Learn more about technologyandthefuture with this collection
The differences between Web 2.0 and Web 3.0
The future of the internet
Understanding the potential of Web 3.0
What is Web 3.0?
Web3 enhances the internet as we know it today with a few other added characteristics. Web3 is:
- Verifiable
- Trustless
- Self-governing
- Permissionless
- Stateful
- Native built-in payments
In Web3, developers don't build and deploy applications that run on a single server or that store their data in a single database (usually hosted on and managed by a single cloud provider).
Instead, Web3 applications either run on blockchains, decentralized networks of many peer to peer nodes (servers), or a combination of the two that forms a cryptoeconomic protocol .
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3.85K reads
MORE IDEAS ON THIS
How to Build on Web3
How to Get Into Ethereum, Crypto, and Web3 as a Developer – This is an introduction to the space in general, coming from a developer, for developers looking to break into the industry.
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2.09K reads
Native payments
Tokens also introduce a native payment layer that is completely borderless and frictionless. Companies like Stripe and Paypal have created billions of dollars of value in enabling electronic payments.
These systems are overly complex and still do not enable true international interoperabil...
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2.38K reads
How Identity Works in Web3
In Web3, Identity also works much differently than what we are used to today. Most of the time in Web3 apps, identities will be tied to the wallet address of the user interacting with the application.
Unlike Web2 authenticat...
226
1.89K reads
Current State Of Building Software
The current state of building a software company. Someone comes up with an idea, but in order to start building they need money in order to support themselves.
To get the money, they take on venture capital and give away a percentage of the company. This investment immediately introduces mi...
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2.03K reads
No More Intermediaries
People can make a living by participating in the protocol in various ways, in both technical and non-technical levels.
Consumers of the service usually pay to use the protocol, similarly to how they would pay a cloud provider like AWS today. Except in Web3, the money goes directly to the n...
225
2.99K reads
Future State Of Building Software
In the blockchain anyone can participate in building it or investing in it from day one. The company announces the release of x number of tokens, and give 10% to the early builders, put 10% for sale to the public.
Stakeholders can use their tokens to vote on changes to the future of the pro...
231
1.83K reads
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What is Polkadot (DOT)?
Polkadot is a network protocol that allows arbitrary data —not just tokens— to be transferred across blockchains.
This interoperability seeks to establish a fully decentralized and private web, controlled by its use...
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