WeSendit

Welcome to article #003 of our WEB FREE series in which we discover the nature of Web3 — the internet of the future. In today’s article, we take a closer look at the security benefits of Web3 data transfer and storage. You will see why it makes perfect sense for WeSendit to transition to Web3 and why your decision to support the project at an early stage is likely to prove a golden one. Let’s go!“We need more space!” The market for data transfer and storage is already huge, but it is projected to grow even stronger in the years to come. With the transition to Web3, the demand for reliable, easy-to-use and secure data transfer and storage solutions will also grow further. Massive opportunities await. The following graph indicates the potential, and those are just the figures for North America alone!:<img src="https://miro.medium.com/v2/resize:fit:779/0*x45bBl9wQpT8j_Yh" />Source: fortunebusinessinsights.comBut what exactly makes Web3 data transfer and storage more secure than traditional methods? Here are 11 very attractive security benefits:#1: DECENTRALIZATION: First, we have to mention the decentralized nature of the system. In Web3, your data is stored and transferred on a decentralized network of nodes, making it way harder for attackers to access or manipulate your data since they would need to compromise multiple nodes. With WeSendit 3.0 you will be able to create your own nodes and fully adapt your data transfer and storage to your needs.#2: NO SINGLE POINT OF FAILURE: The blockchain is not controlled by single entities and does not rely on a single point of failure. This means that your files are not stored in a single central location, making it more difficult for hackers to access or steal your data. With WeSendit 3.0, you will benefit from this great feature, too. Geo-redundant storage has many benefits: Your data is always available, disaster recovery becomes a piece of cake, and you enjoy better performance and reduced latency. Geo-redundancy also allows for easy scaling based on your individual needs.#3: RESILIENCE TO ATTACKS: Since your data is stored across multiple nodes in the network, distributed storage systems are more resilient to attacks than the traditional centralized systems. Even if one or more nodes are compromised, the rest of the network can still function and provide access to your data.#4: SMART CONTRACTS: Smart contracts on Web3 platforms such as WeSendit 3.0 can help automate the process of file transfer and storage. This reduces human intervention and minimizes the risk of human error or malicious intent. The combination of immutability, transparency, decentralization, trustlessness, and consensus make smart contracts a very secure way to execute transactions and agreements on the blockchain — including file transfer and storage.#5: ENCRYPTION: Encryption ensures that only authorized parties can access your data. WeSendit 3.0 and its partners use sophisticated encryption to secure your files during transfer and storage. Even if someone does gain access to your data, they won’t be able to read or use it without the encryption key. Very popular encryption methods include AES, RSA, ECC and homomorphic encryption. While these methods have different strengths, they are all suitable for Web3 applications and platforms.<img src="https://miro.medium.com/v2/resize:fit:875/1*iXeJLLQ4-gINonkLzjU2xA.png" />#6: TRANSPARENCY: Web3 generally provides greater transparency when it comes to storage and data access. Since transactions are transparent, all parties can see and verify their correct execution. This level of transparency serves as an additional security layer — and is yet another reason for WeSendit 3.0.#7: DIGITAL SIGNATURES: Digital signatures are used to verify the authenticity of your data and ensure that nobody tried to manipulate it during transfer or storage. Web3 platforms like WeSendit 3.0 use digital signatures to ensure that files are transferred and stored securely without any outside tampering.#8: PRIVACY PROTECTION: Web3 file transfer and storage with WeSendit 3.0 prioritizes the protection of your privacy and anonymity. State-of-the-art encryption methods and the nature of decentralized networks ensure that no central entity controls your data — only YOU alone!#9: ZERO-PROOF ALGORITHMS: These algorithms are a central concept of Web3 security. They verify the authenticity of your data without revealing any sensitive information about yourself. With zero-knowledge encryption, your data is secured with unique user keys.Not even the WeSendit admins and developers know these keys, nor can they access them. Nobody except you can access your encrypted files. Zero-proof algorithms make data “private and usable at the same time”. This means you can verify your trustworthiness without having to expose any info about yourself.#10: ACCESS CONTROL: Access control mechanisms guarantee that only authorized parties can access your data. Popular access control mechanisms include role-based access control (RBAC), attribute-based access control (ABAC), multi-factor authentication (MFA) and blockchain based access control via Smart Contracts. These methods make sure that your data is accessible only to those you granted permission to.#11: OWN AND CONTROL YOUR DATA: As mentioned before, the ownership of your data is a central concept of Web3. Decentralized file transfer and storage solutions such as WeSendit 3.0 ensure that your data is always transferred and stored securely. You maintain complete ownership and control over your data at any point.CONCLUSION:It’s a team effort: 11 reasons for Web3 file transfer and storage — just like 11 players on a football team. If they all work together and combine their strengths — great success is very likely. At WeSendit, we work hard to incorporate all of Web3’s security benefits into our new platform. With the support and trust of our community, Wesendit will become one of the key players in the world’s transition towards the data transfer and storage of the future. The market is growing and the paradigm shift towards decentralization is imminent. Once the apparent benefits of Web3 file transfer and storage become aware to the mainstream, WeSendit will be there, ready to become the Web3 entrance point for millions and millions of users across the planet.Let’s transfer it more easily.Let’s store it safer.Let’s put YOU in control of your data.Let’s send it better. With WeSendit.— -Discover more about WeSendit on<a href="https://twitter.com/WeSendit" rel="noopener noreferrer nofollow">Twitter</a> <a href="https://www.instagram.com/wesendit.io/" rel="noopener noreferrer nofollow">Instagram</a> <a href="https://www.youtube.com/channel/UCtzAZUlSqfoKiFuOWE521Ug" rel="noopener noreferrer nofollow">Youtube</a> <a href="https://www.linkedin.com/company/wesendit/" rel="noopener noreferrer nofollow">Linkedin</a> <a href="https://t.me/wesenditcom" rel="noopener noreferrer nofollow">Telegram</a> <a href="https://medium.com/&#64;WeSendit" rel="noopener noreferrer nofollow">Medium</a>Website: <a href="https://wesendit.io/" rel="noopener noreferrer nofollow">wesendit.io</a>SOURCE: WeSendit Marketing &amp; PR departmentDISCLAIMER: This article does not contain any financial advice. Its only purpose is to present information about WeSendit and the technologies related to it. The local terms and regulations of your home country regarding investments in crypto currency apply. Please make sure to visit <a href="https://wesendit.io/legal-notice/" rel="noopener noreferrer nofollow">https://wesendit.io/legal-notice/</a> for further information.

Safe and Sound: The Security Benefits of Web3 File Transfer and Storage

Jhwesendit

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