Topic: Genesis will lead the Web 3.0 infrastructure revolution (Read 12 times)

Recently Web 3.0 has been considered as the future trend and has become a widely discussed topic in the technology industry, with rising attention. The crypto industry also has high values for Web 3.0, expecting to build a new world of Decentralized, Code is Law, Permit-free, and Independent Autonomy through encryption technologies.

In fact, since the second half of 2020, the Web 3.0 ecosystem has undergone a radical change, with DeFi becoming the biggest hotspot, with new applications popping up all over the world, covering various tracks such as lending, DEX, DeFi derivatives, stable coins, etc. NFT and GameFi have also become hotspots in the industry, giving rise to a large number of applications again.

However, the booming application ecosystem has more strict demand on the underlying infrastructure of Web 3.0, since Ethereum network has been congested several times, causing soaring gas fees. Although new public blockchains are emerging, they have also caused bad information exchange between different ecosystems, and the silo effect has become a major problem hindering the development of blockchain. For crypto developers, they face greater technical challenges as well as cost difficulties in order to carry out blockchain development on different chains.

Currently the underlying public blockchains have good performance in market, the next step is to achieve interoperability. As Web 3.0 continues to evolve, it is possible to envision a future where a large amount of resources are focused on easy integration with other projects, not limited by the underlying infrastructure, which is exactly the direction Genesis has been working hard to cultivate.

As encryption technologies move into mainstream, requests for blockchain data processing will grow exponentially. Genesis will provide decentralized infrastructure support for each blockchain projects and will drive a huge change in the Web 3.0 ecosystem.

So what exactly is Genesis?
In brief, Genesis is a distributed infrastructure built for Web 3.0 that supports seamless and secure interactions between blockchains and between applications. Genesis aims to build a complete distributed network of blockchain nodes where developers can simply integrate blockchain technology into websites, mobile apps, IoT, and reach mainstream consumers without trusted protocols.

In the long run, Genesis, as a new decentralized network protocol, will gradually replace the traditional centralized service providers. In the old model, the middleman captured value from the user; in the new model, the users (we developer/app) capture value from the protocol.

In addition, Genesis is also highly composable and can be complementary to other protocols. Cross-chain interaction is also part of the core vision of Genesis, which consists of a collection of multiple blockchains heterogeneously composed, through a network that allows communication and data transfer between different blockchains.

Genesis is underpinned by the most efficient Rust language, and currently there are no more than 200 senior Rust engineers worldwide, which means the high efficiency and stability of Genesis; Genesis network produces one block every 6 seconds, TPS = 5000; in addition, smart contracts of Ethereum, Polkadot, BSC, and Heco are compatible and implementable on Genesis; meanwhile Genesis has the most advanced cross-chain technology, all public blockchains can be intergrated to Genesis chainnet for circulation and trading; Genesis comes with Dex, which can trade any cryptos and smart contracts; it adopts the original heterogeneous composite chain technology to construct a huge public blockchain cluster, which can expand the performance and function infinitely, and the sub-chains and side chains do not occupy the public blockchain performance.

Genesis is the integration of all the known blockchains, including Bitcoin, Ethereum, EOS, Polkadot, etc., all into its ecosystem. It always carries the idea of inclusion. In the future, we can imagine that application scenarios of Genesis will be highly integrated and highly innovative!