Why decentralized telecommunications is necessary to make Web3 a reality

Share This Post

Current flaws in today’s internet, including poor performance and reliability, require a foundational change.

The world knows the public internet as the best transport network and the backbone of their daily routines. However, if one looks closely, the internet is far from perfect, with many considering the network untrusted and its usage synonymous with poor reliability and performance issues. Although these faults were once overlooked, the impending Web3 revolution has led many to recognize just how far the current internet foundation is from supporting the increased usage and performance requirements that come with the metaverse, decentralized finance (DeFi) and other blockchain-technology use cases. 

Soon, every major company, industry and consumer experience will be shaped by the metaverse and accompanying technologies. One of the biggest gaps still yet to be filled is a network that can support the requirements. After all, the centralized infrastructure the internet depends on is not public or trustless, direct violations of what the blockchain-led digital realm is hoping to achieve.

To illustrate these concerns, users are encouraged to first consider the data routing system. This system uses a protocol that has remained unchanged since its inception in the 1980s, coupled with routes that are governed by peering relationships between telecom giants. Today, internet data routing is not controlled by the user but by a centralized group of large corporations. Currently, internet data is not routed for optimal performance, so data traffic continues to pile up if a specific link is congested. It doesn’t route around congestion, so users get lower internet speeds and their favorite websites or applications aren’t accessible. On the surface, it might look like a minor inconvenience; however, immersive experiences, including the metaverse, will be crippled without a performance-optimized internet. 

Right now, there is a mismatch between network providers optimizing for cost and data senders desiring optimal network performance. That’s why internet users often don’t get the best services possible. Consequently, networks don’t take into account routing decisions that ensure traffic is being delivered in the fastest way possible, nor can dynamic choices be made to avoid areas of congestion or censorship. 

In the current centralized setup, internet service providers control data routing to benefit their bottom line. Sometimes, this may be at the expense of  latency, packet loss or interrupted connections for the end-users, whether this is an enterprise or consumer.

Building a foundation for security

Another look at the internet’s foundation would indicate that the network lacks natural security. Any traffic sent across the public internet is done without encryption by default, a decision that was made back in the 1970s. 

As a result, security and privacy have had to be addressed by third-party providers of encryption and other forms of security applications. Implementing encryption on a wide scale proved to be daunting, requiring reliance on the third party for the safe distribution of the keys. 

In the emerging decentralized model of Web3 and metaverse, users don’t want to rely on third parties for encryption and private key management. An open project’s, Syntropy, solution has encryption built-in by default, so there is no reliance on outside third parties to manage private keys, and all traffic remains private and secure from one end of the connection all the way to the other endpoint.  

Internet is owned by the providers

Unfortunately, the internet also requires changes in terms of ownership. The majority of internet users today rely on a provider like AT&T or Comcast since only a small number of telecom companies control the internet backbone. 

When power is concentrated in the hands of a few, innovation is stifled and reliability and performance are not the highest priority. The interest of those impacted is likely to become subject to high costs and governance that does not consider the best interest of its users.

Solving networking problems

Leading the charge to solve these problems is Syntropy, a project that is taking a different approach to the network at the heart of the Web3 revolution. By improving the public internet itself and creating new incentive mechanisms through an open internet exchange powered by its token NOIA, Syntropy can provide private network performance levels to any user. Syntropy overlays the internet, transitioning it from its current state as many competing, self-interested networks to a holistic, self-sustaining, group-oriented network of networks-giving birth to true Web3 and the metaverse.

The technology aims to eliminate bottlenecks and address the existing internet’s limitations by making security and performance optimization the standard. In practice, it replaces the single default internet path with multiple network paths over the internet that are measured regularly and automatically relay participant traffic to its destination via the best path available.

Syntropy has demonstrated these substantial network improvements with Entain, a global sports betting and gaming giant that leverages Syntropy’s DARP, a layer-0 protocol for Web3. Entain has since noted an improvement in its network performance by routing data through the best-performing paths, resulting in a better experience for the end-user.

Learn more about Syntropy

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Ethereum Funding Rates Hit Key Bullish Level – Price Surge Ahead?

Following Donald Trump’s victory in the US presidential election on November 5, Ethereum (ETH), alongside the general cryptocurrency market, has experienced notable price gains In particular, the

Record Week for Crypto ETFs as Bitcoin and Ether Funds Settle Billions in Volume

As of Friday’s latest data, spot bitcoin and ether ETFs once again recorded positive inflows, capping off a groundbreaking week in the market $293M in Bitcoin, $85M in Ether Inflows on Friday

Detroit Becomes Largest US City To Accept Bitcoin And Crypto For Tax Payments

On Thursday, Detroit announced plans to become the largest city in the United States to accept Bitcoin and other cryptocurrencies for tax payments According to local media reports, residents will be

Telegram Coins Regain Momentum, TON & NOT Price To Jump 40%?

The post Telegram Coins Regain Momentum, TON & NOT Price To Jump 40% appeared first on Coinpedia Fintech News The altcoin market has recorded a strong bullish recovery this week with the Ethereum

Norway Considering The Potential Adoption Of CBDCs, Welcomes MiCA

The post Norway Considering The Potential Adoption Of CBDCs, Welcomes MiCA appeared first on Coinpedia Fintech News In the latest development, Norway is currently considering the potential adoption

Raydium Price Retests $6 Today, RAY Price Targets $8 This Month?

The post Raydium Price Retests $6 Today, RAY Price Targets $8 This Month appeared first on Coinpedia Fintech News With the Solana price reclaiming the $200 mark, the SOL ecosystem has experienced a