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Chainlink's decentralized oracle network is an open-source technology infrastructure that allows any blockchain to securely connect to off-chain data and computation resources. The network nodes fetch, validate, and deliver data from multiple sources onto blockchains to execute smart contracts.
Web3, also called Web 3.0, is the name given to a decentralized web movement that is sometimes described as a "read/write/own" stage of internet development. It focuses on decentralizing the underlying infrastructure of the internet, shifting away from centralized data storage and management using new protocols and technologies.
There are a number of technical challenges to be surmounted to accomplish decentralizing the web, according to Berners-Lee's vision. [15] Rather than using a centralized spoke–hub distribution paradigm, decentralized peer-to-peer networking is implemented in a manner that adds more control and performance features than traditional peer-to-peer networks such as BitTorrent.
To address the problems of bottlenecks, Gnutella developers implemented a tiered system of ultrapeers and leaves. Instead of all nodes being considered equal, nodes entering the network were kept at the 'edge' of the network, as a leaf. Leaves don't provide routing. Nodes which are capable of routing messages are promoted to ultrapeers.
The program assigns human-readable names to accounts, smart contracts, services, and network nodes. This service simplifies the process of accessing decentralized applications by allowing users to use short and simple domain names rather than long strings of alphanumeric characters. Domain names can also be associated with wallet addresses.
Servers run a software implementation of the protocol, and use the Internet to connect to and communicate with other Stellar servers. Each server stores a ledger of all the accounts in the network. 3 nodes are operated by the Stellar Development Foundation, in conjunction with 22 other organizations, providing for a total of 77 validator nodes ...
The Helium Network is a decentralized wireless Internet of things (IoT) network using the LoRaWAN system, tied to the cryptocurrency Helium Network Token (symbol HNT). [1] Nodes on the network are generally owned and placed by individuals in their homes or offices, and they are rewarded for their participation in the network in payments of HNT. [2]
ZeroNet is a decentralized web-like network of peer-to-peer users, created by Tamas Kocsis in 2015, programming for the network was based in Budapest, Hungary; is built in Python; and is fully open source. [3] Instead of having an IP address, sites are identified by a public key (specifically a bitcoin address). The private key allows the owner ...