Have you ever thought about the transformation of the internet? Did you hear about web 1 and web 2? Do you know something about web 3 that is emerging these days?
To know the answers to these questions, first, you must know about web1 or web2; then, you will be able to understand more about web3 in our latest article.
What are Web 1 and Web 2?
In the past, we had the internet through which we could communicate. There was an internet with physical wires for communication between computers, people, and programs. If we think about the 90s, HTML and URLs in the web links have made it easy and convenient for users and clients to navigate different web pages. This was web 1.
With the technological revolution, almost in the 2000s, changes in the internet occurred. At this time, users could read and write on the web. Social media like Facebook, LinkedIn, and Twitter were in existence in the era of web 2. Facebook, Twitter, and a few other social media pages and apps explain the value of an online world, and people realize with time how beneficial it is. All major websites like YouTube, Google, and Wikipedia have given the option to their users to give feedback, remarks, and comments on the uploaded content on the websites for further improvement. This was the era when users could search, read, learn, communicate, and sort content according to their needs and requirements. The companies have won the mind-blowing effects and profits during the emergence of the web 2. Web 2 is the source of new ways and opportunities for people to create greater sales and output while generating higher profits. People earned a handsome amount of money and enjoyed a lot of success during the age of web 2.
Limitations in Web 2
Businesses and companies realized they were not getting control over their important data and felt a lot of privacy and secrecy issues due to an emerging internet system. Organizations and people are growing rapidly, so web pages are now centralized and becoming corporates. Many people want a better version of web 1 or web 2. This is the reason for bringing web 3 into existence, which is a more improved version of the internet. Web 3 will overcome the concerning issues of web 2. It will protect your secret information and online identity from hackers and others.
Introduction to The Web 3
Web 3 is usually known as the future of the internet. It is something that will change everything and includes cryptocurrencies, NFTs, decentralized finance, DAOs, and a lot more. It is just an extension of cryptocurrency and uses blockchain in new ways and forms. A blockchain can store the number of tokens and codes and needs commands and permissions. Web 3 is a permissionless blockchain with no centralized control over it. It does not require users to trust. It allows its clients to read, write, and own the web with full control. Through full ownership, users and clients have the full right to control and own the web community they are linked with. The basic objective of web 3 is to transform and change the experience of the online world. It is risky because of the fraudulent activities and hacking issues these days. Blockchain provides the solution for secrecy and privacy issues. It offers centralization and deals with financial concerns. It has a lot of advantages, but at the same time, it has created many similar problems for clients and users. It is highly recommended that entities and businesses consider both the benefits, disadvantages, and risks associated with the blockchain, web 3, and the online world before adapting to it.
How is Web 2 different from Web 3?
Web 2 is an old version of the internet that we all already know. Web 3 is the internet’s latest, controlled, and decentralized version. It is usually known as the future of the internet.
In web 2, Twitter can censor any account or tweet, but web 3 can never do this because of its decentralized control. Payments for certain jobs and tasks are not allowed on web 2, but web 3 allows all kinds of payments and needs no personal data to process them. Web 2 can affect the money and income generated by people working for specific applications; however, web 3 servers cannot go down. It uses a decentralized network of thousands of computers, PCs, and networks as its backend and has no downtime.
Uses and Advantages
Blockchain changes how the information on the web is stored, shared and owned. A blockchain handles and resolves the controlling problems of who will control the information on the web. It looks forward to who makes money and how the networks, communities, businesses, and companies work. There is a big hope that web 3 will create new products, opportunities, services, and doors to the online world soon, and new economies will flourish. It will be the best in the future as it will return to the democracy of the web. This will give a new era and turn to the online world and the internet.
Latest Web 3 Projects
No one can deny that the online and internet world is growing rapidly. Everything is included in the web 3 projects: energy, talent, or money. The blockchain faces great technical, ethical, environmental, and other barriers in managing these projects. Many businesses are trying to get benefits from the advanced internet. They have introduced web 3 in their businesses and enjoyed greater profits and success. But the fact is that most people, businesses, users, and customers do not even know what web 3 is? According to the latest studies, it has been researched that almost 70% of people do not know about the term web 3, its benefits, and its uses.
Problems Associated with Web3
Web 3 is giving several benefits to its customers and clients. It has some disadvantages too. Transactions are slower on web 3 because of decentralization compared to the other forms of the internet. It needs extra steps to interact with the web 3 applications; hence, it is time-consuming. It needs well-designed and special software and education for smooth functioning as web 3 is not integrated, so most users cannot access it fully. Most decentralized applications cannot properly put the code on the blockchain as it is expensive.
Web 1 was the first interaction of the web. The creators of web 1 were the developers who built the websites. You don’t need to become a developer to create the web in the web 2 system. Web 3 is an updated and the latest version of the internet. It is a decentralized system providing a lot of benefits to its users. A major benefit is having great control over data and protecting important business information.