If you are following the world of blockchain closely, then you must have come across the terms “Web 2.0” and “Web 3.0”.   People are eager to find out web 2.0 and web 3.0 differences to know why they need Web 3.0. As the technology is still new, learning about the concept may help users grasp it better.

While Web 3.0 hasn’t fully taken shape, it will have significant implications for how business gets conducted as it is — unlike in the past — decentralized and not controlled by governments and corporations. With Web 3.0, centralized companies no longer own or retain the data, as it gets privately managed.

— Alexandra Pitkevich, principal, business consulting, EPAM Systems

A 2020 post on Twitter said it best: Web1 was read-only, Web2 is read-write, Web3 will be read-write-own.

Although Web3's killer features aren't isolated and don't fit into neat categories, for simplicity we've tried to separate them to make them easier to understand.

Web3 gives you ownership of your digital assets in an unprecedented way. For example, say you're playing a web2 game. If you purchase an in-game item, it is tied directly to your account. If the game creators delete your account, you will lose these items. Or, if you stop playing the game, you lose the value you invested into your in-game items.

Web3 allows for direct ownership through non-fungible tokens (NFTs). No one, not even the game's creators, has the power to take away your ownership. And, if you stop playing, you can sell or trade your in-game items on open markets and recoup their value.

The power dynamic between platforms and content creators is massively imbalanced.

On Web3, your data lives on the blockchain. When you decide to leave a platform, you can take your reputation with you, plugging it into another interface that more clearly aligns with your values. Web 2.0 requires content creators to trust platforms not to change the rules, but censorship resistance is a native feature of a Web3 platform.

As well as owning your data in Web3, you can own the platform as a collective, using tokens that act like shares in a company. DAOs let you coordinate decentralized ownership of a platform and make decisions about its future.

DAOs are defined technically as agreed-upon smart contracts that automate decentralized decision-making over a pool of resources (tokens). Users with tokens vote on how resources get spent, and the code automatically performs the voting outcome.

However, people define many Web3 communities as DAOs. These communities all have different levels of decentralization and automation by code. Currently, we are exploring what DAOs are and how they might evolve in the future.

Traditionally, you would create an account for every platform you use. For example, you might have a Twitter account, a YouTube account, and a Reddit account. Want to change your display name or profile picture? You have to do it across every account. You can use social sign-ins in some cases, but this presents a familiar problem censorship. In a single click, these platforms can lock you out of your entire online life. Even worse, many platforms require you to trust them with personally identifiable information to create an account.

Web3 solves these problems by allowing you to control your digital identity with an Ethereum address and domain name services like ENS and Unstoppable Domains.

Web2's payment infrastructure relies on banks and payment processors, excluding people without bank accounts or those who happen to live within the borders of the wrong country. Web3 uses tokens like BTC or ETH and etc to send money directly in the browser and requires no trusted third party.

• Get a wallet; like: Metamask, imToken, TallyHo and etc.

• Find a community; like: Ethereum, Bitcoin, LI.FI and etc.

• Explore Web3 applications; like: Aave, Superfluid, Rotki, LI.FI and etc.

• Join a DAO; like: MakerDAO, ENS, KlimaDAO, LI.FI and etc.

• Build on Web3;

As the demand for different blockchain-based Web 3.0 technologies continues to grow, so too does the need to enable interoperability. This is something that is enabled with cross-chain bridge services.

Blockchain is a distributed ledger technology that uses cryptography to provide assurance and integrity to data and transactions. Blockchain networks enable many types of services, including secured databases, immutable ledgers, decentralized applications, decentralized finance, non-fungible tokens (NFTs) and cryptocurrencies.

There are many blockchain networks and cryptocurrencies that use different blockchain technologies, including Bitcoin, Ethereum, Avalanche, Polygon, Solana and Arbitrum. Enabling interoperability and exchange across different blockchain networks is an area where cross-chain bridges -- sometimes also referred to as blockchain bridges -- play an increasingly important role.

The Ultimate Cross-Chain Bridge & DEX Aggregator

LI.FI is a cross-chain bridge aggregation protocol with DEX connectivity. Their vision is to create a middle layer between DeFi infrastructure and the application layer to facilitate the development of applications in a multi-chain world.

With LI.FI, it’s very easy to be cross-chain from day one, onboard users who are coming from other chains, or extend your existing product with cross-chain capabilities: e.g., cross-chain swaps or cross-chain yield strategies.

LI.FI connects the bridges to DEXes and DEX aggregators, allowing cross-chain any-2-any swaps.

LI.FI’s thesis:

• The future is multi-chain

• Bridges are key blockchain infrastructure

• Bridge aggregation will pave the way for mass adoption

They are focused on solving just one modern problem: multi-chain interoperability. They’ve partnered up with the brightest minds and aim to build the best abstraction and aggregation solution available on the market.

• Official website: https://li.fi/

• Bridge & Swap: https://transferto.xyz/

• Blog: https://blog.li.fi/

• GitHub: https://github.com/lifinance/

• Discord: https://discord.gg/lifi

• Twitter: https://twitter.com/lifiprotocol

• Telegram: https://t.me/lifinews

• https://li.fi/

• https://ethereum.org/

• https://101blockchains.com/

• https://spiceworks.com/

• https://www.techtarget.com/

If you are following the world of blockchain closely, then you must have come across the terms “Web 2.0” and “Web 3.0”.   People are eager to find out web 2.0 and web 3.0 differences to know why they need Web 3.0. As the technology is still new, learning about the concept may help users grasp it better.

While Web 3.0 hasn’t fully taken shape, it will have significant implications for how business gets conducted as it is — unlike in the past — decentralized and not controlled by governments and corporations. With Web 3.0, centralized companies no longer own or retain the data, as it gets privately managed.

— Alexandra Pitkevich, principal, business consulting, EPAM Systems

A 2020 post on Twitter said it best: Web1 was read-only, Web2 is read-write, Web3 will be read-write-own.

Although Web3's killer features aren't isolated and don't fit into neat categories, for simplicity we've tried to separate them to make them easier to understand.

Web3 gives you ownership of your digital assets in an unprecedented way. For example, say you're playing a web2 game. If you purchase an in-game item, it is tied directly to your account. If the game creators delete your account, you will lose these items. Or, if you stop playing the game, you lose the value you invested into your in-game items.

Web3 allows for direct ownership through non-fungible tokens (NFTs). No one, not even the game's creators, has the power to take away your ownership. And, if you stop playing, you can sell or trade your in-game items on open markets and recoup their value.

The power dynamic between platforms and content creators is massively imbalanced.

On Web3, your data lives on the blockchain. When you decide to leave a platform, you can take your reputation with you, plugging it into another interface that more clearly aligns with your values. Web 2.0 requires content creators to trust platforms not to change the rules, but censorship resistance is a native feature of a Web3 platform.

As well as owning your data in Web3, you can own the platform as a collective, using tokens that act like shares in a company. DAOs let you coordinate decentralized ownership of a platform and make decisions about its future.

DAOs are defined technically as agreed-upon smart contracts that automate decentralized decision-making over a pool of resources (tokens). Users with tokens vote on how resources get spent, and the code automatically performs the voting outcome.

However, people define many Web3 communities as DAOs. These communities all have different levels of decentralization and automation by code. Currently, we are exploring what DAOs are and how they might evolve in the future.

Traditionally, you would create an account for every platform you use. For example, you might have a Twitter account, a YouTube account, and a Reddit account. Want to change your display name or profile picture? You have to do it across every account. You can use social sign-ins in some cases, but this presents a familiar problem censorship. In a single click, these platforms can lock you out of your entire online life. Even worse, many platforms require you to trust them with personally identifiable information to create an account.

Web3 solves these problems by allowing you to control your digital identity with an Ethereum address and domain name services like ENS and Unstoppable Domains.

Web2's payment infrastructure relies on banks and payment processors, excluding people without bank accounts or those who happen to live within the borders of the wrong country. Web3 uses tokens like BTC or ETH and etc to send money directly in the browser and requires no trusted third party.

• Get a wallet; like: Metamask, imToken, TallyHo and etc.

• Find a community; like: Ethereum, Bitcoin, LI.FI and etc.

• Explore Web3 applications; like: Aave, Superfluid, Rotki, LI.FI and etc.

• Join a DAO; like: MakerDAO, ENS, KlimaDAO, LI.FI and etc.

• Build on Web3;

As the demand for different blockchain-based Web 3.0 technologies continues to grow, so too does the need to enable interoperability. This is something that is enabled with cross-chain bridge services.

Blockchain is a distributed ledger technology that uses cryptography to provide assurance and integrity to data and transactions. Blockchain networks enable many types of services, including secured databases, immutable ledgers, decentralized applications, decentralized finance, non-fungible tokens (NFTs) and cryptocurrencies.

There are many blockchain networks and cryptocurrencies that use different blockchain technologies, including Bitcoin, Ethereum, Avalanche, Polygon, Solana and Arbitrum. Enabling interoperability and exchange across different blockchain networks is an area where cross-chain bridges -- sometimes also referred to as blockchain bridges -- play an increasingly important role.

The Ultimate Cross-Chain Bridge & DEX Aggregator

LI.FI is a cross-chain bridge aggregation protocol with DEX connectivity. Their vision is to create a middle layer between DeFi infrastructure and the application layer to facilitate the development of applications in a multi-chain world.

With LI.FI, it’s very easy to be cross-chain from day one, onboard users who are coming from other chains, or extend your existing product with cross-chain capabilities: e.g., cross-chain swaps or cross-chain yield strategies.

LI.FI connects the bridges to DEXes and DEX aggregators, allowing cross-chain any-2-any swaps.

LI.FI’s thesis:

• The future is multi-chain

• Bridges are key blockchain infrastructure

• Bridge aggregation will pave the way for mass adoption

They are focused on solving just one modern problem: multi-chain interoperability. They’ve partnered up with the brightest minds and aim to build the best abstraction and aggregation solution available on the market.

• Official website: https://li.fi/

• Bridge & Swap: https://transferto.xyz/

• Blog: https://blog.li.fi/

• GitHub: https://github.com/lifinance/

• Discord: https://discord.gg/lifi

• Twitter: https://twitter.com/lifiprotocol

• Telegram: https://t.me/lifinews

• https://li.fi/

• https://ethereum.org/

• https://101blockchains.com/

• https://spiceworks.com/

• https://www.techtarget.com/