What is it about?
This book chapter explores the metaverse and how decentralized systems are critical to its development. It explains how decentralization has already transformed the internet, moving it away from centralized control and towards a more open, secure, and democratic system. The authors argue that this shift is essential for the metaverse to reach its full potential, enabling the creation of immersive virtual worlds that are not controlled by any single entity. The paper discusses several key aspects of decentralization, including blockchain technology, cryptocurrencies, and decentralized autonomous organizations (DAOs), highlighting how these innovations can empower users and foster innovation in the metaverse.
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Why is it important?
This chapter provides a clear and concise overview of how decentralization is shaping the future of the internet and the metaverse. It highlights the potential benefits of a decentralized metaverse, such as increased security, transparency, and user autonomy. This information is crucial for anyone who wants to understand the evolving digital landscape and the potential implications of the metaverse.
Perspectives
The book chapter delves into the technical aspects of decentralized systems, including network topologies, blockchain consensus protocols, and smart contracts. We also address the economic and social implications of decentralized networks, highlighting the potential for increased economic freedom and reduced reliance on intermediaries. We also offer insights into the technical challenges and security considerations surrounding the metaverse. We emphasize the importance of data security and privacy in the metaverse. We argue that traditional centralized identity management systems might not be sufficient and propose exploring decentralized identity solutions, like Self-Sovereign Identity (SSI), as a more secure alternative.
Dr. Enis Karaarslan
Mugla Sitki Kocman Universitesi
Read the Original
This page is a summary of: Metaverse and Decentralization, January 2023, Springer Science + Business Media,
DOI: 10.1007/978-981-99-4641-9_3.
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