Since Web3 is quite new, many builders, developers, amateurs and encryption enthusiasts are trying to use various Web3 technologies to provide more secure, open and intelligent applications. Some Web3 applications include decentralized autonomous organization (DAO), decentralized Finance (defi), private and digital infrastructure of cryptocurrency (including stable currency), virtual digital media such as NFT, and virtual garden, and video games driven by blockchain.

What is web1?

Illustration 1 Web1 is the first generation network, with a time span from the early 1990s to the early 21st century. This generation is characterized by static HTML websites that are read-only.

What is web2?

Illustration 2 Web2 is what we know today as the network. Web2 is to solve the shortcomings of web1. With the rapid increase of network applications, people need an interactive, collaborative and dynamic website, which not only provides users with the ability to view content. Some examples of web2 are social media network platforms, such as Facebook, twitter, pinterest and reddit. Fintech websites such as PayPal and square, and blog platforms such as WordPress and medium.

Definition of Web3: what is Web3?

The second generation network still has its own defects. Users of the second generation network cannot control how and where their data is stored and used. This has led large technology companies and their advertising partners to bombard their users with targeted ads. Even though the financial technology (fintech) sector has made great progress, the transfer of monetary assets is still not the most smooth. Security issues, high transaction fees, government regulations and unavailability in some parts of the world are some of the financial technology issues that Web3 defi website hopes to solve. So, what is web 3? Web3 is a new iteration of the world wide web, including decentralized system, semantic web technology, ubiquitous defi system driven by cryptocurrency, and community ownership of the network.

Benefits of Web3

Decentralization

Web3 will revolutionize ownership of data and systems. At present, data and systems are owned by major technical organizations. This means that they can use your data for targeted advertising, and in some cases, even violate the privacy of users.

Web3 is a network owned by the people, which means that the management of the network is in the hands of the community. Communication is conducted in a point-to-point network on the blockchain, rather than through centralized operations.

Openness

Censorship has been a major challenge in this generation of networks. Over time, the central authorities abused their power to prevent people from accessing some resources on the Internet based on political, economic and social differences.

Decentralized systems have no central authority, which means that no one can manipulate them for profit or power

No license required

One of the biggest challenges of the current network is the authentication mechanism of network applications (multiple passwords are required on each different platform). This has become a very cumbersome and unsafe authentication method.

With decentralized applications (dapps), all you need to do is create a cryptocurrency wallet and connect your wallet to the application.

I hope this article can guide you and help you explore and try the new world of decentralized and open networks.

Since Web3 is quite new, many builders, developers, amateurs and encryption enthusiasts are trying to use various Web3 technologies to provide more secure, open and intelligent applications. Some Web3 applications include decentralized autonomous organization (DAO), decentralized Finance (defi), private and digital infrastructure of cryptocurrency (including stable currency), virtual digital media such as NFT, and virtual garden, and video games driven by blockchain.

What is web1?

Illustration 1 Web1 is the first generation network, with a time span from the early 1990s to the early 21st century. This generation is characterized by static HTML websites that are read-only.

What is web2?

Illustration 2 Web2 is what we know today as the network. Web2 is to solve the shortcomings of web1. With the rapid increase of network applications, people need an interactive, collaborative and dynamic website, which not only provides users with the ability to view content. Some examples of web2 are social media network platforms, such as Facebook, twitter, pinterest and reddit. Fintech websites such as PayPal and square, and blog platforms such as WordPress and medium.

Definition of Web3: what is Web3?

The second generation network still has its own defects. Users of the second generation network cannot control how and where their data is stored and used. This has led large technology companies and their advertising partners to bombard their users with targeted ads. Even though the financial technology (fintech) sector has made great progress, the transfer of monetary assets is still not the most smooth. Security issues, high transaction fees, government regulations and unavailability in some parts of the world are some of the financial technology issues that Web3 defi website hopes to solve. So, what is web 3? Web3 is a new iteration of the world wide web, including decentralized system, semantic web technology, ubiquitous defi system driven by cryptocurrency, and community ownership of the network.

Benefits of Web3

Decentralization

Web3 will revolutionize ownership of data and systems. At present, data and systems are owned by major technical organizations. This means that they can use your data for targeted advertising, and in some cases, even violate the privacy of users.

Web3 is a network owned by the people, which means that the management of the network is in the hands of the community. Communication is conducted in a point-to-point network on the blockchain, rather than through centralized operations.

Openness

Censorship has been a major challenge in this generation of networks. Over time, the central authorities abused their power to prevent people from accessing some resources on the Internet based on political, economic and social differences.

Decentralized systems have no central authority, which means that no one can manipulate them for profit or power

No license required

One of the biggest challenges of the current network is the authentication mechanism of network applications (multiple passwords are required on each different platform). This has become a very cumbersome and unsafe authentication method.

With decentralized applications (dapps), all you need to do is create a cryptocurrency wallet and connect your wallet to the application.

I hope this article can guide you and help you explore and try the new world of decentralized and open networks.