|NIM’s Web3 seems to be the answer to everything that is wrong with today’s Internet, is that true?|
And I realized that an essential piece of information was missing.
The capacity of a blockchain to absorb global traffic!
How can Web3 be effective when first-generation blockchains are already struggling under the load from less than one million addresses?
How can NIM guarantee that royalties transactions are done as we promised with more money, faster…
The answer is NIM’s organizational DAO and subDAO ecosystem – based on NIM’s infrastructure, the subNets.
|NIM’s approach to Web3. A blockchain is a peer-to-peer network that does not require a centralized entity to work and build around transactions and uses consensus algorithms. We differentiate between two types of blockchain – permissionless and permissioned.|
One of the foremost advantages of a permissionless network is the high level of transparency. Because it is highly decentralized and spans an extensive network, transparency facilitates fast reconciliation between unknown parties. They have no central authority, and anyone can use them.
On the other hand, private blockchains like allnim.net (CopyrightChain) are permissioned networks. A permissioned blockchain is deeply connected to security. NIM has a defined access control layer, and access is not anonymous.
However, NIM regards allnim.net as a decentralized service with controlled access – it’s a hybrid network fitted to charter for NIM’s special content-related services.
And herein lies the answer.
NIMs infrastructure uses allnim.net (CopyrightChain) subnetwork that is custom, application-specific blockchains in the NIM ecosystem. Subnets are connected to the core Avalanche blockchain (and Ethereum via bridges).
This configuration inherits security and speed, all while isolating application activity. No single application can cause problems across the entire network (and NIM keeps costs (gas fee) low) at the same time favors creative content owners/holders in line with Proof of Content services.
NIM is keeping up with the fast-moving world of Web3 due to the scalability and modularity of our infrastructure.