[ad_1]
New York, December 31, 2021 (Global News Agency)-Recently, the Penguin team announced the launch of their Web3.0 decentralized data network. With the advancement of blockchain technology, some innovative new players are entering the market. Some bring the offline world to a global audience, while others change the way we invest in the future. Decentralized applications, DeFi, NFT, and Metaverse provide huge potential for future growth and real-world usage. But what the current encryption field lacks is an independent, one-stop network service, which includes a high-performance smart contract blockchain and a decentralized storage solution. Penguin Network introduced a general decentralized data network specifically designed for Web 3.0.
Penguin-Decentralized storage platform
Penguin is specifically designed for Web 3.0 and is a peer-to-peer node network that jointly provides decentralized storage and communication services. By providing a universal decentralized data network for Web3.0, the platform can play multiple roles in different areas of the blockchain space. In addition, Penguin aims to cooperate with the blockchain industry to create decentralized applications (DApps), products and services that can be seamlessly accessed in Web 3.0.
A unique feature of the platform is that it provides automatic scaling; that is, the increase in storage space requirements will be effectively handled. This will eventually lead to a reduction in the cost of the blockchain field. Penguin also promotes efficient data storage capabilities and fast data retrieval. Thanks to its built-in smart contract-based incentive system, the network uses the native protocol token PEN to automate economically.
Therefore, the goal of the platform is to expand the blockchain by using decentralized storage and communication, positioning itself as a world computer, and can effectively serve as an operating system and deployment environment for dApps.
Web 3.0-the decentralized Internet of the future
Web 3.0 is more than just a buzzword that has recently become interesting for technology, encryption, and venture capital. It aims to provide a future where distributed users and machines can seamlessly interact with data, value and other counterparties through a peer-to-peer network, eliminating the need for any third parties. It is mainly based on three novel technological innovation levels. These are edge computing, decentralized data networks, and artificial intelligence. Blockchain-based Web 3.0 eliminates all large intermediaries, including centralized management agencies or repositories.
In addition, the most important evolution brought by Web 3.0 is to minimize…
The full story on Benzinga.com
[ad_2]
Source link
