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Hive Advantage: Decentralized Database And The Foundation Of Web 3.0 by taskmaster4450

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· @taskmaster4450 ·
$18.29
Hive Advantage: Decentralized Database And The Foundation Of Web 3.0
We continue our series discussing the advantage Hive holds on other ecosystems, both Web 2.0 and 3.0.

Here are the first two articles:

* [Hive Advantage: True Account Ownership](https://leofinance.io/@taskmaster4450/hive-advantage-true-account-ownership)
* [Hive Advantage: 20% APR Without Counterparty Risk](https://leofinance.io/@taskmaster4450/hive-advantage-20-apr-without-counterparty-risk)

In this article we will discuss the idea of [decentralization](https://leofinance.io/@leoglossary/leoglossary-decentralization).  We covered it a bit in the one regarding [counterparty](https://leofinance.io/@leoglossary/leoglossary-counterparty) [risk](https://leofinance.io/@leoglossary/leoglossary-risk).  However, it is vital we cover it in light of all that is happening.

![image.png](https://images.hive.blog/DQmcTHayc1kiMmVLVxwWGJRxA3UN163QUkqd7Z8Yo3B3D9j/image.png)
*Image by @doze*

### Web 3.0

There is no way to have [Web 3.0](https://leofinance.io/@leoglossary/leoglossary-web-3-0) without decentralization.  This is one of the tenets of the entire transition from the present state of the Internet.  [Web 2.0](https://leofinance.io/@leoglossary/leoglossary-web-2-0) was very powerful in terms of the tools that were brought to the table.  However, it also put a lot of power in the hands of very few companies.  The situation is even worse when we consider the fact these entities are controlled by very few people.

The [cryptocurrency](https://leofinance.io/@leoglossary/cryptocurrency) industry espoused how it is decentralized.  Events throughout 2022 are evidence how this simply is untrue.  We are not getting decentralized systems.  Instead, we are getting more control exerted over us with a few entities having the power to make all decisions.

Hence, this goes in direct opposition to the concept of Web 3.0.

Fortunately, Hive exists to counter this.  The blockchain is decentralized in its [governance](https://leofinance.io/@leoglossary/leoglossary-governance) model.  Using a [Delegate Proof-of-Stake (DPoS)](https://leofinance.io/@leoglossary/leoglossary-delegated-proof-of-stake-dpos) model that established [block](https://leofinance.io/@leoglossary/leoglossary-block) production on a rotation basis, the design is resulted in no single entity having control.

The key feature is distribution.  When using [coin](https://leofinance.io/@leoglossary/leoglossary-coins) voting, it is vital that a few [wallets](https://leofinance.io/@leoglossary/leoglossary-wallet) do not have all control.  If an overwhelming majority of the distribution is in the hands of a few, that is not decentralized.

With Hive, the largest holders of [Hive Power](https://leofinance.io/@leoglossary/leoglossary-hive-power-hp) (staked [$HIVE](https://leofinance.io/@leoglossary/leoglossary-usdhive)), are holding less than 5%.  This means an attack through back room deals is not truly viable.  Gaining control through this means is a near impossible task.

Another important component is the fact that the rotation ensures that all of the consensus [block producers](https://leofinance.io/@leoglossary/leoglossary-block-producer), as long as they remain there the entire month, will produce the same number of blocks.  This is the case regardless of the amount of [stake](https://leofinance.io/@leoglossary/leoglossary-staking) voting for them.  

We see how important this is with Ethereum's shift to [PoS](https://leofinance.io/@leoglossary/leoglossary-proof-of-stake-pos).  Since there is coin voting yet the percentage of the stake one has determines the probability of getting a block means that the largest validator pool will get the majority of the blocks.  This gives an enormous amount of power to a few entities.

Therefore, since Hive has a decentralized, [base layer](https://leofinance.io/@leoglossary/leoglossary-base-layer-blockchain) node system, we can begin the process of building out Web 3.0.  This is not something that can take place in too many other ecosystems since we they have controlled block production.  That is just putting a different tilt on Web 2.0.

### Decentralized Text Database

This is a concept we discussed in the past yet is vital to the concept of decentralization. 

Decentralized [data](https://leofinance.io/@leoglossary/leoglossary-data) is the core element of Web 3.0.  Having a [database](https://leofinance.io/@leoglossary/leoglossary-database) that is permissionless, [immutable](https://leofinance.io/@leoglossary/leoglossary-immutable), and allows for the permanence of information is crucial to the future evolution of the [Internet](https://leofinance.io/@leoglossary/leoglossary-internet).  

When we look at Web 2.0 [applications](https://leofinance.io/@leoglossary/leoglossary-application), we see how the data is fully in control of Facebook, [Google](https://leofinance.io/@leoglossary/leoglossary-alphabet-google-financials), Twitter, or PayPal.  The same is true for the banks who control the global monetary ledger.

With Hive, nobody is in control of this.  The block producers who are global all keep the software running.  At present, there are over 100 computers with identical copies of the database.  The individuals or team behind that node are in full control of that version of the database.  There is no say, however, over any of the others.  That is completely outside of their control.

The idea of [distributed ledger technology](https://leofinance.io/@leoglossary/leoglossary-distributed-ledger-technology-dlt) is financial in nature.  Basically, [Bitcoin](https://leofinance.io/@leoglossary/leoglossary-bitcoin) was a ledger that was designed to allow the [medium of exchange](https://leofinance.io/@leoglossary/leoglossary-medium-of-exchange) without the [banks](https://leofinance.io/@leoglossary/leoglossary-bank) in control.  The database on that [network](https://leofinance.io/@leoglossary/leoglossary-network) is similar to bank ledgers.  It is a series of transactions depicting where [money](https://leofinance.io/@leoglossary/leoglossary-money) resides.  

With Hive, we go far beyond that.  This database is not only a ledger of [transactions](https://leofinance.io/@leoglossary/leoglossary-transaction), it also can house text data similar to centralized nodes.  Writing an article that is posted to the [blockchain](https://leofinance.io/@leoglossary/blockchain) means it is permanent.  Since it cannot be censored or taken down, we have a full history of what is taking place.

We can see how this is obviously different from what is taking place on other platforms.

Again, when we look through the lens of Web 3.0, how can that exist if the database is centralized.  Now we are simply recreating Facebook, Twitter, or PayPal.

### Decentralized Layer 2

A final component that could be worthy of its own article is the idea of replicating the decentralization at the second layer. 

Having a decentralized blockchain is not enough.  This is only the beginning.  Since everything is not going to reside at the base layer, it is crucial that [layer 2](https://leofinance.io/@leoglossary/leoglossary-layer-2) applications can operate on a decentralized [node](https://leofinance.io/@leoglossary/leoglossary-node) system also.

Here is where Hive is also excelling.  Through products such as DLUX (Honeycomb) and the Hive Application Framework (HAF), we see the concept starting to take hold. 

This is a crucial component for [decentralized finance (DeFi)](https://leofinance.io/@leoglossary/leoglossary-decentralized-finance-defi), something that was espoused yet not created in reality.  Hive is looking at offering a host of DeFi features at the second layer, all tied to a decentralized node system.  Once again, we see how the [infrastructure](https://leofinance.io/@leoglossary/leoglossary-infrastructure-computer) is such that can put together projects that truly can be decentralized.

It will be interesting to see how the use of [decentralized autonomous organizations (DAOs)](https://leofinance.io/@leoglossary/leoglossary-decentralized-autonomous-organization-dao) factor into this.

Ethereum is touted as the leader in DeFi.  The problem with this viewpoint is the blockchain is obviously becoming centralized with a couple of validators taking over.  There is even discussion about instilling [KYC](https://leofinance.io/@leoglossary/leoglossary-know-your-customer-kyc).  This is a major warning that we are not dealing with Web 3.0 in this situation.

That mean, in turn, we cannot be dealing with DeFi at the second layer.  If the base layer is centralized, everything built on top is at risk.

With Hive, this is not the situation.  We have a decentralized base layer with the intention of mirroring that at the second layer.  

This is the foundation of Web 3.0.  

___
If you found this article informative, please give an upvote and rehive.



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@bozz ·
$0.03
RE: Hive Advantage: Decentralized Database And The Foundation Of Web 3.0
Times like these really make you realize just how important decentralization is!

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@taskmaster4450le ·
$0.05
RE: RE: Hive Advantage: Decentralized Database And The Foundation Of Web 3.0
It seems the only time people care is when things go bad.

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@bozz ·
Human nature I guess.
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@devpress ·
$0.03
Do you think any new chain would be able to topple the Ethereum after recession? (I know Hive has the potential but from the context of popularity and the big projects being launched).
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@taskmaster4450le ·
RE: RE: Hive Advantage: Decentralized Database And The Foundation Of Web 3.0
I dont think Ethereum is going to topple.  It is a very powerful chain with a lot of large players.  Most of them are unconcerned about centralization or regulation.

Hive has a chance to offer a great option for developers who are interested in build on decentralized infrastructure.  This is something that cannot take place elsewhere.

Ultimately, we will see a lot of the activity on Hive at the second layer.

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@dwayne16 ·
$0.03
RE: Hive Advantage: Decentralized Database And The Foundation Of Web 3.0
Hive technology is well built for this (web3.0), decentralization is what makes hive powerful and building something that well designed, user friendly and not complex to with if you are a developer. I believe more applications is coming to hive with time.

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@taskmaster4450le ·
RE: RE: Hive Advantage: Decentralized Database And The Foundation Of Web 3.0
It is a way to star the foundation.  This is not something we see elsewhere.  

What was touted as "decentralized" quickly turned into more of the same.

Now we have to really focus upon providing an alternative.

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@hankanon ·
RE: Hive Advantage: Decentralized Database And The Foundation Of Web 3.0
The layer 2 has been my best discovery of opportunity.
With the ecosystem being a small but activity community gives opportunities for active and passive income.
Also it gives consistently inconsistent creators like myself to build a business online without overhead costs or technical know how.
In 2023 I plan on activating my store on HiveList and hopefully be able to move out of the banking system completely by the end of 2024.


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@jfang003 ·
$0.03
RE: Hive Advantage: Decentralized Database And The Foundation Of Web 3.0
The decentralization is good but I wonder if the block size and storage will eventually increase in cost. Then again, it probably won't be an issue for another few years at least.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-taskmaster4450-7wsw9i)
👍  
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vote details (1)
@joetunex ·
$0.03
RE: Hive Advantage: Decentralized Database And The Foundation Of Web 3.0
> Now we are simply recreating Facebook, Twitter, or PayPal.

This I believe is true and even much more in so many ways with no central entity behind Hive we can even add recreation of YouTube to it as well...

I look forward to the DLUX coming to life on Hive, it could possibly house one of the best DeFi in this space as it mirrors Hive's decentralized protocol.   

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@joetunex/re-taskmaster4450-5pcylm)
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vote details (1)
@taskmaster4450le ·
RE: RE: Hive Advantage: Decentralized Database And The Foundation Of Web 3.0
The Honeycomb infrastructure is going to allow for some interesting creations.

It is going to be excited to see what rolls out.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-joetunex-2a6zbu)
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@pixresteemer ·
<center>![pixresteemer_incognito_angel_mini.png](https://files.peakd.com/file/peakd-hive/pixresteemer/8h7BBw1w-pixresteemer_incognito_angel_mini.png)</center><center>Bang, I did it again... I just rehived your post!</center><center>Week 132 of my [contest](/hive-179017/@pixresteemer/the-re-hive-contest-results-week-131-and-start-week-132) just started...you can now check the winners of the previous week!</center><center>!LUV</center><center><sub>12</sub></center>
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@luvshares ·
@taskmaster4450, @pixresteemer<sub>(6/10)</sub> sent you LUV. <a href="https://peakd.com/@luvshares/about" style="text-decoration:none"><img src="https://files.peakd.com/file/peakd-hive/crrdlx/AKU7oyCXxGwYyudB42kJ7JtoZ63bdeHvm4icoT9xdGNxA4i4BwudGyPvTQrEwPd.gif"></a> <a href="https://tribaldex.com/wallet/" style="text-decoration:none">wallet</a> | <a href="https://hive-engine.com/trade/LUV" style="text-decoration:none">market</a> | <a
    href="https://crrdlx.websavvy.work/" style="text-decoration:none">tools</a> | <a 
    href="https://discord.gg/K5GvNhcPqR" style="text-decoration:none">discord</a> | <a href="https://peakd.com/c/hive-159259">community | <a href="https://ichthys.netlify.app" style="text-decoration:none"><>< daily</a>
<br>
<center><a href="https://crrdlx.websavvy.work/wiki" target="_blank"><img src="https://files.peakd.com/file/peakd-hive/crrdlx/23sxEPgMNuQ5YPsuGungJ25Dpd6BjwgUmNkFAGCNnsKABBpUPXuRVgahFnwuZm9Qnf8Eh.png"></a><br><a href="https://crrdlx.websavvy.work/wiki" target="_blank">HiveWiki</a></center>
<br>
<center><a href="https://peakd.com/nftforpeace/@hivebuzz/nft-for-peace" target="_blank"><img src="https://files.peakd.com/file/peakd-hive/luvshares/242henrWsje7ivLwY3jxy15af3LJqvUzEmrEKAViGAowE1XsPqkDUuQ6QnwYpVJUWKN7c.gif"></a><br><a href="https://peakd.com/nftforpeace/@hivebuzz/nft-for-peace" target="_blank">HiveBuzz.me NFT for Peace</a></center>
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@poshtoken · (edited)
$0.02
https://twitter.com/2424842408/status/1592905141174546432
https://twitter.com/905866971157217280/status/1592909829231718401
https://twitter.com/1415155663131402240/status/1592915076306329600
<sub> The rewards earned on this comment will go directly to the people( @mcoinz79, @rzc24-nftbbg ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.</sub>
👍  
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vote details (1)
@rzc24-nftbbg ·
$0.03
RE: Hive Advantage: Decentralized Database And The Foundation Of Web 3.0
> At present, there are over 100 computers with identical copies of the database.

It reminds me of one website that has been recently shut down by the DOJ due to the distribution of copyrighted electronic books on the web. The regulators can easily do it on a single website. I wonder how much power regulators must have to shut down over 100 computers all over the world "with identical copies of the database."  

> Writing an article that is posted to the blockchain means it is permanent. Since it cannot be censored or taken down, we have a full history of what is taking place.

Blockchain is indeed an amazing technology! I could not imagine how many "noble deeds" have been done in the shadows. People in power hate such transparency. I think this is really the way to return power back to the people. 

> There is even a discussion about instilling KYC. This is a major warning that we are not dealing with Web 3.0 in this situation.

That's the thing I find difficult to understand. Many projects out there claim to be Web 3.0 but KYC is a must. 

> That mean, in turn, we cannot be dealing with DeFi at the second layer. If the base layer is centralized, everything built on top is at risk.

Let this sink into my brain. 😆

> With Hive, this is not the situation. We have a decentralized base layer with the intention of mirroring that at the second layer.

I just realized this feature of Hive I think sometime in March this year. When I saw this, I could not believe that this is really happening. Just this afternoon, I was about to publish an article, but PeakD was down, and so I went to ecency. 

Curious if there are other Web 3.0 projects out there that do exactly these things.  

A big thanks! 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@rzc24-nftbbg/re-taskmaster4450-2onahx)
👍  
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vote details (1)
@taskmaster4450le ·
RE: RE: Hive Advantage: Decentralized Database And The Foundation Of Web 3.0
Yeah well they can shut down one website with copyrighted material yet they cannot stop the illegal download of music.  It becomes a game of whack-a-mole.

Blockchain infrastructure is the same way.  Go after one node, there are 100 more.

>I just realized this feature of Hive I think sometime in March this year. When I saw this, I could not believe that this is really happening. Just this afternoon, I was about to publish an article, but PeakD was down, and so I went to ecency.

This is why Hive can be the "everything app".  The front ends can access all that is on the chain due to the decentralized database.  Any app can read it.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-rzc24-nftbbg-3tjaec)
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vote details (1)
@rzc24-nftbbg ·
$0.03
Good to know that the idea of an "everything app" has already been implemented on Hive before it became popularized. 
👍  
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vote details (1)
@shortsegments ·
$0.03
RE: Hive Advantage: Decentralized Database And The Foundation Of Web 3.0
## Outstanding Post
I converted this to ten Threads and Ten Tweets!
I think this information needs to be spread.
Feel free to ReTweet my Tweets on Twitter!
Credit give to you as the source.

https://twitter.com/shortsegments/status/1592965324181504000?s=20&t=5CuWUTM0h8DgPWNFNsn7Kg

https://twitter.com/shortsegments/status/1592965727786782721?s=20&t=5CuWUTM0h8DgPWNFNsn7Kg

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@shortsegments/re-taskmaster4450-5okuix)
👍  
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vote details (1)
@videoaddiction ·
$0.03
Knowing that only I can control my account and my account will exist forever makes HIVE different than the rest ;)
👍  
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vote details (1)
@taskmaster4450le ·
RE: RE: Hive Advantage: Decentralized Database And The Foundation Of Web 3.0
Yep.  And the assets that are in your wallet is yours and you cannot have the account closed and keep you from your money.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-videoaddiction-ysbws)
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@young-kedar ·
$0.03
Hive is truly ahead of the pack in building Web 3.0. Decentralization is a fundamental component that many blockchain trying to build web 3.0 lack. I think it's vital to also decentralize the layer (layer 2) were most of the applications will be built on the blockchain. That way, the decentralization mechanism is enforced. 
👍  
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vote details (1)
@taskmaster4450le ·
RE: RE: Hive Advantage: Decentralized Database And The Foundation Of Web 3.0
The buildout on the second layer is very exciting.  We will see how long it takes some of this to come to life.

What is important is we know it is being worked upon.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-young-kedar-7rcdh3)
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