Warning: unlink(/tmp/jnewslibrary-blAyOw.tmp): No such file or directory in /home/customer/www/coinparative.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 142
Signal CEO Moxie Marlinspike Bats for More Independence of Web3 From Centralised Platforms | Coinparative
Coinparative

  • News
    • Crypto News
    • Blockchain News
    • Altcoin News
    • Press Release
    • NFT News
    • Metaverse
    • Web3.0 News
    • Trending
  • Insights
    • Explainer
    • Research
  • Guides
  • Market
    • Market analysis
    • Market News
    • Reviews
    • Price Index
  • Videos 🚀
No Result
View All Result
  • About Us
  • Contact
  • jeet-detector-bot
    JDB(JDB)
    $0.00-0.61%
  • bitcoin
    Bitcoin(BTC)
    $0.004.28%
  • ethereum
    Ethereum(ETH)
    $0.007.85%
  • usdex-stablecoin
    USDEX(USDEX)
    $0.00-0.53%
  • tether
    Tether(USDT)
    $0.00-0.08%
  • binancecoin
    BNB(BNB)
    $0.007.58%
  • usd-coin
    USD Coin(USDC)
    $0.00-0.06%
  • ripple
    XRP(XRP)
    $0.004.09%
  • binance-usd
    Binance USD(BUSD)
    $0.00-0.33%
  • cardano
    Cardano(ADA)
    $0.009.42%
  • dogecoin
    Dogecoin(DOGE)
    $0.006.03%
  • matic-network
    Polygon(MATIC)
    $0.0015.42%
  • okb
    OKB(OKB)
    $0.0012.97%
  • solana
    Solana(SOL)
    $0.0012.72%
  • staked-ether
    Lido Staked Ether(STETH)
    $0.007.87%
  • polkadot
    Polkadot(DOT)
    $0.0011.73%
  • shiba-inu
    Shiba Inu(SHIB)
    $0.0012.05%
  • litecoin
    Litecoin(LTC)
    $0.006.79%
  • avalanche-2
    Avalanche(AVAX)
    $0.0017.18%
  • tron
    TRON(TRX)
    $0.005.25%
View All
Coinparative
Home Web3.0 News

Signal CEO Moxie Marlinspike Bats for More Independence of Web3 From Centralised Platforms

April 1, 2022
in Web3.0 News
240 12
A A
0
Signal CEO Moxie Marlinspike Bats for More Independence of Web3 From Centralised Platforms
Share on FacebookShare on Twitter

Moxie Marlinspike, the CEO of the encrypted social networking platform Signal, has given his first impression of the next generation of the Internet dubbed “Web3.0”. In a detailed blog, Marlinspike has criticised the prevailing dependence of the Web3.0 applications on centralised platforms. The component that distinguishes Web3.0 from the previous two generations of the Internet is its “decentralised” nature. Marlinspike says that in order for the Web3.0 space to fully mature, it needs to establish itself further away from the Internet that is presently controlled and governed by regulatory authorities.

The applications built on Web3.0 either run on blockchains or decentralised networks of peer-to-per servers (nodes) or even a combination of the two. The apps are called “Dapps” (decentralised apps). For these protocols, cryptocurrencies act like a financial incentive for anyone who participates in creating, governing, contributing to, or improving one of the dapp projects themselves.

Marlinspike has noted that Web3.0 needs to be tuned in a way that it can function without any reliance on the existing monitored Internet.

“Whether it’s running on mobile or the web, a dapp needs to interact with the blockchain somehow — in order to modify or render state. That’s not really possible to do from the client, though, since the blockchain can’t live on your mobile device (or in your desktop browser realistically),” the 42-year-old entrepreneur and cryptographer said in his post

“So the only alternative is to interact with the blockchain via a node that’s running remotely on a server somewhere. But, as we know, people don’t want to run their own servers,” he added.

The Signal CEO essentially means that dapps presently are running on servers controlled and monitored under the existing Internet infrastructure, which violates the basic principle of the Web3,0, which is “decentralisation” of the Web.

As per Marlinspike, more cryptography should be involved in shaping up the Web3.0 space. The technique of cryptography secures information and communications through the use of codes to prevent unauthorised access to information.

“We should accept the premise that people will not run their own servers by designing systems that can distribute trust without having to distribute infrastructure. This means architecture that anticipates and accepts the inevitable outcome of relatively centralised client/server relationships, but uses cryptography (rather than infrastructure) to distribute trust,” the tech enthusiast noted.

Marlinspike posted a link to his blog on Twitter, to which Ethereum co-founder Vitalik Buterin responded saying that new tech is offering people the best of both, the centralised as well as the decentralised world.

Responded!

I think the status quo comes from a present-day “missing middle” where we have centralized-but-easy things and decentralized-but-hard things, but new tech (w lots of cryptography!) actually is on the cusp of giving us the best of both worlds.https://t.co/XIx8f2oiVi pic.twitter.com/phTSrGW0OR

— vitalik.eth (@VitalikButerin) January 8, 2022

Meanwhile, Marlinspike’s Signal app is also participating in integrating the crypto element in the lives of its users globally.

The app has added a payment feature that allows its users to pay with a new, privacy-focused cryptocurrency called “MobileCoin”.

In order to bring privacy protection systems to financial transactions, MobileCoin has been loaded with features that make payments and transactions hard to trace but easy to confirm, a report by Wired said.

The feature that went into testing last year has been rolling out to Signal users internationally.

MobileCoin has been lauded on Twitter for its low dependency on centralised platforms.

MobileCoin (Signal’s new integrated coin) uses Stellar’s consensus mechanism. Who is running mobilecoin nodes? Is it any less centralized than any of these other web3 services that Moxie accurately derides?

Definitely not easy to run a node. https://t.co/9Dr1tjz9Iq pic.twitter.com/k60FgjRA38

— Lyle Pratt (@lylepratt) January 8, 2022 


Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.



Source: NDTV

Tags: Cryptocurrencymoxie marlinspikesignal crypto feature global users moxie marlinspike web3 signalweb3
Share196Tweet123Share34Pin44ShareSend

Related Articles

IBM’s Dr. Agata Slater: ‘BSV and the whole ecosystem is a very good fit for enterprises’
Web3.0 News

IBM’s Dr. Agata Slater: ‘BSV and the whole ecosystem is a very good fit for enterprises’

February 1, 2023
1.4k
Retail giant Amazon plans new NFT initiatives: report
Web3.0 News

Retail giant Amazon plans new NFT initiatives: report

February 1, 2023
1.4k
Gate2Chain Blockchain, Tourism and the Future of the Internet Conference highlights
Web3.0 News

Gate2Chain Blockchain, Tourism and the Future of the Internet Conference highlights

January 27, 2023
1.4k
When it comes to digital assets, is the Philippines Bull or Bear? The first PH Web3 Debate highlights
Web3.0 News

When it comes to digital assets, is the Philippines Bull or Bear? The first PH Web3 Debate highlights

January 20, 2023
1.4k
UAE VC firms launch joint fund for Web3 ecosystem worth $1 billion
Web3.0 News

UAE VC firms launch joint fund for Web3 ecosystem worth $1 billion

January 16, 2023
1.4k
Animoca Brands slashes anticipated Web3 fund to $1 billion: report
Web3.0 News

Animoca Brands slashes anticipated Web3 fund to $1 billion: report

January 12, 2023
1.4k
Load More

Discussion about this post

Coinparative

2022 © All Rights Reserved.

Coinparative specializes in the digital News and research on cryptocurrency, Digital Assets and Blockchain

  • Advertise
  • Privacy Policy
  • Terms
  • About Us
  • Contact

Follow Us

No Result
View All Result
  • News
    • Crypto News
    • Blockchain News
    • Altcoin News
    • Press Release
    • NFT News
    • Metaverse
    • Web3.0 News
    • Trending
  • Insights
    • Explainer
    • Research
  • Guides
  • Market
    • Market analysis
    • Market News
    • Reviews
    • Price Index
  • Videos 🚀

2022 © All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
DON’T MISS OUT!
Subscribe To Newsletter
Be the first to get latest updates and exclusive content straight to your email inbox.
Stay Updated
Give it a try, you can unsubscribe anytime.
close-link
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Warning: unlink(/tmp/jnewsfirstload-heXmt2.tmp): No such file or directory in /home/customer/www/coinparative.com/public_html/wp-admin/includes/class-wp-filesystem-ftpext.php on line 142