Point Network Launches Full Web3 Architecture

PRESS RELEASE. This was the rubric of a caller talk by Serge Var, CEO and Co-Founder of Point Labs, astatine the 2022 Web 3.0 Conference successful January.

Serge presented arguments that contempt galore projects calling themselves “Web 3.0” and “decentralized”, we are not rather determination yet: we’re inactive relying excessively heavy connected centralized systems, utilizing centralized domains that tin beryllium taken distant by governments oregon hijacked, untrusted centralized retention wherever the UI is stored, and browser extensions that tin vanish time astatine Google’s whim.

The lone decentralized portion of a emblematic “decentralized application” turns retired to beryllium the astute contract, with everything other unfastened to being compromised.

Such Frankenstein’s monsters crossbred from Web2 and Web3 parts (what galore nicknamed Web 2.5) pb not lone to aggregate information fiascos, specified arsenic BadgerDAO precocious losing $120M of participants’ funds due to the fact that of a centralized UI that had been hijacked, but besides gives a premature atrocious rap to the Web 3.0 conception itself, erstwhile radical are confused astir however their NFTs connected the supposedly censorship-resistant and decentralized net tin get censored connected OpenSea and past vanish from their Metamask wallet.

A New Paradigm

After months of intensive probe and development, the squad astatine Point Labs came up with an architecture that allows for implicit decentralization of the tech stack, and christened it Point Network. For the archetypal time, alternatively of attempts to shoehorn blockchain into the Web2 paradigm, determination is simply a wholly abstracted web that tin yet beryllium called Web3.

The mode it works is by leveraging a operation of respective decentralized technologies, replacing the susceptible components of the aged internet: decentralized browser (just similar you would usage Tor Browser to entree Deep Web, you usage Point Browser to entree existent Web3), decentralized domains surviving connected the blockchain, and decentralized retention (Point Labs partnered up with Arweave and uses their web for the decentralized retention component).

“What’s the Point?”

All decentralized applications that you cognize and emotion tin easy beryllium deployed connected Point Network, and astatine archetypal sight, they look and consciousness precisely the same: conscionable alternatively of uniswap.org, you would entree uniswap.point, and alternatively of Metamask oregon Phantom, a Point confirmation model would popular up (Point mimics their APIs truthful that deployments tin beryllium arsenic casual arsenic possible).

However, nether the hood, the apps are present wholly decentralized: the UI, the astute contracts, the domains, the identities are each yet surviving connected the blockchain, which makes dApps wholly censorship-resistant and publically auditable. The information that each update to a website is transaction connected a blockchain provides for intriguing use-cases, 1 of them being multisig domains (where an update to a website has to beryllium signed disconnected by respective developers, truthful that an attacker would person to compromise each of them, which would beryllium a overmuch harder task).

Point Network besides features respective demo dApps of its own: Point Social (a web3 societal network), Point Mail (end-to-end encrypted mail), a multi-chain Point Wallet, and truthful on.

“When Web3?”

Point Network is inactive astatine an aboriginal signifier of development, but already shows committedness to perchance go the main web3 modular successful the adjacent future.

Point Labs has released a nationalist alpha mentation successful October past twelvemonth for the Solana Ignition hackathon, wherever they ended up connected the Judges Honorary List of projects, aft which they person raised respective VC rounds from firms including, among others, Sino Global Capital, Arweave, Solar Eco Fund, Zoomer Fund, Definitive and Chorus One.

Now their extremity is leveraging their rapidly expanding squad of engineers to merchandise the beta mentation and motorboat successful mid-2022 (which is conscionable a fewer months away), making web 3.0 accessible to everybody.

Web 3.0 is evidently present to stay, and it’s going to beryllium arsenic large of a woody arsenic was the commencement of the internet. The sooner you familiarize yourself with this exploding field, the amended you volition beryllium positioned to go a invaluable portion of it. You tin larn much astir Point Network’s relation successful it by joining conversations successful their increasing assemblage of aboriginal adopters connected Telegram: https://t.me/pointnetworkchat, oregon connected their website https://pointnetwork.io/

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