Direct from the desk of Dane Williams.
It doesn’t matter if Web3 applications or networks are decentralised, all that matters is those housing your account.
I genuinely believe that almost everyone is thinking about the decentralisation aspect of Web3 the wrong way.
In short, it doesn’t matter if the sites, applications and networks you connect to are decentralised or not.
All that matters is the decentralisation of the network housing your Web3 account and this is why Hive is the key.
Let me explain.
Web3 simply offers choice
A Web3 future will see you use your same account to traverse across different applications and networks.
Some of these will be decentralised applications (dApps) running on fully decentralised networks.
But the rest of them won’t be dApps at all.
They’ll simply be your classic centralised applications running on someone’s server.
And that’s entirely okay!
You see, the concept of Web3 doesn’t mean that everything HAS to be decentralised.
It just means that users now have a choice to the types of applications they use and the networks they connect to.
And choice is good!
Both centralised and decentralised applications have their specific advantages.
Most notably, centralised applications have the advantage of efficiency, while decentralised applications offer freedom.
Both can and will co-exist in any healthy Web3 ecosystem.
Web3 account ownership is all that matters
But there is one place where the decentralisation of Web3 truly matters.
And that’s at the account level.
If the network housing your Web3 account is centralised or vulnerable to takeover by a single actor in any way shape or form, then the entire concept falls apart.
This is where your data, wallet, followers sits.
Can you see the difference here?
So while you may be banned from connecting to a Web3 dApp for whatever political, moral or personal reason the owner may have, you are NEVER able to lose ownership of your account itself.
Along with everything important on top of it.
An interesting way to look at it is that currently the Chinese government operates a parallel version of the internet featuring only CCP approved content.
While interacting with certain aspects of this parallel internet, your centralised Web2 accounts (and everything they house) can be seized at any time the tech companies/banks/whoever comply with government requests.
As you can see, the decentralisation of applications and networks here doesn’t matter because your centralised account is the vulnerability.
Your Web3 account and the decentralised network the account operates on top of which ensures its security, is key.
A Hive account is the key to Web3
Therefore you need to stop worrying about the decentralisation of Web3 applications and start worrying about the decentralisation of your Web3 account itself.
In my opinion, this is why a Hive account is going to have such an important role to play in the future of Web3.
It is almost the only Web3 account that ticks all the boxes of decentralised nodes and featuring a token distribution (for DPoS governance) that ensures a takeover is all but impossible.
The network proved as such with its fork from Steem to Hive.
So if you can now see merit in the need for a truly decentralised Web3 account, then take the next step and secure your own Hive account.
LeoFinance makes it incredibly easy to create an account that also acts as a crypto wallet by offering you the ability to use your Web2 Twitter account to sign up.
Simply head to leofinance.io, click the get started button at the top and create your account using your Twitter login.
When you’re ready, you can claim your keys and take full control of your account.
Your Hive account may very well become the epicentre of your future Web3 experience.
Best of probabilities to you.