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Lemmy and Mastodon feel like the real web3. (self.lemmyworld)

submitted 1 year ago by kiriakos to c/lemmyworld

315 comments fedilink hide all child comments

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] -9 points 1 year ago (7 children)

Proof of Stake will keep actual resource costs maintainable, and Blockchain does do some cool stuff for decentralization, and therefore federation. Right now Lemmy instances are tied to DNS. Hopefully in the future they will be tied to cryptographic assets. Distributed Autonomous Organizations are a great example of the potential.

[–] [email protected] 12 points 1 year ago (4 children)

What advantage would switching to crypto have? I'm not well versed in how Lemmy works yet but I don't see why Lemmy would need blockchain.

[–] democracy1984 11 points 1 year ago

Blockchain is basically a write only database. It's great for stuff like financial transactions, but it's not really necessary for something like Lemmy.

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