Zinnia is Web3

October 16, 2022

Web3 is the new version of the internet that will change how we interact online. However, the future of Web3 is not just about the internet; it's about how we live, work, and interact.

Web3 will transform all aspects of our lives, from how we communicate, conduct business, manage our finances and even play games. It will provide people with a more direct connection to their governments, financial institutions, and communities, allowing them to take total control of their data and identities. 

What makes Web3 Possible?

  1. Web browsers
  2. Data storage
  3. Computer processing power
  4. Decentralized P2P network 

The Benefits

Better internet for users, with more privacy and security, less control from central bodies, and more freedom for users to decide what content they want to see or share. Plus, more opportunities for developers to build their apps and services without the need for a central body to control them.

Say No to Censorship

The need for Web3 (Web 3.0) has been born from the control, censorship, and centralization of the current internet as we know it. The centralized companies currently dominating Web2, whether financial, communications, social, or gaming, essentially all fall under the same umbrella. This has caused huge issues concerning the ownership of data, its permissibility, and how it's used by the entities described above and those who buy the data. We believe that data should be owned by you and used only with your understanding and explicit permission. 

Blockchain was originally designed to minimize the sole ownership of financial data from transactions and redirect it back into the user's control. Since the birth of bitcoin, the technological world has realized that not only does this technology benefit your financial world, but it is also massively important in the security of your biodata. Web3 seeks to use the original blockchain fundamentals and couple them with your everyday digital footprint to make your online experience more independent and secure. 

The critical component of Web3 isn't just the security of blockchain cryptography and its use cases. The issue is centralization vs. decentralization. Centralized companies can still use blockchain, and if something is centralized, it can still be deleted, manipulated, or corrupted. Zinnia Network aims to delete all of these potential failures by completely decentralizing the decision-making process over the entire network.

This is Web3

Zinnia DAO operates in the same manner as a traditional company board but with zero direct financial interest in the company's underlying shares. Public participation is based on the votes of stakeholders. Web 3 for Zinnia is the potential of 80,000 stakeholders (from any walk of life) securing the network while at the same time having a voice in how the DAO is operated. The Zinnia DAO, while improving and enhancing the functionality of the core blockchain protocol, is building public-focused blockchain-based applications for the everyday person. This means that you and your family can continue to enjoy the benefits of free apps like maps, search engines, fitness trackers, music platforms, and social media without sacrificing your personal data to the highest bidder. 

Any participant holding a licence to vote can propose or tender on any public application that is built by the DAO through our approved Zinnia development program. This means if you, as an individual, want to suggest a product is built for the benefit of the public, you can. Or, if you want to develop a functional product that is focused on improving data security for the people, then you can do that too. You can even apply for a grant from the treasury, Z-2122.