hope reads this. When evaluating the Elastos World Computer OS, several factors come into play: (1) Frontend applications versus backend services: Generally, blockchains that execute smart contracts are categorized as consensus backend services. While most internet users are more interested in applications, only professional service providers primarily focus on the latter. (2) On-chain versus off-chain: Blockchain computingâs global state transition is constrained by the block generation cycle, such as the 3-second block generation cycle for the Elastos Smart Chain, and the block size, such as the 8 MB block size for the ELA main chain. Consequently, video streaming, gaming, and nearly all other daily internet activities on the Elastos World Computer are off-chain operations. (3) Consumers (buyers) versus producers (sellers): In any business transaction, there are typically three essential roles: buyers, sellers, and intermediaries. The invention of blockchain smart contracts has enabled the adoption of the blockchain as an automated intermediary, replacing large corporations and preventing them from meddling. However, since the majority of internet users are consumers rather than producersâsuch as video audiences rather than video creatorsâitâs natural to favor the consumers, for instance, watching high-quality movies for free. The Elastos World Computer aims to level the playing field for content creators, providing them with a business model to support themselves and create high-quality movies. (4) Centralization versus Decentralization: These are choices that everyone faces. For instance, managing 12 passphrases for Web3 accounts can be challenging for the average person. In such cases, they have the option to delegate these tasks to a proxy, which is a personal choice. In extreme scenarios, they may even choose not to have a Web3 account at all. On the other hand, creators like Joe face a different situation. They didnât have the option to own their creations on the Web2 platform. However, with the Elastos World Computer, they now have the flexibility to upload their videos to YouTube or set up a home PC2 to stream their work to the world. Itâs important to note that, except for a few low-bandwidth operations such as the DID identification, access token authentication, and decryption key exchanges between Creator Joe and his audiences, the majority of the encrypted streaming work is done through conventional internet technologies, such as BitTorrent or reputable service providers like Agora. (5) Promoters vs. creators: Anyone or any company can provide centralized services to promote decentralized content owned by individuals, much like Yahoo did with indexing services during the early days of the World Wide Web. The key difference between platforms like YouTube and a Web3 promoter is that the latter doesnât own the content and only provides public trailers and encrypted streaming, for which it doesnât control the decryption keys. In essence, content creators can choose multiple promoters or negotiate business terms to switch promoters when a contract expires.
