Do you remember the year 1995 when it was only possible to surf the net? Today we have Web3 with blockchain and metaverse. Find out in this post how the web has evolved.
The speed of evolution of the network is increasing. Dan Monaghan , founder of Clear Summit Group and co-founder of WSI , was one of the keynote speakers at last year’s Springboard event where he spoke on “ Web3 and the changing digital environment for business ”. Here he will find some interesting ideas.
What is the difference between Web3, Web 1.0 and Web 2.0?
In 1995 we had Web 1.0, where some people were debating the meaning of the @ symbol, while others were saying that all businesses would be on the internet by the year 2000. People were just surfing the web and visiting existing sites, and some providers service providers were Canada Whatsapp Number Data trying to win more users online ( anyone remember when we got AOL CDs in the mail? ). By 1996, the first site for McDonald’s was created, and from then on, franchisees began to adopt Web 1.0.
With Web 2.0, users began to contribute to the web instead of just browsing it . Wikipedia took advantage of the knowledge of the people, and some social networks like Facebook and Instagram began to create communities and user-generated content.
Today, the major Web 2.0 platforms
(such as Meta, Alphabet, and Amazon) own and control everything. Their centralized business model means that we (the users) receive free services while they (the platforms) can sell our privacy, information and attention to the highest bidder.
All that will change with Web3 because it has to do, precisely, with decentralization .
What is Web3?
Web3 is trustless and permissionless, offers an immersive experience and a semantic web. To understand Web3 and decentralization, you will need to understand blockchain because it is the technology that lies at the heart of Web3.
Every site, platform, and business in Web 1.0 and Web 2.0 had a central database, and the owners of those platforms owned and controlled access to their platforms. However, blockchain (and Web3) decentralizes the database by sharing it with all the nodes in the network. In the case of Web3 there is no single database (it is completely transparent and incorruptible because it is completely visible to everyone).
blockchain means that users will not have to rely on trust. By way of example, when you use your bank’s portal to make payments or send a transfer to a friend, you trust your bank and that the BTC Database EU institution’s database protects your privacy.
In the case of Web3, and thanks to the transparency of the blockchain, trust is no longer necessary.
Likewise, Web3 is an immersive experience . We are addicted to our phones, so imagine how addictive and transformative it can be to be able to put the whole world on them.
What is the semantic network? You’ll hear more and more about it in the future, and that’s precisely where the web really comes alive. Just like humans, machines will consume content. In the semantic network, the network is used for machines to communicate with other machines.
you will need to understand blockchain because it is the technology that lies at the heart of Web3.