Web 3.0 – An evolved Web 2.0?

So just some general introduction:

Web 1.0 was basically the early days of the web where it was largely static and practically only allowed users to read information.

Web 2.0 was mostly about interactivity and “frontend” usability, and also connected with the growth of social media platforms.

One application on Web 3.0 I see that cannot be replicated on Web 2.0 is DeFi

No doubt that blockchains and NFT concepts are an innovative and unique piece of technology, allowing for the first time in history to create scarcity on a digital system. But here are some underlying issues that probably needs to be addressed:

Every piece of data you write into the blockchain in Web 3.0 costs gas fees, which, despite their small size, act as a psychological disincentive, with most individuals unwilling to abandon the free domain of Web 2.0, even if it means sacrificing their personal data.

Sleek and modern implementations of existing Web 2.0 apps (centralized social media) into Web 3.0 (decentralized social media) not only face the issue I described above, but I was wondering how someone maintains privacy in an environment where every data they enter is public on the blockchain?

One of the main advantages I see about Web 2.0 on centralized social media is how they filter unwanted content like NSFW, cyberbullying and hate speeches to name a few which might be a problem if we go fully decentralized.

This is why I believe Web 3.0 will still kind of be like Web 2.0 with still the key centralized elements intact and also why web3 content networks make sense where users will own their content since their keys allow them to manage updates. You also reap the majority of the great benefits of Web 3.0 while also removing its drawbacks.

Well what do you guys think?

Web 3.0 - An evolved Web 2.0?

13 thoughts on “Web 3.0 – An evolved Web 2.0?”

  1. More evolved and scalable. The possibility that Syscoin is the only layer-1 Blockchain that scales with EVM functionality make it more improved. Syscoin combines the best of Bitcoin security and Ethereum to bring you a network to build the most secure, and fastest Web 3.0 applications. SYS is trading on MEXC Global with a trading pair of USDT X SYS.

  2. In public DLTs like Ethereum, gas costs are an issue. Permissioned DLTs (which I also classify as web3.0) have a lot going on where transactions are free.

  3. Well even Facebook is uncensored social media even though it is centralized with all the hate speeches, and violent content being shown. The platform gains more engagement on content that makes people angry and this is why that’s the kind of content they will show. So even Facebook, a centralized social media platform, didn’t fix this. They make content like those trending so they get more $$$.

  4. Web 1.0 wow this is cool

    Web 2.0 you are the product

    Web 3.0 you are the exit liquidity

  5. Web 3 applications have all of the necessary components to become the technology of the future. Looking at systems like Marlin Protocol, which provides a high-performance programmable network architecture for DeFi and Web 3.0, it’s evident that the technology has a bright future.

  6. In the web3 environment, I now see the necessity for data management projects. Before the web3 hype takes hold, it’s critical to get on the correct projects.

  7. I just put out a video (I know, I know . . . but I promise it’s worth your time) covering a couple of projects with Web3 aspects: https://youtu.be/sRNtjEauvEY

    Basically, Web3 is nascent and isn’t exclusively a technology; it’s a choice to decentralize the power structures that have been unilaterally profiting off people’s privacy & data in Web2. All the criticisms of Web3 I’ve read are so quick to dismiss it as “marketing BS” while conveniently ignoring or downplaying the very real issues of the “Splinternet”, i.e., the Web’s trend away from free & open to Zuckerberg’s dystopian Sweet Baby Ray’s nightmare-verse.

    It’s the same sort of fallacy people critical of crypto fall into . . . blank faces, calm as Hindu cows, as the post-Glass-Steagall banking plutocracy freely engages in moral hazard in order to find new & exciting ways they can race to the bottom faster.

    Criticizing the shortcomings of the new is easy when you ignore the issues of the old.

  8. It might not be the future, but it is certainly a part of it. I can see how legacy finance may compete with DeFi in some situations.

  9. Yes, I believe so. It appears to be capable of resolving many of the present societal problems.

Leave a Comment