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Lemmy and Mastodon feel like the real web3. (lemmy.world)

submitted 1 year ago by [email protected] to c/[email protected]

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I think this decentralization and federation is what web3 is all about, without all the corporations calling everything to do with monkey pixel art that costs a million dollars "web3"

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[–] [email protected] 1 points 1 year ago (1 children)

@kiriakos @fubo Blockchain is also a cool technology I think but I don't think it's so well suited for social networks because any node needs to store all the data so it becomes quite heavy with time. Blockchain is better suited for financial transactions which it does really well in my opinion.

[–] [email protected] 2 points 1 year ago

Blockchain is well suited for storing authentication and provenance information. The Fediverse could benefit from blockchain stored instance, user, and community metadata.