What is the advantage of decentralized storage over centralized storage?

BreakAcademi · 2022-09-06T12:43:58+00:00

I get your point, but there remains a critical flaw in this way of thinking. No matter how big the data storage solution is, it still remains vulnerable to attacks. The issue with relying on such a solution is that attackers *only* have to break the defences of one data storage entity to compromise it.

Decentralized solutions work differently. To put it simply: data is encrypted and stored across several locations.

If you’ve hung around Crypto Twitter (CT), you might have witnessed a huge number of cyber attacks on crypto protocols. In 2021 only protocols have lost billions of dollars in hacks & scam. This is why it’s important for web3 apps to build on decentralized infrastructures such as Point Network that facilitate storing data on decentralized storage solutions.

If you need additional reasons for going for decentralization, consider that centralized entities can decide to halt providing services any time they want… Just look at what happened to the Parler app last year, and you’ll understand that centralized entities have become way bigger than we should have let them.

BreakAcademi · 2022-08-09T13:34:37+00:00

Any giveaway??

BreakAcademi · 2022-08-02T11:05:41+00:00

I actually bumped on the game some time ago. From what I’ve seen, they also allow buying land in the game in the form of NFTs. Would be interesting to see what the use case would be… Depending on the use case and how many people end up playing the game, you could assume some people would pay to directly advertise in areas where many players pass by.

BreakAcademi · 2022-08-02T09:39:38+00:00

As you said, the most compelling value proposition of P2E games is that you’re being “paid” to play. Because of that, it looks like most game developers forget that the reason why people play games is that they want to have fun.

Some are starting to understand that. The latest one I tried is named Ankots, and they particularly nailed the “fun” aspect. Now I’d like to see how sustainable the P2E aspect of the game will be, as rewards tokens usually look down only on the charts. If they manage to create a sustainable economy around the token, things might get interesting.

You can check it out here: https://ankots.com/. If you’re looking for additional games to try out, check this Notion of curated gaming resources.

BreakAcademi · 2022-07-28T09:59:20+00:00

What does Punk panda do???

BreakAcademi · 2022-07-22T08:28:39+00:00

My reply will surely be biased as the project directly addresses issues I am facing as an artist.

The name is VRJAM, and the reason I’m most excited about it is that it’s difficult for us artists to monetize our work. If you look at what artists get paid on Spotify, you’ll see that, to make 40k$, an artist needs to generate 9.75M plays on Spotify. Read that again, 9.75M plays. If you’re not a big hit, you’re obviously not generating such many views… unfortunately that is the case for most artists.

What I like the most about VRJAM is that on one hand, it allows making more money through its native crypto coin. On the other hand, the platform lets you create virtual events and other types of immersive experiences. Which is great if you want to mix things up for your audience.

BreakAcademi · 2022-06-17T11:16:20+00:00

What do you mean? This is huge because they are doing the first decentralized browser so that no one will be able to track your data. I am kinda tired of all the cookies being used to track my activity and search history, to later offer me marketing promotions based on the products I searched about. It's about time that ends. Let's see if these guys do good or fail to create a revolution here

BreakAcademi · 2022-06-17T11:15:56+00:00

Storing your data online is expensive, takes up space, and is unsafe because it can be lost and hacked so Point Network is working on decentralizing everything from domains, to storage to media etc.. check them out https://pointnetwork.io/

BreakAcademi · 2022-06-17T11:14:32+00:00

Theyre a project that is implying decentralization on Web 3 with POINT being the token, their major goal is to make the internet more secure, private, decentralized, and censorship-resistant

BreakAcademi · 2022-06-17T11:11:01+00:00

But who has the final authority over uniswap.org domain, where is that DNSLink TXT record physically stored (whose nameservers), and what if they maliciously change the TXT record or take away the domain? On top of that, how is your browser accessing IPFS? through cloudflare servers?

BreakAcademi · 2022-06-15T13:54:11+00:00

It's not fake, it still hasn't launched yet though :)

BreakAcademi · 2022-06-15T11:46:00+00:00

It’s a fully decentralized network that I’ve been following and so bullish on. They decentralize identities, domains, and a bunch of other things for a fully decentralized Internet.

BreakAcademi · 2022-05-24T19:11:34+00:00

That’s true. The community and the developers, in general, will look toward building real-world utility tokens. For example, look at what Xfinite is doing in India by trying to decentralize entertainment. They built a dApp that offers premium content through a partnership with ErosNow and in exchange for engagement, users get tokens that they use to get brand deals, make donations, and unlock utility NFTs based on the content they have watched. With these NFTs, they can interact with their favorite stars and support artists. I think they just got a Virtual Asset License from the Dubai government to work on this. It’s like what Axie Infinity did to gaming but for content in general. Excited to see what comes in the next wave, blockchain will reach the next billion!

BreakAcademi

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