In 1995 we had Web 1.0, where some people were debating the meaning of the @ symbol, while others were saying that all businesses would be on the internet by the year 2000. People were just surfing the web and visiting existing sites, and some providers service providers were trying to win more users online ( anyone remember when we got AOL CDs in the mail? ). By 1996, the first site for McDonald’s was created, and from then on, franchisees began to adopt Web 1.0.
With Web 2.0, users began to contribute to the web instead of just browsing it
Today, the major Web 2.0 platforms (such as Meta, Alphabet, and Amazon) own and control everything. Their centralized business model means that we (the users) receive free services while they (the platforms) can sell our privacy, information and attention to the France Phone Number Data highest bidder. To understand Web3 and decentralization, you will need to understand blockchain because it is the technology that lies at the heart of Web3.
Every site, platform, and business in Web 1.0 and Web 2.0 had a central database, and the owners of those platforms owned and controlled access to their platforms. However, blockchain (and Web3) decentralizes the database by sharing it with all the nodes in the network. In the case of Web3 there is no single database (it is completely transparent and incorruptible because it is completely visible to everyone).
Ultimately, blockchain means that users will not have to rely on trust. By way of example, when you use your bank’s portal to make payments or send a transfer to a friend, you trust your bank and that the institution’s database protects your privacy.
In the case of Web3, and thanks to the transparency of the blockchain, trust is no longer necessary.
We’re addicted to our phones, so imagine how addictive and transformative being able to fit the whole world onto them can be.
What is the semantic network? You’ll hear more and more about it in the future, and that’s precisely where the web really comes alive. Just like humans, machines will consume content.
Currently, there are thousands of cryptocurrencies on the market, of which Bitcoin is the largest. Cryptocurrencies allow people to interact outside the boundaries of financial systems, governments, and countries. It is a person-to-person payment. In the Bold Data future we will hear more and more about cryptocurrencies and micro payments. Bitcoin is also fungible, which means that each bitcoin has the same value.