For years, a web browser was only an application or a software suite that allowed you to access the world wide web. In other words, it served a simple function.
A user would request a web page from a particular website, one which the web browser would retrieve, render, and showcase to the end-user.
However, over the years, this evolved and web browsers started having a lot of improvements. We saw the rise of themes and extensions. With themes, you could change the look and feel of the browser, and personalize it to look in a specific way that you might want it to look like, and with extensions, you had the potential to add a lot more functionality to the browser.
You could filter out advertisements, block trackers, get password managers, save snippets of information quickly, and even take screenshots.
The History of Web Monetization
Through monetization, you are converting something you create into something that brings you value such as money. When web 2.0 came along, we saw the rise of websites and applications.
These websites and applications gave everyone the ability to create and share online information or materials they have created. This included wikis, blogs, social networks, podcasts, videos, and so on.
In other words, in order to get money out of a certain activity you did online, you would have to provide value to the end-user, and sell them a service or a product in the form of a text-based article or video. In order to get money out of it, you would also need to be eligible for advertisements, sign a contract, and rely on third-party services in order to get your revenue.
This is extremely time-consuming, and not everyone is creative or has the patience to truly go through all of this, and this is why this had to be at some point in time changed. Luckily, there is a new, more accessible way to monetize your online habits, and this includes something as simple as using a search engine to look something up.
Creating Your Own Value Through the Netbox.Browser
Netbox is the first decentralized blockchain-backed web browser which allows for a high level of freedom and independence when it comes to searching the web, however, things get a lot more interesting when you dive deeper into it.
Let’s start from its most basic form. The Netbox.Browser is an application you can easily download and install on any PC or mobile device. It has a main function that all of us associate with browsers, and that is to allow you to access just about any web resource you require at a given point in time.
However, this specific browser is unique in the way in which it maintains the function of the Netbox.Chain blockchain network.
Before we carry on, let’s take a little deep-dive into the Netbox.Chain.
Netbox.Chain is a distributed transaction ledger where the transactions are written in sequential order into data structures.
These data structures are blocks, where each block points to the previous block and as such, the network’s state can be known at all times. Each block is then verified through Proof-of-Stake (PoS), where each user has the opportunity to put out a specific amount of NBX coins in order to participate. When they do, they get rewarded.
So now you might be asking yourself, why does all of this matter?
How The Monetization Actually Works
Well, The Netbox.Browser is a browser that does not have any centralized infrastructure, and this allows all of the personal data to belong only to the user, not some corporation.
The development decisions of the browser going forward are also in the hands of the community. How? Through the usage of the aforementioned rewards in the form of the NBX.
This makes its infrastructure transparent, distributed and sorted without using any central servers. Here’s how it works: each browser gets an individual address in the blockchain network which can be used to store Netbox.Coins. The more it grows, the quicker and more reliable the transactions become.
Every single one of these browsers is connected in the network, where each one serves the role of a node and confirm as well as stores the truth of each block.
To confirm these truths, the PoS mechanism is used, and every web browser can verify the blocks which ensures their truth with a certain amount of Netbox.Coins.
Here’s where the rewards comes, you see, if the node verifies a true block, the node receives a reward which is proportional to the amount of currency issued as a guarantee.
To encourage users, the Netbox.Chain network charges them fees in the Netbox.Coin currency.
These fees are proportional to the time of the browsers being online as well as the user activity.
Rewards that are gained with each new block are then distributed across the participants of the network. What this means is that Netbox.Browser rewards users for the time spent while browsing, and the more active you are while using the browser, the more you get rewarded, due to the fact that each browser carries an integrated wallet which makes the blockchain transactions accessible and clear to everyone.
Get Bonuses From Simple Actions
To summarize, you can get a bonus when installing the Netbox.Browser, you can get rewarded by creating a Netbox.Wallet, and just performing in-browser activities such as searching for other websites or services online. You get rewards on a daily basis by simply using the browser in the form of NBX.
Furthermore, there is also a referral program that rewards you even further.
This is the next evolution of the web browser, where the time you spend online, studying, researching, or just having fun surfing the web, is monetized.
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