Yesterday, we talked about the differences between the Web and the Internet. Today, I am going to explain what Web3 is, and how we got to Web3.
Before the World wide web was developed by Tim Berner Lee, the only way to gain real, first-hand information about things was to travel to that place. You can hear rumors about it but if you want to see it for yourself, you have to visit that place.
There was no web so the famous Queen Sheba had to travel to Israel to behold the glamor of Israel and the wealth of King Solomon.
There was no world wide web so you have to go to Rome to watch the Gladiators fight.
Well, it was not a problem for the rich like Queen Sheba who had money to spend but research was costly and time-consuming.
That was a problem.
Tim Berner Lee came up with the idea of a structure that would be hosted on the internet. I mean, since we have something as beautiful as the internet we could be connected, so I don't have to travel to Athens to learn about them. I can travel to Athens but it should be a choice, not compulsory.
Tim's idea was to create a system that will enable the borderless sharing of information. With the internet, the idea was bound to succeed. I mean, it was not only cost-effective but time-saving.
He began working on the idea that turned out to be Web 1.0. It started in 1990 and lasted till 2004.
In this version of the web, people could only read information. They could not share feedback and its use was limited to companies.
Well, it was the kind of thing Tim Berners had in mind but, not exactly. Something needed to be tweaked to make it better.
Web 2 was introduced in 2004.
This is the version of the Web that you are using right now.
You can create content, share it on social media platforms or websites and get feedback from others. You can share your perspective on topics that are of interest to you.
Well, this version of the Web is centralized. That is, it is owned by a group of individuals who determine what happens to who and what does not happen to who. The individuals here are the Tech companies and the government.
You can easily get banned on Twitter/ LinkedIn for violating their terms of use. Your account could get banned or flagged.
When that happens, you will lose everything.
Another problem is that you are at the mercy of Tech companies. Policies are made without your opinion. Whatever the Tech company decides is binding except if they decide to change it.
The biggest challenge in Web 2 is the sale of users' data to companies.
The more you use a platform, over time the algorithm learns about you, and what you like. With this information handy, the kind of ads that will be displayed in your feed are only advertisements related to your interests.
The problem with this is that it's mostly without your permission.
To solve these problems, Web 3 was introduced.
Web 3.0 is a decentralized version of the web-based Blockchain Technology. It is not owned by anyone. You get to determine who you give your data to, when, and how.
In Web 3, you will be able to do what was done in Web 1 and Web 2 and so much more. Also, you will get to be part of the decision-makers.
Doesn't that sound awesome?
By the way, do you clearly understand what Web 3 is all about now, and how we got to Web3?
If you are still confused, ask me. I will be glad to help.
