Understanding the capacity to store information, not depending on a single entity (decentralization of information) and understanding that programming resources nowadays provide the ability to encrypt and store them in multiple nodes, requiring more than one confirmation for their veracity, providing perpetuity and trust; the P2P concept takes on much validity and is more fair (it could be deeply rooted in microeconomic studies).
This concept refers to "Peer to Peer," meaning that information exchange takes place directly between two peers, without an intermediary.Let's give practical examples: Sharing valuable content through Youtube.To monetize on Youtube, the platform requires a certain number of followers on your channel, along with a certain number of viewing hours. All of this is then subject to the fee that Youtube, as an intermediary, puts on the value of your content. For me, this is unacceptable. Let's ask ourselves, why?.
- 1.Investigative and educational content is unrelated to capital; it moves with a different timing than what consumer demand dictates. In other words, high-quality content can take a long time to develop. A single video with valuable content may require a considerable amount of time to create. Youtube, as an intermediary and as an entity that places value on your content, requires that you have a certain frequency of uploading files to your channel to not lose the reach of your channel and to monetize.
- 2.The price that Youtube sets for content is insignificant compared to the actual value of the content's development, which is calculated by the time it took to develop it. For Youtube, this variable is not taken into account: the time spent developing the content.
- 3.Having a high demand for the frequency of uploading content to be considered for monetization is too much. It forces creators to upload videos almost weekly (or even multiple times a week), which affects the investigative process by an absurd frequency variable, resulting in low-quality content.
- 4.With such a high demand for the frequency of uploading content to reach monetization, the incentive for research is lost because the creator requires dedicating time that is taken away by the video production to some other discipline that is profitable to make a living. Content that could have been relevant to many people is now lost.
- 5.Taking into account the previous points, the investigational character to be monetized on Youtube becomes mediocre given the deplorable monetization conditions that Youtube imposes on content creators. It is simply an unfair deal.
This is where the P2P concept becomes relevant in structuring how knowledge is shared and creating spaces for research. Let's delve a little deeper:Ethereum is a blockchain, understanding a blockchain as a chain of computers in different parts of the world that act as validators (anyone can apply as a validator) of information where more than 1 confirmation is required to validate the process and verify that the information is registered or transferred.
Now, by requiring more than one confirmation to validate an information transaction, its veracity increases. Ethereum has a currency that moves through the blockchain, and encrypted contracts can also be moved. These are called "Smart Contracts." A "smart contract" is a contract registered on the Ethereum network (remember, to register it on the blockchain and give it veracity, the contract had to be validated by more than one validator).
Once registered on the blockchain, the contract is immutable (the metadata is immutable) and remains written in the chain of nodes perpetually.
A smart contract can have many functionalities. It is essential to read this information to have a clearer understanding.A contract is registered on the blockchain by the wallet address that made the transaction to register it. Then it can be transferred to another wallet, etc., like a regular contract. This is when we delve into the different types of "smart contracts" that Ethereum offers. I recommend researching thoroughly on the previous link.