BLOCKCHAIN - WEB 3.0 and its predecessors
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Whether you've been using Steemit for a while or are just starting out, you've probably heard or seen the term "web 3.0" used to describe the service. Twitter and other traditional (Web 2.0) social media platforms are where I mostly see it. I knew that web 3.0 referred to decentralized websites like Steemit while web 2.0 referred to established media platforms, but I recently learned that web 3.0 encompasses more than just decentralization. I'll therefore try my best to clearly describe web 3.0 in this article.
Yes, I need to start at the beginning so that it is simpler to understand before I explain web 3.0.
Web 1.0 refers to the first version of the internet. Web 1.0 was often referred to as the read-only web because it solely consisted of fixed pages of content. Sign in, take the necessary notes, then sign out. There was hardly any use of the internet.
At this point, the internet started to gain popularity. In Web 1.0, we learned from the internet, but in Web 2.0, we learn from the internet as well as the internet learning from us. Numerous social media platforms as a result emerged. Through our interactions with the internet—posting material, leaving comments, and other methods—it was able to learn more about us, enabling it to better serve us. Because of this, your Facebook feed and mine will never be the same. Our feed is personalized to our preferences because we read a variety of articles. This represented a significant advancement over web 1.0 in almost every manner, but it also brought about centralization.
Our data was first sold to advertising agencies by the centralized companies that control these web 2.0 sites. And that is how sponsored or paid adverts were created.
Except for paid advertisements, all collected data is kept on a single server. A significant problem will arise if it fails.
Additionally, the centralized company has the authority to block and remove content on web 2.0 sites that they find objectionable.
In web1.0, you can only read, meaning you are just a customer, but in web2.0, you can read, add content, publish content, and delete it as you please. However, you do not have full control over your account. Web 3.0, on the other hand, allows you to read, add material, and even fully customize your content. This is due to Web 3.0's use of block chain technology, which makes it uncontrollable. Your personal information is therefore shielded from centralized businesses who sell it.
The ability for users to add to or modify the platform is another crucial component of web 3.0. Platforms for Web 3.0 use Decentralized Autonomous Organizations, or DAOs for short.
When a choice must be taken in a web2.0 organization, those who own stock typically meet and decide on the best course of action. Once it has been decided, it is finalized.
A DAO, on the other hand, is a smart contract that works similarly, but tokens are used to decide or effect change rather than people who own platform shares (governance tokens). Each token represents a vote, and those who possess the greatest number of tokens have a greater impact on the result. By being used to vote for proposals and witnesses, the tokens now have a purpose and a value.
One of the most well-liked aspects of web 3.0 is anonymity. With web 3.0 platforms, practically anything can be done, including financial transactions, without disclosing your identify or incorporating KYC.
These are the key differences between web 3.0 and its forerunners. But remember that it's still early. There's still room for development. Now that we're using web 3.0 platforms, we're all eager to see what social media will look like in the future. We'll soon blend in with society and benefit from being first in line.
https://twitter.com/SonOfMaaan/status/1577730851307229192?s=19
You have put down a wonderful article today my friend, thank you for an information on the web 3.0
Web 3.0 in a new generation technology that is here to stay.