In practice, full decentralization has been hard to achieve and even has some drawbacks. If you are not relying on a central party to execute a transaction, you also cannot rely on them to mediate a dispute or reverse a fraudulent transaction. You cannot seek damages because no central party is at fault.
Web3 has a new challenge: How to scale this technology to meet the demands of enterprises and onboard the next billion users, without trading away the very thing that makes blockchains a powerful tool—their decentralized, trustless, immutable nature.
Don't let the crypto price "tail" wag the Web3 "dog."
Join Alex Tapscott and Michael Hainsworth as they engage in a high-level, beginner-friendly, and educational episode that breaks down Web3 in simple terms, discusses its applications and disruptive potential on financial markets, introduces the Ninepoint Web3 Innovators Fund (TSX: TKN; TKN.U), and more! The Internet is entering a new era – Web3. Web1, which we now think of as the “Dot Com era,” gave us a new way to consume information digitally. In Web2, the web became not only a medium for the presentation of information but also a powerful tool for communication and collaboration online. Enter Web3, the “Read-Write-Own Web,” a decentralized Internet that enables individuals to move, store and manage assets like money, securities, intellectual property, art, data, and our identities privately, securely and digitally. Web3 has the potential to make the web more fair, private, decentralized, resilient, and more inclusive. As with prior eras of the Internet,...
Ninepoint Partners Digital Asset Group Managing Director Alex Tapscott joins Ed Ludlow to discuss the January jobs report that showed a red-hot US labor market, with hiring unexpectedly surging, as layoffs in the tech sector only intensified. (Source: Bloomberg)
Early morning gains for the crypto were quickly erased in Thursday afternoon trading.