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Web3 promises a return to the early ideals of the internet: a utopia of transparency and self-ownership. But how well does it actually work in practice? And what does decentralisation even mean? ....
Internet Computer, the £15bn cryptocurrency that aims to remake the web Dominic Williams wants to loosen the grip of cloud computing giants like Amazon with a decentralised alternative 21 May 2021 • 9:00am For a man whose cryptocurrency has lost nearly £15bn in just over a week, Dominic Williams seems strangely relaxed. “Look at the crypto markets too much and you’ll get an aneurysm,” he says wryly. Certainly, this week has likely given crypto enthusiasts a headache. The price of Bitcoin, the most popular cryptocurrency, shook markets on Wednesday with a 31pc plunge in the morning followed by a 33pc surge in the afternoon. ....