Moving from Web2 to Web3: What Technical Improvements Are Needed?

Web1, Web2, Web3: What Are The Differences?

Web1 served as the internet of the 1990s and early 2000s. At that time, the internet was a read-only directory of static HTML pages. User-to-user interaction was limited.

The era of Web2, also known as the read-write web, began around 2004 and remains the most relevant generation of the internet in 2019. It is comprised of social media sites, blogs, and online communities that allow end-users to interact and collaborate with each other at any time and in real-time.

Web3, compared to Web2, is more difficult to define. In large part, this is because the era of Web3 is still in its infancy. Ethereum, the leading blockchain network of Web3, only launched in 2015. In 2019, many of the technologies that go into making the Web3 experience practical for end-users are still being developed or improved. Nonetheless, a few key attributes are commonly regarded as belonging to this new era of the internet. For instance, Web3 aims to provide a more user-centric experience in an unmediated read-write web. Technology enables individuals to control data privacy and data ownership by default. Web3 also introduces the decentralized internet, where rent-seeking third parties have less control over user interaction and value…