What to Remember
The web has changed from a simple network for sharing information (Web1) to a place where people can connect with each other and make content (Web2). This model is now moving toward a decentralized one (Web3), which gives users more power over their data.
Blockchain technology is used by Web3, or the decentralized web, to let people own and control their own data without having to rely on central authorities.
The blockchain, currency, smart contracts, and decentralized apps (DApps) are all important parts of Web3.
It opens up new options in areas like identity management, social media, decentralized organizations (DAOs), non-fungible tokens (NFTs), and decentralized finance (DeFi).
Consider how the web has transformed since its start in 1983. What began as a main way to share data has grown into a very complicated system that runs automatic programs.
That does sound interesting, right? First, let’s quickly go back in time to see how Web3 has changed over time and what makes each version special.
The History of Web3
The internet has changed from a simple, static area to a system that lets people connect with each other and is not centralized. To understand why Web3 is important and how it might change the future of the internet, you need to know about this change.
Web 1
Think of the internet as a library to get a better sense of how it has changed. In the beginning, Web1 was like a quiet library where only a few big companies had books on the shelves. You could read those books, but that was all they had to offer. They were the only ones who could talk to you.
Web 2
Things changed when Web2 came along. All of a sudden, that library turned into a lively social place where anyone could bring their books, like websites, blogs, or anything else. It turned into a busy place where both users and writers were involved. But there’s a catch: The library was still run by a few big names, like Google or Facebook. The rules, which books stayed, and how everything was set up were all chosen by them.
Web 3
Web3 is now a whole new level. Think of a scattered library that is made up of separate book clubs. There is no one in charge, and everyone is welcome to share what they know. It’s more like a public area where everyone can meet and talk.
Blockchain makes sure that books are kept safe on a network so that no one can damage them. You also own what you add, and you might even get paid for it. This makes the whole process of putting together information a lot more fair and inclusive.
Web3 is all about giving users back power instead of a central authority. It wants to make the internet more open, clear, and a place where everyone’s voice counts.
It’s important to understand Web3 because it’s where the internet is going. You can stay ahead of the curve and be ready for all the exciting changes and chances if you understand it.
Web3 was explained
Web3, or the open web, is the next big thing on the internet. It changes everything because it uses blockchain technology to take power away from big companies and give it back to users like you.
Nothing like that is needed with Web3 because everything runs on independent apps that connect to each other through peer-to-peer (P2P) networks. This makes things more open and protects data better. It also makes it much harder to block information.
Let’s look at what Web3 is and how it works:
- This is all about making decisions and sharing power across a network instead of letting one person or a big company make all the decisions. It lets you have more control over your time online and weakens the grip of those big players.
- Communication without permission or trust: You can do business on Web3 without a bank or middleman. You can do it yourself. That the system is open and welcoming is because anyone can join it without asking.
- Better security and privacy: Web3 gives you more control over who can see your info and how it’s used, which makes it more private. Also, it uses cryptography to protect your data, making it hard for bad people to change it.
- Interoperability: One of the coolest things about Web3 is that it lets different systems and platforms work together without any problems. Your online experience will be smoother and more convenient if you can quickly move data and assets between apps.
- Who owns and controls the data? In Web3, you are in charge of your info. You decide who can use and share it. Want to make money off of your data? Do it. Prefer to keep it private? You make the choice.
Web3 gives you more freedom, power, and safety online. It’s interesting to see how it changes over time!
Know what I mean? It was a big step for Twitter (now X) into Web3 when they let users connect their coin wallets to their accounts in 2021. They could use confirmed non-fungible tokens (NFTs) as their profile pictures. This made Web3 technology easier for more people to use and more popular.