This article was first published on Komodo
The decentralized internet is a concept revolving around the use of distributed web technologies, protocols, and applications to make the internet fundamentally more open and accessible. It directly contrasts with the centralized internet, the de facto internet of today, which is mainly controlled by a few large tech companies. These tech giants wield an enormous amount of power, acting as gatekeepers by determining and enforcing policies for their users.
While the exact global market of the centralized web is difficult to precisely estimate, the top companies have billions in annual revenues. Total revenues in 2018 for top tech companies include $232.89 Billion for Amazon, $136.22 Billion for Google, and $55.8 Billion for Facebook. These staggering figures demonstrate how large and powerful these tech giants have become.
Centralized platforms also dominate when it comes to the number of users. The decentralized internet app with the most users, COSMOCHAIN, has 14,200 daily active users as of the writing of this article. Facebook has 1.62 billion daily active users, more than 1 Million percent more than the top decentralized internet app.
In this article, we’ll examine how the decentralized internet is challenging the status quo of the centralized internet. We’ll look at peer-to-peer protocols and applications that are playing an integral role in the growth of the decentralized internet. Finally, we consider the feasibility of decentralizing the existing web.
History of The Internet: A Brief Summary
Web 1.0: Early Days of The Internet
In August 1991, the internet first became publicly available. This kicked off the era of Web 1.0, which was comprised almost exclusively of static websites. Few interactive websites, such as forums or social media platforms, existed. This first generation of web technologies was centered around presenting information to end-users and acting as a globalized ...
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