The Web3 technology stack is growing rapidly as businesses and developers increasingly adopt it to build innovative tools and applications. Unlike traditional web-based methods, the new Web3 technology works on the blockchain and enables greater decentralization of applications. In this article, we will cover 7 great Web3 tools and apps that are paving the way for the everyday use of distributed computing.
Ethereum Virtual Machine (EVM) –
The EVM is a virtual machine that runs smart contracts using Ether (the native currency of the Ethereum network). This provides developers with an environment to create secure software that can autonomously execute commands over the Internet without any central authority or third-party involvement.
InterPlanetary File System (IPFS) –
IPFS is an open-source distributed file system powered by blockchain technology that allows for cross-platform sharing of data between systems in a highly decentralized manner. It promises increased security, privacy, and scalability compared to the current web protocol, HTTP.
Mist Browser –
Developed by Ethereum, Mist is an advanced browser designed to facilitate easy access to your Ethereum wallet and resources like Ethereum-based tokens such as ETH, ETC, or DAO from anywhere in the world. In addition, it also supports Dapps created with Solidity as Smart Contracts allowing users to interact with them through easy point-and-click graphical user interfaces (GUIs).
Developed by ConsenSys, uPort is an application that operates on top of Ethereum which allows users to securely store official identity information such as name, address, etc., while also making it available only to authorities authorized by them when required e.g., providing proof of identity during certain transactions or scenarios where KYC/AML guidelines have to be followed rigorously and accurately without compromising integrity or privacy of information shared at either end.
Golem Network –
Golem Network is one of the oldest decentralized supercomputers available out there today which enables large-scale computations via distributed computing networks composed of participating machines located all across the globe including user PCs & servers even laptops if required! Cloud Computing solutions like Amazon EC2 or Google Compute Engine becoming considerably popular lately due to their scalability & cost efficiency benefits but with trust factor between client & provider is a primary concern since someone needs to be trusted enough so not only payments are taken care off but critical business logic is also secure enough not only from malicious 3rd party services but anyone who’d want unauthorized access too!
0x Protocol –
A protocol designed for creating a trustless layer two platforms for exchanging digital assets across different blockchains based on value transfer protocols like Off-chain Atomic Swaps etc., 0x was developed keeping all necessary parameters related specifically towards making asset exchange simpler yet secure enough via deterministic yet decentralized techniques at its core!
Blockstack’s vision is to provide developers with a platform where they can develop true data ownership + transparency applications backend completely peer-to-peer with any other peers involved in the same interactions being able to directly withdraw funds/payment automatically using underlying protocols defined accordingly! Using this approach developers may leverage existing data storage solutions around public/private cloud providers plus some optional services APIs offered therewith enabling more untrustworthy yet functional environment ever seen exists thus far!