In a recent interview, Parsa Ghadimi, the lead researcher at Fleek Network, a Web3 infrastructure platform, discussed the challenges faced by developers when it comes to adopting decentralized applications (dapps) due to low latency. Ghadimi emphasized that performance is a top priority for developers and users, overshadowing the novelty of Web3 applications.
Ghadimi expressed optimism regarding the regulation of the Web3 ecosystem, particularly decentralized finance (defi) projects. While acknowledging the likelihood of eventual regulation, he believed that sensible regulations would not target compliant projects.
Ghadimi shared insights on the necessity of Web3 infrastructure and his perspective on the future of centralized entities in the Web3 environment. He highlighted the significance of decentralizing web infrastructure to minimize vulnerabilities such as censorship, de-platforming, and service failures. According to Ghadimi, achieving a fully decentralized Web3 requires a decentralized stack.
When asked about the adoption of Web2 infrastructure by developers despite their awareness of Web3 principles, Ghadimi explained that performance and low latency take precedence. Developers resort to Web2 infrastructure to meet user demands until decentralized alternatives can match the performance of Web2. He emphasized Fleek Network’s aim to provide a decentralized edge network that brings Web3 performance without compromising its core values.
Fleek Network, as described by Ghadimi, is an optimized decentralized edge network facilitating the deployment and operation of high-performing web and edge services. It offers centralized web-like performance to Web3 while reducing barriers and enabling faster time-to-market for developers. By leveraging a decentralized edge network, developers can replace parts of their stack that currently rely on Web2 infrastructure, such as Cloudflare.
Regarding regulatory actions against crypto giants and the crypto ecosystem, Ghadimi anticipated the establishment of a framework for “sufficient decentralization” by regulators, hoping that compliant projects adhering to these criteria would not be targeted. While acknowledging the certainty of regulation, he expressed increasing optimism that it would be implemented sensibly.
Looking ahead, Ghadimi predicted the growth of both centralized and decentralized entities in the Web3 space. Considering the expected growth of Web3 in the coming decade, he anticipated decentralized entities to keep pace or even surpass centralized entities.
Frequently Asked Questions (FAQs) about Web3 Revolution
Q: What is the significance of low latency in the Web3 revolution?
A: Low latency plays a crucial role in the Web3 revolution as it directly impacts the performance and user experience of decentralized applications (dapps). Developers and users prioritize performance over the novelty of Web3 applications. If a product or dapp has slow loading times, even if it is decentralized, it may fail to gain traction. Therefore, low latency is considered essential for the success and adoption of Web3 infrastructure.
Q: How does Fleek Network aim to address the challenges faced by developers in adopting decentralized applications?
A: Fleek Network is a decentralized edge network that aims to provide developers with a solution to the challenges of adopting decentralized applications. It offers a decentralized infrastructure optimized for the deployment and operation of performant web and edge services. By leveraging Fleek Network’s decentralized edge layer, developers can achieve web-like performance in their Web3 applications without compromising the core values of decentralization. This helps lower barriers to entry and speeds up the time-to-market for developers building Web3 infrastructure.
Q: Will decentralized entities face regulatory actions similar to those faced by centralized cryptocurrency giants?
A: While regulatory actions against centralized cryptocurrency entities have been increasing, the situation for decentralized entities is different. There is a belief that regulators will establish a framework to define “sufficient decentralization” and focus regulatory efforts on projects that adhere to these criteria. The eventual regulation of the Web3 ecosystem is widely anticipated, but there is increasing optimism that it will be implemented in a sensible manner, potentially sparing compliant decentralized projects from undue scrutiny.
Q: How does the decentralization of Web infrastructure benefit the Web3 ecosystem?
A: The decentralization of web infrastructure brings numerous benefits to the Web3 ecosystem. By shifting away from corporate-controlled web infrastructure and cloud platforms, developers and users can enjoy permissionless, uncensorable, and decentralized platforms. This move helps mitigate vulnerabilities such as censorship, de-platforming, hacks, and service failures. A fully decentralized Web3 ecosystem requires the entire technology stack to be decentralized, ensuring greater resilience, security, and freedom for participants.
Q: Can centralized entities coexist with decentralized entities in the Web3 space?
A: Yes, in the context of the Web3 space’s expected growth, both centralized and decentralized entities are likely to coexist. While the growth of centralized entities is expected due to the expanding Web3 landscape, decentralized entities are also projected to match or exceed this growth. The rise of Web3 and the demand for decentralized applications will create opportunities for various types of entities, fostering a diverse ecosystem where both centralized and decentralized approaches have their place.
More about Web3 Revolution
- Fleek Network
- Decentralized Applications
- Low Latency
- Web2 Infrastructure
- Decentralized Finance (DeFi)
- Web3 Ecosystem
- Regulation of Cryptocurrency
- Decentralized Edge Networks
- Cryptocurrency Giants
- Self-regulation in the Crypto Ecosystem
- Benefits of Web3 Decentralization
- Web3 Growth