AWS is down again? Protocol Labs’ Filecoin — an ‘Airbnb for cloud storage’ — is a response to the risks inherent in centralized data storage and cloud giants
After some early turbulence, Filecoin is now opening up applications like video streaming and social networks that used to exist only in centralized Web 2.0.
As nations and private firms venture farther into the galaxy, blockchain and distributed ledger technology could help enforce rules and resolve conflicts.
Web 2.0 gave users the power to engage with other users and contribute content to the network, but data is still stored in centralized databases. Web 3.0 wants to end all of that.