Web2 vs Web3 | CoinMarketCap

As Jack Dorsey ignited a debate over Web3 decentralization, we take a closer look at Web2 vs Web3, their history, their features, and what the future holds for both versions.

Web3

1/19/2022 4:55:00 PM

As Jack Dorsey ignited a debate over Web3 decentralization, CoinMarketCap Alexandria (CMCAlexandria) takes a closer look at Web2 vs Web3 , their history, their features, and what the future holds for both versions. Read more!👇

As Jack Dorsey ignited a debate over Web3 decentralization, we take a closer look at Web2 vs Web3 , their history, their features, and what the future holds for both versions.

? This is typically identified as the internet (1991 and 2004) that consisted of static content websites in text or image format without much interactivity.The first generation of Web 1.0-era websites was limited to passively viewing the content, like a read-only document/page.

What Is Web2?Web 2.0, is commonly identified as the interactive and social web.While the previous version of the internet was mainly populated by developers who were the leading players in creating content, Web2 typically consists of applications conceived to allow anyone to be a creator easily.

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Blockchain Firm Animoca Brands Raises $358 Million to Enhance Web3 and the Metaverse – Finance Bitcoin NewsAnimoca Brands has announced the blockchain and cryptocurrency-focused firm has raised $358.8 million to bolster Web3 , NFTs, and the metaverse. I’m so excited now I can at least pay my bills and take good care of my family. Thanks you Mr victor_griffin_ for you have brought happiness to me and my family thanks once again victor_griffin_ I never knew I would be what I'm today after so much suffering, I saw a post about your platform and I took a step to try if it's going to work, I just want to share your good work and let the world know how great and responsible you are victor_griffin_ What is the “open metaverse” Facebook?

Brief Introduction to Beacons, the Building Blocks for Web3 Data Connectivity | HackerNoonThe weakness in the traditional decentralized oracle model is that the assumption that powering a service through multiple nodes or APIs makes it decentralized

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Brief Introduction to Beacons, the Building Blocks for Web3 Data Connectivity | HackerNoonThe weakness in the traditional decentralized oracle model is that the assumption that powering a service through multiple nodes or APIs makes it decentralized

Blockchain Firm Animoca Brands Raises $358 Million to Enhance Web3 and the Metaverse – Finance Bitcoin NewsAnimoca Brands has announced the blockchain and cryptocurrency-focused firm has raised $358.8 million to bolster Web3 , NFTs, and the metaverse. I’m so excited now I can at least pay my bills and take good care of my family. Thanks you Mr victor_griffin_ for you have brought happiness to me and my family thanks once again victor_griffin_ I never knew I would be what I'm today after so much suffering, I saw a post about your platform and I took a step to try if it's going to work, I just want to share your good work and let the world know how great and responsible you are victor_griffin_ What is the “open metaverse” Facebook?

Web1 ? This is typically identified as the internet (1991 and 2004) that consisted of static content websites in text or image format without much interactivity. The first generation of Web 1.0-era websites was limited to passively viewing the content, like a read-only document/page. What Is Web2? Web 2.0 , is commonly identified as the interactive and social web. While the previous version of the internet was mainly populated by developers who were the leading players in creating content, Web2 typically consists of applications conceived to allow anyone to be a creator easily. User-generated content, ease of use, interactive culture, direct user participation, and interoperability (compatibility with other products, systems, and devices) for end-users are the main features of Web2. For the first time, anyone could create any type of content, upload a video or photos, write and publish books, comment on people’s posts and allow millions of people to see it. Social media networks were born and will remain protagonists of the world wide web for years to come. Innovative user-friendly experiences allow a new way of communicating. Businesses that provide information and communication platform started to flourish in exchange for consumers' personal data. YouTube, Facebook, and Twitter are only a few of the most popular and successful companies of the Web2 era. The dynamic web with more social and cooperative interaction was welcomed everywhere on the Earth. It came with a trade-off though, the supply of personal and confidential data in exchange for direct participation in the network. How Do These Apps Make Money? Initially, after launch, a web application service aims at onboarding as many users as possible by building a helpful program that is also very easy to use. Like every business that needs to grow and thrive, the app will have to start generating some revenue. This happens by attracting investors and/or by selling consumers’ personal data. The intervention of venture capital often jeopardizes the autonomy of the service because investors need to see a return on investment which is usually at the expense of quality and integrity. Security and Privacy Issues Unfortunately, allowing personal data usage incurs another major problem: data breaches, typical of centralized networks that rely on a single point of failure. Web2 history is full of infringements that it’s fair to assume that everyone’s personal data has been violated at some point. Consumers have no control over their information; how it is used and stored. Centralized servers also make it easy for governments to interfere, control, or shut down applications as they believe appropriate. What Is Web3? Web3 is regarded as the next-generation internet, where everything that could be done in Web2 can still be done but in a decentralized manner. What Does This Mean and How Is It Rolled out? We’ve highlighted Web2 centralization issues that might jeopardize the authenticity of systems and pose a risk to data security and consumers’ privacy. Web3 is supposed to resolve these issues through