People talk a lot about the revolutionary changes that Web 3.0 will help businesses, but few understand where this talk came from or what it truly entails. One must go into the past and investigate Web 1.0 as well as Web 2.0 to grasp this concept.
Pros Of The New Web 3.0
However, the economic engine remains mostly private and monopolized, even though Web 2.0 has liberalized numerous power systems and offered new possibilities. Web 3.0 is the opposite of this, emphasising value creation and distribution over a distributed network by various profit centres.Web 3.0 has several benefits, including the following:
No Governing Body Or Authority
By eliminating the need for intermediaries, blockchains like Ethereum create a trust-free system with immutable regulations and impenetrable data encryption. Users' information will no longer be under Alphabet and Apple's watchful eye. There will be no way for governments or other organizations to shut down operations, and no one person will be able to steal the credentials of others.Rights To Information
Users will recover full control of their data and enjoy the peace of mind of using encryption. As a result, data may be sent on a need-to-know, permission-based basis. Today, major corporations like Amazon have whole data centres full of servers that store everything from a customer's food preferences and financial status to their hobbies and shopping habits. But it's not only to improve their services; marketers and advertising shell out billions annually to get their hands on this information.Hacking And Information Breaches Have Decreased Dramatically.
Decentralizing and dispersing data means that an attacker will have to shut down the whole system, while government technologies now utilized by the three-letter firm can become outdated. Internet service providers have to give over user information or risk having their complete database analyzed.Blockchains That Don't Need Anyone's Permission To Use Them
Anyone may sign up for an address and start using the network immediately. We cannot overstate the significance of possessing accessibility to permissionless networks. The location of the user, their socioeconomic status, their gender, or their sexual orientation will not be used to discriminate against them. Globally instant and cheap transfers of wealth and other digital assets are possible.Continuity Of Service With No Breaks
There is a significant decrease in the frequency with which accounts are suspended or DDoS attacks are successful. Because there isn't a solitary source of breakdown, there won't be any significant disruption in operation. The data will be kept on many nodes to guarantee availability in the event of a node failure, and numerous backups will be kept in case a node is compromised.The Question Is, How?
Similar to every new invention, improvements are continuously being made to this technology. People will just need a seed to get entry to the decentralized web. This will be a unified resource for interacting with decentralized applications and other services. People will still access the internet through a web browser, but the interface will have a more streamlined Web 2.0 aesthetic.The transition from version 2.0 to version 3.0 seems to have a low first learning curve. However, digital services and the infrastructure that connects people to them are quite different on the back end. Signing and verifying transactions manually thwarts systems' ability to steal users' private data without justification. Instead of attempting to opt-out (and usually failing), Internet users would instead opt-in.
