Only with the right tech, tools, and infrastructure can we usher in the Web3-based decentralized future the world needs. Cherry Network was built to do just that. Here’s how.
From Centralization to Decentralization via Blockchain
The concepts of distributed ledger technology (DLT) and transparent, auditable transactions secured in a blockchain have been revolutionary for multiple reasons. First, they raised the bar in terms of what was possible in the provision of massively scaled online apps and services. Why should end users be restricted by the rules and limits of centralized apps and platforms instead of everyone participating on equal terms? Blockchain-based decentralization offers a way around this, and helps give the power back to the user. Second, this “changing of the guard” and the removal of centralized gatekeepers has opened new frontiers of value for innovations and ideas targeted at the billions of global users who have grown weary of the restrictions, unfettered clout, and unilateral censorship power of centralized tech powerhouses.
Because of these developments, it is no wonder that blockchain-based apps and services have taken the world by storm. We now have successful crypto and blockchain projects operating in every field from healthcare, finance, and entertainment to governance, education, transportation, and more.
From Web2 to Web3
Blockchain’s early days took place in Web2, which was largely dominated by large, centralized apps and platforms. Think of Apple’s App Store, Google’s Play Store, YouTube, Facebook, and other centralized platforms that boast billions of users but are controlled by centralized entities. With the growth of the decentralized, user-focused Web3, however, things are changing rapidly. We now have decentralized apps and solutions that run on trustless, transparent, and censor-proof smart contracts connecting with decentralized file storage replacing centralized Web2 apps running on centralized servers.
This is a monumental paradigm shift that, although occurring slowly, is the inevitable endgame for Web2 apps and services. Once Web3 gains critical mass and all the world’s leading brands, apps, and services migrate to decentralized infrastructures, having the right network backbone and the right tools, incentives, and support services in place will be critical to value creation, profitability, and success Enter Cherry Network
Cherry Network is a layer-1 blockchain infrastructure that bridges smart…
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