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      "body": "Hello welcome to Steemit world! \n I'm @steem.history, who is steem witness. \n This is a recommended post for you.[Newcomers Guide](https://steemitdev.com/guide/@steemitblog/steemit-a-guide-for-newcomers) and [The Complete Steemit Etiquette Guide (Revision 2.0)](https://steemit.com/steem/@steem.history/the-complete-steemit-etiquette-guide-revision-20-homage-1598425779) and, recommended community [Newcomers Community](https://steemit.com/trending/hive-172186) \n I wish you luck to your steemit activities.<center> \n \n \n https://cdn.steemitimages.com/DQmXHwdcNs5VPcBft1iSosPdHLpBNBfjuG84g3ffWhMw5JQ/image.png \n <sub>(The bots avatar has been created using https://robohash.org/)</sub> \n @steem.history \n \n ### My witness activity \n - [My aspiration for STEEM witness](https://steemit.com/hive-185836/@steem.history/my-aspiration-for-steem-witness-1601280729) \n - Provides information on Steem.  \n [Reference](https://steemit.com/trending/hive-130095) \n - Supporting the Steem project. \n [SPUD4STEEM project](https://steemit.com/trending/spud4steem) \n - Supporting the community. \n [Newcomers Community](https://steemit.com/trending/hive-172186),[Steem Sri Lanka](https://steemit.com/trending/hive-133716) ,[WORLD OF XPILAR](https://steemit.com/trending/hive-185836), [GLOBAL STEEM](https://steemit.com/trending/hive-145160), [Scouts](https://steemit.com/trending/hive-181136), [Latino Community](https://steemit.com/trending/hive-188619) \n \n ### My featured posts \n - [The Complete Steemit Etiquette Guide (Revision 2.0) -Homage](https://steemit.com/steem/@steem.history/the-complete-steemit-etiquette-guide-revision-20-homage-1598425779) \n \n [![image.png](https://cdn.steemitimages.com/DQmd7of2TpLGqvckkrReWahnkxMWH6eMg5upXesfsujDCnW/image.png)](https://steemlogin.com/sign/account-witness-vote?witness=steem.history&amp;approve=1) \n <sub>please click it!</sub> \n \n ![image.png](https://cdn.steemitimages.com/DQmWDnFh7Kcgj2gdPc5RgG9Cezc4Bapq8sQQJvrkxR8rx5z/image.png) \n <sub>(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)</sub> \n \n </center>",
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      "body": "What I want us to look into today is very vast and I believe no man is a bag of all knowledge, hence I can be right or wrong, so do your own research too.\n\nSo we will be talking about Web 3.0 and it's based tokens. But before we do that, I will like us to make a brief movement from web 1.0 to web 3.0.\n\nWhen the world of internet came to exist, the internet is just a static web (web 1.0). It's a kind of entering the class when the teacher had written all that he/she needs to teach on the board and you're just going to copy without understanding. So there came a need to move to an era where users can be able to communicate with the information that they just consumed. \n\nThis led to web 2.0. This is called that social web, things like Facebook, youtube, WhatsApp. Where you can read an information and be able to ask questions or contribute to what you have read. Awesome right? But there is a problem. \n\nIn web 2.0, though it seems to be decentralized in participation (what I mean here is that, facebook for example, anybody, anywhere can open it and upload information unlike in web 1.0) but the servers are centralized. Let me dwell a little in this.\n\nIn web 2.0, every content you out there goes to a centralized server which can now show these messages to the public and these servers are managed by giant tech companies which may have issues. Let's take what happened to facebook and WhatsApp few months back; For a whole day, there sever was down and no one can access facebook not WhatsApp. \n\nSo just know that whenever you send someone message on WhatsApp or Facebook, it doesn't go straight to that person but goes to a server that serves/shows the other person the message. \n\nThis became an impediment, hence a need to create a more decentralised operating internet system. This led to Web 3.0.\n\nAs I have explained before, I haven't gotten all knowledge on web 3.0 but at least I have the basic knowledge in it that I want to share and I can be right or wrong.\n\nWeb 3.0 offers more decentralised operation through the peer to peer network(in a lay man's understanding, it just a network in which there is sharing of data without a central server). Now these data are now shared without any restrictions hence even if one server is down, the other PC can still share the data.\n\nNow, initiation of this idealogy into the Crypto ecosystem backed up by Cryptography and smart contracts makes Web 3.0 safe to be built on the Blockchain. For instance, with web 3.0, and I want to send message to my mum,\n\nMe: Mum, I need money\n\nMum: okay, send your account number.\n\nLet me explain Cryptography here; Cryptography is the study of certain secure communication techniques that allows only the sender and recipient of a message to view it's contents.\n\nRelating it to what I have above, my question will be, since the system is decentralised, what can I do, so that another person does not send my mum his/her account number?\n\nSo with Cryptography,(I don't really want to go in-depth but I pray you understand), a user have 2 keys; a public and a private key. In this situation, a sender (whenever I want to send my mum message) will request for the public key of the receiver, encrypt the message and send to the receiver, who decodes the message using the corresponding private key.\n\n\nHence all the people in the space will not see our chat but they will know that there is a message that transpired between me and my mum but the don't know the contents so I will send my account number to my mum.\n\nWeb 3.0 is open source too, which means that it's open to everyone, nothing is Hidden like in centralised systems.\n\nAnother sweet part is the fact the most web 3.0 project offers incentives in form of there native tokens. We have Steemit(steem coin), brave(BAT token)e.t.c. \n\nNow you're paid for using there services which web 2.0 doesn't do and most times, these tokens serves as governance tokens which gives users like us power in running the project as our votes matters before decision are been taken.\n\nNow, it took the world 10 years to fully adopt the web 2.0 which we are enjoying now, but I don't think it will take web 3.0 that amount of time. Do you know why? At the heart of web 3.0 is Artificial intelligence and machine learning. If humans can take 10 years to build how many years do you think machine will take?\n\nNow let's talk about few coins I can pinpoint here(wait first, this is not a financial advice, try to do your research before buying anything).\n\nI will do a little market analysis on one, which is BitTorrent\n\nBittorent:\n\nBitTorrent is a decentralized file-sharing operation that is existing before  the “Web 3.0” term and the creation of Bitcoin. Over time, it has evolved into one of the most used decentralized applications, and was acquired by Tron, and it even issued its own cryptocurrency BTT which today stands among the top 50 most popular currencies.\n\nThe company operates on a decentralized peer-to-peer protocol which allows millions of users to upload and download files directly between each other. \n\nFounder: Bram Cohen, a prominent American software engineer in 2001 and bought by Justin Sun in 2018\n\n\nHow BitTorrent works and the role of BTT\n\nBitTorrent works by breaking up files people upload into several fragments, storing those fragments across several nodes in the network, and re-assembling the file on the computer of the person that downloads the file.\n\nUsing BitTorrent, there are two roles a user can have: seeds and peers.\n\n A seed is someone that shares the full copy of a file, and a peer is the one receiving the file requested in bits and pieces. Every user who downloads a file automatically becomes a part of the ecosystem and turns into a seed.\n\nThe introduction of BTT as a native cryptocurrency did not change the underlying mechanics of how the system works, but it did generate a layer of crypto economics. \n\n\nBlockchain: BTT is based on the TRC-10 protocol which works with the Blockchain protocol. Seed users that make files available for downloading are rewarded with BTT tokens. This doesn’t require any expensive hardware which means anyone can join the network, become a seed, and start earning BTT.\n\nThe future for BitTorrent\n\nThe BitTorrent project does not have a formal roadmap, but the team occasionally informs the public about their plans through social media or other alternative channels.\n\nPrice: 0.0036\nTotal supply: Nine hundred and ninety billion\nCirculating supply: 659+ billion",
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