What is Web3.0? What benefits can it bring? What is the connection between Web 3.0 and blockchain?

What is Web3.0? What benefits can it bring? What is the connection between Web 3.0 and blockchain?

There are many friends in the previous comments and messages who hope to better understand web3.0. 

In this issue, let us discuss related topics of web3.0. Simply put, Web 3.0 hopes to break the barriers of Internet giants and make user data information and value truly belong to itself, which is also in line with the characteristics of the Metaverse. 

Many people in the industry also regard Web 3.0 as the basis for the creation of the Metaverse, which has strong practical guiding significance and commercial value for the Metaverse. 

The Metaverse is a huge world full of potential. 

As the fundamental driving force for the creation and continuous growth of the Metaverse, Web3.0's development process also determines the time when the Metaverse will land. 

At present, Web3.0 does not only stay in the conceptual field, in fact, many related applications have been produced. 

The metaverse is not the focus of our discussion in this issue. 

In the following video about the follow-up of web3.0, I will mention what is the connection between web3.0 and the metaverse.

2020 is definitely an epoch-making year for the blockchain field. 

The explosion of DeFi has made more and more people pay attention to the concept of decentralization, which will also be the next frontier in the network. 

This movement of decentralization is Web 3.0. As we all know, our Internet has gone through the era of Web1.0 and Web2.0 before. 

Web1.0, the original Internet is just a web network, and Web2.0 has evolved into a social network, and users have begun to generate their own through social media. content, and what does it really mean for the coming Web 3.0 era? 

Why does web3.0 need blockchain technology?

First of all, Web1.0 can be understood as the first generation of the Internet. 

In the 1990s, computers were just popularized and the concept of the Internet was just emerging. 

At that time, the Internet was still very basic. It is completely passive reception of information. What is written on the website is what you see. 

In the era of Web 1.0, people get information from the Internet, but most of this information is read-only. 

Typical representatives of Web 1.0 are portal websites such as Sina and NetEase in China.

Then came the Web 2.0 era. Web 2.0 is also known as social networking, and the way you surf the Internet now is what Web 2.0 looks like. 

Users have changed from passively receiving information to being able to independently publish remarks and communicate with other users. 

The most popular short video platform now is a typical representative of Web2.0. 

People can live broadcast their own ideas, and users can like and comment, as well as interact and communicate online from time to time. Today, we are still in Web2. 

In the era of 0, it has shifted from the Internet to the mobile Internet, and entered the digital world from the real world, which has profoundly changed people's living habits. 

However, Web2.0 also has many shortcomings.

The first point is that Web2.0 data is stored in the central server, which has security risks. 

Web2.0 is managed by a central server, and user data is centrally stored and managed on the servers of large companies trusted by the majority of users. 

Data on servers is protected by firewalls, and system administrators are required to manage these servers and firewalls. 

If a hacker successfully invades or some force majeure factors, it is likely to cause data loss and bring heavy losses to customers. 

The second point is that Web2.0 user privacy is not guaranteed. Now we live in an era of interconnection. 

More and more devices, such as mobile phones, smart watches, and cars, are collecting our information all the time, connecting to the Internet, and storing our information in cloud servers. 

Of course, this is also a big Problems that must be faced in the data age. 

The third point is that Web 2.0 needs to rely on large platforms to build trust. Web2.0 has brought infinite convenience to our lives, but it needs to be built on a credible platform. 

Although it is convenient for our lives, the middlemen have huge profit margins, and the profits often come from users. And users don't get enough returns in this.

Finally, Web 3.0 is still difficult to define. 

It is based on Web 2.0 and can effectively solve these shortcomings of Web 2.0, so that the value of the Internet can ultimately be attributed to users, and blockchain technology is the driving force of Web 3.0. 

The reason why we say this is because the blockchain actually provides two core capabilities, namely, a fairer and more open way of participation, that is, openness in organizational form. 

And assets are settled by contract and circulated reliably and without barriers.

These two capabilities are based on various basic features of the blockchain. 

That is to say, using the blockchain as an underlying benefit distribution system can support the openness of organizational forms on top of the blockchain. 

Let the participating parties unconditionally trust the distribution method and reach a consensus on the distribution method. 

It can also ensure the reliable execution of the distribution of benefits. 

Therefore, the blockchain is very important for Web3.0, and it is the necessary infrastructure for Web3.0 applications.

Web3.0 will be more user-centric, so digital identity authentication and privacy protection as well as data verification and decentralization are the keys to its development. 

This has a natural fit with blockchain technology, and is one of the reasons why the blockchain is called the Internet of Value. 

In the context of the Internet of Value Web3.0, the underlying business logic of the Internet will also undergo fundamental changes. I

n the Web3.0 era, users do not need to create multiple identities on different centralized platforms as they do today, but can create a decentralized general digital identity system. 

Relevant user data can be stored in a distributed database, and only the user manages and authorizes what kind of identity information to carry out, ensuring the user's data ownership and value attribution, while protecting privacy and security, plus smart contracts, etc. 

Technology also facilitates fairer business models.

So what are the benefits of web3.0? First of all, the network is composed of many independent nodes. 

Even if one or two nodes are hacked, there are thousands of nodes that store safe and effective data. Even if a node crashes, the blockchain network can still function normally. 

Secondly, the decentralized network completely removes the middleman, no need to trust any company, no need to trust any third party, and the code is the law in the web3.0 world. 

Just trust the mathematical and computational principles that blockchains are built on. 

Again, the consensus mechanism of the blockchain does not require a centralized authority to make decisions. 

All nodes in the network that save data are driven by incentives and come together to make decisions together. 

Then the blockchain brought a new economic model to Web 3.0. 

No longer are companies with centralized servers like Google and Facebook and Amazon, etc. 

The blockchain imparts value to the network itself and the members of the community connected by the network through tokens. 

The last point is that in the future, there will be no need to store a lot of data on the server, and it will be easier and cheaper to deploy new servers.

In fact, one of the features of web 3.0 that has been said so much is decentralized operation and decentralized storage. 

The distributed storage of IPFS FIL is a typical representative in this regard. 

There is no concept of centralized storage in the Internet, which makes the Internet faster, more efficient and secure, and information cannot be tampered with. It is easier to protect our personal data after data encryption. 

In addition, all the data in Web3.0 is owned by the user himself, and the user has no right to use it without the user's authorization. 

At the same time, the user has the right to take a share of the revenue generated by the use of the data, and the user can enjoy the benefits of the token economy. 

The typical representative of the BAT token ecology in the Brave browser has done a good job in this regard.

The decentralized model can be applied to any part of the web ecosystem, including web hosting and storage as well as the domain name system and application and search capabilities. 

For example, decentralized storage has been a top priority in encryption for a long time. 

Users store data in the same way they use Dropbox or Google Drive today, but there is actually a distributed network on the back end, and the data is stored in the same way. stored there. 

Interestingly, anyone can become a storage provider and contribute storage space to the network.

In this case, it will be much more difficult for any centralized organization to block or control the flow of information on the Internet. 

And any agent that wants to mine and analyze user data will no longer have a single source to mine, but will need to retrieve data from potentially millions of storage locations – and sift through IP packets one by one. 

With this, web 3.0 changes the power imbalance created by the current centralized network and puts the power of information release back into the hands of individuals. 

And that's exactly how the internet pioneers originally conceived of the internet.

In short, Web 3.0 can provide services more safely and efficiently, and at the same time protect our personal privacy from being threatened. 

At present, Web 3.0 has not been widely popularized. With the continuous development of blockchain applications, 

Web 3.0 will gradually in the future. It integrates into our life and brings us a more comfortable and safe Internet environment.