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A redesign of the entire Internet is underway, now here’s two revolutionary Web3 technologies you may have never heard of building distinctly different futures.
Time for a thread
Time for a thread
1) Web3, Meet #Elastos
Misson: Build accessible, open-source services for the world, so developers can build an internet where individuals own and control their data.
@ElastosInfo is re-calibrating how the internet works by putting users first.
Misson: Build accessible, open-source services for the world, so developers can build an internet where individuals own and control their data.
@ElastosInfo is re-calibrating how the internet works by putting users first.
2) #Dfinity “Internet Computer”
Blockchain-based cloud computing project that aims to become the cloud 3.0.
@dfinity is trying to improve the way applications are deployed, scaled and run.
Blockchain-based cloud computing project that aims to become the cloud 3.0.
@dfinity is trying to improve the way applications are deployed, scaled and run.
3) Similarities: Contrasting in approach, both #Elastos and #Dfinity are companions on this journey to build Web3.
Differences: Nearly everything else
And here’s why...
Differences: Nearly everything else
And here’s why...
4) #Dfinity is set out to replace cloud hosting for apps by decentralizing the backend cloud environment where apps run.
#Elastos is set out to give ownership of data to users for any app by decentralizing the middleware layer such as authentication and proof of ownership.
#Elastos is set out to give ownership of data to users for any app by decentralizing the middleware layer such as authentication and proof of ownership.
5) The primary competition for @dfinity are Amazon Web Services (AWS), Google Cloud Platform (GCP), and Microsoft Azure as they’re attempting to improve the way applications are deployed, scaled and run.
6) While building an extension of the Internet will continue to become increasingly desirable, the primary competition for an infrastructure such as @ElastosInfo is lack of knowledge and understanding that #data handling on the Internet must be improved.
7) With different offerings both could benefit one another:
Apps built on #Elastos could use the Dfinity hosting environment to become decentralized at the deployment layer, and apps using #Dfinity could use Elastos DIDs and Vaults to achieve true data ownership for their users.
Apps built on #Elastos could use the Dfinity hosting environment to become decentralized at the deployment layer, and apps using #Dfinity could use Elastos DIDs and Vaults to achieve true data ownership for their users.
8) Now how does one rank Web3 projects?
There will be 469,213,710 $ICP once in circulation with a market cap of 50-100B
There will only ever be 28,220,000 $ELA with current market cap 211MM https://messari.io/screener/web-3-9FF63B8C
There will be 469,213,710 $ICP once in circulation with a market cap of 50-100B
There will only ever be 28,220,000 $ELA with current market cap 211MM https://messari.io/screener/web-3-9FF63B8C
9) The need for an Open Decentralized Internet is here to stay.
Web3 projects will come and go.
Do your own research and support these technologies.
The winners will be revolutionary
Web3 projects will come and go.
Do your own research and support these technologies.
The winners will be revolutionary
10) If you enjoyed this thread:
Follow me to learn about Web3.
Check out @TuumTech for developer solutions.
and, Sign up @tryProfile to test social on Web3.
Follow me to learn about Web3.
Check out @TuumTech for developer solutions.
and, Sign up @tryProfile to test social on Web3.
