Cybercriminals are becoming increasingly cunning and are claiming many victims. The truth is that they conform to the security measures implemented in current systems, which tells us that we need to change this. When it comes to security, there is a monumentally vast difference between Web2 and Web3 systems. Web3 platforms can make web security a reality.
Traditional Web2 platforms are full of inefficiencies and major problems, most notably SPOF or single point of failure. A SPOF is a non-redundant part of a network/system that, if compromised, can cause the entire system to fail. And this is a big problem on Web2 platforms.
As Web2 platforms are highly centralized, their operation depends on a single company or server. Web3 systems are completely decentralized in their mode of operation. Thus, all transactions that occur within a Web3 network are facilitated in a peer-to-peer manner, without a central authority overseeing the transfers.
Sharp rise in Web2 breaches
Many rapes have been happening on Web2 in recent years. In 2017, for example, Equifax, one of the largest reporting agencies in the United States, ended up exposing the personal data of more than 145.5 million of its customers.
In 2019, hackers managed to extract the details of 885 million customers associated with insurance and settlement services provider First American Financial Corp. And it didn't stop there, a few years ago, hospitality giant Marriott International faced a data breach that saw sensitive data relating to around 500 million guests leaked online.
Web3 can be an ally in online security
Web3 projects like Naoris are changing online security. To help mitigate the security issues mentioned above, projects like this are leading the way.
The Naoris protocol seeks to help revolutionize the way security in today's technology ecosystem is approached, considered and implemented, enabling more secure information sharing environments.
Furthermore, thanks to its high degree of decentralization, as well as the use of a tokenized machine economy, Naoris is able to completely get rid of any single point of failure, while establishing a reliable communication layer between all its associated devices in real time.
Naoris uses a novel consensus mechanism called Distributed Proof of Security (dPoSec) that is capable of processing 50k – 1M transactions per second while making use of a sharding-like architecture known as Verge Clusters.
Naoris acts as a complementary security layer that does not interfere with the functioning of any traditional/centralized cyber tools with which it may be associated.
In fact, the protocol provides its users with simplified access to a global threat mitigation environment that helps benefit all parties involved. Additionally, users receive real-time threat intelligence and information from the daemon on their devices and other participating networks.
There is substantial evidence to suggest that the current Web2 architecture is not equipped to handle the level of cyber threats the world currently faces. Thus, the migration to the use of Web3 technologies, such as Naoris, will happen gradually over the next few years.
