How does one define what Web3 really means if no one can agree on what it actually is? Max Parasol delves deep to try and answer this question. (Via CointelegraphZN)
Kris, the Web3 founder, agrees with Hooker that “privacy is not the issue, value for data is the issue.” People accept that they will lose their data privacy, so they might as well tokenize it. People give up their data readily, why not get paid for it?
This is the ease of adoption problem: “These are hard problems about human coordination, not about software or blockchains.” Many will choose a Facebook API for ease of use. It’s the business model and UX/UI experience that is crucial. Kris, the start-up founder argues that: “Web3 needs a better UX, public-key cryptography is a different way to login, it needs to be improved. What does key recovery look like for a user?”
Scalability without sacrificing decentralization protocols remains a clear goal for Web3. But, decentralization is hard and centralized services are more user-friendly in many ways.recently this is why Binance to Binance transactions trump Ethereum payments in some places because they don’t have to be verified 12 times to be processed.
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