When we talk about Web3, “decentralization” is always a key word that cannot be avoided. However, in the social field, how to truly achieve “decentralization” and how to make everyone a consensus participant and beneficiary has always been a huge challenge. INTO, the globally renowned Web3 social protocol, is providing a refreshing answer with its unique consensus mechanism. In the world of INTO, consensus is no longer a privilege of a few, but a right of everyone; governance is no longer top-down control, but bottom-up autonomy. INTO is using the concepts of openness, compatibility, and co-governance to reconstruct the landscape of Web3 social consensus, becoming a “new species” in this field.
I. Consensus mechanism is the core proposition of Web3 social
To understand the importance of the consensus mechanism, we need to go back to the essence of Web3. Essentially, Web3 is a reconstruction of social relationships and a transformation of value capture methods. It seeks to break the monopoly of centralized platforms on data and value, allowing every participant to equally create and share value. To achieve this goal, the consensus mechanism is undoubtedly the most crucial link.
Firstly, from a technical perspective, the consensus mechanism is the infrastructure of Web3. Core technologies of Web3 such as blockchain, smart contracts, and token economy are built on top of the consensus mechanism. It is because of the consensus mechanism that nodes in decentralized networks can reach consensus on the validity of transactions, thereby achieving trusted records of data and secure transfer of value. It can be said that without the consensus mechanism, the security and reliability of the Web3 technology stack would not exist.
Secondly, from a governance perspective, the consensus mechanism is the operating rule of Web3. In a decentralized Web3 network, there is no centralized authority to establish rules and make decisions. Instead, everything needs to be achieved through consensus among nodes in the network. This requires Web3 projects to design a fair, transparent, and efficient consensus mechanism that allows every participant to participate in governance and reach consensus. It can be said that the consensus mechanism determines the decision-making efficiency and execution power of a Web3 project.
Lastly, from an economic perspective, the consensus mechanism is the source of incentives in Web3. One of the key characteristics of Web3 is token economy, which uses tokens to incentivize contributions and collaboration of participants. The issuance, distribution, circulation, and other economic rules of tokens all need to be designed and implemented through the consensus mechanism. A well-designed consensus mechanism can align individual interests with collective interests, stimulate the intrinsic motivation of each participant, and promote a virtuous cycle in the ecosystem. On the other hand, a poorly designed consensus mechanism may lead to the “tragedy of the commons” and cause the collapse of the ecosystem.
Especially in the social field, the consensus mechanism is crucial. This is because the value of social networks fundamentally comes from user creation and interaction. The prosperity of a social platform largely depends on its ability to mobilize users’ enthusiasm and stimulate their creativity. However, traditional centralized social platforms often struggle to provide users with sufficient incentives and voice due to their monopoly on data and rules, leading to a lack of innovation and declining community vitality.
Therefore, to build a truly decentralized and sustainable Web3 social platform, it is necessary to fundamentally reconstruct the consensus mechanism of social networks. Let every participant be part of the consensus and let every contribution receive reasonable incentives and rewards. Only in this way can the energy of every node in the social network be activated, unleash the potential of collective intelligence, and promote the continuous evolution of the social ecosystem. This is why the consensus mechanism has become the core proposition of Web3 social and the key issue that every project must face and solve.
II. INTO’s “open, compatible, co-governance” new consensus
INTO, as a social platform that deeply understands the spirit of Web3, is at the forefront of exploring the consensus mechanism. INTO’s consensus mechanism can be summarized in six words: “open, compatible, co-governance”. These six words reflect INTO’s new understanding and practice of Web3 social consensus.
Firstly, “open” is the first key word of INTO’s consensus mechanism. INTO understands that the future of Web3 is an open ecosystem, not a closed fortress. Therefore, from the beginning, INTO has adopted an open architecture design and interface specifications, allowing anyone to develop and innovate based on INTO. At the same time, INTO actively embraces the open-source community and collaborates with various Web3 projects to jointly build the Web3 ecosystem. This open posture not only greatly reduces the barriers to participation but also injects a continuous stream of innovative vitality into INTO.
Secondly, “compatible” is the second key word of INTO’s consensus mechanism. INTO recognizes that the future of Web3 social should not be isolated platforms, but a network that is interconnected and value-compatible. Therefore, INTO attaches great importance to compatibility with other Web3 social projects, achieving seamless circulation of identity, content, and tokens across different platforms through cross-chain technology and relay protocols. At the same time, INTO provides a comprehensive set of SDKs and APIs for third-party developers, making it easy for them to integrate and expand the INTO ecosystem. This compatibility makes INTO an important bridge connecting the Web3 social world.
Lastly, “co-governance” is the third key word of INTO’s consensus mechanism, and it is its most core feature. INTO is actively building a sophisticated DAO governance mechanism, making every TOX holder a co-governor of the platform. In INTO’s DAO, anyone can initiate proposals and vote on major issues such as the platform’s development direction, rule changes, and resource allocation. However, this voting is not a simple one-person-one-vote system but is linked to the amount and lock-up time of TOX held. In other words, the more you contribute to the platform, the greater your voice in governance. This “rights and responsibilities equivalence” design not only incentivizes long-term user participation and value creation but also ensures the fairness and effectiveness of the governance process.
Through these three dimensions of innovative practices, INTO is reshaping the consensus mechanism of Web3 social. This paradigm of openness, compatibility, and co-governance not only provides strong motivation for the development of INTO itself but also points the direction for the exploration of the entire industry. It signifies that only by fully stimulating the autonomy and creative potential of each participant can true decentralization of social networks be achieved. Only by expanding the boundaries and radius of consensus can an interconnected Web3 social ecosystem be constructed.
III. INTO’s multidimensional practices in technology, economy, and governance
The reason why INTO’s consensus mechanism is so striking is not only because of the advanced nature of its philosophy but also because of the comprehensiveness of its practice. How did INTO implement the ideas of openness, compatibility, and co-governance? Behind this are systematic practices in three dimensions: technology, economy, and governance.
At the technical level, INTO has built a underlying infrastructure based on blockchain and smart contracts. By using the PoS consensus algorithm, INTO ensures network security and scalability while significantly reducing entry barriers and energy costs. At the same time, INTO innovatively designed a privacy protection protocol based on zero-knowledge proofs, which maximizes user privacy while ensuring the trustworthiness and verifiability of data. These technological innovations provide a solid infrastructure guarantee for INTO’s consensus mechanism.
At the economic level, INTO combines consensus participation with economic benefits through a carefully designed token economy model. TOX, as the native token of the INTO ecosystem, serves as a medium of value transfer as well as proof of rights and participation in governance. INTO encourages users to hold and use TOX through a series of incentive measures such as earning through social interactions and community governance. The value of TOX also increases with the continuous development of the INTO ecosystem. This positive cycle effectively stimulates the intrinsic motivation of each participant to contribute and share value.
At the governance level, INTO is building a multi-layered and three-dimensional DAO governance structure. At the code level, INTO hard-codes key governance rules and parameters into smart contracts to ensure transparency and tamper resistance. At the organizational level, INTO has designed a governance committee composed of TOX holders, developers, node operators, and other stakeholders, responsible for daily community management and decision execution. At the ecosystem level, INTO has established a governance alliance with other Web3 social projects through cross-chain governance protocols, reaching consensus and achieving collaboration on a larger scale. This multidimensional governance practice gives INTO’s consensus mechanism strong adaptability and vitality.
INTO’s consensus mechanism practice opens a window to the future of Web3 social. Through this window, we see a brand new social world: here, everyone is an equal node, with the opportunity to participate in consensus and create value; here, different communities can be seamlessly connected, with value flowing between them, building a symbiotic ecosystem; here, community autonomy is no longer a utopia but a reality in which everyone participates. Such a world is what Web3 aspires to and pursues.
