Differences between Web2 and Web3
I recently enrolled in a competitive 8 week program called Blockgames run by Nestcoin in partnership with Zuri Team Limited. It is a game competition focusing on blockchain technology and how to leverage it for solving real life problems. For my first task, I’ll be sharing some differences between web2 and web3.
The web most of us experience currently is commonly referred to as web2. We can think of it as the interactive and social web. Web2 is dominated by companies that provide services in exchange for personal data which they monetize. While the web is great as it is, there are a lot of areas we can do a lot better. Web3 aims to solve some of these shortcomings and enhance as we know it today.
Web3 is a new iteration of the web based on blockchain technology which incorporates concepts like decentralization and token-based economics. Web3 allows everyone participate both as a user and a builder without monetizing personal data. It is a way for artists and creators to not only own what they produce on a platform, but the platform itself.
There are a few fundamental differences between web2 and web3 but decentralization is at its core. Unlike the traditional database structure which uses a client-server model, the blockchain uses a peer-to-peer network where each participant is seen as a node (decentralization). Other advantages it has over web2 are: it is verifiable, trustless, self-governing, permissionless, distributed and robust. It solves issues like data breaches and monetization of private data i.e. it is more secure.