1/8 Will #Web3 replace the set of principles and technologies we know as #Web2? Web2 is the Internet as we know it today, whereas Web3 refers to the evolution and next generation of the Internet. What are the differences between Web2 and Web3, and what is their proposition?
2/8 The term #Web2 is closely associated with centralized social networks like Twitter and Facebook. These networks have become increasingly formalized - with their policies of moderation and #censorship, the use of potentially harmful business practices to society.
3/8 Companies providing information and communication platforms began to thrive in exchange for consumers' personal data. Allowing the use of personal data entails another major problem: data leakage, typical of centralized networks that rely on a single point of failure.
4/8 Web2's history is full of breaches. Consumers have no control over their information; how it is used and stored. Centralized servers also make it easy for governments to interfere, control or shut down applications as they see fit.
5/8 #Web3 is considered the next generation Internet, where everything that can be done in Web2 can still be done, but in a decentralized way.
Community-owned networks will be fairer; users who create content will participate fully as token holders in the value they create.
6/8 Content distribution can be based on meaningful values, such as reputation and experience. Management and moderation policies will become more effective because they will be managed by the entire community, rather than a small group of executives looking to enrich themselves.
7/8 Network without trust: participants can interact without the involvement of any third party.
Platforms without permission : users or providers do not need permission from authorities to participate in the network. No one can block or deny access to a service. #web3#Crypto
8/8 We do not know if #web3 will replace web2 in the near future, but we can take part in the process. Solcial is a #decentralized social network that aims to give users the capabilities of web3, allowing them to interact with each other without fear of #censorship.
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You will also need to connect MetaMask to Moonbeam. GLMR tokens are not ERC-20s but native protocol tokens. Therefore, you must add Moonbeam as a custom network in MetaMask.
Upon accepting permissions and changing the network to Moonbeam, you will be redirected to the main dashboard where you’ll find details about your accounts balance, last transactions, crowdloan rewards data, and staking data.
In the months since its initial launch, @MoonbeamNetwork has proven to be the go-to destination for builders in the Polkadot ecosystem.
Let’s take a look at why so many multi-chain and native projects alike have selected Moonbeam as their destination of choice.🧵
1. Full EVM Compatibility and Solidity Support #Moonbeam is EVM compatible, but #Polkadot does not natively support the EVM (Ethereum virtual machine), which means that developers cannot directly use Solidity smart contracts in the Polkadot ecosystem. #Moonwell
This is problematic for projects that are already live on Ethereum or another EVM-compatible network.For all of these reasons, the Moonbeam team worked with Parity to develop the Frontier pallet to provide EVM compatibility for the broader Polkadot ecosystem.