Web 3.0 Apps And Its Astounding Features

Web 3.0 apps are the future of mobile computing and every app developer should know about them.

There is no doubt that you already know about Web 2.0 Apps (e.g. Facebook, Twitter, TikTok etc). However, if you don't know what Web 3.0 apps are and how they differ from other apps, you might be missing out on some valuable information.

The main difference between Web 2.0 Apps and Web 3.0 Apps is that the latter runs on decentralized networks like Ethereum or Hive while the former run on centralized servers owned by corporations such as Meta and Alphabet (Google).

This makes web 3.0 apps more secure since they do not rely on potentially vulnerable third-party systems for processing data needed to run them effectively; instead they utilize blockchain technology which is virtually impossible to hack due to its unique cryptographic design.

Features of Web 3.0 Apps

Web 3.0 apps are secure multi-sided platforms where users own their data and trust is automated. This means the platform's capabilities include:

• Interoperability - The ability to work with other applications, services or protocols.

• Automated trust - A system that allows for transactions to occur without the need for third party verification by relying on smart contracts instead of lawyers or other entities such as banks and governments.

• Micropayments - The ability to send small payments from one person to another easily over the internet or even mobile phones with cryptocurrency technology. This allows people anywhere in the world to buy goods from anywhere else in the world without having any credit card information stored so there's no risk of identity theft or fraud. How cool is that!

A Secure Multi-Sided Platform

Blockchain is a secure multi-sided platform in a sense that it can connect multiple parties in a trustless decentralized manner.

Blockchain is commonly known as a distributed and decentralized system because it distributes the data across all nodes on the network and there are many servers that store copies of its information that communicate with each other to update their own versions of it. The benefit of that is it prevents hackers from compromising the integrity of the data by hacking into one central server or database location.

Web 3.0 apps will be built on blockchain so they will enjoy the multi-sided feature which will greatly solve all security problems to a certain extent. With multi-sided and interoperability (more on that later) it also becomes easier to build a super app from an infrastructural perspective.

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Automated Trust

The automated trust we all are aware of is via smart contracts which I've mentioned briefly above on the automated trust sub heading. Below is another dimension of trust that can be facilitated by blockchain, built as a Web 3.0 app.

Trust can be based on reputation and reputation is primarily based on past transactions which can be verified as authentic by others through a third party (i.e., a blockchain).

With this type of trust, you don't have to worry about whether someone will keep their word or not because their actions are permanent records that are accessible by anyone who has access to them (i.e., the blockchain). You'll just have to type in the name and discover all the records.

Interoperability

In my opinion, interoperability is by far the biggest edge blockchain has over other technologies. I think multi-chains and side chains will become a trend in the coming years.

Interoperability is the ability of two or more programs/applications to exchange and make use of data. In this context, interoperability allows different software applications to work together.

While web3.0 apps rely on blockchain technology which is decentralised, they still need some sort of centralised elements for them to be available for everyone around the world on a single platform (coming back to the super app).

This is possible through interoperability. Remember that blockchains are inflexible by design so its not possible for one to interact with the other unless if there's a bridge.

Micropayments

With the advent of Web 3.0 and the mass adoption of cryptocurrencies, micro-payments are now possible. In this context, "micro" means small amounts of money(less than $1).

Web 3.0 apps allow users from all over the world to send small amounts securely through cryptocurrency transactions instead of waiting for their banks' approval process just so they can make a purchase. Banks hardly support micropayments and when you factor in the fees, it becomes near impossible to perform a micro transaction.

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Micropayments with Web 3.0 apps also eliminates transaction fees since there are no middlemen involved anywhere along the process. It's Peer to Peer (P2P).

The Future Is Here With Web 3.0

Web 3.0 is the next generation of the web and contains many features that make it more secure, decentralized, and user-controlled than ever before.

We are just at the tip of the iceberg when it comes to Web 3.0 and its impact on app development. It is a significant milestone in the evolution of the internet and these new innovative features will offer a better (and richer) experience for web users which in this modern age is almost everyone.

Thanks For Reading!

Profile: Young Kedar

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