Decentralisation
Private Data, Completely Secure:
At Wag3s, we prioritize giving users the choice of where to store their data, catering to both Web2* enthusiasts and those embracing the future of blockchain* and decentralization*.
Secure Database Storage - Traditional Approach:
- Storage Options: Choose to securely store your data either on our servers or locally on your server with available backup options.
- ✅ Advantage: In the event of hardware failure or user error, data recovery is entirely feasible thanks to the meticulous maintenance of backups. This ensures a safety net for unforeseen circumstances, allowing for the restoration of critical information.
- ❌ Disadvantage: It's essential to acknowledge that no system is foolproof. Opting to store both data and backups on our server means relinquishing sole ownership of your data. While robust security measures are in place, sharing server space implies a level of shared responsibility for data integrity and control.
Decentralized Data Storage - The Full Web3 Solution:
- ✅ Advantage: Experience absolute security and confidentiality when you store your data using the Full Web3* Solution, providing unparalleled assurance of complete ownership and privacy. This approach aligns with the principles of decentralization, putting you in complete control of your sensitive information.
- ❌ Disadvantage: it's crucial to be aware that adopting a decentralized approach means we do not store any of your data. While this ensures heightened privacy and security, it also implies that any loss of access or errors on your end could lead to irretrievable data. This underscores the importance of user responsibility and careful data management practices.
Wag3s aims to balance traditional security measures with the innovative advantages of decentralization, offering solutions that meet diverse needs. Our overarching philosophy is rooted in achieving complete decentralization, where data is secured and stored on-chain*.
Collaborative Efforts towards a Decentralized Future
Recognizing the challenges in the current landscape, such as performance issues and privacy concerns, Wag3s collaborates with leading projects to advance a fully decentralized future. We are contributing to this vision and will share more details as our collaborative efforts progress, ensuring transparency and alignment with our goal of a robust, efficient, and privacy-centric decentralized data storage solution.
Explore Wag3s' commitment to decentralization and our innovative solutions at Wag3s.
Web2: Refers to the second stage of development of the World Wide Web, characterized by the move from static web pages to dynamic or user-generated content and the growth of social media.
Blockchain: A system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain.
Decentralization: Refers to the transfer of control and decision-making from a centralized entity (individual, organization, or group thereof) to a distributed network. Decentralized networks attempt to reduce the level of trust that participants must place in one another and deter their ability to exert authority or control over one another in ways that degrade the functionality of the network.
Web3: Also known as Web 3.0, it refers to the evolution of web utilization and interaction which includes the transformation of the web into a database and data interconnected in a decentralized way, which can be a significant departure from the current centralized web (Web 2.0).
On-Chain: Refers to transactions and data stored directly on the blockchain itself. This is in contrast to 'off-chain' where data is stored outside the blockchain but may interact with it.