Web3 is a user-friendly interface that combines the decentralization of Web 1.0 with the interactiveness of Web 2.0. Through blockchain technology, it ideally provides users greater control over their online experience while also increasing security.
Ethereum and other public blockchains are at the heart of the Web3 infrastructure. Good blockchain architectures must strike a balance between decentralization, security, and scalability.
Who are web 3 developers and what role do they play in blockchain development??
Web 3.0 developers are computer programmers with a solid understanding of decentralized computer technologies, data sharing, and distributed storage. They are well-versed in computer science and popular programming languages such as Rust, Java, and JavaScript.
Blockchain technology is most often connected with cryptocurrencies such as Bitcoin and Ethereum, but Web3 allows for the creation and use of decentralized apps (dApps).
Web 3 aims to improve the user experience on the Internet by establishing a more effective and secure system that allows for individualized interactions between users and websites. Because blockchain technology generates an immutable record of all transactions, data can be verified and confirmed without fear of modification or fraud.
Why ETM/P is an excellent platform for developers
ETM (Eonothem) is a public blockchain with Delegated Proof of Stake consensus, designed for large output Web3 apps and efficient high frequency decentralized finance. Smart contracts can be quickly and safely deployed in the ETM/P system with EVM compliant structural architecture. This provides ETM with a high level of scalability and composability. The consensus process is based on enhanced Byzantine fault tolerant consensus (Istanbul).
Delegated Proof of Stake increases operational and computational resource efficiency. Only 21 nodes are chosen in each round to process and validate transactions. This, however, may result in less decentralization and hostile coalition attacks on the system. To decrease the possibility of malicious node coalition and front running assaults, ETM/P employs a new permutation algorithm based on chaos factor and VRP (verifiable random permutation). These threats have long been a source of concern for DeFi installations.
The automatic adjustments of the parameters to control the ETM/P economic system is guided by the real time dynamic rebalancing. This is one of the key features and main innovations of ETM/P for optimizing user incentives and achieving a stable dynamic equilibrium.
The possibility of ETM economic system modeling and numerical simulation extends much beyond simple APY estimate. ETM opens the door to a wide range of applications for continuous time financial models, forward backward stochastic differential equations, and partial differential equations by developing a real-time dynamic rebalancing method. In the ETM economic system, systemic risk, liquidation risk, and other elements may be modeled and simulated considerably more accurately than in earlier PoS systems. This will open the way for complex financial instruments (the DeFi Lego) to be built with data-driven, quantitative risk management.
Core features of the ETM/P platform
DPoS (DELEGATED PROOF OF STAKE):
The core premise of the ETM/P consensus process. DPos offers
A. Delegated Stake of Proof does not impede decentralization.
B. Scalability & operational stability
C. Economic security
D. Efficiency
About ETM/P
ETM/P was designed to allow anyone to create applications and games. For Web3, it is efficient, speedy, and fairly priced.
It is currently in the Proterozoic stage, constructing a whole ecosystem of decentralized platforms.
Following that, it will transition to the Phanerozoic: establishing ETM/P DAO (Decentralized Autonomous Organization).
For more updates and information
Follow on twitter: @ETMProterozoic
Visit website: https://etm.network
