A decentralized web developer report for 2020 has shown that Ethereum is leading the world in decentralization, a glory that shows the network is already a giant before the launch of the game-changing ETH 2.0 which has been creating ripples in the crypto industry for long.
The emerging technology proudly referred to as Web 3.0 is being taken over by cryptocurrencies like Ethereum and by protocols like IPFS like Mixnets, I2P, Tor that have been doing fantastic since the early 2000s.
The report, published by Fluence Labs, sort out 231 projects (out of 631 respondents) that have a tech background and are at present working on something related to Web 3.0. The responses touched different topics and serve as an eye-opener on the progress made in the decentralized space. It dug out the problems facing the Web 3.0 space.
As there are misunderstandings in what makes up the decentralized web, the report highlights some of the maintained principles by decentralized web developers, and how setting a dichotomy between Web 3.0 and DWeb is used in real-world cases.
As derived from the summary of the report, the Decentralized Web is just evolving and it is largely being led by Ethereum and IPFS. The two are said to be the leading forces used by developers to create DWeb applications.
The report emphasizes that open-source projects are largely being led by IPFS, Ethereum, Dat, and Libp2p. 36% of the projects make use of IPFS, while 25% rely on Ethereum network. Also, developers making use of Dat and Libp2p are 14% and 12% respectively.
Developers also make use of projects like WebTorrent, Holochain, Urbit, Tor, and BitTorrent among others.
The report also points that respondent feels open-source p2p protocols are not easy, however, with the increasing businesses around Bitcoin and Ethereum, and some few other protocols, there is increasing hope that different business models will come up for DWeb technology.
Ethereum (ETH) Holders Ready for ETH 2.0 Launch
As the launch of ETH 2.0 nears, around 120,000 Ethereum wallets appear ready for the development. These wallets contain at least 32 ETH, the minimum amount needed for ETH 2.0 staking, a report by Arcane Research has shown.
The report shows that the number increased by 13% over the year, and confirms how ETH holders are seriously holding to partake in the staking process, signaling they are ready for ETH 2.0 launch.
Government of India Adopts Ethereum-based CargoX
Ethereum, which is among the largely-used network by DWeb developers has wide uses cases all over the world.
Recently NewsLogical reported that the Indian government adopted an Ethereum-based platform, CargoX, through a collaboration with Portall, for documentation purposes.
The collaboration will help the government of India have all its bill of lading and trade documents saved on the blockchain for transparency’s sake.
The development attests to the unique nature of blockchain technology and indicates that governments are waking up to the potentials of blockchain technology.