Alternative to tech giants in the Decentralized work!

 

Alternative to tech giants in the Decentralized work

The current Infrastructure is controlled by centralized authorities, who work to make a profit for themselves. Everything from Banking to the internet is controlled by entities who sell your data or track you to your underwears.

Anyways, let's take a look of the decentralized alternatives to the traditional world. This includes everything from finance to domains.

Finance (DeFi):

The current hot topic in the Crypto world is the Defi, decentralized finance. DeFi is an umbrella term for the finance sector, dominated by the Ethereum network, where everyone is accessible to financial products without KYC or approval from a centralized authority. A
of $6.92 Billion is locked in the Defi space, which includes lending, derivatives, exchanges and many more. Let's take a look at the top ones in each category.

Lending

1.  Aave

The Defi world is currently dominated by Aave finance, a non-custodial protocol on Ethereum for decentralized lending and borrowing. Aave is the first of a kind protocol launched for lending in 2017 as ETHLend. Currently, a total of 200K ETH is locked in the Aave protocol for lending and borrowing.

They provide some innovative features like flash loans, where millions in uncollateralized loans could be taken.

To start using the Aave protocol, head over to the native web interface, app.aave.com.

2.Decentralized Exchanges (DEX)

Decentralized Exchanges are exchanges which operate in a trustless, Decentralized and non-custodial way. Those words simply mean that the users don't have to trust a third party for the trade, the exchange operates in a decentralized way and the users could hold on their crypto in their wallet during the trade. This will reduce the potential risks associated with centralized exchanges, like hacks, denial of funds or takedown by the governmental authorities etc. The users also won't have to undergo KYC to trade their funds

Curve.finance, Uniswap and Balancer Exchange are some of the Crypto DEXs which you should consider over Binance or Coinbase.

 Curve.fi is the DEX powered by Ethereum which accounts for more than 1.1 Billion USD in trading volume. Curve.fi has a very unique user interface to swap ERC20 tokens easily. Curve uses token from the liquidity pools to complete the transaction. Users could provide liquidity to these pools to earn trading fees and different governance tokens like CRV and YFI.

Now, let's explore some other examples of decentralized alternatives.

Market place. (eBay)

Origin protocol offers an awesome alternative for peer to peer market place like eBay. Origins market place is powered of course by the Ethereum blockchain and the IPFS network, users will be able to accept payments in any ERC20 token and earn rewards for using their marketplace. Another product from the Origin protocol is dStore. dStore is an alternative to Shopify, which enables merchants to launch a censorship-resistant e-commerce website at little to no cost. Take a look at some of the dStore below.

store.brave.com store.solana.com kyber.ogn.app ighr.xyz

Social Media(Facebook & Twitter)

Lots of people talk about quitting Facebook, but few people actually do. Lots of people wish Twitter was a friendlier place, but what's the alternative? One common complaint targeted specifically at Facebook is that that Facebook Newsfeed algorithms decide exactly what you do and don’t see. Another problem is personalized advertising, which is of course only possible through accessing and interpreting personal user data.Well, there are loads of decentralized social networks out there that put the user first and foremost--some of them even make money and share it with the users. Here are the top decentralized social networks. 

1) Diaspora - It's been around for awhile and has more than a million users. Servers are independently run, and users own their data.

2) Minds - This open source network has more than two million users and prides itself on a lack of censorship. The network focuses on news feeds, blogs, groups, and general discovery features. It uses peer-to-peer advertising and allows you to monetize your content.

3) Relevant - It an app for curating information based on quality, not clicks. Relevant uses a reputation system and economic incentives to encourage users to rank and organize content within topic-based communities. It’s based on the principle of inclusive hierarchy — anyone can participate but not everyone’s vote holds the same weight.

Content sharing (youtube)

The current content sharing world is dominated by youtube and Netflix, which are controlled by centralized cooperations. They will be changing rules and policies, demonetizing content or taking contents down without notice. They offer no transparency to source code, data processing or storage. There are a couple of alternatives to these platforms. LBRY.tv, Dtube or Dlive are some examples.

lbry.tv

LBRY is a decentralized, open-source protocol that is controlled by it's users. LBRY facilitates a similar experience to the aforementioned services but does it in a way that is entirely decentralized and censorship-resistant. LBRY can never deplatform, demonetize or arbitrarily change the rules on publishers or consumers, making it dramatically more trustworthy.

Cloud storage (dropbox, G drive)

Storing your valuable data in the cloud is like wearing a transparent dress, the provider will be able to see the data stored on your account, manage your photos or sort them for your " convince" Internxt is trying to offer you a blockchain-based cloud solution, which is an end to end encrypted, secured by blockchain and allows you to pay with fiat if you need a premium. The free plan from Internxt offers 2GB free storage 

Internxt encrypts and fragment files into different shards, and is stored in different nodes. no one Machine will ever have the full file. the Decryption files are stored locally that enables only you to access your files.