SaaS News Hubb
Advertisement
  • Home
  • News
  • Software Engineering
  • Software Development
  • SAAS Applications
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Software Engineering
  • Software Development
  • SAAS Applications
  • Contact Us
No Result
View All Result
SaaS News Hubb
Home News

The Critical Question Facing Web3 Infrastructure Startups by @ttunguz

by admin
April 29, 2022
in News
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter



When I hosted this blog on Amazon Web Services, I used 5 products. I paid for them each in US dollars every month. One invoice.

Suppose I wanted to rebuild my site on web3 using fully decentralized components. I would pay each product provider in their own token: one for storage, compute, caching/CDN, email subscription management, etc. Tokens reward the validators and the stakers powering the decentralized networks.

Paying five decentralized providers in five different tokens means managing several wallets and monitoring token prices to hedge expenses. That’s much more work than the automatic credit card payment with AWS. It’s too much complexity for a simple static blog.

Developers building sophisticated applications employ 10, 20, maybe 30 services. Can you imagine a site reliability engineer managing 15 to 20 tokens, coordinating with finance teams to ensure proper treasury management, while ensuring high uptime?

It’s hard to imagine such a scenario playing out. Instead, three possibilities are more likely.

First, the ecosystem decides that infrastructure payments should occur in stablecoins – like USDC or UST. This absolves customers from most of the challenges of managing various tokens.

Second, the fastest growing web3 infrastructure players parlay their tokens as an ecosystem reserve currency, a petrodollar for gigabytes. Developers pay for low-latency storage with the same protocol token as they would pay for compute. Perhaps this dynamic drives consolidation in the market, paralleling the web2 infrastructure hypermarts of AWS, GCP, and Azure.

Third, software engineers decentralize only a subset of the app. Migrate the database (blockchain) and the file system to ensure on-chain asset ownership survives the company. The remaining part of the stack remains on web2.

How this quandary resolves will determine the most attractive places to build new infrastructure startups.



Source link

Previous Post

Agility starts with trust – Stack Overflow Blog

Next Post

Clerk bags new capital to improve in-store grocery shopping experience – TechCrunch

Related Posts

News

Six Best Customer Engagement Platform Tools for Onboarding in 2022

May 13, 2022
News

This Key Thing Will Make Your Company’s Data Safer and Get You More Customers

May 13, 2022
News

Nexi, the Italian payments giant, buys Germany’s Orderbird for $140-150M to expand its SMB strategy – TechCrunch

May 13, 2022
News

AcuityMD raises salespeople’s pulses, and a Series A to sell more medical hardware – TechCrunch

May 12, 2022
News

Five Mid-Year Predictions for Web3

May 12, 2022
News

Identitypass, an identity verification API for Africa, raises $2.8M seed funding – TechCrunch

May 11, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Most Popular

Software Engineering

Snyk Engineering with Guy Podjarny

May 15, 2022
Software Development

What “The Great British Baking Show” teaches us about teamwork in software development

May 15, 2022
SAAS Applications

Forum Post: Auditing feature

May 15, 2022
Software Engineering

Software is adopted, not sold (Ep. 441)

May 14, 2022
Software Engineering

Data Delivery with Naqeeb Memon

May 14, 2022
Software Development

Ping vs Traceroute: How to Troubleshoot Your Connections

May 14, 2022
Software Development

10 Free Portfolio & Lookbook Templates for Adobe InDesign

May 14, 2022
SAAS Applications

CRM reporting Extension – SSRS instance is blank

May 14, 2022
SAAS Applications

Greenshades Selects Branch as Exclusive Banking and Card Solution

May 14, 2022

© 2022 Sass News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy

Navigate Site

  • Home
  • News
  • Software Engineering
  • Software Development
  • SAAS Applications
  • Contact Us

Newsletter Sign Up

No Result
View All Result
  • Home
  • News
  • Software Engineering
  • Software Development
  • SAAS Applications
  • Contact Us