The internet has come a long way since its humble beginnings. We’ve gone from black-and-white text on a green screen to full-color, high-definition images, and videos. But what’s next for the internet? Some say we’re on the brink of a new era that will be defined by decentralization, privacy, and security. It can be hard to keep up with everything and even harder to decide which changes are worth investing in. In this blog post, Covemarkets will look at web2 vs web3.
The Growth Of The Web: web 1 vs web 2 vs web 3
Web 1 (1990-2005)
Web 1.0, the earliest internet iteration, was created with businesses rather than users. Few people were aware of how to become proficient. Most important businesses hire computer specialists to administer the internet and carry out its use for the benefit of their personnel. It’s important to note that the users were billed following how many pages they viewed. Google, Yahoo, LiveJournal, and MySpace are a few instances of Web 1.
In a nutshell, Web 1.0 was a content delivery network (CDN) that allowed visitors to websites to view static material without having the opportunity to post their own comments or ideas. The dot-com boom spurred several web businesses from 1995 to 2000.
We should now advance to the internet’s second generation, which is now widely used. Web 2.0 has completely changed the web and the industries that support it. Thanks to this web version, users can gather, produce, and distribute massive volumes of data with just one click. Every day, the app store for smartphones adds hundreds of new apps. Additionally, phones come with an integrated camera that today’s true Web 1 cameras could not manufacture.
The ability for users to produce content and share it across internationally social networks is Web 2.0’s strongest feature. Web 2.0 platforms include social media sites like Facebook and Instagram and other video streaming programs, blog posting, podcasts, and social bookmarking. Another notable characteristic is the ease with which music and video clips are exchanged during this time. The largest web 2 companies include Meta, Amazon and Netflix.
Web3 (fast approaching)
The newest and most talked-about generation of the internet is called Web 3.0. The third iteration, built on complex software tools like artificial intelligence, will enter the warriors’ arena after 2.0. It strives to offer a reliable, data-driven user interface that accommodates all users. Web3 is anticipated to use the Semantic Web, Blockchains, and Metaverse.
Users will likely be perplexed because Web 2.0 already has most of Web 3’s features. What then is novel about it?
Yes, the modern internet generation already has some of these characteristics, and more are quickly joining them, but there’s more to it than that. The 3.0 version is evolving due to the growing use of blockchain technology across several apps and websites.
Web 3.0 is based on decentralization, which is the primary distinction between web 2.0 and web 3.0. Users will be fully in charge of how they use the internet and own all of their content. More information regarding disparities will become clear as we read the piece.
You Have A Vision: Web 2.0 vs Web 3.0
Benefits Of Web2
Now, let’s look at some benefits of Web 2.0:
- Using Web 2.0 does not require permission. It is accessible to everyone at any time from any place.
- With just one click, it provides a huge variety of information.
- It is simple to navigate this online stage.
- It is capable of searching lately appeared information and data.
- It can quickly do multilingual information searches.
- Social media platforms allow users to share content that is happening across the world.
- Additionally, Web 2.0 enables users to update inaccurate information.
- It makes it easier for people to communicate with one another via email and other services.
- Additionally, Web 2.0 enables the sharing of files or papers with loved ones.
- The best, most affordable, and simple method for advertising businesses online.
- One can share high-quality videos, pictures, and a wealth of information by staying at home.
- In addition to providing real-time discussion, it may create vibrant learning communities.
Disadvantages Of Web2
Web 2.0 has certain drawbacks as well. Let’s examine:
- Although not always the case, Web 2.0 takes a while to show search results.
- Additionally, the results’ translation can occasionally be subpar.
- It’s possible to get the wrong information.
- Without their website or email address, you can’t contact them.
- You may occasionally experience a lack of privacy.
- Fraud, spam, and malware attacks are possible.
Benefits Of Web3
Because of Ethereum’s inherent decentralization, many Web3 developers have opted to create dapps:
- Anyone connected to the network is authorized to use the service. Therefore authorization is not necessary.
- You cannot be blocked or denied access to the service by anyone.
- Payments are integrated using ether, the native token (ETH).
- Because Ethereum is Turing-complete, you can essentially program anything.
Disadvantages Of Web3
Web3 currently has some restrictions:
- Scalability: Due to its decentralized nature, web3 transactions take longer to complete. A miner must process and spread changes to state, like a payment, throughout the network.
- UX – Using web3 applications may require additional processes, software, and training. Adoption may be hindered by this.
- Accessibility – Most users find web3 less accessible due to its lack of integration in contemporary web browsers.
- Cost: Because it’s pricey, most well-known dapps only post a very small amount of their code on the blockchain.
What are the Features of Web2?
Through comments, evaluations, and reviews, users can categorize material together and keep up with the dynamic information shared between site users and owners, thanks to Web 2.0’s main features.
Let’s look at some further Web 2.0 features:
This web trend, known as social tagging, deviates from the traditional framework for categorization by allowing users to organize and categorize material on their own.
User Experience Rich
In web 2.0, the specialty product isn’t sold directly; instead, it’s provided as a service based on demand and revenue from pay-per-use and subscription fees.
Participation of Users
During this web phase, the user participates in content sourcing, often called crowdsourcing.
Many channels are used for content delivery, including file sharing and permalinks.
Reusing, sharing, editing, and redistributing content is permissible.
What Are The Features of Web 3.0?
Let’s talk about Web 3.0’s primary characteristics:
By combining this level’s natural language processing (NLP) with Web 3.0, computers may comprehend specifics just like people do to provide more relevant and expedient results. To satisfy the needs of the users, they get smarter.
Semantic metadata is responsible for the increased connectivity of information in this web phase. As a result, the user experience advances to a higher degree of connectedness that uses all the information available.
The Semantic Web is a component of Web3, which improves web technologies by generating, sharing, and linking content through analysis and search in accordance with the capability to grasp what the words are supposed to be, regardless of the quantity or keywords.
A user can use services anywhere thanks to the numerous apps that access content and the connected web and gadgets.
A 3D graphics
In web 3 technology, 3-dimensional design is used on websites and services, such as e-commerce, video games, geospatial settings, museum guides, etc.
What’s The Difference Between Web2 and Web3 Architecture?
Who owns the material that differentiates Web2 and Web3 the most (data and apps)?
We study the client and server architecture in the Skiplevel program’s Infrastructure & Apps module. The fundamental structure of Web2 is a client-server connection, in which we (also known as clients) access data stored on servers owned by businesses (mainly Big Tech).
By developing some backend code and uploading it to a server, which is often hosted by cloud computing providers like AWS or Google Cloud, we can currently construct apps using Web2. In exchange for our data, the companies who hold the apps and/or cloud computing services grant access and have the right to revoke that access by internal and/or political regulations.
However, with Web3, by contributing to the development and upkeep of the services, we, the users, might turn into shareholders of an app and its data. A dapp, also known as a decentralized app, is an application created on the Web3 network. Backend code for Web3 applications is embedded in smart contracts, and blockchain-based programs. After that, the blockchain is shared and kept on a peer-to-peer network of computers that are not owned by any one organization.
During the heyday of decentralized peer-to-peer file transfering, Web3 can be compared to Napster. Like Napster, Web3 makes a copy of the data available to users on various servers through a peer-to-peer network.
Since multiple entities own (have copies of) an app and its data, this peer-to-peer technology totally decentralizes the web. This means there are numerous sources from which to access a dapp and its data and that Web3-based dapps are not gated behind a single middleman.
Centralization Vs Decentralization
- Low network diameter (all participants are linked to a central authority); information spreads swiftly because a central authority with lots of computer power handles information transmission.
- Usually easier to build and higher performing (greater throughput, less total computational resources used).
- Conflicting data can be resolved straightforwardly by recognizing the central authority as the final arbiter of truth.
- Single point of failure: By attacking the central authority, bad actors may be able to bring down the network.
- Network participant coordination is considerably simpler and is managed by a central authority. With little resistance, a centralized authority can force network users to adopt upgrades, protocol changes, etc.
- Data can be restricted by a central authority, perhaps preventing certain network segments from communicating with other network segments.
- The central authority has control over social network participation.
- The network’s farthest players could be located far apart along multiple edges. It could take a while for information transmitted from one side of the network to reach the other.
- Usually more difficult to build and lower performance (lower throughput, more overall computational resources used)
- If peers disagree about the state of the data that participants are supposed to be synchronized on, a mechanism (typically complicated) is required for dispute resolution.
- No single point of failure: Network can continue to work even after being attacked or having a significant number of its members eliminated.
- Since no single agent has the final say in network-level choices, protocol changes, etc., coordination is frequently challenging. In the worst situation, where there are conflicts about protocol changes, networks are vulnerable to fracture.
- Since information can spread throughout a network in various ways, censorship is far more difficult.
There are no gatekeepers in the network; anyone can participate. In an ideal world, participation is free.
Please note that these are general trends and may not apply to all networks. Furthermore, no network is completely centralized or completely decentralized in actuality; instead, the degree of centralization or decentralization exists on a spectrum.
How Does Web3 Affect Me Versus Web2 Today?
- Any account or tweet can be censored on Twitter.
- According to the payment service, some forms of work might not be eligible for payments.
- The availability of servers for gig economy apps could impact worker pay.
- Web3 tweets would not be subject to censorship due to decentralized control.
- Web3 payment apps don’t need personal information and can’t stop payments.
- Web3 servers can never go down because its backbone is Ethereum, a decentralized network with thousands of computers.
This does not imply that every service must be transformed into a dapp. These illustrations highlight the key distinctions between web2 and web3 services.
Web 3.0 vs. Web 2.0: Which Is Better?
Web 2.0 applications like blogging, social media, bookmarking, and podcasting are fully interaction-based. We communicate with one another through comments and texts, and it’s simple to attach stuff (such as music and photographs) and share it with others.
Some apps, like Facebook, YouTube, Google, and Instagram, became well-known during the Web 2.0 era. The Social Web refers to the current web era.
Web 3.0 is a Semantic Web, which claims that we can use AI to understand the semantics of content on the web rather than looking for it based on numbers or keywords.
It would help machines comprehend and interpret information more like humans than other machines. Users should be able to find, combine easily, and exchange information thanks to the Semantic Web.
However, Web 3.0 has recently become far more popular than the Semantic web. Blockchain developers of Dapps use Web 3.0 to explain how to build apps with an open, decentralized architecture.
We know that AI, blockchains, cryptocurrencies, 3D graphics, VR, and AR are cutting-edge technologies and our future. The user experience on the web will be far more immersive thanks to Web 3.0. The web is currently in an executable stage where computers will analyze data similarly to how people do it to produce personalized content for users.
Although deploying Web 3.0 could seem difficult, the evidence indicates that it is superior to Web 2.0.
Why would someone utilize Web3?
Web3 is a set of JS libraries that enables local or remote user interaction with an Ethereum node. It provides an API that we may utilize to make interacting with the blockchain easier. Web3 functions as a JSON RPC wrapper to establish a connection to a nearby or distant Ethereum node using either an IPC connection or
Is Coinbase Web3?
It is a Web3 developer support platform introduced by the cryptocurrency exchange Coinbase.
Is Web3 really decentralized?
In contrast to Web2, which primarily stores data in centralized locations, Web 3.0 will provide access to connected data in a decentralized manner.
What is Web3 in its most basic form?
Web3, a vision for the future of the World Wide Web based on blockchain technology, incorporates ideas like token-based economy and decentralization.
How can I obtain Web3?
Almost any phone, PC, or tablet can browse Web 3.0. You must need Web 3.0 if you use a bitcoin wallet or trade cryptocurrencies.
You can use Web3 if you use certain streaming services or play online games. It’s possible that you’ve already used a web3 DApp without even realizing it.
Why is Web2 utilized?
Web2 websites enable users to cooperate and communicate with one another through social media as the creators of user-generated content in an online community.
Maybe you need to see more articles before investing:
- Hot Wallet Vs Cold Wallet: Which One You Should Choose For Your Crypto 2022?
- What is Metamask and Trust Wallet?
- Coinbase vs Binance: Which Crypto Exchange is Best?
In Web 3 vs Web 2 comparision, there is no one-size-fits-all answer when deciding whether web2 or web3 is the right choice for your business. However, understanding the key differences between the two can help you make an informed decision.
Web2 focuses more on content and community, while web3 focuses more on transactions and data. If your business is content-heavy, then web2 may be a better choice. However, if your business relies heavily on data and transactions, then web3 may be a better option.
Disclaimer: The information provided in this article is not investment advice from Cove Markets. Cryptocurrency investment activities are yet to be recognized and protected by the laws in some countries. Cryptocurrencies always contain financial risks.