Web 3.0 seems to be the coolest word in the developer communities these days; everyone seems to be talking about blockchain technology, NFTs, DE-fi, cryptocurrencies, etc. Newbies in this space tend to be confused by the different terminologies used, the efficiency of the process when they interact with Dapps and many more. To leverage this technology, we need to understand what web 3 is and why it's different from what we are accustomed to (web 2).

What is Web 3?

Web3 is the future of the internet that focuses on decentralization. The main goal of Web 3.0 is to put power in the hands of consumers, not big tech or governments, as it is currently obtainable. Consumers can go about their day-to-day business without dealing with "trusted intermediaries," which is simply amazing. Imagine a world where Google does not track every activity you do on your phone, and Facebook does not sell your data to third parties. This is the world web3 provides, which has made some people refer to it as the "read, write, and own" phase of the internet.

Difference Between Web2.0 and Web3.0

Web 2.0 was a phase of the internet that allowed users to interact with content published on the web in real time. This brilliant innovation allowed users to not only be consumers of content but also create their own and publish it. However, this led to the creation of tech giants that could manipulate the content consumed, censor users and harvest user data for financial gains. Web 3.0 aims to solve this problem by ensuring user data is not stored in a centralized database and also giving users the opportunity to become stakeholders in the governance and operations of the protocols.

The immutability of Web 3.0 means users can finally wave goodbye to censorship. Let's examine the recent case of Twitter wiping off tweets made by President Trump for reasons best known to them. If Twitter had been built on the blockchain, this would not have been possible because it is immutable. Finally, freedom of speech can have a literal meaning.

Lastly, transparency is a key element of Web 3.0; nothing is hidden or manipulated. An example of this is that if users make the same entry on search engines today, they would be served with different content as determined by the owner of the engine. This is inherently dishonest and has frustrated a lot of users. Thankfully, Web 3.0 is going to fix this.

I am currently exploring this world with help from BlockGames, NestCoin and Zuri. WAGMI!