IS BLOCKCHAIN THE INTERNET OF TOMORROW?
With the Internet becoming a modern-day necessity, there is an increasing effort to liberate it from the grip of regulatory agencies and monopolistic tech heavyweights. Many internet users are becoming wary of firms that may follow and sell their most sensitive private information.
These difficulties have paved the way for a novel idea: a decentralized version of the Internet built on open-source blockchain networks. Several projects are attempting to replace critical components of internet infrastructure with decentralized, peer-to-peer systems that do not rely on a single intermediary or point of failure.
Problems of a Centralized Internet
The internet has democratized access to knowledge in unprecedented ways, and as we link a growing number of people to the internet, we like to fantasize about a globalized digital society in which everyone is free.
But there’s another side to this digital utopia, one that suggests the internet is silently becoming a new type of prison, one in which our lives are spied on and our…
