001Evolution of the internet browser
“ You’ve got mail!’’
AOL introduces consumers the concept of Internet connectivity.
Sparking the 90s Internet boom, the first consumer based Internet browser is invented.
Mosaic, the first GUI based web browser that enables a more engaging user experience through the inclusion of graphics launches. It is quickly followed by the profoundly ubiquitous Netscape Navigator.
Becoming accessible to a global audience, the Internet changes the way we all access information.
002 Invention of the cloud
AT&T’s Personalink innovates the concept of all web-based services, founding the concept for today’s Cloud driven internet.
Amazon Web Services introduces their cloud storage service, AWS S3; gaining widespread recognition and adoption as the storage supplier to popular services such as SmugMug, Dropbox, and Pinterest.
Following the introduction of AWS S3 came the invention of the Shopping Cart empowering E-commerce, Logistic, Delivery, Social Networking and more.
003 Peer to Peer networking gives way to decentralized ledger
Satoshi Nakomoto writes the Bitcoin white-paper. The next year (2009) the first bitcoin block was mined, birthing decentralized technology. Changing forever the world’s view of the meaning and value of fiat currencies while simultaneously marking the beginning of decentralized monetary systems.
004 Bitcoin to smart contracts
Ethereum births the first smart contract block that enables decentralized apps and trustless peer-to-peer transactions without 3rd Party certification; a new paradigm of entrepreneurship, micro communities and economies, tokens, and more.
Decentralized finance is born.
005 Evolution of sharding
Similarly to the impact of load balancing on the WWW in the early 2000s, sharding gains traction in blockchain communities seeking innovations in scaling and throughput solutions.
006 Evolution of two layer solution
Two-layer solutions are created to solve the inefficiencies and throughput challenges of Gen1 single layer solutions. Current two-layer solutions are limited by complexities surrounding security and multiple points of failure. Smart Contracts are cumbersome and unable to run in parallel.
Aspirations Layer 2 aspires to stabilize transaction costs and latency expectations for consumers and businesses, but still falls short of existing centralized solutions.
007 Prasaga Introduces the Smart Asset and the beginning of Web 3.0
Smart contracts are discovered to be the self limiting feature of scaling solutions. Prasaga introduces the first global operating system, enabling smart assets.
As opposed to other solutions touting global network claims, Prasaga moves the core root classes onto the blockchain allowing global naming and code inheritance.
If smart contracts remain as the bottleneck for scaling, why do we continue to use them?
Smart Contracts are serialized to the individual shard, they cannot be moved between shards on layer 1. All Smart contract platforms are only as fast as the throughput of the slowest shard. Smart assets solve this by moving state into accounts, eliminating smart contracts and allowing movement of accounts and all associated states from shard to shard. The bottleneck is now the internet bandwidth.
A seamless single layer solution emerges melding complex technology into an intuitive interface where the technology is only as relevant as what it enables you to do. Consumers can now control an account on that blockchain which is identified by a Global Unique ID. This means simply, your life and all your transactions & data is only accessible if the owner gives specific approval. Eliminating the need for intermediaries in any transactions between accounts.