What exactly is Web3? Explanation of the Decentralized Internet of the Future

You are a participant in the modern web if you are reading this. The internet we use today is very different from what it was just ten years ago. How has the internet changed over time, and more importantly, where is it headed next? What’s more, why does any of this matter?

If history has taught us anything, these shifts will have a significant impact.

In this article, I’ll explain how the web has changed over time, where it’s headed next, and why this matters.

Consider how the internet affects your day-to-day life. Take a look at how the internet has influenced society. Platforms for social media. Apps for mobile devices. And now, as we speak, the internet is undergoing yet another paradigm shift.

The Web’s Development

The web has changed dramatically over the years, and its current applications are almost unrecognizable from its early days. The web’s evolution is frequently divided into three stages: Web 1.0, Web 2.0, and Web 3.0.

Finding Web3 engineers is a difficult task because it is still a new concept. The developers who are mastering this new form of the web, which is destined to change the internet in ways we don’t yet understand, are mostly cryptocurrency and blockchain enthusiasts.

Let’s talk about Web3 before we get into how to hire Web3 developement company.

What exactly is Web 1.0?

The first version of the internet was known as Web 1.0. The majority of the participants were content consumers, while the creators were typically web developers who built websites with information served primarily in text or image format. The Web 1.0 era lasted roughly from 1991 to 2004.

Sites serving static content rather than dynamic HTML dominated Web 1.0. Data and content were served from a static file system rather than a database, and there was little interaction on the sites.

Consider Web 1.0 to be the read-only web.

What exactly is Web 2.0?

The majority of us have only seen the web in its current form, also known as web2. Web2 is also known as the interactive and social web.

You don’t have to be a developer to participate in the creation process in the web2 world. Many apps are designed in such a way that anyone can easily become a creator.

You have the ability to create a thought and share it with the rest of the world. You can also upload a video and make it available to millions of people to watch, interact with, and comment on.

Web2 is actually quite simple, and as a result of its simplicity, an increasing number of people all over the world are becoming creators.

In many ways, the web as it currently exists is fantastic, but there are some areas where we can improve significantly.

What is Web3?

Web3, unlike its predecessors Web 1.0 and Web 2.0, is built on decentralized peer-to-peer (P2P) networks like blockchain.

Web3 is a product of both. Blockchain is a key component of cryptocurrency, and it is a product of both. Web3 developers create apps that aren’t restricted to a single cloud server, but instead are distributed across a blockchain or decentralized peer-to-peer network that isn’t centralized.

To put it another way, Web3 is similar to how most cryptocurrencies work, as it is based on the Bitcoin blueprint.

What makes this different from the current Web 2.0? While Web 2.0 is user-centric (most content is generated by users), Web3 takes things a step further by giving users more autonomy and making things more transparent and relatable. In Web3, computers play a significant role in human-level information interpretation.

Web3 differs from Web 2.0 in several ways: it is verifiable, self-governing, permissionless, distributed, stateless, and has built-in payment systems (cryptocurrency).

Because of this lack of transparency and verification, Web 2.0 now contains an excessive amount of content and information, the majority of which is useless to ordinary users. Its security is also lacking, which explains why there are so many hackers today, as well as an uptick in identity theft and other forms of cybercrime.

Any application built on Web3 would be developed and owned by the users, who would contribute to the creation and maintenance of the app, earning a stake in the process. This is exactly how Bitcoin works, with miners earning Bitcoins by facilitating transactions through computing operations.

Web3 apps are known as “dApps,” which stands for “decentralized applications.” In the near future, you can expect to hear this term a lot more.

An effective Web3 developer is one who understands the concept of Web3, is fluent in the relevant programming languages, and has the appropriate technology stack to support their development efforts.

What is the common user’s understanding of Web3?

Ordinary users who are not professionals or well-informed about Web 3.0 perceive the technology as a utopian Internet where everything is centered on the user. Because the Internet will be decentralized, it will be managed by the community. 

There will be no companies collecting and processing user data without their permission in order to profit. The user will only have to say what they’re thinking, and the internet will take care of the rest.

By Olivia Bradley

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