What is Web3?

Generation Foundation Editer
Generation Foundation
3 min readDec 12, 2022

Digital assets such as Bitcoin and Ethereum are changing the traditional financial structure. The background is blockchain technology, and it is meaningful that it is decentralized through blockchain technology.

Sources: Rapid Innovation

Web1

Web1 is an early model of the Internet. There was no real-time interaction between the subject and the user, and only one-way message delivery was possible. Therefore, it was difficult to secure the reliability of all contents.

Web2

Web2 is the current model of the Internet. Interaction between the subject, the user, and the user is possible, and the reliability of the content is relatively free through indirect interactive communication. In addition, since it is provided by analyzing the user’s taste with an algorithm, it was possible to focus only on the desired content and consume it.

The user’s taste caused privacy issues for personal data, and the need to change the disproportionate and centralized structure.

Web3

Web3 is a transparent and censorable structure in which data and content are given to individuals. In addition, compensation structures that have been centralized can be changed to be shared with users.

This content enables more professional and repetitive content production on the Internet, which can grow the activation of the Web3 ecosystem.

Products needed in the Web3 ecosystem : 3SecondsClub

Web3 ecosystems require more valuable interactions. 3SecondsClub enables Web3-based Social-Fi, including features such as revenue from activation, asset transactions, and data encryption.

About Generation

Generation (GEN) is an interoperable protocol for extending the Web 3.0 ecosystem.

GEN intends to actively support the three values of ‘freedom’, ‘sovereignty’, and ‘decentralization’ while composing the Web 3.0 ecosystem. The first ‘freedom’ guarantees ‘freedom’ of expression and the privacy of data by utilizing blockchain. The second ‘sovereignty’ allows users to strengthen and own the ‘data sovereignty’ in the Generation ecosystem in line with the Web 3.0 era and obtain rewards by using it. The third ‘decentralization’ utilizes Generation Protocol to operate decentralized networks and assets.

Through these three values, users can experience the true Web 3.0 and become the members of GEN ecosystem.

Why Generation?

GEN utilizes the GEN Protocol to allow projects of various blockchain networks to solve the on-chain scalability trilemma of the blockchain network by utilizing the functions of GEN Protocol and Generation’s products, Pinetree Space and 3 Seconds Club. Participants can expand and complete the Web 3.0 ecosystem with users through fast transaction speed and payment.

📍Webpage | 📍Twitter | 📍TG Group | 📍 Facebook | 📍White Paper 2.0 | 📍ProbitGlobal(Exchange) | 📍GEN Explorer |📍3 Seconds Club(Google playstore)

For moe information or partnership inquiries, please contact us at contact@gen.foundation.

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