Web 3.0 - Explained

Web 3.0 - Explained

I have some questions about these new and emerging hmmm tech?...🤔techs?

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Like I'm 5
·Nov 23, 2021·

6 min read

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Since humans figured the internet out to date, the internet has taken different forms and have evolved from what our founders used to know to what we currently have.

We may all agree that the internet has changed a lot and these changes matter; getting on board is essential, and what better way than getting acquainted with the basic terms associated with this new Web?

So, If you are reading this, then you're a lot like me. You, too, got tired of seeing these fancy words flying around on the internet, and like the curious cat that you are, you stumbled on this article, and you badly can't wait to understand these terms. This article will be the first of a series of articles to explain these technical terms to you in the simplest way possible.

This article is about Web3.0. You will understand if there were any Web 1.0, 2.0, then 3.0 and the differences, if any. This won't be an article to tell you how to get started, there are lots of resources for that already, I will add links to help you get started, but this article will help you get a hang of what Web 3.0 is about.

Let's get to it, then.🚀🚀🚀

Web 3.0 Explained

Before we learn about Web 3, I thought you may want to know if there was ever a web 1, 2, and maybe a Web 0(You get what I did there?🤪).

Yes, there is. There was a Web 1.0 and a Web 2.0. Let's look at these briefly.

  • Web. 1(1991-2004): This is understood to be the first days of the internet. In these early days, there were very few creators for the Web and a whole lot of content consumers. These were days when owning a computer was a privilege and managing storage and resources came with its share. The barrier to being a creator was high, and so the Web had very few creators and lots of consumers.

The content on the Web as of that time was static generated content compared to what we have today.

In summary, the web 1.0 era was a time when information was one-sided or read-only. Only website owners/creators could put things up on the websites, and the consumers just read and couldn't do anything about contributing or sharing their views.

  • Web. 2(2004-present): We live in the Web 2.0 era, though slowly progressing into the Web3 space. The Web 2.0 era is a time where we have more creators. And to be a creator, you don't need to be technical; all you had to do was flip open your WhatsApp and upload status in the form of texts or images. Or better still, log in to Twitter and make a tweet.

Web 2.0 gave us an era where we had more creators and lesser barriers to the internet. However, that came with a price. Big tech companies harvest your data and sell it to the highest bidder for ad space. This data is either sold out, customized to an ad and sold to you or be used to monitor you.

Web 2 looked so good till we started seeing that our data wasn't as safe, and in some cases, there were data breaches by these companies, the government, or anyone who decided to get access. And what's worse? These big companies control how information is shared. And when someone says something that these companies don't agree with? They shut your account down, block the content or do whatever they want.

Ok, that wasn't brief, but you must understand where these terms are coming from, so you prepare.

  • Web 3 is a group of projects backed by cryptocurrency working together to create decentralized internet services. This new internet solves the security and data problem and gives everyone the right to be a creator.

In web 2.0, you were the product. In web 3.0, you own your content and decide who gets access to your data/content. Usually, you'll create an account on Facebook, upload your photos, share opinions, and when you share something that goes against Facebook ' code of conduct', you get sanctioned. Your post gets taken down, you get blocked, or you lose access to the site's features.

Imagine if this happened to you on a business account.

However, with Web3.0, you can share something on the internet, and no one gets to restrict what anyone sees. This means that anyone can access whatever you share on the internet, and this data is not stored on one big tech company's data farm. Plus, no one is eavesdropping on you.

Does this mean anyone can post anything?

Yes.

uhmmmm, does that make any sense? what if someone shares harmful content, fake news, illegal content, or a leaked video?

via GIPHY

Uhmmmm, yeah, about that, we haven't figured out that part yet. But yeah, people get to post what they want and with no rules as to if it should be out or not. Good thing; people get to have opinions and share their truth. On the other hand, this could be disastrous, but what do I know?

Generally, With the new Web, data isn't owned; it is shared. But there is a hack; for this new internet to work, there is a need for developers or creators to build solutions that are scalable, easy to use, and don't use strange words like WAGMI or LFgggggg.

Hollup, what does that even mean?

  • WAGMI means We all Gonna Make it.
  • LFgggg means Let's f**king go.

Uhmmmm, don't ask me any more questions. I, too, googled those to share. Thanks😎

Yes, we do not know what the future of the new internet holds because it's still in its early stages, but we are trusting that this is a start towards something that everyone could trust and be a part of.


Getting started with Web3.0

To follow up on Web 3.0, here are links to resources to get started:

PS: As I learn and discover new resources, I will update this article.


In summary, this new Web will allow people to own identities that are not 100% linked to their real identities. With that identity, they can carry out transactions, share things online, and make use of the internet without being traced to their real identity.

This new freedom could be a whole lot of blessing, but the question is: is this not more of a blessing in disguise or a disguise as a blessing. Whichever way this unfolds, you already know the terms, so you'd be ready.

Finally, if you have added resources or links, please do not fail to share. Also if you have questions or ideas to make this series better, do not fail to (write to us)[] or shoot us a DM on (twitter.com/Like_am5)[Twitter].

 
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