1 thought on “Web 3 comprehensive guide: the future of the Internet”
Raquel
Now, you may have heard the word "web3" more than once. It may be heard when I was working in the gym, or when I heard it during dinner, or it may be heard by my friend's roar of "why the dog currency should bring SpaceX to the moon!" All discussions about web3 may be a bit disturbing. After all, most of us have not really adapted to the new rules created by social media in Web2, so we just think that there will be an updated version of the network soon, and this idea will be overwhelmed. Here, we need to define the next definition of web3 to interpret what the next stage of this so -called Internet is. . Before we start, it is important to note that web3 is still in its infancy. It is developing rapidly and will continue to develop for a long time. However, although the entire influence and final form of web3 will not be realized quickly, we do have the most essential understanding of its basic principles. In a word, it is centered on the ecosystem of a technical project. In order to accurately understand the meaning of these concepts and why they are so important for web3, we may wish to review the trajectory of the development of the Internet. Discussing the history of the Internet will make us know where we are going. So far, the Internet has two iterations. Web 1.0 and Web 2.0. Web 1.0 is the dinosaur era of the Internet, with time span from the mid -1980s to early 21st century. It was born in 1973, when DARPA) began to study protocols that allow computers to communicate on distributed networks. For unfamiliar people, the protocol is a standardized and pre -determined rule to allow the connected devices to communicate with each other on the Internet. The earliest online version is decentralized, which means that it is built on a series of free use open protocols. Unlike the proprietary agreement, the open agreement cannot be owned by the concentrated authority, nor is it limited to the products of a specific company. Many of these early network protocols, such as HTTP (network), SMTP (email), and FTP (file transmission), are the basis of modern Internet applications we know and love. During the web 1.0 period, the Internet is mainly composed of pages connected to a series of hyperlinks. There is no additional visual effect or comment window, as we see when we use the Internet today. Internet users are just passive recipients of information and cannot interact or respond. that is an era of "only read". The main purpose of the website owner is to spread information to as many readers as possible, rather than actively interact with the visitors. When websites like IMDB were just born, the webpage was just a bunch of links, which was almost all of the Internet. Over the past two decades, we have been living in Web 2.0. Its characteristics are not technical changes. It originated from our changes in Internet usage. Web 2.0 is an interconnected version, which can create, share and publish content. Ordinary people are no longer a passive observer. On the contrary, everyone is playing a positive role. Ite what this means, e -commerce stores in the web1.0 era are just a long string of product names and prices. Readers scan them, and then they go to physical stores to buy. In Web 2.0, users can use e -commerce websites to pay, track their orders, publish comments, request refund, and so on. In fact, the Web 2.0 website has been actively encouraging users to participate, thereby increasing user participation. Refer to Facebook's favorite button or their notification system. Both are to attract readers like, comment or participate in other ways. Google and Amazon also encouraged users to leave comments in similar ways. Sadly, web 2.0 is largely described and defined by these intermediaries. In order to find a company or brand, people rely on Google to search. To find interesting artists, people rely on Instagram or Spotify. In order to find goods, people rely on Amazon. At a glance, using Web 2.0 is inseparable from the platform of the network giants. It, like Google, Spotify, Amazon, Facebook, and the famous platforms of all other web 2.0, are centralized data aggregates. They are intermediaries between suppliers and consumers. In the process, almost all values were obtained in the form of data and money. The multi -noodle platforms mainly create value by realizing direct interaction between groups, and rise with the popularity of Web 2.0. In fact, they are now dominant in the global economy and are one of the most profitable companies in the world. This is also accompanied by some problems. In the end, these platforms are completely driven by interests, which makes direct interaction between groups more difficult. Therefore, intermediaries are more like a roadblock, not a way. Let's take Facebook as an example. Now Facebook is an intermediary, which determines when users and companies interact and participate. The same is true of Google's advertising platform and Amazon's specialty products.
In web 2.0, these intermediaries have all their powers. They have all our data and determine what we can do on the Internet and what we cannot do, and retain the right to close our access to the platform at any time. No matter where you belong to the political route, you have seen the power of these intermediaries, such as the Twitter account of former US President Trump. This agencies also decide who we can interact with, when to interact, and sell our time and attention to the highest advertisers. Finally, if this is not enough, most tools and services we use on the Internet are concentrated through Amazon's AWS cloud computing services and other places. Nearly one -third of the Internet runs through AWS. What is web3.0? It after web 2.0, it is called Web 3.0 until Gavin Wood created "Web3" around 2014. Regardless of whether it is good or bad, this short name persists. In short, web3 is to eliminate all problems in Web2.0. The focus of this generation of Internet is to transfer power from large technology companies to the individual users. As mentioned at the beginning, the core of the web3 is an ecosystem of decentralization, no trust, no promotion, and interoperable technology products. It's time to explain what this means. web3 does not rely on a single centralized server, but is built on the encrypted network of blockchain drive, so that data can be stored on distributed devices (also known as "nodes") that can be stored around the world. In the end, these distributed devices can be anything, such as computers, laptops, and even larger servers. They are the framework of the blockchain to communicate with each other to realize the storage, dissemination and preservation of data without the need for a credible third -party endorsement. Due to these nodes, the blockchain provides an unchanged record -it is a decentralized ownership proof tool, which is different from what we saw before. With the development of Web 2.0, we have no choice but we can only hand over our data to large technology giants such as Google and Facebook. We have no choice but to rely on AWS to provide many of our tools and services. Even further, we need to believe that these data will be used in these aspects. As we see in the Cambridge Analysis Company's scandal, our data is easily used to deal with us, which may have global social and political influence. The questions like this are why our data and identity are also called "self -sovereign identity", which is more important than ever. The authority of autonomy is achieved through Metamask (for Ethereum and ETH compatible blockchain) or Phantom (for digital wallets such as Solana blockchain). It is a bit like the "wallet" in the real world. As your web3 identity, digital wallets securely save your currency and data. This wallet is interoperable, which means that it can be seamlessly carried on the Internet and works with various products and systems to allow you to choose which decentralized applications can access your property. In addition, all transactions and interactions on the blockchain are uncommon, which means that they can complete the approval of third parties that they need to be trusted. Today, individuals must use their Facebook or Google login to access many online applications, which forces them to hand over their data. But in Web3, individuals will have their own identity. By using the blockchain to replace third parties, web3 has opened a new business model and value chain, and centralized intermediary agencies are no longer favored. In the end, web3 recaptured power from the middleman and returned it to individuals. In fact, we have seen this on the NFTS (irreplaceable tokens). The artists, musicians and other creators have recently started trying to get most of their income from their works. This can be largely attributed to the function of smart contracts. Smart contracts are scheduled protocols programming to the blockchain. Once the specified clause is met, it will be automatically executed. Specifically, through NFTS, smart contracts allow the secondary version of the tax structure, which means that the creator can get compensation every time the work is exchanged in the open market. Due to the fundamental change of the value chain, the creator's income has more income than ever, and slowly changed the painful real stereotype of the "hungry artist". What is the role of DAO in web3? With this new value chain, web3 has bred a new economic organization. Decentralized Autonomous Organization (DAO) is a core function of the entire web3 space interaction. As Linda Xi explained, DAO is a group of people organized around a task, "coordinating through a set of sharing rules performed on the blockchain". The main advantage of DAO is that unlike traditional companies, the blockchain provides DAO with complete transparency. Anyone can see and analyze all the actions and funds of DAO. This transparency greatly reduces the risk of corruption and prevents important information from being reviewed. It also ensures that DAO insists on its promise. This is because, like NFT, DAO also runs on smart contracts. As long as certain conditions are met, a action can be triggered. For example, in the case of DAO, smart contracts can ensure that a certain number of approval tickets are promulgated automatically. I is different from the top-down organization (almost all companies or non-profit organizations). DAO operates with a flat-level structure, allowing all members to speak in the key decisions that affect a wider group- -Not just the main shareholders. . More importantly, DAO is easier to enter for ordinary people, because the threshold for entering is not so high. Generally, only institutions that are allowed to invest in one project in the early stage to obtain most financial returns-they have huge resources and a broad relationship network. DAO is not. They can participate globally, and the cost is much lower. The cryptocurrency projects can also be regarded as DAO, because many of them are managed by decentralized governance forms, and token holders vote for the future of the project. So far, DAO has been used for crowdfunding projects, governing the community, and even trying to buy the US constitution. Although the words "web3" and "metaverse" are often used alternately, they are different. This universe is defined as a mixture of the physical world and the virtual world. The supporters of the Yuan universe believe that such a future is inevitable, and one day humans will spend most of the time in a world that enhance in some way. This idea has recently gained a great attraction, because Mark Zuckerberg, the founder of Facebook, renamed his social media company "Meta", which was a great bet on the Yuan universe. web3 is a decentralized Internet version, which has nothing to do with enhanced physical reality. Although many web3 protocols, such as NFT or point -to -point cryptocurrency transactions, may be used in the future Metaverse, web3 is not Metaverse. Despite this, web3 has more serious problems. First of all, major changes bring major risks. One of the best parts of the web3 is that you have complete ownership of your own data. This is also the worst part. Web3 space is still a wild west to a large extent, full of bad actors. Because you do not rely on centralized authoritative agencies, you must fully ensure your data and currency security. This means that we must pay attention to the safety of wallets, constantly be alert to the online fishing plan, and never leak your seed phrases (help words). is crucial. In short, in Web3, it is not a common truth in web3. You first need to trust yourself. This also has scalability. Although few people think that decentralization is a bad thing in itself, it is precisely because of decentralization that the transactions on Web3 will be slower. Change needs to be treated by miners and spread throughout the network, which takes time. It is GAS, which is the cost of using the world's most popular blockchain-Ethereum blockchain. Specifically, "GAS" is the cost of successful blockchain trading. These expenses can soar to hundreds of dollars per transaction during the peak. Then there is a problem of decentralization. Although the blockchain may be decentralized, many Web3 services that use blockchain are currently controlled by a small number of private companies. And people have reason to worry that industries that appear to support decentralized networks are highly integrated. In fact, this is far from a detailed list of concerns. However, as mentioned earlier, web3 is still in its infancy, and many developers are actively working to solve the current problems. Therefore, web3 is imagined to be the next stage of the Internet. This is a decentralized and privacy -oriented Internet era. Users have their own data, and profits are transferred from centralized intermediary agencies to creators and their communities. If the developers who solve the current problems are successful, we may enter Web 3.
Now, you may have heard the word "web3" more than once. It may be heard when I was working in the gym, or when I heard it during dinner, or it may be heard by my friend's roar of "why the dog currency should bring SpaceX to the moon!"
All discussions about web3 may be a bit disturbing. After all, most of us have not really adapted to the new rules created by social media in Web2, so we just think that there will be an updated version of the network soon, and this idea will be overwhelmed.
Here, we need to define the next definition of web3 to interpret what the next stage of this so -called Internet is.
. Before we start, it is important to note that web3 is still in its infancy. It is developing rapidly and will continue to develop for a long time. However, although the entire influence and final form of web3 will not be realized quickly, we do have the most essential understanding of its basic principles. In a word, it is centered on the ecosystem of a technical project.
In order to accurately understand the meaning of these concepts and why they are so important for web3, we may wish to review the trajectory of the development of the Internet. Discussing the history of the Internet will make us know where we are going.
So far, the Internet has two iterations. Web 1.0 and Web 2.0. Web 1.0 is the dinosaur era of the Internet, with time span from the mid -1980s to early 21st century. It was born in 1973, when DARPA) began to study protocols that allow computers to communicate on distributed networks. For unfamiliar people, the protocol is a standardized and pre -determined rule to allow the connected devices to communicate with each other on the Internet.
The earliest online version is decentralized, which means that it is built on a series of free use open protocols. Unlike the proprietary agreement, the open agreement cannot be owned by the concentrated authority, nor is it limited to the products of a specific company. Many of these early network protocols, such as HTTP (network), SMTP (email), and FTP (file transmission), are the basis of modern Internet applications we know and love.
During the web 1.0 period, the Internet is mainly composed of pages connected to a series of hyperlinks. There is no additional visual effect or comment window, as we see when we use the Internet today. Internet users are just passive recipients of information and cannot interact or respond.
that is an era of "only read".
The main purpose of the website owner is to spread information to as many readers as possible, rather than actively interact with the visitors. When websites like IMDB were just born, the webpage was just a bunch of links, which was almost all of the Internet.
Over the past two decades, we have been living in Web 2.0. Its characteristics are not technical changes. It originated from our changes in Internet usage. Web 2.0 is an interconnected version, which can create, share and publish content. Ordinary people are no longer a passive observer. On the contrary, everyone is playing a positive role.
Ite what this means, e -commerce stores in the web1.0 era are just a long string of product names and prices. Readers scan them, and then they go to physical stores to buy. In Web 2.0, users can use e -commerce websites to pay, track their orders, publish comments, request refund, and so on. In fact, the Web 2.0 website has been actively encouraging users to participate, thereby increasing user participation. Refer to Facebook's favorite button or their notification system. Both are to attract readers like, comment or participate in other ways. Google and Amazon also encouraged users to leave comments in similar ways.
Sadly, web 2.0 is largely described and defined by these intermediaries.
In order to find a company or brand, people rely on Google to search. To find interesting artists, people rely on Instagram or Spotify. In order to find goods, people rely on Amazon. At a glance, using Web 2.0 is inseparable from the platform of the network giants.
It, like Google, Spotify, Amazon, Facebook, and the famous platforms of all other web 2.0, are centralized data aggregates. They are intermediaries between suppliers and consumers. In the process, almost all values were obtained in the form of data and money.
The multi -noodle platforms mainly create value by realizing direct interaction between groups, and rise with the popularity of Web 2.0. In fact, they are now dominant in the global economy and are one of the most profitable companies in the world. This is also accompanied by some problems.
In the end, these platforms are completely driven by interests, which makes direct interaction between groups more difficult. Therefore, intermediaries are more like a roadblock, not a way. Let's take Facebook as an example.
Now Facebook is an intermediary, which determines when users and companies interact and participate. The same is true of Google's advertising platform and Amazon's specialty products.
In web 2.0, these intermediaries have all their powers. They have all our data and determine what we can do on the Internet and what we cannot do, and retain the right to close our access to the platform at any time. No matter where you belong to the political route, you have seen the power of these intermediaries, such as the Twitter account of former US President Trump.
This agencies also decide who we can interact with, when to interact, and sell our time and attention to the highest advertisers. Finally, if this is not enough, most tools and services we use on the Internet are concentrated through Amazon's AWS cloud computing services and other places. Nearly one -third of the Internet runs through AWS.
What is web3.0?
It after web 2.0, it is called Web 3.0 until Gavin Wood created "Web3" around 2014. Regardless of whether it is good or bad, this short name persists. In short, web3 is to eliminate all problems in Web2.0. The focus of this generation of Internet is to transfer power from large technology companies to the individual users.
As mentioned at the beginning, the core of the web3 is an ecosystem of decentralization, no trust, no promotion, and interoperable technology products. It's time to explain what this means.
web3 does not rely on a single centralized server, but is built on the encrypted network of blockchain drive, so that data can be stored on distributed devices (also known as "nodes") that can be stored around the world. In the end, these distributed devices can be anything, such as computers, laptops, and even larger servers. They are the framework of the blockchain to communicate with each other to realize the storage, dissemination and preservation of data without the need for a credible third -party endorsement.
Due to these nodes, the blockchain provides an unchanged record -it is a decentralized ownership proof tool, which is different from what we saw before.
With the development of Web 2.0, we have no choice but we can only hand over our data to large technology giants such as Google and Facebook. We have no choice but to rely on AWS to provide many of our tools and services. Even further, we need to believe that these data will be used in these aspects. As we see in the Cambridge Analysis Company's scandal, our data is easily used to deal with us, which may have global social and political influence.
The questions like this are why our data and identity are also called "self -sovereign identity", which is more important than ever.
The authority of autonomy is achieved through Metamask (for Ethereum and ETH compatible blockchain) or Phantom (for digital wallets such as Solana blockchain). It is a bit like the "wallet" in the real world. As your web3 identity, digital wallets securely save your currency and data.
This wallet is interoperable, which means that it can be seamlessly carried on the Internet and works with various products and systems to allow you to choose which decentralized applications can access your property. In addition, all transactions and interactions on the blockchain are uncommon, which means that they can complete the approval of third parties that they need to be trusted.
Today, individuals must use their Facebook or Google login to access many online applications, which forces them to hand over their data. But in Web3, individuals will have their own identity. By using the blockchain to replace third parties, web3 has opened a new business model and value chain, and centralized intermediary agencies are no longer favored. In the end, web3 recaptured power from the middleman and returned it to individuals.
In fact, we have seen this on the NFTS (irreplaceable tokens).
The artists, musicians and other creators have recently started trying to get most of their income from their works. This can be largely attributed to the function of smart contracts. Smart contracts are scheduled protocols programming to the blockchain. Once the specified clause is met, it will be automatically executed. Specifically, through NFTS, smart contracts allow the secondary version of the tax structure, which means that the creator can get compensation every time the work is exchanged in the open market.
Due to the fundamental change of the value chain, the creator's income has more income than ever, and slowly changed the painful real stereotype of the "hungry artist".
What is the role of DAO in web3?
With this new value chain, web3 has bred a new economic organization. Decentralized Autonomous Organization (DAO) is a core function of the entire web3 space interaction. As Linda Xi explained, DAO is a group of people organized around a task, "coordinating through a set of sharing rules performed on the blockchain".
The main advantage of DAO is that unlike traditional companies, the blockchain provides DAO with complete transparency. Anyone can see and analyze all the actions and funds of DAO. This transparency greatly reduces the risk of corruption and prevents important information from being reviewed. It also ensures that DAO insists on its promise. This is because, like NFT, DAO also runs on smart contracts. As long as certain conditions are met, a action can be triggered. For example, in the case of DAO, smart contracts can ensure that a certain number of approval tickets are promulgated automatically.
I is different from the top-down organization (almost all companies or non-profit organizations). DAO operates with a flat-level structure, allowing all members to speak in the key decisions that affect a wider group- -Not just the main shareholders.
. More importantly, DAO is easier to enter for ordinary people, because the threshold for entering is not so high.
Generally, only institutions that are allowed to invest in one project in the early stage to obtain most financial returns-they have huge resources and a broad relationship network.
DAO is not. They can participate globally, and the cost is much lower.
The cryptocurrency projects can also be regarded as DAO, because many of them are managed by decentralized governance forms, and token holders vote for the future of the project. So far, DAO has been used for crowdfunding projects, governing the community, and even trying to buy the US constitution.
Although the words "web3" and "metaverse" are often used alternately, they are different.
This universe is defined as a mixture of the physical world and the virtual world. The supporters of the Yuan universe believe that such a future is inevitable, and one day humans will spend most of the time in a world that enhance in some way. This idea has recently gained a great attraction, because Mark Zuckerberg, the founder of Facebook, renamed his social media company "Meta", which was a great bet on the Yuan universe.
web3 is a decentralized Internet version, which has nothing to do with enhanced physical reality. Although many web3 protocols, such as NFT or point -to -point cryptocurrency transactions, may be used in the future Metaverse, web3 is not Metaverse.
Despite this, web3 has more serious problems.
First of all, major changes bring major risks. One of the best parts of the web3 is that you have complete ownership of your own data. This is also the worst part. Web3 space is still a wild west to a large extent, full of bad actors. Because you do not rely on centralized authoritative agencies, you must fully ensure your data and currency security. This means that we must pay attention to the safety of wallets, constantly be alert to the online fishing plan, and never leak your seed phrases (help words). is crucial.
In short, in Web3, it is not a common truth in web3. You first need to trust yourself.
This also has scalability. Although few people think that decentralization is a bad thing in itself, it is precisely because of decentralization that the transactions on Web3 will be slower. Change needs to be treated by miners and spread throughout the network, which takes time.
It is GAS, which is the cost of using the world's most popular blockchain-Ethereum blockchain. Specifically, "GAS" is the cost of successful blockchain trading. These expenses can soar to hundreds of dollars per transaction during the peak.
Then there is a problem of decentralization. Although the blockchain may be decentralized, many Web3 services that use blockchain are currently controlled by a small number of private companies. And people have reason to worry that industries that appear to support decentralized networks are highly integrated.
In fact, this is far from a detailed list of concerns. However, as mentioned earlier, web3 is still in its infancy, and many developers are actively working to solve the current problems.
Therefore, web3 is imagined to be the next stage of the Internet. This is a decentralized and privacy -oriented Internet era. Users have their own data, and profits are transferred from centralized intermediary agencies to creators and their communities. If the developers who solve the current problems are successful, we may enter Web 3.