Home > NEWS > What is Web3?

What is Web3?

There is a growing movement to decentralize the Internet. It's Web3. But there are still a lot of questions about what Web3 really is, how it's different, and what you'll find when you log in.

Web3 is another name for the "decentralized" Web. Its operating system is similar to the Internet you use every day (although there are some important technical differences). Web3 still has familiar sites and applications -- from social networks and streaming services to mainstream media, financial derivatives and more. The main reason for being more open is that there are no strictly medium to large technology limited companies (or government departments), so you can transfer to this website and application in a completely different way.

Confused? Don't worry. Let's review the structural characteristics of the Web and its acceptance of the new theory of "decentralization."

Centralized Web: What Is a Server?

The Internet is home to millions of websites and applications. You can browse all websites and applications by clicking on Internet ready utilities such as smart machine, laptop, smart TV, etc. However, these sites must be "settled" (or stored) in some section. This is where the server stands.

In fact, a server is just another electronic computer that uses physics to store specific content on the Internet. When you browse online customer service, websites, or applications, you are communicating back and forth with the servers they have installed.

Also, in most cases, applications and websites require a large number of servers. Maybe a very small website (like my asset allocation page) can represent every server, but millions of customer Web applications require more memory space. This means that most websites and applications are stored on several servers in a "distributed system" fashion.

If you operate a website, application, or service, you will need to provide your own information memory space (also known as a server) or lease it to a reputable file storage service provider. That's what big tech companies like Amazon, Microsoft and Google stand on is part of what makes them so powerful: They dominate the sales market. These Internet giants provide servers and maintenance services at an affordable cost, and it's often easier for each person (or unit) to lease a server than to run their own. Medium and large service providers often have many server domains around the world, which also makes it easier for applications and websites to spread their memory space to a variety of remotely controlled big data centers.

However, whether running their own servers or leasing them from storage service providers, everyone (most) can control their applications and websites. This model is called "centralization" because users have ultimate control over the server, so they also have ultimate control over the service. Even though servers are common, related software and websites are still controlled by intermediate authorities. This is also the key to the old network operating system.

In Web1.0 and 2.0, government agencies, medium and large tech companies, and Wall Street (just to name a few) were central authorities, certifying your identity, your transactions, your right to publish specific content, and even the most basic restrictions on your access to the Web.

Web3 puts the cart before the horse. It involves diversification.

What does decentralization look like in Web3?

In Web3, we still need servers to manage applications, websites, and services. Servers are still often found all over the world. A new Web3 pattern is so different because the server (or "connection point," as it is called in Web3) is managed by separate authorities rather than an intermediate authority. In other words, the server has not only the characteristics of a distributed system, but also the characteristics of "decentralized."

This may seem like a trivial difference, but it has big implications for the future development of the Internet and how we use it. This is not only a technical difference, but also an ideological one. Decentralization is the key to Web3, aiming to put control of the Internet in the hands of those who apply and contribute to it, rather than large and medium-sized technology companies.

However, from a technical point of view, the use of Web3 is not only complicated, but also difficult to accomplish. To have truly decentralized access, Web3 needs to rely on cutting-edge technologies such as blockchain and data encryption to coordinate the connection point and encourage individual parties to operate the connection point. Everyone can then set it up across all kinds of Internet to effectively choose to manage their websites, applications and services using decentralized connection points.

An in-depth look at the technologies and operating systems applicable to Web3.

The results show that the Internet applicable to Web3 is described as a "decentralized" feature, meaning that no one party (or many) has full rights or control. On average, there is no right to query all data traffic or turn off access restrictions for some customers. Blockchain systems operate with the help of individual participants rather than large, centralized technology limited companies. Data encryption awards can be distributed to participants applicable to the blockchain system and encouraged to apply to the blockchain system.

Applications and websites based on the Web3 blockchain system are called "decentralized applications" (or "DApps"). In fact, the technical term simply means that the application and Web site are managed by individual connection points, rather than by a single server that operates on a physical object. From a technical point of view, everyone can distribute their computer to the Internet as a connection point. But in practice, the best state of being a connection point is a high-end electronic computer, so most connection points still operate in a large-scale setup -- but without centralized access.

An in-depth look at DApps and other content built on Web3.

Why do we care about diversification?

The operating system for Web3 is similar to the old Web, but they have a different decentralized infrastructure. Why is Web3 so critical?

There are two main factors. First, compared to Web2.0, Web3 is more secure, more private, easier to navigate, and more verifiable. Second, Web3 also expresses a new core concept of how the Internet should be run and who should manipulate it, creating opportunities for the future of the Web. Proponents of Web3 say that it has democratised (or demonopolized) the Web. Web3 returns its rights to the customer.

Advantages of Web3

Compared with today's centralized Internet, Web3 has the following advantages:

High security (thanks to encryption algorithm)

More flexible (due to world distributed system infrastructure)

Validation is easier if there is no intermediate authority blocking browsing (if there is no intermediate authority blocking browsing)

More open (because everyone can participate, no permission)

More private (all average no database access due to lack of centralized web server)

Let's take a deeper look at each of these advantages..

Safety factor

Web3 is more secure and more private than Web2.0 because of the built-in encryption algorithm. For example, Web3 user public key (something like encryption algorithm guaranteed access card) does not login name/login password browse DAPP. This gives everyone control over their own data; When logging in, you do not have to trust an intermediate authority to store and authenticate your credentials.

Coordination ability

Although the connection point/web server can be distributed in Web3 and Web2.0, it is usually distributed more in Web3. Due to the choice of Web2.0 large technology limited companies, the web server sector is usually concentrated in the "development strategy" industry. Because the connection points are spread around the world and owned and operated by individual parties and individuals, the likelihood of disruption or shutdown of the networks that make up Web3 is obviously relatively small. Web3 is more "convenient" in this respect, meaning that a single power outage event is less likely to cause a business interruption. Web3 has largely avoided mass shutdowns (for example, when AmazonWebServices had problems, it affected all big data centers and hosting).

It stands up to verification

The blockchain technology in Web3 represents that Web3 sites and applications are much more verifiable than Web2.0 sites and applications. In Web2.0, government departments or Internet service providers (ISPs) or other organizations may use limited web server browsing to prevent you from viewing pages. However, Web3 has no intermediate authority to deal with DApps -- encouraged by the blockchain system and the blockchain system -- because the server is independent and operational. This means that all operators cannot restrict access to these services.

open

Due to the characteristics of blockchain technology, Web3 is increasingly open, permission-free, and completely transparent: anyone with an Internet connection can browse Web3, regardless of location, national lending, age, fetal sex, or other external factors. What's more, everyone can download the necessary applications for free, become a point-of-connection network operator, and participate in the maintenance of the blockchain system. There is no need to seek approval if no intermediary undertakes approval.

Data security

When you transfer the DAPP to Web3, you also make a round trip communication with the delegate's node. In contrast, in Web2.0, you can communicate back and forth through servers that are shut down and centrally licensed. In Web2.0, you have to trust that the people you regularly serve care about your privacy. In fact, choosing Web2.0 Large Technologies Limited has explained time and time again that they would rather sell than maintain your data information. In Web3, however, you are dealing with separate aspects. For example, Ethereum Corporation does not have the right to browse all data uploaded using its Internet, nor does Ethereum Corporation apply a location tracker to track your subject activity on the Web.

Web3 is a fitness movement in the field of ideology. In addition to its technological advances, Web3 is also a bit of a rebel. Web3 stands for rejecting the current mismanagement of the Internet, which neglects everyday customers in favor of finding giant companies to pay for it.

With Web3, users can browse the Internet at will and have full access to data information -- without the support of a large or medium-sized technology company. Web3 is a new core concept about how to manage the Web and how users access it: In Web3, we no longer rely on a single intermediate authority, such as government departments, medium and large technology companies, and large banks.

Web3 is committed to completing the democratic construction of the Internet, making it easy for anyone to participate in the Internet, business connection points and DApps, no matter where they are, no matter who they are, they can enjoy Web3 services.

Web3 stimulates technological innovation

In addition to moving into a more equitable version of the Internet, Web3 promotes some really exciting technologies.

Based on blockchain and digital currency, Web3 lays the foundation for all kinds of new technological innovations. Digital currencies introduce the concept of "tokenization," the acquisition of property and the establishment of a digital version number supported by blockchain technology. This has resulted in a variety of new data encryption tokens that capture the value and innovation of Web3. Focus on currency (BAT) Brave, for example, uses it to create a beautiful world of online advertising for clients and advertisers.

In the future, with the advent of non-single tokens (NFT) first, it was popular in the data art world (although NFT has grown to a level far beyond art design), but tokenization has expanded even further. NFT has empowered a new generation of Net3 customers to take a fresh look at digital currency and how it is owned, stored and displayed and how they interact with it. The NFT Garden adds cases of "metaverse concepts", for example, where digital works of art can be displayed to the public. On the contrary, the concept of a metaverse is sure to generate a multitude of new technological applications.

However, just as cutting-edge technology is exciting and innovative, the application of this new technology is functional and full of potential to benefit other industries. The first industry to be harmed by Web3 technology is finance, but it will inevitably be affected by more and more sectors. Many industries will benefit from Web3's simplification, automation, and free trust system software. These include supply chain management, health care, commercial insurance, real estate, mobile games, social networks, etc.

Explore Web3 for yourself

The more people who increase Web3 fitness, the greater the drive to innovate. The Internet should gradually evolve into a fairer and more innovation-minded place as people become aware of Web2.0's array of problems and diseconomies of scale and move to Web3.

However, how to participate in this fitness exercise? It's easy! Just convert it to a Web computer browser with embedded Web3 features (such as a data encryption wallet) and a personal privacy core... Simply convert it to Brave and other computer browsers.

 

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Why can Bitcoin make money? Is Bitcoin's fixed investment profitable?

For some newcomers to the currency circle, they are not familiar with the investment in the currency circle, and their understanding of the special currency is not very deep. Therefore, they may be at a loss in the choice of investment methods. Many inves

VIDEO

NEWS

Tue, 18 Apr 2023

More