When discussing Web3, “decentralization” is always a crucial keyword. However, in the social sphere, how to truly achieve “decentralization,” how to make everyone a consensus participant and beneficiary, has always been a huge challenge. INTO, a globally renowned Web3 social protocol, is providing a fresh 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 reconstructing the landscape of Web3 social consensus with the principles of openness, compatibility, and co-governance, becoming a “new species” in this field.
I. The 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, a transformation of value capture methods. It aims 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 foundation of Web3. Blockchain, smart contracts, token economics, and other core Web3 technologies are all built on top of the consensus mechanism. It is the consensus mechanism that enables nodes in decentralized networks to reach agreement on the validity of transactions, thereby achieving trustworthy records of data and secure value transfer. It can be said that without the consensus mechanism, there would be no security and reliability in the Web3 technology stack.
Secondly, from a governance perspective, the consensus mechanism is the operating rule of Web3. In decentralized Web3 networks, there is no centralized authority to set rules and make decisions. Instead, everything needs to be agreed upon by the nodes in the network. This requires Web3 projects to design a fair, transparent, and efficient consensus mechanism, allowing every participant to engage in governance and reach consensus. It can be said that the consensus mechanism determines the decision-making efficiency and execution of a Web3 project.
Lastly, from an economic perspective, the consensus mechanism is the source of incentives in Web3. One of the key features of Web3 is token economics, which incentivizes participants’ contributions and collaboration through tokens. The issuance, distribution, and circulation of tokens, among other economic rules, 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 drive a virtuous cycle in the ecosystem. Conversely, a poorly designed consensus mechanism may trigger a “tragedy of the commons” and lead to the collapse of the ecosystem.
Especially in the social sphere, 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. Traditional centralized social platforms, due to their monopoly on data and rules, often struggle to provide users with sufficient incentives and voice, leading to a lack of innovation and a gradual decline in 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 by doing so can we activate the energy of every node in the social network, unleash the potential of collective wisdom, and drive the continuous evolution of the social ecosystem. This is why the consensus mechanism has become the core proposition of Web3 social, a key issue that every project must face and solve.
II. INTO’s New Consensus of “Openness, Compatibility, and Co-Governance”
INTO, as a social platform deeply rooted in the spirit of Web3, is at the forefront of exploring the consensus mechanism. INTO’s consensus mechanism can be summarized in six words: “openness, compatibility, and co-governance.” These six words reflect INTO’s fresh understanding and practice of Web3 social consensus.
Firstly, openness 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 outset, 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 approach not only significantly reduces the barriers to entry but also injects INTO with a continuous stream of innovative vitality.
Secondly, compatibility is the second key word of INTO’s consensus mechanism. INTO realizes that the future of Web3 social should not be a collection of isolated platforms but a network of interconnected and value-interoperable platforms. 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. Additionally, INTO provides a comprehensive SDK and API for third-party developers, making it easy for them to integrate into 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 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 propose, vote on major issues such as platform development direction, rule changes, and resource allocation. This voting is not a simple one-person, one-vote system but is linked to the amount of TOX held and locked up. In other words, the more you contribute to the platform, the greater your say in governance. This “rights and responsibilities equivalence” design incentivizes long-term user participation and value creation, ensuring the fairness and effectiveness of the governance process.
Through innovative practices in these three dimensions, INTO is reshaping the consensus mechanism of Web3 social. This paradigm of openness, compatibility, and co-governance not only provides strong momentum for INTO’s own development but also points the way for the entire industry’s exploration. It indicates 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 reach of consensus can an interconnected Web3 social ecosystem be built.
III. INTO’s Multidimensional Practices in Technology, Economy, and Governance
The reason why INTO’s consensus mechanism is so eye-catching lies not only in the advanced nature of its concepts but also in the comprehensiveness of its practice. How does INTO translate the concepts of openness, compatibility, and co-governance into reality? Behind this are systematic practices in three dimensions: technology, economy, and governance.
On the technological front, INTO has built a foundational infrastructure based on blockchain and smart contracts. By using a PoS consensus algorithm, INTO ensures network security and scalability while significantly reducing entry barriers and energy costs. Additionally, INTO innovatively designed a privacy protection protocol based on zero-knowledge proofs, ensuring data trustworthiness and verifiability while maximizing user privacy protection. These technological innovations provide a solid infrastructure guarantee for INTO’s consensus mechanism.
On the economic front, INTO cleverly combines consensus participation with economic interests through a carefully designed token economic model. TOX, as the native token of the INTO ecosystem, serves not only as a medium for value transfer but also as proof of ownership and participation in governance. INTO incentivizes users to hold and use TOX through measures such as earning through social activities and community governance. The value of TOX rises with the continuous development of the INTO ecosystem. This positive cycle effectively stimulates the intrinsic motivation of each participant to contribute value and share value.
On the governance front, INTO is building a multi-layered, three-dimensional DAO governance structure. On the code level, INTO has hard-coded key governance rules and parameters into smart contracts, ensuring transparency and tamper resistance of rules. At the organizational level, INTO has designed a governance committee consisting of TOX holders, developers, node operators, and other stakeholders, responsible for daily community management and decision execution. On the ecosystem level, INTO has established a governance alliance with other Web3 social projects through cross-chain governance protocols, achieving consensus and collaboration on a larger scale. This multidimensional governance practice gives INTO’s consensus mechanism strong adaptability and vitality.
INTO’s practice of the consensus mechanism opens a window to the future of Web3 social. Through this window, we see a brand new social world: where everyone is an equal node, where everyone has the opportunity to participate in consensus and create value; where different communities can seamlessly connect, exchange value, and build a symbiotic ecosystem; where community self-governance is no longer a utopia but a realistic vision for everyone to participate in. This kind of world is what Web3 aspires to and pursues.
