Web3

Easily explained web3. What`s new and how will this affect you, and your business if you have one. We are all affected to this cosmic and technological change in one way or the other.

Web3 containes of totally new protecols,decentralization and blockchain technology, and token-based economics, cryptocurrency. The consept of web3 was first represented in 2013.

To understand the different world wide webs and how they have evolved, I want to take you back to the beginning. The initial start of Berners-Lee’s creation, now known as ‘Web 1.0’, occurred roughly between 1990 and 2004. Web 1.0 was mainly static websites owned by companies, and there was close to zero interaction between users – individuals rarely produced content – leading to what is known as the read-only web.

In 1989, at CERN, Geneva, Tim Berners-Lee was busy developing the protocols that would become the World Wide Web. His idea? To create open, decentralized protocols that allowed information-sharing from anywhere on Earth.

The Web 2.0 period began in 2004 with the emergence of social media platforms. Instead of a read-only, the web evolved to be read-write. Instead of companies providing content to users, they also began to provide platforms to share user-generated content and engage in user-to-user interactions. As more people came online, a handful of top companies began to control a disproportionate amount of the traffic and value generated on the web. Web 2.0 also birthed the advertising-driven revenue model. While users could create content, they didn’t own it or benefit from its monetization, the big company`s did. This is platforms as Facebook, Tinder, TikTok, Pintrest, Snapchat, Instagram and more.

Web3 will bring a lot of changes as everyone is owner of heir own Active Directory (DAO`s – a pool of resourses). Les mer

With that it means that you can have access to all and generete your own blockchain traffic.

What is relly good with this web3 and how it work is the Quantum unity it generates. Web3 has become a catch-all term for the vision of a new and better internet. At its core, Web3 uses blockchains, cryptocurrencies, and NFTs to give power back to the users in the form of ownership.

Ownership

Web3 gives you ownership of your digital assets in an unprecedented way. For example, say you’re playing a web2 game. If you purchase an in-game item, it is tied directly to your account. If the game creators delete your account, you will lose these items. Or, if you stop playing the game, you lose the value you invested into your in-game items.

Web3 allows for direct ownership through non-fungible tokens (NFTs). No one, not even the game’s creators, has the power to take away your ownership. And, if you stop playing, you can sell or trade your in-game items on open markets and recoup their value.

What is unique about the web?

Web3 is decentralized: instead of large swathes of the internet controlled and owned by centralized entities, ownership gets distributed amongst its builders and users.

Web3 is permissionless: everyone has equal access to participate in Web3, and no one gets excluded.

Web3 has native payments: it uses cryptocurrency for spending and sending money online instead of relying on the outdated infrastructure of banks and payment processors.

Web3 is trustless: it operates using incentives and economic mechanisms instead of relying on trusted third-parties.

Digital wallet:

Web2’s payment infrastructure relies on banks and payment processors, excluding people without bank accounts or those who happen to live within the borders of the wrong country. Web3 uses tokens like ETH to send money directly in the browser and requires no trusted third party. If you want to build a portofolio and have payment solutions its recommanded that you have digital wallets. There are diffrent platforms for this, or simle wallets alone. Many of the web3 banks also have digital wallets for cryptocurrency, trading and investment.