RChain: only solution to storage problems in Web3?
Web3, or as many call it, “Serenity”, is considered the evolution of the internet we use today (Web2). To put it simply, Web1 allowed users to view information (read-only), Web2 allowed people to interact with information i.e. chat, edit information, etc. But all the data here belongs to organizations and they can use it as per their agreements. In Web3, this is the aspect where things follow each other. You are the sole owner of your data and neither organization owns it.
Web 2.0 is evolving into Web 3.0
Among a bunch of new technologies that are constantly emerging, people have always been or still are skeptical about them. One such concept is Web3, which is considered the next evolution of the World Wide Web.
But there are some things that Web 2 did not address, and perhaps, therefore, the need for Web 3 has arisen and is constantly thought of by tech enthusiasts. The issues that need to be addressed in Web 3 will be advanced addressability, decentralized advertising, and a robust search mechanism.
The advanced URL requirement
The Web 3 era would need URLs, not addresses, because the blockchain-based web requires a usable URL system. Currently, there are very few blockchains that support file storage, and that said, apparently none of them support files of substantial size. And addressability would be critical as the web would live on blockchain technology.
As browsers operate on a URI system, which is the current structure of the web, but as files must be found and retrieved and the location of the resource requires a composition structure. The composition of the URI into a string is something to think about. It’s not like that, the current URI composition can’t work for the future, but it needs some advancements to work on a blockchain.
The thirst for digital advertising in the age of Web3
The current monitoring advertising model might not work on Web 3 as it plans to be truly decentralized. All of the currently popular apps like Facebook, Instagram, etc. use all of their users’ data, and we all know what happens when we access a website.
Web 3 could force users to think about the information they share and could even allow them to sell their data independently or with their permission. And hence, decentralized advertising would be an increased demand in the age of Web 3.
The decentralized advertising concept can work on a globally scalable sponsored content framework and can work with a small set of APIs for developers and vendors. In fact, online communities may have the ability to allow advertisers to share sponsored content with them.
Web 3 could be a good opportunity for advertisers through blockchain technology as they would know how their ads are performing, and even customers could approve what they want to see.
In-depth research potential
Also, one problem that Web 3 has to solve is that it has to be searchable. For example, if an NFT is built on Ethereum and the Interplanetary File System (IPFS), there is no way to find it. IPFS is not a blockchain. And there, searchability becomes a critical need for the emerging iteration of the Internet.
The global web has brought remarkable innovation for people as global resources can only be accessed through portable devices. In the coming years, resources will be managed through blockchain technology, but if it does not have extreme research potential, it might be a bit troublesome for users.
What is RChain?
RChain claims that it is the only blockchain that facilitates addressable file storage with an integrated transactional query language called Rholang. RChain has robust search capabilities that make URLs and query strings transparent.
Moreover, it has the ability to store files of any size on a chain. It provides a huge upgrade from the file storage and search factors offered by current Web2.
The RChain team has deployed two projects to address the issues faced by Web 2. RChain Publishing makes on-chain storage and self-sovereignty possible, and DAASL provides globally distributed advertising functionality.
If this blockchain solves these problems and provides massive storage, it may prove to be an effective Web3 solution. The Metaverse will have pristine graphics, no glitches, and maybe Ready Player One will become a reality then.