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Blockchain Protocol _a Network Works to Enable Smooth Transition From Web2 to Web3
The management team of Gear Protocol – a smart contract engine that empowers a Network – answered several questions regarding the latter’s merits.
They described the entity as “a gateway to a world where developers experience familiar concepts from Web2 when developing Web3 applications” and one that could improve the operations of financial applications.
a’s Advantages
According to a document seen by CryptoPotato, one of a Network’s goals is to simplify the transition from Web2 (which relies on centralized infrastructure) to Web3 (which is decentralized and based on blockchain technology).
By leveraging crypto’s backbone – blockchain technology, a Network could provide transparent in-game transactions and ensure ownership of in-game assets. The management team outlined that developers can build the games directly on the blockchain and thus eliminate “the reliance on traditional backend servers, transforming the gaming experience.”
a’s Role in Financial Apps
Subsequently, the team argued that a Network’s usage in financial applications could lead to faster transactions and improved experience for consumers:
The protocol has recently completed its Testnet phase, which pinpoints its main technical advantages, including robust operations and scalability, smart contracts powered by Substrate’s framework, gas reservation mechanism, delayed message functionality, and empowering developers to construct the decentralized Internet.