Daily Crypto, Finance, and Tech News Summary – January 19, 2024

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Welcome, and thank you for being part of the MyZucoins community! Let’s get into an interesting piece of crypto, finance, or tech news to stay ahead.

Data portability, moving it between a few different places like moving apartments

Transforming The Web: WordPress’ “Data Liberation” Initiative Ushers In A New Era Of Online Freedom

The Data Liberation initiative, spearheaded by WordPress founder Matt Mullenweg in 2024, marks a significant shift towards an open and flexible web.

Its core mission is to streamline the process of moving digital content across different platforms.

The initiative envisions WordPress’ data export format as a universal standard for online content management systems (CMS), facilitating easy transitions for users, whether they’re joining WordPress or moving within its ecosystem.

WordPress, a linchpin in the world of website creation, boasts a staggering valuation reflecting its immense influence.

It’s a project spearheaded by its parent company Automattic (not a typo), and is valued at around $7.5 billion.

This valuation is underpinned by its expansive reach and the diverse range of services it offers, from hosting solutions to online store integrations.

Beyond Automattic’s impressive valuation, the collective value of websites powered by WordPress is monumental.

Considering that over approx. 40% of all websites globally use WordPress, and its economic impact is vast.

Estimates say there are 1 billion+ websites in the world.

Of these, ~200 million are actively updated.

Using these stats, it’d make WordPress present on ~80-400 million websites.

These websites span various industries, from small blogs to large e-commerce platforms, each contributing to the global online economy.

Its popularity stems from its user-friendly interface, customizable designs and its expansion capabilities.

The Data Liberation initiative builds on this foundation, aiming to make WordPress not just a platform for creating websites, but a hub for seamless digital data migrations.

This initiative addresses a recurring issue in the web communities—the complex effort required to migrate data across platforms or websites.

These processes currently involve creating software code scripts and custom workflows, requiring a higher amount of technical know-how and careful planning processes.

Mullenweg proposes a collaborative approach, as engaging with the community is key.

Open-source projects thrive on collaboration, feedback and contribution.

This focus on migration is expected to influence future WordPress developments, shaping both core functionalities and recommended plugins.

Understanding the impact of WordPress and the Data Liberation initiative is crucial.

WordPress’ dominance in the web space makes it a key player in shaping the internet’s future.

By prioritizing data portability, the initiative aims for unprecedented user freedom, positioning WordPress as not just a tool for website creation, but a catalyst for a more open, interconnected web. Read more here.

More On This Topic:

Your digital identity: A new world of rules and surveillance is on the horizon. Managing your own data: Zucoins’ decentralized approach.

There is shrinking freedom in modern transactions. Can emerging cryptos like Zucoins become a beacon of transactional liberty amid CBDCs?

Is crypto like the early internet? How is Splitchain solving industry challenges to help expand crypto uses?

Apple’s new iPhone iOS 17.3 security setting feature helps keep thieves out of phone data and accounts. How does this help secure your Zucoin crypto wallet?

China boosts decentralized app and NFT development, despite crypto trading ban. How can dApps built on Splitchain help give control back to users?

How Does Zucoin Encourage User And Data Freedom?

The WordPress Data Liberation initiative, championed by Matt Mullenweg in 2024, is an exciting project promoting a more open and flexible web.

This initiative aligns seamlessly with the technological advancements and principles embodied by Zucoin.

Unlike traditional blockchains, Zucoin operates on Splitchain.

This technology avoids many issues present in conventional blockchain systems.

For one, there isn’t a huge historical chain of data that needs to be synced across any new participant that joins the network.

This also makes moving data far less costly and much faster.

It has the effect of lowering the barrier to entry, which should help more people get involved, improving decentralization.

Let’s consider the Zucoin wallet app.

WordPress’ Data Liberation initiative and Zucoin’s self-managed wallet app offer a similar principle to data portability and management—a critical aspect of modern web usage.

Zucoin’s wallet app is fundamentally designed to empower users with control over their digital assets.

This wallet stores its data locally on the user’s device, rather than relying on centralized servers to hold all of this data.

This approach aligns perfectly with the core mission of WordPress’ initiative, which is to facilitate the easy transition and management of digital content across platforms.

By storing data locally, Zucoin’s wallet app provides users with improved control and safety over their digital assets, by allowing users to manage the bulk of their data themselves.

It’s a crucial feature in today’s increasingly tracked and centralized world.

Moreover, the self-managed nature of Zucoin’s wallet means that users are not dependent on third-party services for managing their digital assets.

As the Zucoin wallet app will eventually be open-sourced for anyone to modify and make their own version of the wallet app, this independence from centralized systems is a key principle of the Data Liberation initiative.

Just as WordPress envisions a web where users can easily move their content without being locked into a single platform, Zucoin’s wallet app and Splitchain ecosystem empower users to manage their digital assets without being locked into vendors.

This results in a more streamlined, efficient, and user-centric experience, mirroring the objectives of the Data Liberation initiative.

The local storage of data in Zucoin’s wallet also enhances security and reduces vulnerabilities associated with centralized data storage.

Also, the downloadable backup file produced by the Zucoin wallet app contains everything a person needs to easily restore or move their Zucoin wallet to a new device, or in the future, other Zucoin-compatible wallet apps.

In the context of WordPress’ initiative, this approach to data management can be seen as a benchmark for how digital platforms should empower users.

By ensuring that users have control and ownership of their data, both Zucoin and WordPress are setting a standard for what true digital freedom and autonomy should look like.

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All the best,

Disclaimer: Of course, this is not advice, financial or otherwise. It’s also important to consider the risks and challenges associated with any potential benefits.