Getting Started with Web3
What exactly is Web3?
Simply told, Web3 is the most recent version of the internet as we know it. In this edition, users have complete control over their content, data, and assets.
There are no middlemen, as there are now with major corporations and governments controlling and regulating everything that happens on the internet.
In some places, phrases like decentralization and democratization of the internet may be used to describe Web3, which might be confusing. For the time being, think of decentralization as being in charge of oneself rather than being controlled and supervised by others.
Web1 only gives you a read access
When the internet was first launched in the 1980s, Web1 was created. Few people or organizations created material, such as news organizations, search engines, and directories. The majority of traffic on the internet during this time was read-only. They looked for an article, read it, and closed it; that was about the extent of their activity.
Geocities websites as an example of Web 1
Read and write on Web2
Web2 was created in the 2000s and is still in use today. Users like myself and you may now share our comments on the story we just read with our friends on social media. It allowed anyone to be both a content creator and a consumer at the same time, yet those of us who accumulated followers were only paid. Now, media is created on social media platforms, which may subsequently sell personal data to marketers to generate large sums of money. However, because companies collect so much of our personal information, privacy has become an issue.
A blog is an example of Web2 website.
Web3 — read, write, own
Web3 addresses the issue of privacy and personal data, which has become a problem. Participants in Web3 will have complete control over their content, data, and assets. It symbolizes a democratized Internet, one that is run by users for the benefit of users. Right now, the individuals at the top control everything; in Web3, they may not exist. Even if they do, you won’t need them since what you build will be yours.
An example of Web3: Pancakeswap
Expanding on this, Web3 will leverage blockchains to give users full ownership of their assets, data, and almost everything.
So, what exactly are blockchains?
A blockchain is a public record database. It organizes data into chunks called blocks. A continuous line is formed by connecting these pieces. A collection of blocks. There’s a blockchain. Each block is similar to a page in a book.
It functions as an immutable (fixed, unchangeable, unshakeable) record of transactions that do not require any external authority to confirm the data’s validity and integrity, such as banks, governments, or huge organizations.
As I previously stated, Blockchain is a public database of information, which means there is no single organization or central body (say, Mark Zuckerberg) maintaining and controlling the database and evil chuckling.
In fact, millions of Internet users assist in the management and maintenance of the records.
In a nutshell, these changes will result in a network that is open, trustless, and permissionless. If this sounds strange to you, let me clarify.
Open: It will be open-source software developed by an open and accessible community of developers and implemented in public view.
It will be completely trustless, allowing members to converse publicly or privately without the interference of a third party.
Users and suppliers do not require permission from a governing organization in order to participate.
Knowledge credit: metaschool
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