Web3 Will Not Be Built on Smart Contracts • DeSo (Decentralized Social) Blockchain

Some believe that decentralization requires the entire social network to be on a blockchain. This is unnecessary and even undesirable. Social networks generate petabytes of data every year, which can be very expensive to store on-chain. Blockchains also make it difficult to delete data forever, which is a desirable feature for users. A network desi... See more

If you're a developer building decentralized applications, you have been faced with uncomfortable tradeoffs in choosing how to manage data. The two available options available have held back Web3 apps:Option 1 has been to use a smart contract (blockchain-based) backend and a static frontend. The downside of this option is that these apps are not ve... See more

Alternative solutions:1. off-chain identity with on-chain anchoring - bahave like L2 solutions. Only use L1 chain for state change and settlement2. modified sharding - only a subset of network manages/verifies a subset of identities

This interpretation stands in contrast to the claims that web3 advocates make. They claim that web2 is a centralized mess dominated by technology megacorporations and web3 is now about content ownership. In order to achieve these goals, they must create an entirely new operating model for the web, one built on the blockchain. Blockchain is in effec... See more