The internet that we know today has traversed a long way since its inception. Web1, the first internet, had a physical infrastructure of cables and servers that allowed people and computers to communicate with one another. The ARPANET Network of the United States government sent its first message in 1969, but the web that we know today didn’t exist until 1991, HTML and URLs allowed people to browse between sites.
The internet began to change in the early 2000s. It was the age of re1991ad/write web or user-generated content, and the internet was becoming increasingly interactive. Social media defined Web2, and Facebook, Twitter, Myspace, and Tumblr came to describe the experience of being online, but the existing system had a lot of critics. For example, centralization became a key feature of Web2. As the internet became more centralized and corporate, many users began to question whether there was a better future, leading us to Web3.
web3.0 is recognized as the next step in the evolution of the internet. The technology itself leverages the distributed ledger mechanism. Web3.0, also referred to as the “future of the internet,” is the most recent internet technology trend that uses blockchain consensus mechanisms to keep users’ data safe and secure. Thanks to the implementation of blockchain technology, web3.0 applications give people ownership over their data and allow them to monetize it. This means that users will be able to decide if they want their data to be monetized or kept private. They will be able to sell their data to advertisers while still retaining ownership and data privacy.
Due to the centralized nature of the current internet state, corporations have a privileged position regarding users. In recent years, there have been several incidents where companies have gathered data to sell it to third-party companies. In 2010, Facebook sold the data of millions of its users without their consent to a consulting firm called Cambridge Analytica. This data was then used for political advertising. Centralization remains a crucial feature of Web2 and a hurdle that Web3.0 intends to tackle.
The decentralized structure of web3.0 applications will allow users to maintain control and privacy of their data. Furthermore, web3.0 will bolster websites and applications to better use data and adapt the information to each user.
The innovative design of web3.0 will positively impact users’ privacy in the following ways:
Protection standards can be a burden; thus, controllers should unravel challenges like:
Blockchain technology, which assures open infrastructure, security, and cooperation, lies at the heart of web3.0. The Blockchain will enable trust verification, including privacy protection, decentralized infrastructure and application platforms, and decentralized identities, rather than relying on the whims and vested interests of technological giants. web3.0 aims to make the internet a more fair platform by allowing individuals to be sovereign.
Thanks to blockchain technology like Ethereum, security, and privacy are significant considerations in how users govern the data they publish on the internet. It encourages developers to construct dApps (Decentralised Apps) since there is no risk of blocking or denial of service. Payments are built-in via the native token – ether – in such a framework. Additionally, it requires no permission to develop, as long as users or developers are on the network.
With the emergence of the blockchain development stack, it isn’t tricky for developers to build truly decentralized applications that work in a permissionless way – something that was almost impossible some years ago. We are on the edge of a pivotal blockchain development juncture, led by the innovation of web3.0.
With this foresight, FLUID LP plans to be a secure, compliant practicer, transparent, permissionless, cross-chain swapping tool, and pool and liquidity aggregator, offering deep liquidity without introducing any form of custody over transferred funds or synthetically wrapped assets.
To conclude, it is safe to say that we’re on our way to an Internet where consumers have total control over their data and privacy while still allowing corporations to use it. All of this will be made possible by blockchain technology. Soon, the new internet will be available, and we are ready to enthusiastically welcome web3.0.
A stablecoin is a cryptocurrency whose value is linked to another asset class, such as a fiat currency or gold, to stabilize its price.
Liquidity aggregation is not a new concept in the financial industry. On the contrary, it has been used as a solution to tackle fragmented liquidity for many years across conventional financial systems.
Over the last decade, artificial intelligence has snowballed, and no business or industry today is immune to its influence and pervasiveness. This is more evident in the financial services industry, which is constantly evolving and realizing that AI is a transformational technology.
The DeFi industry has the potential to disrupt the TradFi industry by using blockchain-based applications and services to replicate banking, investing, and trading activities. Many TradFi services already have a DeFi counterpart, and more are on the way.
Blockchain-based technologies have surged in popularity over the years. Time and time again, efforts have been made to promote awareness of this relatively new phenomenon. The decentralized finance (DeFi) sector is undeniably thriving, with the total value rising from $700 million in December 2019 to over $200 billion at the beginning of 2022.
Over the past 48 hours, the FLUID team has been closely monitoring the current climate and the impact FLUID can play in helping to reduce huge volatility in the face of black swan events such as the UST downfall.
FLUID has compiled a list of the most important headlines from the past couple of months, including Kraken's new operating license in Abu Dhabi, Ukraine's cryptocurrency legalization, and New York's two-year crypto mining embargo.
Despite Dubai's popularity as a trading epicenter, the UAE government has sought to transform the city into a global hub for digital asset trading. According to Bloomberg, the Dubai Multi Commodities Centre (DMCC), the UAE's largest deregulation zone, had built up an administrative structure for crypto companies in March 2021 and had already recognized 22 crypto-blockchain entities.
FLUID, the ultra-low latency liquidity aggregator that uses AI quant-based models to tackle inefficient fragmented liquidity in virtual asset markets, has announced it will integrate the LERC20 standard of Lossless to power its $FLD token with hack mitigation capabilities of detecting fraud, freezing fraudulent transactions, and reversing stolen funds.
The term liquidity has various financial meanings that are often used interchangeably and can be very confusing; it could refer to the ease of how an asset is exchanged for another without affecting the market price, how much liquidity a company holds, aggregating liquidity from different sources, or providing access to liquidity.
FLUID LP – FLUID’s DeFi solution – will utilize Polygon as its commit-chain to provide ultra-low transaction fees at speed.
FLUID is a game-changer for the virtual assets industry in liquidity aggregation and provides high throughput, ultra-low latency and costs, and zero counterparty risk through AI quant-based solutions
Counterparty risk refers to the situation where one of the parties of the financial transaction fails to fulfill their commitments. In the traditional market, stocks, bonds, and derivatives carry counterparty risk.
Cryptocurrencies saw values soar in 2021 when some investors sought a haven from the inflationary pressures. Additionally, retail consumption spiked across the industry, with data revealing that global crypto use had increased by more than 880 percent last year.
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Trading technologies have evolved significantly over the years. The traditional finance trading technology evolved from a simple electronic order book to an ultra-fast, interconnected, AI-supported unified liquidity, allowing investors and institutions to facilitate advanced trading strategies.
Virtual assets are known for their volatility. Even though the virtual asset market is considered volatile, with the recent digital assets trading and investments boom, many institutional investors seek greater involvement.
As the DeFi industry exceeds growth forecasts, it has now significantly attracted more interest from financial institutions and regulatory bodies.
FLUID is the trading system that consists of an AI-based smart order routing protocol and cross-chain liquidity aggregator enabled by FLUID’s proprietary hedging pool providing high throughput at ultra-low costs, ultra-low latency, and zero counterparty risk.
Most present-day centralized crypto exchange platforms use custodial trading.
Liquidity is the measure of ease to which a cryptocurrency asset can be exchanged/traded into another crypto asset or fiat currency.
Regulation of exchanges and more broadly the infrastructure enabling the trading and exchange exchange of virtual assets has been a widely discussed hot topic that has over 2021 and 2022 graced many government bills.
It’s no secret that the crypto-verse moves at blazing speed with many projects finding success in disrupting the disruptors. So while DeFi protocols like yield farms and DEX’s were at a high last year, the flood of multiple similar platforms have prompted the rise of DEX aggregators like 1inch and 0x.