Is Web3 The Future Of The Internet?

in LeoFinance3 months ago

Web3.png


The internet is at a crossroads! The web we've known for the past two decades is in serious trouble, and a new era of a decentralized internet is on the way. The problem is that most people don't even realize this change is happening right in front of all of us. In fact, many still think of blockchain technology as something that's just used to buy (and invest in) cryptocurrency or make online purchases with Bitcoin and Ethereum which they certainly can be used for but also so much more than that!

What is Web3 & Why Does The World Need It?

If you think about it, the internet is a rather natural thing. It's nothing more than a network of networks that connect computers together and allow them to communicate. That's why it's called the "internet".

But let’s be clear here: there are many different types of networks in the world today – not just one place where we go online. The Internet is made up of several different kinds of networks:

  • A network of computers (called the “internet”)
  • A network of people (known as social media)
  • A network of information (the World Wide Web)

The Transition To Decentralized Internet

You’re probably not surprised to hear that the current internet is centralized. This has led to some major security and privacy issues, which have prompted a lot of people to consider a shift to decentralized technology.

However, it’s important to remember that this idea isn’t new, it was actually promoted by Tim Berners Lee in 1991 as part of his proposal for the World Wide Web! Yet despite these early efforts, the transition hasn’t happened yet because there weren’t enough resources & technology available at that time. This has changed now with the arrival of Blockchain technology which is open-source, permissionless, and borderless.

This means that we could see big changes over time when it comes to building out a truly decentralized system for web3 apps on Ethereum or similar platforms.

In simple terms, Web3 is the next version of the internet with a major focus on decentralization powered by Opensource, Blockchain Technology & Cryptocurrency.

A Glimpse Of The Future

Web3 is going to change the way we interact with each other, technology, money, and society. It’s an exciting time for blockchain enthusiasts and enthusiasts of the internet as a whole. As we move into this new era of technology, it is crucial to keep in mind that all technological advances have their drawbacks and risks attached to them — especially when they involve money.

With these lessons learned from decades past and applied towards web3 development today (and hopefully tomorrow), we can truly expect something great: an internet that is more open than ever before because anyone can access it, build on it or contribute content/information without having access control restrictions imposed upon them by large corporations or governments for personal gain.

Web3 Will Change Almost All Aspects Of Our Lives

Web3 will change almost all aspects of our lives. It is going to change the way we consume information, communicate, work and socialize.

As it stands right now, Web2 (the current internet) is a place that people visit for entertainment or educational purposes. But with the advent of Web3, we will be able to do so much more than just that – we will be able to create new realities with the help of machines! Most of the web3 products are owned by its users, community & creators. Dependence on middlemen and governments will decrease as web3 starts eating the world quickly.

Conclusion

I hope that you have enjoyed this brief overview of Web3. I personally think it’s a fascinating topic and can’t wait to see how it develops in the future.


Follow: https://leofinance.io/@finguru

Twitter: https://twitter.com/finguru6

Discord: finguru#4062


Not financial advice. For infotainment purposes only.

Posted Using LeoFinance Beta

Sort:  


The rewards earned on this comment will go directly to the people( @finguru ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.

Feels like Hive is at the forefront when its comes to web3 and we are still just in the beginning!

Posted Using LeoFinance Beta

Hive is definitely at the forefront. 😎 #WAGMI ✌️

Posted Using LeoFinance Beta

Lucky are those who knows they're living in the future already!

Will take time but surely we'll see this happening.

You said everything very well. Have fun and lots of !LUV

We are lucky for sure brother. xD !PIZZA

Posted Using LeoFinance Beta

I think Web3 is possible but I just don't know what it will look at and even I am unsure what it will be. However, the stuff regarding Facebook and how they want to create the metaverse is giving Web3 a bad name. It makes me wonder what will really take place.

Posted Using LeoFinance Beta

Great article.

I'd love to see leofinance.io gain an early stranglehold on all long tail keywords related to Web3.

Keep creating!

Posted Using LeoFinance Beta

That would be crazy xD Thanks a lot Dane. Cheers!

Going back to work ⌨️ 🫡

Posted Using LeoFinance Beta

This post has been manually curated by @steemflow from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating to @indiaunited. We share 100 % of the curation rewards with the delegators.

Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.

Read our latest announcement post to get more information.

image.png

Please contribute to the community by upvoting this comment and posts made by @indiaunited.

This post has been manually curated by @steemflow from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.

Please contribute to the community by upvoting this comment and posts made by @indiaunited.

PIZZA!

PIZZA Holders sent $PIZZA tips in this post's comments:
@finguru(2/5) tipped @idksamad78699 (x1)

You can now send $PIZZA tips in Discord via tip.cc!

Hive is really great, and you are very talented, I'm still very far behind!
pleased to meet you