The construction of Web2.0 was driven by the capital, and the capital is also richly rewarded. They want to extend the logic of investment and profit to the Era of Web3.0. However, such profit expectation conflicts with the inherent nature of Web3.0, where everything, including identity, data and wealth, is generated and controlled by users themselves. It is hard to imagine capital allowing all this. Of course capital still has its uses, but it must first fit into the vision of decentralizati...

My ideal Web3 system would have at least the following elements:Decentralized identity. ID must be owned by itself, which may sound like nonsense, but it's not easy if you understand the operating logic of a centralized platform. You belong to yourself, starting with ID. Only you can control yourself and you belong to yourself alone.Decentralize data storage. The data generated by your actions is stored on a decentralized network, which is technically mature, and of course you have to pa...

In a world of decentralized apps, we no longer trust third parties, but we still need to verify someone's identity before a smart contract can be executed. One solution is to have a separate identity product. This identity product needs to meet four basic characteristics: 1.An identity has some kind of unique identity. (The best architecture for storing such identifiers is the namespace that satisfies the Zooko triangle described above.) 2.Third parties can claim (register) information a...