• Web3 is an evolution in the internet that allows for more borderless and resilient communities.
• Unfortunately, the infrastructure behind it is still largely centralized, with most IPFS pinning providers using Cloudflare for their service.
• There is a need for storage agnostic IPFS solutions that allow networks to use cheaper alternatives like Filcoin or Arweave while decreasing costs and creating a more decentralized system.
The Evolution of Web3
Web3 has gone a long way toward creating a truly decentralized ecosystem, ushering us into the next evolution of the internet and making the world a more borderless and resilient community. It has been able to achieve this through blockchain technology which makes it possible to securely store and share data without relying on third-party services or systems.
The Problem With Pinning
The biggest problem with pinning services is that they are inherently centralized, often using just one source (Cloudflare) for their service. This creates several issues including censorship, failure risk, and eliminating the benefits of having a distributed system. Additionally, when pinning providers use cloud storage providers such as AWS, it adds up over time in terms of cost which can be prohibitive for some Web3 platforms whose models are not revenue-focused.
Storage Agnostic IPFS Solutions
The solution to this issue lies in true decentralization by providing storage agnostic IPFS solutions which will allow networks to use cheaper alternatives such as Filcoin or Arweave instead of costly cloud storage providers like AWS. This will help decrease costs while also increasing security by reducing centralization risk within the network.
Benefits Of Decentralized Systems
Decentralized systems bring many benefits including increased security from malicious actors or simple failures due to single points of failure; improved performance from an increased number of nodes; reduced costs for content delivery; and greater resilience against censorship attempts which make them ideal for applications such as web hosting or streaming services where censorship may be an issue.
In conclusion, Web3 has opened up great possibilities in terms of decentralization but its success hinges on finding ways to reduce centralization within its infrastructure while keeping costs down so that these technologies can become accessible to all types of businesses regardless of their size or budget constraints. Pinning providers need better solutions that will enable them to use cheaper alternatives so we can finally move towards true decentralization while reaping all its benefits along the way!