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Lightpaper vs white paper4/19/2023 ![]() But when those projects do upgrade to an architecture like Point Network, they can finally become completely decentralized and truly unstoppable. However, we categorize them as "Web 2.5": they're almost there, but they're not ready for the fight with the final boss: a coalition of Big Tech companies and governments when they decide to attack web3. They rely on browser extensions like Metamask and Phantom, which Google can remove at any point, making 99.9% of users confused about how to access their dApps and even their fundsĭespite this, we do not disparage teams and projects and we support their efforts in moving closer to the Holy Grail of Web 3.0.They rely on centralized storage and centralized infrastructure to serve their website code, which adds another potential point of failure, censorship and security vulnerabilities (see an example of a DAO that has lost its users $120M because of a centralized UI).government by any moment, or their DNS provider can get compromised, which has happened before They rely on centralized domains that can be taken away by the U.S.We first discuss the protocol and how stability is achieved and maintained, through the calibration of. Meanwhile, they still rely on web 2.0 infrastructure for everything else: The rest of the paper is organized as follows. Most of them have only smart contracts decentralized. Unfortunately, almost all apps that currently market themselves as "decentralized" and "web3.0" do not stand up to the scrutiny when you examine them. We invite you to learn about how we do this, try the alpha, and explore why everyone should migrate to this next generation of the internet. Which makes this architecture the only network deserving to be called " web3", fulfilling the dream of a fully decentralized internet. Point Labs has invented and built Point Network, the first of its kind network which decentralizes every major component of the legacy internet: decentralized domains, decentralized storage, decentralized identities. and browser extensions like Metamask which can be pulled by Google at any moment.centralized storage which can and does get censored by cloud providers.centralized domains which can be taken away by domain registrars.There are many projects calling themselves "web3", but they still use: Open for everyone, censorship-resistant, permissionless, privacy-oriented internet with programmable money built right in. Tor, Bittorrent, Bitcoin, Ethereum - all these projects were stepping stones on the way to the Holy Grail - decentralized internet, also known as web 3.0.
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