Web3 (or Web 3.0) will revolutionize the way we use the internet by incorporating decentralization via blockchain technology. Some believe it will change the internet the way bitcoin (BTC) and other cryptos have altered the financial paradigm. In order to understand Web3, its helpful to understand Web1 and Web2:

Web1 (or Web 1.0) is what we now call the internets early days. Web1 allowed you to consume internet content, but little else. Internet websites were static and non-interactive; you could merely send simple one-way messages or emails. Companies were starting to build their own web sites but largely as a glorified press release; it wasn't a way to interact with the public.

In this way, you could compare Web1 with a physical newspaper. Composed of paper and ink, you are only a content consumer. There is no way to transparently see how popular an article is or who is reading it and you cant interact with fellow readers.

Survey Says: Nobody Knows What Web3 Is

Web2 (or Web 2.0) is what most people simply think of as the current internet. Web2 is interactive and allows you to create your own content, comment and react to content, and interact with other users. This enabled the creation of social media networks and other interactive sites like Facebook, Twitter, Reddit, etc. Using our previous comparison, you could think of Web2 as our newspaper migrating to a website that allows you to interact in ways previously not possible.

Web3 is a response to concerns over personal data usage and internet privacy. In Web2, user data is largely controlled by major social media platforms, web browsers, and websites. Web3, conversely, is designed to be a more transparent and censorship-resistant version of the internet. More democratic than its Web2 predecessor, it puts people in control of both internet architecture and user data.

Using blockchain-based protocols in concert with AI,

Web3 is a decentralized version of the internet that allows users to own their own data.

Beyond that, Web3 embraces the crypto ethos and is designed to be permissionless (no centralized gatekeepers), trustless (no need to place trust in a third party), and open to all (little-to-no censorship of individuals/ideas).

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What Is Web3? A Decentralized Internet Via Blockchain Technology - Yahoo Finance

SAN MATEO, California and CHICAGO, Illinois - (NewMediaWire) - June 26, 2023 - Press Advantage, a leading provider of press release distribution services, today announced a major upgrade to its distribution network with the addition of the GoMedia Network and the integration of PRVerified, a blockchain-based proof of syndication solution provided by PRConnect that brings unprecedented online transparency at the point of syndication.

Comprised of over 100 branded local media sites throughout the United States, the GoMedia Network is further enhanced by PRVerified which provides readers with ready access to both the syndicated copy of the press release and the original source copy. The initial hash of the release is posted on the blockchain and can be rehashed through an intuitive, single-click interface to check for a match. The immutability of the blockchain enables Press Advantage to provide this level of irrefutable verification at the point of syndication to all of Press Advantage clients for no additional cost.

"The integration of GoMedia and PRVerified further solidifies Press Advantage's commitment to providing exceptional service and innovative solutions to its clients," said Jeremy Noetzelman, CEO of Press Advantage.

PRVerified uses the SHA-256 one-way cryptographic hash function to tokenize the original instance of the press release. Rather than storing the hashes in a private database, PRVerified leverages blockchain's inherent transparency and decentralization to store and share the hashes on the publicly-accessible Peercoin blockchain.

"By leveraging blockchain technology, Press Advantage aims to set new industry standards for trust, transparency, and accountability in press release distribution," added Mr. Noetzelman.

"PRConnect welcomes the opportunity to work in tandem with Press Advantage to fast track the development of new products and services," said Wing Yu, CEO of PRConnect. "We believe that blockchain technology and AI will revolutionize the press release industry by changing each and every aspect of the content syndication workflow."

PRVerified is now available for all of PRConnect's clients and can be activated within one business day. It can also be accessed as a widget associated with the press release's GUID and deployed on any Web2 site or Web3 dApp.

About Press Advantage

Press Advantage is a full-service press release distribution service provider composed of an elite team of marketing and SEO experts from Velluto Tech Incubator. They are one of the most reputable PR distribution companies in the US, based on a number of positive reviews and recommendations received from their previous clients. For more information, please visit http://www.pressadvantage.com.

About PRConnect

PRConnect is a leading content syndication and amplification firm that provides reliable service, innovative technology and custom solutions to help wire services and content marketers reach and engage audiences. For more information, please visit http://www.prconnect.com.

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Wing Yu

info@prconnect.com

650-636-5006

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Press Advantage Adds GoMedia Network and Leverages Blockchain Technology to Verify the Syndication of Press Releases - Yahoo Finance

11

As part of the 2023 Seventh Brussels Conference on Supporting the future of Syria and the region, the representative of the Civil Society Support Room (CSSR), Mr. Bahjat Hajar, delivered a speech at the ministerial meeting that followed the dialogue day. Mr. Hajar conveyed the recommendations and outcomes of the four working groups that brought civil society experts from different parts of Syria to discuss substantive Syrian crisis issues common to all Syrian parts.

The CSSR was established in January 2016 by the Office of the Special Envoy for Syria (OSE-Syria) as a mechanism to consult with a broad and diverse range of civil society actors. Through the CSSR civil society actors can meet, interact, and provide their insights and ideas to the OSE-Syria, relevant UN actors and international stakeholders.

Syrians for Truth and Justice (STJ) stresses the importance of adopting and applying the recommendations of the CSSR, delivered by Mr. Hajar, in order to reach an inclusive national discourse based on democracy, equality, and justice. STJ regrets the inability of two members of the CSSR to attend the conference, wishing for additional efforts from organizers in the coming years to include more voices from inside Syria and neighboring countries.

Here is Mr. Hajars speech:

Mr. Josep Borrell Fontelles High Representative of the Union for Foreign Affairs and Security Policy, ministers, Ambassadors, envoys, your excellences, and dear colleagues in Syrian civil society, Ladies and Gentlemen,

I am speaking to you today as a member of the CSSR, which was established by the Office of the Special Envoy for Syria based on UN Security Council Resolution (UNSCR) 2254 as a mechanism for including the Syrian civil society in the UN-facilitated political process. Over a year and a half, members of the room divided into four working groups, brought civil society experts from different parts of Syria and of different specialties to discuss substantive Syrian crisis issues common to all Syrian parts.

The experts broke up into four groups based on specialization:

The groups involved in constructive deep technical discussions led to reverse political polarization and establish an inclusive discourse based on justice, democracy, and peace.

I am here with you today to faithfully deliver the outcomes and recommendations of the four groups,

First, the civil society space and civic values group:

The group concluded that supporting the process of change requires,

Second, the economy, recovery and development perspectives group;

The group made a number of recommendations, the most important of which:

Third, the protection priorities for Syrians group

This group discussed the standards of a safe environment and emphasized the need to provide a basic social protection floor for all Syrians. The group recommended,

Finally, the local governance and decentralization group;

of which I was a member; saw decentralization as an essential step towards ensuring the integrity of the country, peacebuilding, and democratization. The group suggested basing on the current legal framework (The Local Administration Law Decree No. 107) to appraise the countrys experience and propose reforms in the political, economic, social, and service frameworks to improve governance by drawing on the experiences of all Syrian parts and the expertise developed. Accordingly, we make the following recommendations:

All four groups stressed the need to guarantee the rights and interests of women and youth.

Ladies and Gentlemen,

After Syrians decades of democratic quest and their 12 years of suffering, we, the Syrian civil society, still striving to achieve a democratic, civil, and modern state free from tyranny, violence, and radicalization, which can fulfill our objectives. We also work to preserve Syrias unity and stability and achieve its social cohesion and build its future.

Despite Syrias deadlock and the divisions between the de facto powers, and in light of the complete stalemate in the Syrian political process, the establishment of parallel tracks that are of no relevance to UNSCR 2254, and the absence of a real international action to address this reality; the Syrian civic space remains a main carrier of the values of the democratic movement of the Syrian people. Furthermore, the safe common spaces that provide an opportunity for a Syrian-Syrian dialogue will contribute to making positive progress toward implementing UNSCR 2254. This will be through producing insights, strategies, practical approaches, and new programs that enable us to progress towards achieving our goals within a democratic environment that respects human rights standards and celebrates freedom, difference, and diversity.

Greetings from the CSSR- the Office of the UN Special Envoy for Syria.

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Brussels Conference: STJ Supports the CSSR Recommendations - Syrians for Truth and Justice

Details

All-time hit scoring Bitcoin has become a highly profit-based cryptocurrency in terms of financial traits. These crypto prices keep on rising and continue to touch highs. Today's economic landscape prefers to use BTC assets due to its unique qualities and currency economic landscape. However, the financial organizations occupied with the power have been reduced through Bitcoin as discovered by Satoshi Nakamoto which planned to reduce the dependency on the centralized system and authorize people to make their transactions free of cost. You can visit https://quantumflash.io/ if you are looking for a reputable trading platform that will help you earn more profit.

However, most of the organizations have been taking care of work regarding Bitcoin mining, comprising Foundry, a digital currency group (DCG) subordinate concentrated on digital asset mining. After executing months of the beta system, Foundry has opened up its mining pool for some institutional mining purposes. Moreover, after every four hashes, Foundry has successfully maintained its 10th position in the mining pool in terms of power generation. The Twitter account of Barry Silbert reveals that the DCG's Chief Executive Officer contends that Foundry has successfully placed its 5th position in the mining pool and further gives signals for the advance breaking of the Chinese mining pool monopoly.

Mining share adopted by the US

The American institutions were expecting to make a demand for the US mining pool for purchasing purposes and are also filled with almost $550 million into the mining equipment which reflects its bullish expectations. further step mining solutions in Countries like North America launching its mining pool and further have been offered by the Foundry, which is a leader in mining equipment. The expected estimation Beta testing where it successfully mined about 790 Bitcoins since November 2022. Now on May-23, the count has reached 38 blocks.

On May 23, a partnership with Bitfarm was launched with a significant hash rate of 20 % to boost the network. Bitfarm will soon start its launching platform to execute partnership works with Bitfarm where the core motive will be to 1500 machines with a minimum payment of as little as 15%. Moreover, as and when North America joined the mining pool with block caps, they have contributed more than 1.2 with almost 11,000 machines used to do mining work to the US mining pool due to which the computing power of the network is growing.

The significant impact of the mining pool

Although Mining Bitcoin has turned into a beneficial industry, farms need to permit the cheapest energy sources. Due to this China allowed conditions in favour of renewable energy with inexpensive circumstances. However, as compared to others, Mustafa Yilham has declared that they can illustrate with more valuable and dedicated sources of energy. In addition to this, in Xinjiang, alternative farms will be found by the miners to maintain their earnings. Although Miners within China are pursuing to emigrate after the occurrence, which clattered the cost of Bitcoin.

The contrary part of Bitcoin decentralisation

A data review on the website of Bitcoin named BTC.com, states that although there are multiple pools available on the mining pool still Foundry only accounted for 5% of all the blocks mined on the last day. But this theory was contradicted by the tweet given by Barry Silbert who claimed that the sharing network of his company is about 8% globally. However, decentralisation is not possible to complete as long as Bitcoin becomes the primary requirement of every single individual.

The Decentralization of Bitcoin

Five big companies-controlled Bitcoin's operations causing troubles in respect of centralization power. However, the Bitcoin network could be sabotaged by a 52% attack where one commodity supervises 52% of the networks hash rate and can modify block composition. According to an examination by Token Analyst, 50% of the network hash rate is from China.

Conclusion

Multiple resources are responsible for Bitcoin mining and the network hash rate growth stimulates the access obstacle for any at-home rig. However, the Proof-of-work is dependent on energy consumption at a large scale. Moreover, the data from Foundry indicates that financial assets are required urgently to provide financial help for such tasks. However the recently ongoing Bitcoin decentralisation controversy focused on the centralization of power inside mining tools. However, the rays of light brighten the thought when the largest mining pool name Brains which also works to operate Slush Pools aims to target the centralization with Stratum V2.what else what the network of power can be brought down to the someone level, thus developing a censorship-free network.

DISCLAIMER: Branded Voices features paid content from our marketing partners. Articles are not created by Native News Online staff. The views and opinions expressed in the Branded Voices are those of the authors and do not necessarily reflect the official policy or position of Native News Online or its ownership. Any content provided by our bloggers or authors are of their opinion and are not intended to malign any religion, ethnic group, club, organization, company, individual or anyone or anything.

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The early concept of Bitcoin Decentralization | Branded Voices ... - Native News Online

Blockchain technology has undoubtedly revolutionized various industries, promising enhancedsecurity,transparency, anddecentralization. In the rapidly evolving landscape ofblockchain technology, one of the most pressing challenges faced by developers and businesses alike is the blockchain trilemma, which refers to the trade-off between scalability, security, and decentralization. Balancing these three pillars has been a long-standing issue within the blockchain community. But now, a groundbreaking solution has emerged to tackle this trilemma head-on:Shardeum. By harnessing the power of sharding, Shardeum aims to provide a scalable, secure, anddecentralized blockchain ecosystem, offering a promising future for the blockchain industry. In this blog post, we will explore the concept of sharding and delve into how Shardeum is paving the way for a new era of blockchain technology.

Consider the scenario where you assume the role of a superhero entrusted with the crucial mission of safeguarding the world from an imminent catastrophe. Your decision-making process involves selecting two superpowers out of three available options: flight, super strength, and invisibility. It is important to note that you can only possess two powers simultaneously, adding an element of strategic choice to the equation.

Analogously, the concept of the blockchain trilemma presents a similar predicament withindecentralized networks. In this context, the three superpowers are decentralization,security, and scalability. Just like our superhero protagonist, decentralized networks face the constraint of being able to possess only two of these superpowers concurrently.

The blockchain trilemma holds considerable significance in the realm of cryptocurrencies and blockchain technology and was originally introduced by Vitalik Buterin, the co-founder ofEthereum. This term describes the challenge faced byblockchain technology, where it is difficult to achieve all three fundamental properties simultaneously: security, scalability, and decentralization. According to Vitalik, it is typically only possible to have two of these properties at a given time, inevitably sacrificing the third one. As security plays a crucial role in publicblockchain platforms, they frequently face the trade-off between scalability and decentralization when making decisions.

Bitcoin, the pioneering and widely recognized blockchain-based cryptocurrency, exemplifies the blockchain trilemma in practice. Bitcoin prides itself on its high degree of decentralization, with numerous nodes dispersed worldwide. This decentralized nature enhances its security, as no single entity or collective holds control over the entire network, bolstering its resilience against potential attacks. Nonetheless,Bitcoinfaces challenges when it comes to scalability as it can only handle a restricted volume of transactions per second. Consequently, during periods of heightened demand, the network can experience congestion, leading to elevated transaction fees. In comparison to established credit card processors like Visa and Mastercard, Bitcoin falls short, as these competitors can swiftly process transactions within milliseconds.

Although layer 2 solutions and applications have helped alleviate the scalability problem, the advancements made so far have been mostly incremental in order to meet industry requirements. While the goal is to transition fromWeb2 to Web3, it is important to recognize that Web2 offers a user experience that is familiar and efficient on a global level. ForWeb3to effectively replace Web2, it must significantly increase its throughput capacity to facilitate widespread adoption and enable the full realization of blockchains inherent benefits, such as enhanced security,privacy,and decentralization.

Sharding has been a familiar concept in the blockchain industry for quite some time and has been extensively explored by prominent layer 1 blockchains likeEthereum. It has been long recognized as an effective solution for improving scalability in various applications, particularly within centralized databases. But how does sharding actually enhance the scalability of centralized networks? Put simply, sharding involves dividing the task of validating and confirming transactions into smaller, more manageable fragments, known as shards. While sharding is undoubtedly the most effective approach to addressing scalability concerns, implementing it in blockchain-based networksis considerably more challenging compared to centralized databases.

Shardeum brings forth an encouraging development as it implements a unique approach to consensus and processing, operating at the transaction level instead of the block level. Furthermore, the network employs dynamic state sharding to distribute the computational workload, storage, and bandwidth evenly and dynamically across all nodes. This groundbreaking technique enables parallel processing of transactions and significantly reduces the burden onvalidator nodes, as they only need to store the state data of the transactions they are directly engaged in.

Dynamic state sharding holds immense significance in the realm ofShardeum. Its importance lies in enabling the network to sustain consistently low transaction fees for both developers and end users. It is crucial to clarify that dynamic state sharding represents the cutting-edge iteration of sharding techniques, encompassing state, transaction/network, and static state sharding.

In contrast to previous versions, this solution adeptly addresses various challenges including extended latency, vertical scalability (as opposed to linear scalability), sybil attacks, limited finality, and the absence of cross shard composability. However, it is essential to note that dynamic state sharding also stands as the most intricate approach to partitioning a networks state.

Shardeum operates with a network that lacks a predetermined set of fixed shards or nodes. Instead, nodes within theShardeum networkpossess the freedom to relocate and adapt to accommodate varying amounts of data, functioning as dynamic shards. The implementation of dynamic state sharding is seamlessly integrated with Shardeums auto-scaling capability. As a result, the network can autonomously regulate the quantity and dimensions of shards in response to the existing workload. This dynamic adjustment empowers the system to enhance performance and sustain exceptional scalability as it expands and progresses.

Dynamic state sharding onShardeumovercomes the limitations of static state sharding by allowing the network to adapt and expand based on changing demand. It addresses two critical issues: facilitating dynamic growth by creating new shards in real-time to accommodate increasing demands, and eliminating the bottleneck caused by sequential processing in static state sharding. With dynamic state sharding, transactions can be processed in parallel across multiple shards, improving network efficiency and reducing latency. By adopting dynamic state sharding,blockchain networkscan achieve scalability and improved performance. On Shardeum, dynamic state sharding assigns dynamic address ranges tovalidator nodesacross multiple shards, achieving consensus at the transaction level and supporting cross-shard composability.

In a sharded environment, cross-shard communication allows transactions to access and utilize data from different shards. This enables the execution of challenging transactions andsmart contracts. Atomic composability ensures that transactions are executed atomically, minimizing the risk of failures or an inconsistent blockchain state.Shardeumensures effective execution of complex transactions and smart contracts while maintaining blockchain integrity and consistency.

By adding nodes from its standby validator pool during peak demand,Shardeums networkachieves instant increases in transaction throughput. This unique feature allows the network to scale linearly, making it the firstWeb3 networkwith such capability. This scalability positively impacts various aspects of theblockchain network, including throughput, decentralization, security, and transaction fees that remain constant regardless of network demand. Shardus, Shardeums underlyingprotocol, has already demonstrated 500 TPS with 100 nodes in the past three years. Shardeum has set its sights on attaining even greater figures, targeting a potential milestone of 1 TPS (transactions per second) or higher per node. This accomplishment would represent a notable advancement for theWeb3 ecosystem. In comparison, existing blockchain networks with around 2,000 active nodes can only process an average of 350 TPS, while traditional Web2 platforms like PayPal and Visa process an average of 5,000 TPS daily.Shardeumenvisions mobilizing millions of nodes, enabling over 1 million TPS and empowering DApps to serve billions of users while eliminating middlemen exploiting data and privacy.

Shardeum utilizes a unique consensus algorithm called Proof-of-Quorum (PoQ) to validate and update transactions. Unlike traditional algorithms like Proof-of-Work (PoW), PoQ allows nodes to validate transactions individually upon receipt, followed by sharing the information with other nodes in a consensus group. This strategy guarantees that all nodes within the group possess knowledge of every transaction, resulting in a trustless assembly of votes or a quorum in the form of receipts. When more than 50% of the receipts are obtained, transactions are confirmed and updated on the network. Before being sent to archive nodes, individual transactions are grouped together.

Shardeum aims to enhance security through a unique combination of Proof of Quantity (PoQ) andProof of Stake (PoS) consensus mechanisms. A specified amount of coins is required to be staked, thereby reducing the risk of potential misbehavior. Additionally, the network assigns a random node ID tovalidator nodesusing the consensus algorithm. In addition to validator and archive nodes,Shardeumalso includes standby nodes, which serve as backups and can accommodate increased demand. The network dynamically rotatesvalidatorand standby nodes using the node IDs, making it highly challenging for malicious actors to seize control of the network.

Auto-scaling is a crucial feature that allows a network to adjust its capacity according to demand.Shardeums protocolautomatically detects the networks current capacity and adjusts the number of active validator nodes and shard size accordingly. This ensures optimal performance and incentivizes the network to operate efficiently. Additionally, Shardeum aims to promote decentralization by making it easy for average individuals to join and operate a node with minimal resources.Validator nodesonly need to maintain the current state within a shard, while historical data is stored in archive nodes. Running a node on the network is affordable and helps reinforce security while enabling horizontal scaling.

Shardeumoperates on the guiding principle of being Open, Collaborative, and Community Driven (OCC). The projects EVM-based network is developer-friendly, eliminating concerns about rising gas fees and enhancing the user experience of DApps. Instead of competing with other L1 networks, Shardeum aims to disrupt the under-utilization ofblockchain technologyand become a beacon of hope for existing and futureWeb3 platforms. By focusing on delivering a transformative impact, Shardeum recognizes the enthusiasm of todays youth in actively working towards a more equitable world.

By combining innovative techniques such as sharding,proof-of-stake consensus, anddecentralized storage,Shardeumhas managed to address the challenges of scalability, security, and decentralization in a remarkable way. Its ability to process a high number of transactions per second, maintain a robust securityprotocol,and distribute data across a network of nodes make it a compelling option for developers and businesses alike. With Shardeum, the blockchain trilemma is no longer an insurmountable obstacle, paving the way for a more scalable, secure, and decentralized future for blockchain technology.

Dr. Ravi Chamria is co-founder CEO of Zeeve Inc, an Enterprise Blockchain company. He has an experience of 18+ years in IT consulting spanning across Fintech, InsureTech, Supply Chain and eCommerce. He is an executive MBA from IIM, Lucknow and a prolific speaker on emerging technologies like Blockchain, IoT and AI/ML.

Passionate About: Blockchain, Supply Chain Management, Digital Lending, Digital Payments, AI/ML, IoT

Specialities: Strategic Management, Technology Innovation, Product Management

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