We all have seen how the utilization of BRAVE continues to increase as adoption seeps into the realms of those outside of the cryptosphere. With minimal notable differences from the infamously popular Chrome browser, to improving internet browsing speeds, reducing unwanted advertisements and instead actually paying users to view the advertisements that Chrome gets all the profits from.
At least with BRAVE the transition from knowing nothing about cryptocurrency, other than the name Bitcoin, to at least have the ability to handle something within the same realm with the ease of practically just using google chrome. But even then, the foundation and team behind the "Privacy based" web browser is a centralized entity that must either take profits in one form or another or be registered as a not-for-profit organization. Now the upside to this both for BRAVE and Crypto in general is the ability to seamlessly transition someone into utilizing cryptocurrencies without having to dive down the rabbit hole that is the cryptosphere.
(I am still holding my BAT for $1 BTW)
Where DECENTR Will Become Triumphant
One of the big allures to cryptocurrencies and the projects throughout the space is the, mostly, decentralized nature of cryptographers psychology and the idea that the cryptosphere revolves around (pun possibly intended). Decentr is here to help you turn the page on BIG TECH and stop helping them make money from your data and start REQUIRING companies to actually pay you for the information they make money from!
One of the many great reasons why Decentr will be triumphant is best stated in their whitepaper that says:
The potential is evident: the data economy in the EU alone is estimated to have had a value of almost
USD $400[Billion] in 2016 and is projected to more than double by Q42020,reaching $939[Billion]. Globally, it is
estimated that better access to data can help unlock at least $3-5[Trillion] in global economic value, which
represents an increase of 3.7-6.5% of the Gross World Product (GWP).3 Yet, despite these predictions,
global industry and governments have been slow to embrace the development of a sustainable data
economy – underscoring what the true potential might be.
It might be somewhat unknown that companies like google, facebook, twitter utilize as much data as they can possibly retrieve from you (you consent to this when you check the box after 800 pages of the Terms of Service contracts) and they are selling this aggregate information. While they say they don't sell your information they "technically" don't, that would be useless for them, they are really selling companies your time and they help these companies by using the information they collected to send specific advertisements to you that will both get the company to purchase more ad space as well as increase traffic to this company. I won't get into the psychology, sociology, or economics behind this because this is about YOU controlling YOUR own information and making the money you should be making when you are being sold as the product! I highly recommend watching The Social Dilemma if you want to understand more about how you are the product!
The Path to a Better and DECENTRalized Web
The Decentr foundation was founded at the end of 2018 and their long road of research and code implementation began! By the first quarter of 2019 the dedicated team had completed preliminary research to determine exactly what some of the most valuable assets are in the modern age of technology. Through 2019 the Decentr team had completed their back-end code and basic web architecture to have completed initial blockchain integration for preliminary testing. Earlier this year they released their BAT contender, DEC and completed the token sale before continuing to integrate the architecture with DeFi and Data-as-Value functions to be prepared to launch the distribution protocol to match the Data-as-Value coding. I personally have been buying up DEC every chance I get lately as the value at this point is practically nothing for what it's going to be in the near future.
The Decentr Web architecture as described from their website
Decentr web 3.0 architecture
FRONT END
1. High Quality UX-UI1 to 2: User Interaction.
The performance of high quality UI/UX ensures effortless adaptation to your surfing style.
2. Web Browser Add On2 to 1: Fetching data needed to propagate UX depending on the needs of the user.
2 to 3: Connecting to app protocol and controlling interactivity.
Decentr's web browser add-on turns all user-centric backend activity into a frontend web browser experience.
BACK END
3. User-Centric Applications3 to 4: Hosting and distribution of data.
A user-centric DLT ecosystem enhances interactivity between you and other user-centric applications.
4. Peer-to-Peer Hosting4 to 5: Validation for overall system.
User data stored on decentralised cloud storage enhances resilience, becoming more secure and faster the more it scales.
5. Local Validation Concensus5 to 3: (Multi-directional) Ensures the applications have the same validation principles and are inter-connected.
The basis of the system ensures tamperproof protection whenever you validate the activity of others.
This specific architecture and the consensus behind Decentr is truly a game changer for the new DECENTRalized web, and it will be extremely economical by reducing the energy cost associated with many other cryptocurrencies by up to 98% (Including BAT with exorbitant gas fees right now). (I assume the 98% is compared to the least economical coin). The Decentr platform will be able to achieve this with the use of a Proof-of-Engagement algorithm that I can only assume will be in similar fashion to PRESEARCH search engine. Another extremely unique feature is the fee-free sale of your own data that will allow payment to be received nearly instantaneously in order for a seamless Data-to-Currency function they are pioneering. This can be seen in their Whitepaper where they specifically state:
INNOVATION
Decentr’s critical innovation is eliminating the role of “money”-currency (fiat or digital) as an unnecessary and costly
third-part y medium for online exchange's by :
1. Repurposing data as a near-instant and fee-free medium of economic exchange, reflected in its own
corresponding exchange rate (PDV) , while;
2. Also delivering a suite of tools as part of our web browser and platform to enable every user to easily and
conveniently structure and pay with their private and public data and metadata.
In order for Decentr to "price tag" user data they utilize Einsteins theory of relativity in that every cause has an effect that is relative to each other. In this sense, each users data will have its own worth that is relative to that user and all the other users within the system of relativity. This mechanism as I understand it will result in a continually learning and adapting system that is constantly able to react and adjust to the relative user engagement.
My Final Thoughts on Decentr and $DEC
I am extremely excited about this platform and their innovative solutions to more than one problem that can be seen throughout all sectors. I believe the launch of the Decentr MVP early next year will be something that many of you will be looking forward to, just as I am currently. The $DEC token will have a total supply 500,000,000 less than that of the only true competitor in $BAT, which gives it a little more favorable price in terms of eventual users. Depending on the overall web platform and interoperability between the DECENTRalized web and the regular web so that users of BRAVE who are not really involved in cryptocurrency could easily convert to use Decentr just as they did when they left Chrome for Brave. With the strong team behind Decentr and the unique use case of both the platform and the DEC token this one will undoubtedly become one of the top projects in the near future!!!!
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