Is Web 3.0 Here? Discussing the Technical Logic and Business Models of Entry Protocols

This article is an original piece by Chain Catcher, author: Rilak.

In the world of cryptocurrency, participants are changing many rules, using DeFi to define a new financial order, empowering art, games, and virtual communities with NFTs, and constructing a human-centered new internet blueprint with web3.0… In this world, all citizens are no longer limited by the existing accumulation of resources, having more equal opportunities to gain wealth and reputation.

Looking at the investment and financing data from the past two months, decentralized storage, networks, and other web3.0 infrastructure projects are entering a new wave. With the continuous advancement of blockchain technology and the increasingly refined segmentation of sectors, it is not hard to imagine that web3.0, as a technological underpinning, will become more and more prominent. The construction of web3.0 may be a short-term goal for blockchain believers.

How to understand web3.0? Currently, there is no accurate definition from academia to industry, but based on keywords such as privacy, sharing, anti-monopoly, and initiative, developers have made bold attempts. Mask Network allows seamless sending of encrypted messages, cryptocurrencies, and even decentralized applications on social platforms; decentralized storage facilities like Filecoin are covering more and more application scenarios; Ocean Protocol can balance the market of data between cost and revenue while protecting privacy; decentralized networks like Deeper Network ensure anonymity and security support while achieving global connectivity.

The footsteps of web3.0 are subtle and quiet; everything is just beginning.

Taking decentralized networks as an entry point, we can use the next-generation blockchain network infrastructure and Web 3.0 gateway Deeper as an example to specifically discuss what changes the process of web3.0 will bring to products in terms of technology, form, and business models.

1. Breakthroughs in Underlying Technology

Performance issues are currently the most urgent and severe problems in the blockchain industry, and they are also the first challenges that any blockchain network must overcome to achieve large-scale applications. A large number of performance expansion solutions for different application scenarios have already emerged.

Deeper Network aims to create trustworthy internet application scenarios based on network hardware. Network security is one of the most severe issues in the development of web2.0. An unnoticed fact is that while we share our bandwidth, we also face risks associated with sharing: for example, our IP being used for illegal downloads of copyrighted BT resources, downloading child pornography videos, or being used for cyberattacks against important national network infrastructure. This is also a problem that has not been solved in previous distributed networks, and network security technology is an indispensable foundation in the privacy-focused web3.0 era.

According to public information, Deeper Network's mission is to combine network security technology and blockchain technology to create a more private, secure, and fair next-generation trustworthy internet. The main network security hardware product, Deeper Connect, has already surpassed millions of dollars in global sales.

Based on this vision, Deeper Network has independently developed the deeper chain blockchain network, which is specifically designed for communication between massive distributed nodes. The two-layer structure design allows deeper chain to achieve a processing speed of 100,000 transactions per second. At the same time, Deeper Network has proposed the Proof of Credit consensus algorithm, enabling each node not only to share bandwidth for profit but also to fairly participate in the blockchain consensus process to earn mining rewards.

It is understood that Deeper possesses currently leading network security technology, capable of protecting users' networks from illegal use at various levels, allowing users to join the network with peace of mind. Additionally, Deeper Network's smart hardware terminals are not just network sharing devices but also network security devices, providing users with DPN (Decentralized Private Network) services as well as enterprise-level network security protection and privacy safeguards.

In terms of real-time communication protocols, previous distributed networks led by Orchid Protocol often used Web RTC protocols, which are essentially protocols for audio or video transmission between peers, not designed for decentralized network transmission. WebRTC protocols are easily identifiable and can be blocked, and they require support from central servers to function properly. They lack congestion control features, and their performance cannot meet users' real needs in cross-firewall, national, and continental network communications.

Deeper Network has independently developed a more advanced Trident Protocol. The Trident Protocol is a sharing protocol specifically designed for p2p mesh networks, featuring: 1. NAT traversal 2. Protocol disguise 3. Traffic obfuscation 4. Random ports 5. Congestion control. This ensures that any node in Deeper Network can securely, quickly, and fully interconnect with nodes around the world.

2. From Product Implementation to Business Model

Previously, products provided by network gateways were often in the form of mobile apps. The mobile network connection environment is unstable, and due to battery limitations, it is not suitable as a network sharing node. For the Orchid Protocol to function smoothly, a large number of cloud nodes need to be manually deployed to provide services, which is no different from traditional virtual private networks.

The new generation of network protocols led by Deeper Network includes both hardware and software products, with hardware capable of running 24×7 to provide stable resources for the shared network.

In terms of usage, the functionality of the Orchid Protocol is limited to mobile devices. If users have multiple mobile phones, they must install the Orchid Protocol app one by one, and cannot migrate devices outside of mobile phones; a single Deeper device can serve all connected devices in a household network, including phones, computers, and IoT devices.

For users, Deeper Network's users do not need any technical background, do not need to know the concept and existence of blockchain, and do not even need to know what a firewall is, to benefit from the product's invisible operation. Deeper's hardware can truly achieve plug-and-play functionality. In the future, besides seasoned cryptocurrency players, anyone will have the right to easily experience decentralized networks.

In terms of the project itself, Deeper Network's profit model is very diverse. On one hand, it can significantly reduce hardware costs; on the other hand, it can directly earn hardware fees from the high-end market or subsidize hardware to expand network nodes. In software, Deeper can profit from operating system upgrades, security database updates, and subscription fees for software services.

The deeper chain public chain and PoC consensus mechanism built on a massive user base ensure high transaction processing frequency and low transaction gas fees, significantly reducing the difficulty of developing and distributing dAPPs. Deeper can benefit from dAPP transaction fees while also promoting the demand and appreciation of the DPR token through dAPPs.

Through these technological innovations and explorations, Deeper Network has achieved market-recognized results in both technical architecture and economic models. Its smart hardware terminals rank among the top thirty in sales among 830,000 projects on Indiegogo, and have recently been featured on the homepage. For products on Indiegogo, achieving over a million dollars in crowdfunding is quite remarkable, laying the foundation for larger-scale implementation and a richer application ecosystem in the future.

From the proposal of the concept to attempts and then to the landing of individual products, web3.0 will ultimately become a phenomenon that changes the course of human development. More and more web3 products are painting a beautiful and detailed blueprint for the outside world, deserving of our closer observation and anticipation.