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Web3 Vs Web2: What’s the Difference?

Posted October 18, 2022 4:31 pm
7 min
By Deep In The Sesh

The short answer is that Web2 is the traditional model of the internet where users are dependent on centralized services, while Web3 is the decentralized model of the internet where users are in control of their own data.

The long answer is a bit more complicated. To understand the difference, we need to first understand how the internet works. The internet is made up of a network of computers that are all connected to each other. When you visit a website, your computer sends a request to the server that hosts the website. The server then sends the website back to your computer, and your browser displays it.

In the Web2 model, the server is the centralized point of control. This means that the server can decide what content to show you, and it can also keep track of your data. This data can be used for marketing purposes, or it can be sold to third-party companies.

In the Web3 model, there is no central point of control. Instead, the network is decentralized, and each computer is in control of its own data. This means that no one can track your data or sell it to third-party companies. It also means that you are in control of what content you see.

History of the Web: Version 1.0, 2.0, and 3.0

The history of the World Wide Web can be divided into three distinct eras: 1.0, 2.0 & 3.0 

The first era, Web 1.0, was a time when the web was primarily used as a means of information sharing. Web 1.0 saw the birth of popular sites like Yahoo! and Amazon.com.

The second era, Web 2.0 or Web2, was a time when the web became more interactive and user-friendly. Web2 saw the rise of social networking sites like Facebook and Twitter.

The third era, Web 3.0 or Web3, is a time when the web is becoming more intelligent and interconnected. Web3 is being driven by decentralized technology, advances in artificial intelligence and peer-to-peer sharing of information.

Web2 Benefits:

The primary benefit of Web2 is that it allows for two-way communication between users and websites. This allows for a more interactive experience for users, as they can now provide feedback and input directly to website owners and developers. Additionally, Web2 enables websites to offer a more personalized experience for users by tracking their activity and preferences.

This allows websites to provide targeted content and advertisements to individual users, which can improve the overall user experience. Finally, Web2 also supports the development of social media applications and platforms, which has led to the explosive growth of sites like Facebook, Twitter, and LinkedIn.

Web3 Benefits

Although Web3 is still in its infancy the potential benefits are many including users being in control of their data and privacy. Web3 is powered by decentralized technologies such as the blockchain, which enables a more secure and transparent internet. Additionally, Web3 also provides users with new ways to interact with the internet, such as through decentralized applications (dapps). Web3 is still in its early stages, but it has the potential to revolutionize the internet as we know it.

Web3 benefits include:

  • Decentralization: Web3 is decentralized, meaning that there is no single point of control or failure. This makes it more secure and resilient to attack.
  • Increased privacy: Web3 technologies allow users to control who has access to their data. This increased privacy protection can help prevent identity theft and other online crimes.
  • Improved security: The decentralized nature of Web3 makes it more difficult for hackers to target users. Additionally, new security technologies are being developed for Web3 that can further protect users.
  • Greater transparency: With Web3, users can see where their data is being stored and who has access to it. This transparency can help prevent fraud and other malicious activity.
  • Digital ownership: with Web3 technology users can truly own their digital assets for the first time. Under the Web2 model a user doesn’t own any of their digital assets on social media sites. Twitter owns all your tweets. Facebook owns all your posts. With blockchain technology and NFTs users can take ownership of their digital assets. 

Centralization Vs Decentralization

The primary difference between Web3 and Web2 is the degree of centralization versus decentralization. While Web2 is largely centralized around a few key platforms and players, Web3 is decentralized, with no single point of control or failure. This makes Web3 more resilient and less vulnerable to censorship and attacks. Additionally, Web3 is powered by blockchain technology, which enables new levels of security, privacy, and transparency.

Examples of Centralized Web2 Companies

  • Meta (Facebook)
  • Google
  • Apple
  • Amazon
  • Twitter

Web2 is a centralized platform that gives power to the company or individual who owns the website. They can control what is seen and how it’s used. For example, Facebook can decide to show you ads or not, Google can track your searches, Amazon can price gouge, and Twitter can shadow ban.

Examples of Decentralized Web3 Projects

Web3 is a decentralized web while Web2 is a centralized web. In a decentralized web, there is no central authority controlling the network. Instead, each user is responsible for their own data and the network is powered by the users. This allows for a more open and democratic internet where users have more control over their data and privacy. Web3 has given rise to new industries such as Decentralized Finance (DeFi), Decentralized Autonomous Organizations (DAOs) and even decentralized identity. In contrast, a centralized web is controlled by a central authority, such as a government or corporation. This central authority has control over the data and information on the network.

Web3 Limitations

Web2 was all about centralization. There was one company, or a small group of companies, that controlled everything. They controlled the servers, the software, and the data. They could do whatever they wanted, and they didn’t have to worry about anyone else.

On the other hand, Web3 is about decentralization. There is no one company or group in control. Instead, everyone is in control. The servers, the software, and the data are all distributed across the network. This makes it much harder for anyone to control everything, and it makes it possible for people to cooperate and work together.

There are some drawbacks to decentralization, of course. It can be harder to coordinate and work together when everyone is in control. And, there are some things that can only be done centrally. But, overall, decentralization is a good thing. It makes the web more open, more accessible, and more democratic.

metaverse

The metaverse is a future Web3-based world where users can interact with each other and create or use digital objects. In this world, these digital objects, called non-fungible tokens (NFTs), would exist as unique, one-of-a-kind items. Users could trade, sell, or gift NFTs just like they would any other digital asset.

NFTs will play a central role in the metaverse because they offer a way to represent digital assets in a way that is both unique and secure. NFTs can be used to represent anything from digital artwork to virtual property. This makes them a good fit for use in games, virtual worlds, and other online communities. For a deeper look at how the metaverse drives NFT demand click here

Web2 Vs Web3 Gaming

web3 gaming

The internet has come a long way since the early days of the world wide web. We’ve gone from simple text pages to full-fledged applications and hyper realistic games.

There has been much debate lately about the strengths and weaknesses of Web3 gaming vs. traditional Web2 games (for a more in-depth look at the history of gaming click here). Many people believe the caliber of Web3 games has not been as good as Web2 games. Indeed, many of the Web3 games so far have focused more on the financial aspect rather than gameplay.

However, the key differentiator of Web3 games is the ability to own your in-game assets, usually as NFTs. In Web2 games the gaming studios own the IP and they can ban a player at a moment’s notice. Blockchain technology has enabled the true ownership of digital assets.

In summary, this has been just a short primer on the differences between Web3 and Web2. The key thing to remember is decentralization vs centralization. Web3 is growing quickly and it will be interesting to see if we continue the path toward decentralization or if centralized powers assert control.

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