What is Web2.0?
Drawbacks of Web2.0
While Web 2.0 brought some advancements, there were also drawbacks:
- Corporate element both helped and potentially hindered the evolution of the internet
- Financially strong platforms like Twitter and Facebook could invest in development But also had the power to censor information
- Servers used by apps are not foolproof and can financially impact those dependent on them if they go down
- Payment services require adherence to certain guidelines and may deny payment if standards are not met
- Web 2.0 offers greater technical capabilities, but delivered by companies with a set of rules
What is Web3?
Web3, also known as the "third generation" of the World Wide Web, is an umbrella term used to describe the next evolution of the internet. It is characterized by the integration of decentralized technologies, such as blockchain and peer-to-peer networks, into the infrastructure of the internet.
Compare Web2 vs Web3
- One of the main differences between web2 and web3 is the decentralization of the internet. In web2, the internet is controlled by a small number of large corporations and organizations, which have the ability to censor or control the information that is shared on the internet. In contrast, web3 is designed to be decentralized, meaning that it is not controlled by any single entity. Instead, it is powered by a network of computers and servers that work together to support the functions of the internet.
- Another difference between web2 and web3 is the use of blockchain technology. In web2, transactions and data are stored on centralized servers, which can be vulnerable to hacking and data breaches. In contrast, web3 uses blockchain technology to store and verify transactions and data, which makes it more secure and resistant to tampering.
- Web3 is also expected to have a greater focus on privacy and security. In web2, personal data is often collected and shared by companies for targeted advertising and other purposes. In web3, the use of decentralized technologies and encryption is expected to give users more control over their personal data and increase their privacy.
What are the benefits of Web3?
- In Web 3.0, decentralized networks will allow individuals to have control over their online data and level the playing field for all involved in the blockchain.
- Smart contracts can create a trustless internet, enabling trades to be executed automatically based on the features encrypted in the contract.
- Web3 is expected to offer a higher degree of privacy, with distributed personal data stores giving individuals greater control over their data.
- Web3 will allow for greater connectivity through the use of semantic data, leading to improved organization, use, and discovery of information, and an overall better user experience.
- Web3 is also expected to have a more sustainable and environmentally-friendly model, with the use of artificial intelligence and the semantic web helping to reduce human error and harness the power of technology more effectively.
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