Deeper Network - Getting Deep Into Web 3.0
The Decentralized Internet Infrastructure for Web3.0
The internet as we know it is rapidly evolving and will change everything about how we interact with the world. This new iteration of the internet is called Web 3.0.
Web 1.0, known as the Static Web, was the first reliable version of the internet. However, it was not very sophisticated and the network infrastructure was not fully developed. Download times were extremely slow. Commenting on articles, creating user profiles , and algorithms to sift through web pages were virtually nonexistent. The internet was a one way street populated with content created from a small group of individuals and companies.
However, despite all these advancements, Web 2.0 still has its challenges. Cybercrime, censorship, surveillance, and expensive bandwidth costs are big problems.
Restrictive ISPs and big tech companies blur the line between internet pioneers and greedy overlords willing to sell our data for ad revenue. Countries can ban websites and censor others. This is because platforms we use, like Twitter and Facebook, are centrally deployed and centrally managed by those companies. They control who can access their platform, when they can access it, and if they want to, they can restrict access completely. The user has no control over this process. Have you ever refused to accept the terms and conditions for apps you use? Probably not. Instead, we willingly sacrifice our personal data and privacy rights to gain access to the apps we love because we have no choice.
Web 3.0 And Deeper Network
The coming version of the internet, Web 3.0, however, aims to address many of these problems with the help of blockchain technology. In fact, we have already begun to see a shift in the way people are using blockchain technology in their daily lives.
Defi (Decentralized Finance) has given people the ability to do most of the things that centralized banks support — earn interest, borrow, lend, trade assets, and more. NFTs are another popular blockchain application that has massive implications for the future of social media, art, sports, and entertainment because everyone will have the ability to own and control their own data, as well as creative projects.
Web 3.0 will eventually mature into a more intuitive, completely decentralized network, with the promise of true sovereignty and freedom for its users. Almost every aspect of our lives and our continued reliance on large centralized platforms will be done away with. Censorship, cybercrime, and bandwidth costs will be greatly reduced. This will all be made possible with the help of Deeper Network technology and the infrastructure they are building for Web 3.0.
Deeper Network, an official member of the Substrate Builders Program, is based out of Silicon Valley, Santa Clara, CA. Their technology combines blockchain, network security, and peer to peer network sharing to usher in a decentralized, private, secure, and fair Web 3.0. They have also received a Web3 Foundation grant to build critical infrastructure related to Substrate of the Polkadot ecosystem.
Substrate is a technology that allows developers to build custom blockchains from modular components, according to their needs, in the same way that Wordpress allows developers to build websites according to their needs. Polkadot is the larger network protocol where developers can launch their blockchain. It will facilitate interoperability between the blockchains on the network, thereby allowing different blockchains to plug into a larger, standardized ecosystem.
But what infrastructure for Web 3.0 is Deeper Network building specifically?
The company's flagship product is called Deeper Connect, providing security protection, privacy protection, and network acceleration to significantly improve users' internet experience. It is a DPN—decentralized private network—and a 7- Layer Firewall. How does a DPN differ from a VPN?
A traditional VPN connects your device with a remote VPN server (also called a node). This connection is called a tunnel. All traffic on the device passes through this tunnel to the VPN server, then uses the server’s IP to access the Internet. You own your device, but the VPN server is owned by the service provider who controls access to these servers. They can also collect and sell your data, something they do all the time.
Deeper Connect DPN, conversely, is owned by the user. It serves as both a node in a decentralized private network and a next-gen firewall in the home network. Decentralized private networks are serverless and distributed; user data can never be logged, leaked, hacked, or subpoenaed. A layer 7 enterprise-grade firewall secures the user’s entire home network. It blocks ads and trackers, monitors web traffic, and can filter NSFW and NSFC on all internet devices.
When you’re not using the Deeper Connect device to access the Deeper Private Network, you can lend your idle bandwidth to the network to improve performance for others; it can be used as a network node (server), and a service gateway portal that runs 24/7 hours in the Polkadot Web 3.0 network.
Deeper Network currently has more than 1000 working nodes around the world in more than 80 countries.
Now that you understand the DPN, let’s discuss what the foundational infrastructure services Deeper Network is developing for Web 3.0.
A key feature of the Deeper Network is their decentralized Web (dWEB) services. Anyone will be able to build their own website and register it on Deeper Network. The IP address of the webserver is hidden, making websites resistant to censorships and DDoS attacks.
Deeper Network also boast a decentralized DNS (dDNS). DNS is the Domain Name System that allows your web browser to translate a domain name into an IP address so it can load those resources. The internet would be unbearable if you had to memorize IP addresses, like a phone number, for every website you wanted to visit. Currently all domain names are leased from ICANN – the global, centralized organization who preserves the stability of the internet. Even Google.com is leased from ICANN. But having a centralized DNS infrastructure makes the internet extremely fragile, and prone to censorship and attacks. Deeper Network will allow you to purchase decentralized domain names anonymously on the Deeper blockchain and give you complete ownership. Decentralized DNS services will help to make the internet more open because no website could be blocked or censored.
Deeper Network also is developing a decentralized CDN (dCDN). A centralized CDN (Content Delivery Network) accelerates the web browsing experience by caching content in the cloud. When you visit a website, its data is stored so that the next time you visit it, it will load much faster. CDNs are a cluster of servers geographically scattered in different parts of the planet. Typically when you log onto the internet, your computer is requesting website content from the closest CDN server to your geographical location. This is known as the edge server. Deeper Network’s decentralized CDN allows faster edge server access to cached content.
The result of this completely decentralized network of servers, bandwidth providers, dDNS, and dCDN resource providers will give Web 3.0 users the ability to access and create any website in the world in a completely private and untraceable manner. Additionally, no centralized entity can ban user access to dApps developed and launched in the Polkadot ecosystem. Bandwidth sharing guarantees a stable internet experience, even during peak hours. And online history can never be tracked or be used by 3rd parties.
The $DPR Token and Proof Of Credit
Deeper Network uses its own native token called DPR for economic incentivization, as well as for service provider micropayments. The total token supply is 10 billion. 6 billion tokens are locked and to be distributed as block rewards for validators and Deeper Network bandwidth providers. The amount of DPR created during each block decays over time, which is similar to Bitcoin. DPR has an initial circulating supply of 213 million tokens and is currently available to buy on Uniswap, MXC, Bilaxy, Lbank, and BigONE. Tier one exchanges are expected to be added in the future.
The two main mechanisms that involve the DPR token are micropayments (which are also closely connected to proof of credit) and staking by validators. To participate in Deeper Network you need to access the shared bandwidth being provided by other Deeper Network users. For each MB of data that the decentralized server provides to a user, the user will pay the other bandwidth providers a certain amount of DPR tokens. This is called micropayments. Anyone who has a Deeper Connect device can immediately connect to Deeper Network and share their bandwidth as a way to earn passive income in the form of DPR tokens. It’s worth noting that generally, users do not need to pay for DPN privacy services.
DPR Tokens can also be earned by providing dCDN resources to Deeper Network and for discovering and reporting malicious activity on the network.
Any participant in the network can also become a validator by staking some amount of DPR tokens. The weight of a participant in the consensus (i.e., their probability to be chosen as a validator in a particular epoch) is based on their total amount of staked DPR tokens and their credit rating from Proof of Credit.
Proof of Credit is an innovative consensus mechanism that mirrors the credit system in our daily life. It ensures true decentralization as every participant on the network is given an equal chance to contribute and earn rewards by sharing bandwidth. Each device will be associated with an account, i.e., public address. The more bandwidth a device shares, the more credit score will be earned by the account. Proof of Credit prevents validators with a lot of DPR tokens staked from gaining too much control over the network in the form of voting power because anyone with a Deeper Connect device sharing bandwidth gets assigned a credit score, regardless of how many DPR they have staked. This consensus mechanism will allow for a fairer system in the future to vote on protocol changes and updates.
Deeper Network can claim something that most new crypto projects cannot—a working product and a long list of reputable partners and backers. The Deeper Connect devices should give early investors confidence in the Deeper Network’s ability to execute on their larger vision. Simply put, it’s not vaporware.
The Deeper Chain is currently in beta testing, and the mainnet is scheduled to go live in Q3. Third-party developers will need to stake a certain amount of DPR tokens to have their dAPPs hosted within the Deeper ecosystem. At the same time, third-party dAPPs must be able to accept DPR as a means of payment for services. The DPR token will be used to power the entire Deeper Chain ecosystem. A Deeper mobile app is in development for Q3 release. And once the entire Polkadot ecosystem is live, the DPR token can be used freely.
If you’re planning on buying a Deeper Connect, get your order in now. The wait times are about 2-3 months. It’s available to purchase on Amazon, Best Buy (North America only), and Indiegogo. But as an early adopter, all the privacy features of Deeper Connect (DPN, ad blocker, etc.) are free for life and it can be used to mine DPR tokens immediately.
The infrastructure for WEB 3.0 to become a more secure, truly decentralized, and democratic medium for all people will revolutionize how we use the internet. Deeper Network aims to make that possible.
The information on this website is for general information only. No information provided in this article or any other content created by Coinvision constitutes financial advice. Coinvision is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this website.