The State and Future of Web3: An Internet Ruling Can Promote Commercial Products

If you are reading this, you are a supporter of the Web 3.0 network. The site we are on today is different from what it was 10 years ago.

How has the website changed and, more importantly, where is it going now?

Why is this important?

Give us this experience, these improvements are very important. In this article, I'll tell you how the website has evolved, where it's going, and why it's important.

As you read, think about what the Internet means to your life. Think about how people have changed because of the internet. Web-based media scene. various uses. Also, the website is currently changing this expectation.

Website changes (2022 is the biggest year)

The web has developed over a long period where apps are now rarely available with their stars in mind. The development of the network is divided into three stages. Web 1.0, Web 2.0 and Web 3.0.

A. What is Web 1.0?

Web 1.0 is the heart of the web. Most of the participants are users and the developers are the developers, and the information on the websites they create is usually provided in the form of text or images.

The 1.0 website was used approximately from 1991 to 2004.

Web 1.0 contains static web content, not dynamic HTML.

Information and content are delivered by a static set of data rather than data, and the audience is less engaged.

Web 1.0 can be thought of as a read-only network.

B. What is Web 2.0?

What we often come across is a website in its current form, commonly referred to as Web2.

You can think of Web2 as an intelligent conversation.

You don't need to be an expert to be involved in creating interactions in the Web2 world.

Many applications allow anyone to be a developer without any problem.

If you want to create an idea and share it with the world, you can submit it to a movie, and lots of people will see it, link to it, comment on it, and do the same for other people's videos.

Web2 is really easy and more and more people around the world are getting ideas thanks to its simplicity.

Today's websites are great in many ways, but there are areas where we can do better.

Web 2.0 monetization and security

Many applications that have been widely used in the Web2 world follow the pattern in their life. Think about the subset of apps you regularly use and how to structure them with your apps.

1. App monetization (for developers and organizations)

Imagine how different they are today from the stars of popular apps like Instagram, Twitter, LinkedIn, and YouTube.

The process usually goes like this.

The company released an app.

include as many users as possible

Then get paid by your user base

When an engineer or an organization submits an application well, the consumer is very good, because the application continues to play an important role. This allows you to get a foothold quickly in all situations.

At first, many software vendors didn't care about efficiency.

They are really focused on growing and getting new customers, but in the end you have to start making money.

You should also consider the role of outside investors.

Most of the times, feature limitations such as investment capital negatively affect the life and experience of end users of most of the applications we use today.

When an app development company accepts investments, most investors expect to get a return on investment of tens or hundreds of times what they pay.

This means that instead of looking for a stable growth model that companies can exploit in certain markets, they are often pushed in two ways: advertising or the sale of personal information.

For some web2 organizations, such as Google, Facebook, Twitter, etc., more information allows for more personalized advertising.

This leads to better access and increased income. Incorrect and inaccurate user data is the foundation of the web we know and use today.

2. Security and privacy

The Web2 application encountered more malicious data. Some specialized sites detect these vulnerabilities and alert you when the data is compromised.

Web2 has no control over the data or how it is stored.

In fact, companies often monitor and log user data without permission.

All information is owned and maintained by the company responsible for this platform.

Users in countries where they have to worry about the downsides of free speech are also at risk.

The state government usually shuts down the servers or maintains the balance. However, it is assumed that you accept scores posted by people who disagree with their ads. Mixed Servers allow states to easily suspend, manage, or shut down any application they approve.

Since the banks are also still digitally controlled in the middle, the government is often involved. In times of financial crisis or other emergencies, you can block access to your bank account or restrict access to your funds.

Web3 aims to solve some of the problems by rethinking a general understanding of how to plan and connect applications at a basic level.

C. What are web3.0?

There are big differences in the scope of web2 and web3, but decentralization is at the heart of it.

Web3 improved the internet as we know it today and added some features.

identified

do not believe

independent

forbidden

decentralized and strong

News and Events

local payment

In Web3, designers do not create and publish applications with peaks in demand, mostly on separate servers, and do not store data in separate files (usually supported and maintained by cloud computing sites) .

Switch, a web3 application running on a blockchain, a distribution of multiple P2P nodes (servers), or a combination of both to build a crypto business. These apps are still applied as dApps (decentralized apps) and you can find more usable content on the website3.

To achieve a stable and secure organization, the members (designers) of the network support and strive to provide the greatest possible support to all customers.

When you listen to Web3, you see that cryptocurrencies are often part of the conversation.

Indeed, cryptocurrencies play an important role in many of these schemes.

It provides financial resources (tokens) to anyone wishing to participate in the design, board, contract or development of any of these activities.

These processes can provide a variety of services such as metering, storage, bandwidth, personalization, hosting, and other network services typically provided by cloud services in the past.

Individuals can achieve this at the professional and non-professional levels through a variety of ways to compete.

Consumer customers often pay for contract usage, much like they pay for hosting providers like AWS today. With the exception of Web3, the money goes directly to network partners.

Local payment (which has become an important exchange)

Coins also provide a comprehensive framework and a cumbersome checkout process. Companies like Stripe and Paypal can earn thousands of dollars from electronic payment options.

This process is very complex and has not yet provided the true international interaction of participants and their use requires the provision of sensitive and personal information.

Cryptocurrency wallets such as MetaMask and Torus allow you to manage simple, private, and secure global settings and exchanges within your web3 application.

Networks like Solana offer hundreds of milliseconds of latency and exchange rates.

Unlike the current financial system, users do not have to experience a lot of interference and involvement in the network that cause friction.

They simply withdraw or install a wallet and can send and receive payments without any restrictions.

A new way to start a business

The tokens also contain the concept of tokenization and generate token exchanges.

Consider the current situation of starting a software business. Someone had an idea, but they needed money to create their own.

In order to make money, they accept the investment and give them a percentage of the business.

The current investment represents an unfair promotion that will not be compatible with creating the best long-term customers.

And when a business succeeds, it takes a long time for every stakeholder to realize its value and it often goes on for years with no return on investment.

Instead, think of them as new projects that will solve the real problem.

Anyone can create or invest from scratch.

The company announced x tokens announcement, 10% will be given to early developers, 10% will be sold to the public, and the rest will be kept for the free and financial future of the project.

Participants can use tokens to determine their role's ultimate fate change, and those with capital resources can contribute a portion of their capital to contribute money. The token is passed later.

Anyone who believes in the project can buy and hold members, and anyone who believes the project is going wrong can tell by selling a stake.

Since all blockchain information is completely public, customers are completely transparent about the outcome. It's all the difference between buying products from individuals or medium-sized companies that have many secrets.

This is already happening in the Web3 world.

This allows stakeholders to participate in the management of the business. Gitcoin is another digital currency that allows developers to troubleshoot and solve open source problems.

Yearn allows stakeholders to participate in decision-making and vote on recommendations.

Uniswap, SuperRare, Graph, Audius, and many other forums and companies have all abandoned tokens as a means of obtaining ownership, rewards, and management.

Decentralized Autonomous Organizations (DAOs), which offer an alternative to building what we have always thought of as businesses, have gained tremendous power and investment from developers and venture capitalists.

These organizations will be symbolized, change the concept of organizational structure giving people a more realistic, fluid and equitable membership, and inspire them in new and happy ways.

For example, Friends with Funding, a DAO of Web3 Developers and Developers, has a history of about a year and has current revenue of around $125 million and more recently revamped to $10 million on a16z.

DAO itself will cover the whole sentence, but for now I think DAO is the future of the product and (as we believe) the company being created.

How to be independent in Web3

The way we personally work in Web3 is different from the way we use it today. In a Web3 application, liability usually rests with the wallet of the user associated with the application.

Unlike Web2 authentication methods such as OAuth or email passwords (which almost always require the user to send private information), the wallet is anonymous unless the user decides to connect their private account to the public.

If users choose to use the same wallet across multiple dApps, their tokens can be swapped between different apps, building their reputation over time.

If that sounds difficult, that's because. Of course, the blockchain space is still mostly in beta, but early practices that entice users to engage in financial markets will explode.

Consider being able to earn real money by participating in social media.

The Bitcoin stock market has slowed down over the past few years and I believe Bitcoin will continue to grow, but rapid growth will occur in other parts of the blockchain ecosystem.

Today, the total market capitalization of blockchain-based investments is $13 billion, which is an error compared to the current costs that blockchain innovation can really benefit from.

We are starting to see the latest internet-based domination based on the decentralized blockchain protocol beginning to replace the centralized web service that now dominates the internet. The Internet of the future will not be centralized.