What is Web3? Enough to read this

As a new protocol to describe the realization of decentralized consensus, since its appearance in 2014, Web3 has gradually become synonymous with public chain ecology, applications and even design concepts. Like other new concepts, the question of "What is Web3?" The new terminology may be unfamiliar to some people, so in this blog post, we introduce Web3 in 9 parts, together with some practical cases, so that you can better understand them in practice.

1. Web3 is a new term for the decentralized web

Since 2015, ConsenSys founder and CEO Joseph Lubin has been speaking, writing, and funding teams building Web3 and the decentralized web. The Web3 philosophy is the touchstone that guides all of ConsenSys’ early investments and projects. MetaMask is the primary way for individual users to access the Ethereum blockchain today, but there are, of course, many other Ethereum-compatible networks. It's a way to securely generate a public key on your phone or computer, but it uses a new norm of web interaction - only you have access to your account and data, and can choose what to share and what to keep private. Others liken MetaMask to an encrypted version of a consent manager.

When we refer to the decentralized web, in addition to decentralized currency and identity, we also refer to other parts of the related technology stack. For example, for file persistent storage (such as IPFS and Arweave), decentralized storage (Golem, W3BCloud, etc.) and decentralized data (graph protocol), decentralized storage is becoming an indispensable part of the decentralized network .

Right now, Web3 is the direction a16z and other big VCs are keen on, which means there are plenty of people on Twitter mocking, sarcastic, and even confusing. It's only a matter of time before Web3 takes its place in the public internet discussion, when these clowns may return to serve as evangelists.

2. Web1 is read-only, Web2 is read-write, Web3 is read-write + has information

When I asked a fellow Web3 developer how he would explain Web3, the short answer he gave was: Web1 is read-only, Web2 is read-write, and Web3 is read-write-own. The initial versions of the web were built on open source protocols such as TCP, IP, SMTP, and of course HTTP. Protocols are used as a standard way of allowing multiple computers to communicate with each other. These underlying protocols govern the flow of information and messages on the Internet, and if you want to build an application or service based on the rules of these protocols, there is no charge.

Web2 is a second-generation product built using free and open-source protocols on the Internet. The big shift that Web2 brought from the static, read-only Web1 website was that individual users could publish content to the Internet. What started as likes on Digg message boards has morphed into Weibo and now Facebook with more than 2 billion users. Another subtle change is that users don't need to maintain their own servers to keep their websites running, and Web2 companies bear the associated costs. But at the same time, they also created an information silo of user data, behavior, and activity to build a social graph with great advertising value. In the Web2 era, individual users are products.

https://app.cyberconnect.me/address/0x024695E5Df5Ed0EF6b44668757d52Bd18C5981b5