Penguin Launches Decentralized Data Network for Web3.0

/ EIN News / – NEW YORK, Dec.31, 2021 (GLOBE NEWSWIRE) – Recently, Team Penguin announced the launch of its decentralized data network for Web3.0. With the advancement of blockchain technology, new innovative players are entering the market. Some bring the world offline to a global audience, while others are transforming the way we invest in our future. Decentralized applications, DeFi, NFT, and Metaverse, hold immense potential for future growth and real uses. But what the current crypto arena lacks is an independent, one-stop-shop web service that includes a high-performance smart contract blockchain as well as a decentralized storage solution. The Penguin Network brings a universal decentralized data network specifically designed for Web 3.0.

Penguin – The decentralized storage platform

Designed exclusively for Web 3.0, Penguin is a peer-to-peer node network, which jointly provides decentralized storage and communication service. By offering a universal decentralized data network for Web3.0, the platform can fulfill multiple roles for different areas of the blockchain space. Additionally, Penguin aims to work with the blockchain industry to create decentralized applications (DApps), products and services that can be accessed seamlessly in Web 3.0.

A unique feature of the platform is that it offers automatic scaling; that is, an increase in the demand for storage space would be managed efficiently. This will ultimately lead to lower costs for the blockchain arena. Penguin also facilitates efficient data storage capabilities and fast data retrieval. The network is economically automated with a native protocol token, PEN, thanks to its integrated incentive system based on smart contracts.

Therefore, the platform’s purported goal is to expand the blockchain using decentralized storage and communication to position itself as a global computer that can effectively serve as an operating system and deployment environment for dApps. .

Web 3.0 – The decentralized Internet of the future

Web 3.0 isn’t just a buzzword that the tech, crypto, and venture capital classes have taken a recent interest in. It aims to deliver a future where distributed users and machines can seamlessly interact with data, value, and other counterparts through peer-to-peer networks, eliminating the need for third parties. It is mainly based on three new layers of technological innovation. These are advanced computing, decentralized data networks and artificial intelligence. Web 3.0, built on the blockchain, eliminates all major intermediaries, including governing bodies or centralized repositories.

In addition, the most significant development made possible by Web 3.0 is the minimization of the trust required for coordination on a global scale. It fundamentally expands the scale and scope of human-machine interactions to a whole new level. These interactions range from easy payments to richer information flows and reliable data transfers, all without going through a paying intermediary.

Web 3.0 enhances the current internet service with important features such as untrustworthy, verifiable, unauthorized, autonomous, etc. This is why a decentralized and unauthorized blockchain like Penguin plays a central role in the development of what is called “the decentralized internet of the future.” “Decentralized data networks like Penguin allow data generators to store or sell their data without losing control of ownership, compromising privacy, or depending on middlemen or middlemen.

Blockchain technology and Web 3.0

Blockchain technology and cryptocurrencies have always been an integral part of Web3.0. It offers financial incentives to anyone who wants to create, lead, contribute or improve projects. Today, the internet needs Web 3.0, a new generation of internet protocol that facilitates freedom of identity, contracts and free assets. Blockchain technology with its advanced network fundamentals offers an almost perfect solution with integrated smart contracts for self-deployment and access, decentralized addresses as accounts, etc. Penguin, the Decentralized Data Network, provides a decentralized private data storage solution available to all Web3.0 Developers.

How Penguin Benefits Web 3.0 Development

Today, we live in a data-driven world, where companies often collect massive amounts of user data and use that data with the intention of creating value. Data privacy has become a major concern in recent years. However, the internet ecosystem has fundamentally changed several concerns such as privacy and data storage. It’s called Web 3.0, and it guarantees it by deploying blockchain.

Penguin mainly focuses on storing data without any downtime. It also features permanent versionable content storage, error-free operation, and resistance to intermittent node disconnection.

With its exceptional privacy attributes such as anonymous browsing, denied storage, not found email, and file representation formats that do not leak any metadata, Penguin responds to the growing demand for web security. Penguin also offers continuous service and resiliency against outages or targeted attacks. The platform makes it easy to build many products, where all products are built on APIs and SDKs provided by Penguin.

Penguin – An infrastructure for a self-sovereign society

Penguin is more than just a network; the protocol establishes a solid foundation for the creation of a market economy around data storage and retrieval. The platform has also entered into a multitude of prospective and strategic partnerships and collaborations with various projects and protocols in DeFi, GameFi, NFT, smart contract and other metaverse spaces. Additionally, as an unauthorized publishing platform, the Penguin Network promotes freedom of information. The platform design requirements can only be met by the native token of the PEN network.

Some of the important features offered by Web 3.0 are a zero central point of control by removing middlemen, complete data ownership, sharing information without authorization, reducing hacks and data breaches with decentralized data and l ‘interoperability.

On the other hand, Penguin aims to build an infrastructure for a self-sovereign corporation. Without authorization or privacy, Penguin effectively addresses the needs of free speech, data sovereignty, an open network marketplace, and ensures its security through integrity protection, censorship resistance, and attack resilience.

Some of its vital meta-values ​​are inclusiveness, the need to include the disadvantaged in the data economy, lowering the barrier of entry to explain complex data flows, and building decentralized applications.

The integrity of the online personality is necessary. Since Penguin is an open participating network and provides services and unauthorized access to the publication, sharing and investment of your data, users are free to express their intention and have full authority to decide. if they wish to remain anonymous or share interactions.

Incentives or economic incentives ensure that the behavior of the participants aligns with the emerging behavior desired by the network. Finally, impartiality guarantees content neutrality and prevents gate-keeping. It successfully excludes other values ​​that treat a particular group as a privileged or express preference for specific content or even data from a specific source. These meta-values ​​make Penguin an efficient decentralized and unauthorized data network for Web 3.0.

Penguin’s Future-proof Design Principles – Meeting the Needs of Web 3.0

The information society and the data economy have ushered in an era where online transactions and big data are essential to everyday life. Therefore, having advanced and scalable support technology like Penguin is essential. The network offers a strong guarantee of continuity. The Penguin network provides continuity by following certain general requirements or system attributes. Some of them are stable and resilient specification and software implementation. Scalable enough to accommodate many orders of magnitude, more users and data without reducing performance or reliability for mass adoption, a secure solution and resilient to deliberate attacks, Penguin is a standalone standalone solution that is independent of coordination human or organizational or any other activity of the legal person.

One last word

Blockchain technology has thus opened an exciting new direction for Web 3.0 applications. It makes full use of the various technologies and protocols of the underlying blockchain, delivering innovative change for today’s World Wide Web. Penguin brings new ideas to promote the transformation and development of the Internet age. One of the important visions of Web 3.0 is to provide seamless access to decentralized products and services in the future. Penguin aims to work with the entire industry to achieve this through its advanced blockchain technology.

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