What is the difference between Web2 and Web3?

The Internet: You probably use it every day. It can no longer be ignored in our lives. What you may not do on a daily basis is think about the technology behind the Internet.

The web, since it was invented in the early 1990s, has many developments passed through. We are often not very aware of these developments, because they happen quite gradually. Right now there seems to be a drastic development again.

It might be a smart thing to do this time to consciously focus on this development. If it goes as the experts expect, this time you could win a lot of money.

We are talking about the transition from Web2 to Web3† This would be a form of web where the internet is much more decentralized and users have control and ownership of the web. But what exactly is Web3? And what is Web2 anyway? What are the differences between the two? And why should you care about developments? Read all that and more in today’s blog about the differences between Web2 and Web3!

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What is Web2?

Web2 is the name of the Internet, as we know it right now.† It’s the web we use today, where tech giants like Google, Facebook and Microsoft are in control and we can interact with the web.

To better understand what Web2 is, it’s good to first briefly consider what exactly Web1 is. Web1 is the first form of the web† It was ‘founded’ in the early 90’s and was a form of the internet where users could only view information. It was like an encyclopedia, but on a computer. I could only navigate from page to page and read the information on it. It was not interactive and very superficial. That doesn’t alter the fact that it was a very impressive development for the time, of course!

At that time, it wasn’t called Web1 yet, that only happened when the switch to Web2 happened. This happened around 2001. During the Web2 era, the Internet became increasingly interactive† In addition to clicking on the web, we were also able to add something, for example in the form of social networks. The Internet became a way for us to keep in touch with friends and family.

In addition to this, Web2 also has a number of other features, which some may not be huge fans of. You may be familiar with the saying:Where business is free, you are the product† The websites we use at Web2 collect data about us, which is sold for advertising space. Therefore, there would be much less privacy since the arrival of Web2. This also ensures that power is much more in the hands of a number of big parties, such as Google and Facebook.

These are traits that are often portrayed negatively, for example in the case of the 2016 US presidential election, where Cambridge Analytica used this data to advertise Trump in this campaign.

Now there would be a new form of the web, in which our data is no longer sold and the power is no longer in the hands of the big parties, but of the user† We are talking about Web3. If the enthusiasts are to be believed, this form of the web will completely change our lives again. But how? What is Web3?

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What is Web3?

With the development of Web3 we could, so to speak, take control of the web together† By ‘all together’ we mean users in this case. Power over the Internet would no longer be in the hands of a few big parties, but in the hands of the user.

You could, for example, see this reflected in what you see on platforms like Instagram or Facebook. Here, Meta primarily determines what you see, notably through algorithms, but also by selling ad space. When no one has power over what you see, you really decide what you see.

There is every chance that cryptocurrencies and blockchain will make a big contribution to Web3. Instead of being centrally regulated, as in Web2 (centrally as in: with the big parties in power), Web3 will be much more decentralized be be. Crypto and blockchain naturally fit this picture perfectly. Blockchain is also decentralized and it is also a ledger in which data can be stored.

Also, smart contract applications can be of great value for Web3 development. Smart contracts are fully digital contracts, consisting of computer code. Using smart contracts, certain processes can be carried out fully automatically, without anyone having to do anything.

With Web3, the Internet would handle the data at its disposal much more intelligently. This data could also be processed automatically and decentralized for the most part. Everyone can also contribute to the web, instead of everything being determined by the main parties on the web.

What are the differences between Web2 and Web3?

By now, I hope you understand what is Web2 and what is Web3. At the moment you could put most Internet applications on Web2, but we are already seeing the first Web3 applications emerge. In theory, Web2 and Web3 could coexist, but experts believe that we will see more and more transitions to Web3 in the coming years. All of this may sound very unclear to you, because what exactly are the differences between Web2 and Web3?

Today we are going to look at the two main differences between Web2 and Web3, namely the way data and ownership are distributed on the web.

data distribution

So the first big difference between the two forms of the web is the way data is distributed. As discussed a few times already, in Web2 the data in the hands of several major platforms† These are, for example, Google, Facebook and Amazon.

Because you use these platforms, they know a lot about you. For example, they know your name and your age, but they also know what you are interested in, for example. With this data they can do many different things and this ensures that they have a lot of power. For example, one thing they can do is sell this data to advertisers.

With Web3 this is completely different. There you don’t really use a platform, but a blockchain. Let’s compare Facebook with a Web3 solution. You have the DeSo (social decentralized) blockchain. This is a blockchain that makes social networking possible, but instead of using DeSo, you use an app built on top of it. As a result, neither party has control over your data, as this data is distributed in a fully decentralized manner.

web property

The DeSo example not only ensures that data is distributed in a decentralized manner, it also ensures that you determine what you see. While in Web2 Facebook determines how, for example, your Instagram feed looks like, you do it yourself in Web3 on DeSo. Here you simply choose a certain algorithm that you run on DeSo.

However, that’s not the only way web property forms differ between Web2 and Web3. Aside from the fact that you have more and more ownership over what your web experience will look like, it can actually help determine networks.

This could be done in the form of DAO. DAO means decentralized autonomous organization and it’s basically just a business way where a company can act for itself, and users determine the future of the company. This is done through governance tokens. When a user has 1 governance token, it is worth 1 vote. Users can then vote for specific proposals through a panel and thus directly participate in the decision-making process about the company and, in this case, the platform.

This can be a very big advantage. After Instagram took over from Facebook, the data was used to sell ads. This has not happened before. If Instagram had been a DAO, Instagram users could have voted against this development and it couldn’t happen.

You may be thinking, how can you build a successful business if users vote for everything? Without these ads, Instagram would probably never have been profitable. However, it is true that these users really have an interest in the growth of the company. These aforementioned governance tokens are tradable. As the company grows, the value of this governance token also increases as more people want it. In this way, users can earn money from the growth of the company.

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The future of the web

At the moment, Web3 is still in its infancy. This is partly because Web3, for example, because crypto wallets are often a part, is still quite inaccessible. Everything is very complicated for the usual Internet user.

However, when this threshold is lowered, there is certainly a chance that the experts are right and Web3 will experience tremendous growth. It could certainly be said that there are great advantages for the user of Web3, compared to Web2.

It is of course true that these are still advantages over paper at this point. There are still too few actual use cases and examples of Web3 projects to say for sure that Web3 will ever be as big as it is claimed. Time will tell

conclusion

The internet could be on the cusp of its biggest change yet, if the experts are to be believed. They await the change from Web2 to Web3.

Web2 is the Internet as we know it today. Here the ‘power’ over the web is in the hands of a number of major parties, such as Facebook, Google and Amazon. They determine what you see and also hold your data in their hands, which they sell for advertising space.

Therefore, Web3 is the form of the Internet that we can expect soon. The power here is not in the hands of anyone. Most of Web3 would act in a decentralized way. Therefore, the data is not in the hands of anyone here, since it is stored in a decentralized way. Also, no one can determine what you see, for example by algorithms, because you completely choose what you see on your screen.

There are many similarities between Web2 and Web3, but even more differences. The main differences can be seen in the way data is distributed and in the way what happens on the web is determined. Furthermore, we will most likely also see cryptocurrencies and blockchain play a significant role in how Web3 works. We still don’t know exactly how all this will work. In any case, these are very interesting news, which we will certainly be attentive to. We will keep you informed about this in the future!

Do you want to know more about Web3? Or do you want to hear examples of interesting Web3 projects? You are welcome in our AllesOverCrypto community on Facebook! You can also quickly find an answer to your question in our FAQ or by Googling your question + AllesOverCrypto.

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