What is web3? Why is web3 the future in advancement?

• What are web1 and web2?

Web1 is a content delivery network. It is used for a personal website. Using web1, the information can be represented statically with minimal user interaction.

Web2 is the latest one. People can create, share, collaborate and communicate their work with each other using the web2. Web2 is simply the updated version of web1.

• Why do we need web3?

Giving competition in a business to any big business giants should be the key goal of any company. And this would be achieved by web3 integration instead of web2. Let’s discuss the weakness of web2.

• No competition

Web2 is competitionless. Google, Microsoft, Facebook, yahoo, amazon, etc. are the companies that have lots of money and also your data as well. Which removes the competition itself.

• Shrinking economy

Mediators in every service are removed using the web3 which we can’t do using the existing web2. For example, the mediator takes lots of commission when you post any video on amazon or youtube.

• Data privacy

To provide you with some advantages, they will take all your data from you. Which results in them using it to spy on you, advertise you and also get overall profit from you.

• Centralised

A centralized network has the central authority. Centralization is a manpower kind of thing. In centralization, All people and computers rely on one server.

• Decentralised

Decentralization is a process which is fully secure compared to centralization. A decentralized network is fully dependent on blockchain technology. It is not the centralized kind of system which has one end point from where the whole platform is controlled. But, it is the decentralized type of thinking to provide the end user full security.

• Distributed

A distributed network is still a centralized network but not dependent on any single person or computer or server.

• What is blockchain? How does it work?

Blockchain is the most famous thing after we get to know about the metaverse and web3. Blockchain is a series of blocks in which each block holds data. Data has been stored in the blockchain.

• What is web3?

Web3 is the third-generation internet. Web3 is the world wide web’s evolution. Web 3 is predicted to be more interactive and dynamic in nature. It will improve the whole web experience by integrating blockchain, Artificial intelligence incorporating and also structural improvements. Web3 is also the NFTs promoter.

Features of web3

• AI

Artificial intelligence integration is used to analyze and know the nature of human needs more faster and effectively using web3.

• 3D graphics

Museum guides, video games, eCommerce, and geospatial contexts are examples of three-dimensional websites prevalent using web3.

• Connectivity

Web3 connects the information more effectively. It helps to increase the user experience by utilizing all available data and enhancing the user experience.

• Decentralized

Decentralized networks allow storing of the data peer-to-peer. Users are responsible for their data and digital assets, and online logins are secure and anonymous.

• Edge computing

Web 3.0-based appliances, laptops, mobile devices, and sensors work together.

Web3 advantages

• Data ownership can be secured using the web3
• Enhanced marketing
• Advanced web browsing efficiency
• An alternative way for people to engage

Web3 disadvantages

• Devices need advanced functionality to run Web3 on them.
• Hard to make the new users understand the web3
• The privacy policy is required for web3

This is how you can easily get an idea of the web3 benefits along with its quite ineffective disadvantages. Web3 is the major thing behind the implementation of the blockchain, Metaverse accessibility and also the NFT token advancement. Get any kind of solution in Web3 by contacting us.