10/10/2021
LEARN ABOUT WEB 3.0 - The next generation of the internet. 👣
In general, the web of today empowers us to participatemore 👥than we could at any point in the past.
From the beginning.
WEB1
The sites were static and read-only 👀, which meant that Internet users experienced limitations in online interaction 🤭. Most web users have used the content passively.
The exchange of information was significantly faster than ever, but interactivity was low ⬇️.
One of the most important practical requirements of this web was to be able to access the network in a decentralized way via remote machines 💻and to allow systems to be interconnected without the need for central control or coordination 🕹.
This version of the web that was composed of interconnected static resources delivered via a distributed network of servers and accessed primarily on a read only basis from the client side — “Web 1.0”.
Usage of the web soared with the number of websites growing 🏟, and had to count more and more users.
Desktop browsers became commoditized and paved the way for native web services for discovering content like search engines ⚙️.
The massive volume of data generated by Internet activity and the growing realization of its competitive value forced companies to become experts at database management. 🤖
WEB2
O’Reilly Media coined the concept of Web 2.0 in an attempt to capture such shifts in design principles, which were transformative to the usability and interactiveness of the web.
However, in the midst of the web 2.0 transformation, the web fell out of touch with one of its initial core tenets — decentralization.
Interactivity has increased as more users have been given the power 💪 to create content. Social media sites like MySpace and Facebook have encouraged interactivity as people have generated different forms of content. 🕶
WEB3
The next generation of the internet.
The last two decades have proven that building a scalable system that decentralizes content is a challenge. While the technology to build such systems exists, no content platform achieves decentralization at scale ⚖️.
There is one notable exception: Bitcoin. Bitcoin was conceptualized in a 2008 whitepaper by Satoshi Nakamoto 🦸 as a type of distributed ledger known as a blockchain designed so that a peer-to-peer (P2P) network could transact in a public, consistent, and tamper-proof manner.
The web is for the end user.
Distributed systems enable the data and its processing to not be held by a single party. This is useful for companies to provide resilience, but it’s also useful for P2P-based networks where data can stay in the hands of the participants. ☀️
Each participant in the network can choose what they host/provide and can be home to different content. Similar to your home network, you are in control of what you share, and you don’t share everything 💥.
In a decentralised web, each participant holds a secret key 🔑. They can then use it to identify each other. In a Web3 setting where web participants own their data, they can selectively share these data with applications they interact with ⚡️.
Participants can also leverage this system to prove interactions they had with one another.
