Web, Blockchain and Crypto. History and fundamentals

In 1991 the World Wide Web was presented. A new structure in digital format that began to change the order of things. This structure was accessible only from our computer, where for the first time information was obtained outside the books and communication with other people outside the use of letters or telephone. The most powerful digital tool was born, the Internet.

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 With the Internet, the concept of the NETWORK is digitalized. The network economy or rather the economy on a network is not new. For many thousands of years different groups of people used it for their daily activities. What is new and attractive now is the digital format of this network, categorizing the internet and more specifically its new value layer Blockchain, as a new world economic order. 

 Digital networks have the virtue of generating exponential curves in terms of diffusion, use and impact due to the ease they have in reaching the masses, and making content viral. The success of these virtual networks depends directly on the trust that people place in them, that is their intrinsic value, for example gold, the value of gold is 0 except for the one that human trust gives it.

 Geopolitical, financial, social and technological phenomena come together to give value to digital networks. Whatever their field of development: social, payments, services or access, among others. Cryptocurrencies, based on this same network effect, are the next success story and key tools for people to access a more adapted, inclusive and integrated web and services.

 Cryptocurrency and network economics are still largely unknown areas and unfamiliar or unfamiliar to many. Therefore, we must understand in a simple way how technology is helping to evolve many aspects that we do, because they are intangible, but will impact our lives directly.

The Internet is undergoing a metamorphosis and in order to have a good perspective and understand where we are moving as a society and as individuals, I think it is necessary to review the key aspects that have led to certain achievements.

The architecture of the new internet comes from a series of phases that are leaving advances that are impossible to ignore and leave their mark in order to achieve the next breakthrough. It can be said that the digital plane is being configured around the Web, Blockchain, cryptography, DeFi and NFTs.

WEB’S

PayPal, Amazon or Google make up what we can call WEB 1. They appear in a very early and initial phase of this technology, placing this phase between 1993 and 2002, where low bandwidth, static websites, physical commerce, limited hardware and the use of email and a kind of primitive chat to talk and communicate with other people from anywhere in the world began to explode.

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On that large and completely empty layer, entrepreneurs, leaders and technologists begin to build a second phase, the WEB 2 (2002 – 2018). An orchard to be explored that begins to change the way we communicate, relate to each other and entertain ourselves, as well as the way we carry out simple transactions without having to be present in many places (banking transactions or shopping in online stores). Facebook, Instagram, Uber, Stripe appear thanks to the availability of real bandwidth, a primitive AI/ML system, mobiles and cloud storage.

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Now we are in full incorporation of web 3, we can say that it starts in 2019 and will last until we get the following relevant developments that will confirm web 4, web 5 structures. Bitcoin, Starlink, Ethereum take over and are shown not as applications, but as intangible concepts possible, thanks to the sum of technologies that years ago worked on creating a revolution on the internet. Virtual reality, powered reality, sensors, 5G, cryptography and renewable energies are leading and leading the new composition and the new functions that the network of networks is acquiring. We have vitaminized internet, ready for entrepreneurs, creatives, leaders and visionaries to build again in a free way, without censorship, without permissions and under innovative proposals (where only code and algorithms are involved) capable of leaving out of the equation the intervention of people. 

We urgently need to solve serious problems we have in the world. Need to include in all this progress the most disadvantaged and create experiences beyond 3D.

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BLOCKCHAIN

Thanks to the sum of technologies that gave risen to the blockchain concept, the evolution and revolution in the Internet can be felt today. This concept has allowed us to move from the traditional client-server model (a closed system that connects to each other, where companies were proprietary) to a decentralized architecture that solves some of the problems of the client-server model, through peer-to-peer networks with perfectly designed incentives to keep the network alive and serviceable. The user is now allowed to send, receive and read transactions, eliminating for the first time the dependence on the technical side to scale and give that power to the social side.

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To date, we can distinguish in Blockchain (or within the blockchain architecture itself) 4 layers that support it and provide it with viability, waiting for mass adoption.

Layer 0 or Hardware, intended for validators/servers.

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Layer 1 or consensus, where bitcoin shows the way and lays the foundations.

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Layer 2 or automation/self-execution of processes, Ethereum and smart contracts.

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Layer 3 or tools, creating and delivering wallets and interfaces that provide utility to all the previous layers.

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To be continued……………………….

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