza" @mintfieldband @felte_label @nathanisariot @riotactmedia

Initially founded in Tijuana, Baja California, Mexico by Estrella del Sol Sanchez and Amor Amezcua, the Mexican shoegazer act Mint Field quickly received international attention with the release of their debut EP Primeras Salidas, eventually playing sets across the North American festival circuit, including Coachella and SXSW, as well as venues across both the States and their native Mexico.…

[cryptonewstrending]

Crypto-Focused Social Media Platform Attempts to Tackle Impersonators

Floyx, a social media platform for the crypto community, aims to prevent crypto impersonation scams by developing a novel system. Floyx, a Malta-based social media platform for the crypto community, is trying to prevent crypto impersonation scams by developing a novel system. Floyx CEO Kamil Kępiński explained to Cointelegraph that the platform can prevent malicious actors from impersonating firms and projects with a novel account system. As Cointelegraph reported on multiple occasions, scammers commonly try to trick people out of their crypto assets by pretending to be major firms and…

The post Crypto-Focused Social Media Platform Attempts to Tackle Impersonators appeared first on CryptoNewsTrending.

source https://cryptonewstrending.com/crypto-focused-social-media-platform-attempts-to-tackle-impersonators/

[apexcryptonews]

Crypto-Focused Social Media Platform Attempts to Tackle Impersonators

Crypto-Focused Social Media Platform Attempts to Tackle Impersonators Floyx, a Malta-based social media platform for the crypto community, is trying to prevent crypto impersonation scams by developing a novel system.Floyx CEO Kamil Kępiński explained to Cointelegraph that the platform can prevent malicious actors from impersonating firms and projects with a novel account system. https://apexcryptonews.com/2020/05/25/crypto-focused-social-media-platform-attempts-to-tackle-impersonators/

[trinitydigest]

Floyx Launches Crypto News Social Network

http://dlvr.it/RN7NNQ

[cheyennejournal]

Floyx Launches Crypto News Social Network

http://dlvr.it/RN76qv

[desmoinesnewsdesk]

Floyx Launches Crypto News Social Network

http://dlvr.it/RN72DP

[thealphareporter]

Floyx Launches Crypto News Social Network

http://dlvr.it/RN72Cb