WTF is Web 3.0?
A thread🧵
A thread🧵
Y'all ready to fill your brains with juicy ass info?!🔥
Quick table of contents:
- What is Web3?
- Problems with Web2
- How Web3 solves the problems with Web2
- Web3 example
- How TF to access Web3
Without further ado,...let's go!!😆
Quick table of contents:
- What is Web3?
- Problems with Web2
- How Web3 solves the problems with Web2
- Web3 example
- How TF to access Web3
Without further ado,...let's go!!😆
In short:
Web 3.0 = Web 2.0 + decentralization
Web3 is anything you currently use in the internet and decentralizing it.
This is the short version, but let’s take a look at it in more detail 👇
Web 3.0 = Web 2.0 + decentralization
Web3 is anything you currently use in the internet and decentralizing it.
This is the short version, but let’s take a look at it in more detail 👇
Web3 is the decentralized web.
This means that it's not controlled by any authorities, it's controlled by the people belonging to the network.
In other words, Web3 is 'spread' across multiple computers in the world. The power is in the hands of the people.
This means that it's not controlled by any authorities, it's controlled by the people belonging to the network.
In other words, Web3 is 'spread' across multiple computers in the world. The power is in the hands of the people.
To fully understand what Web3 is, we gotta understand the problems that Web2 has.
This is because Web3 solves a lot of the problems that Web2 currently has.
Web2 problems:
1️⃣ Centralized
2️⃣ Vulnerable to attacks / single point of failure
3️⃣ Censored
This is because Web3 solves a lot of the problems that Web2 currently has.
Web2 problems:
1️⃣ Centralized
2️⃣ Vulnerable to attacks / single point of failure
3️⃣ Censored
1️⃣ Centralized
Web2 is centralized; power belongs to a single authority.
This means that you DON'T have the power, and any personal data you upload is not yours anymore.
For example, centralized platforms are allowed to track your info, and use it to show you ads!
Web2 is centralized; power belongs to a single authority.
This means that you DON'T have the power, and any personal data you upload is not yours anymore.
For example, centralized platforms are allowed to track your info, and use it to show you ads!
2️⃣ Vulnerable to attacks / single point of failure
In Web2, you can take down the network by attacking the central authority
For example, if someone wants to take Twitter down, all they have to do is to attack Twitter itself.
This can cause the whole system/app to fail.
In Web2, you can take down the network by attacking the central authority
For example, if someone wants to take Twitter down, all they have to do is to attack Twitter itself.
This can cause the whole system/app to fail.
3️⃣ Censored
Web2 is censored. Currently, platforms can ban or censor anything they want.
For example, Twitter can ban any account or a Tweet they find inappropiate.
Web2 is censored. Currently, platforms can ban or censor anything they want.
For example, Twitter can ban any account or a Tweet they find inappropiate.
Fortunately, Web3 solves these problems. Web3 is a HUGE game changer to our current web, which is why people keep saying it's the future🔥
Web3 benefits:
1️⃣ Decentralized
2️⃣ Not vulnerable to attacks
3️⃣ Not censored
4️⃣ No personal data
Web3 benefits:
1️⃣ Decentralized
2️⃣ Not vulnerable to attacks
3️⃣ Not censored
4️⃣ No personal data
1️⃣ Decentralized
Web3 is democratic; the power belongs to the people running the network (blockchain).
If you're part of a blockchain and contributed to it, you have a say on how it runs.
You need everyone's approval for anything in the blockchain to change!
Web3 is democratic; the power belongs to the people running the network (blockchain).
If you're part of a blockchain and contributed to it, you have a say on how it runs.
You need everyone's approval for anything in the blockchain to change!
2️⃣ Not vulnerable to attacks
Web3 servers are difficult to attack because it's decentralized; meaning it has a bunch of computers running their servers.
To attack a server, you'd have to attack all of the computers in the network simutaneously, & that's nearly impossible to do
Web3 servers are difficult to attack because it's decentralized; meaning it has a bunch of computers running their servers.
To attack a server, you'd have to attack all of the computers in the network simutaneously, & that's nearly impossible to do
In other words, it doesn't have a single point of failure.
In Web3, the network can still functon even if it's been attacked.
In Web3, the network can still functon even if it's been attacked.
3️⃣ Not censored/unstoppable
Web3 isn't censored at all.
For example, Twitter in Web3 wouldn't be banning anything you post.
If something is published in Web3, nobody can take it down and nobody will ban you!
Web3 isn't censored at all.
For example, Twitter in Web3 wouldn't be banning anything you post.
If something is published in Web3, nobody can take it down and nobody will ban you!
4️⃣ No personal Info.
Making transactions in Web3 doesn't require any personal or bank account info.
You just need wallet. They're easy to set up, and fully controlled by you.
This is different from Web2, which requires your name, email, phone number, & other personal info.
Making transactions in Web3 doesn't require any personal or bank account info.
You just need wallet. They're easy to set up, and fully controlled by you.
This is different from Web2, which requires your name, email, phone number, & other personal info.
An example of Web3 is the Ethereum project.
It's a world-wide, open source platform for decentralized apps to run on.
You can do a everything you can currently do now, the mild difference being that in Web3, everything is decentralized.
Let's took at an example below👇
It's a world-wide, open source platform for decentralized apps to run on.
You can do a everything you can currently do now, the mild difference being that in Web3, everything is decentralized.
Let's took at an example below👇
Decentralized Finance.
Basically, DeFi is a decentralized alternative to the traditional banking system.
DeFi applications are accessible to anyone with an internet connection, and they're maintained by its own users. There's no central authority that can block payments!
Basically, DeFi is a decentralized alternative to the traditional banking system.
DeFi applications are accessible to anyone with an internet connection, and they're maintained by its own users. There's no central authority that can block payments!
OK, how TF does Web3 work, and how do you access it?
To better understand how Web3 works, let's compare it to the web we know today.
You probably know how the web works now. But, here's a quick recap below👇
To better understand how Web3 works, let's compare it to the web we know today.
You probably know how the web works now. But, here's a quick recap below👇
(Web2)
1. Access website from browser
2. Browser sends request to backend servers
3. The servers send back the requested webpage and its resources to the user/client (HTML, CSS, JS, images, etc.)
On the other hand, the way Web3 works is a litte bit different from Web2 👇
1. Access website from browser
2. Browser sends request to backend servers
3. The servers send back the requested webpage and its resources to the user/client (HTML, CSS, JS, images, etc.)
On the other hand, the way Web3 works is a litte bit different from Web2 👇
Firstly, to access Web3, you need an Ethereum wallet, like MetaMask.
MetaMask is a chrome extension wallet that provides you with a username, which gives you access to all Web3 👇
MetaMask is a chrome extension wallet that provides you with a username, which gives you access to all Web3 👇
Essentially, it's like having one username for everything on Web3, rather than different usersnames and passwords for different platforms.
Then, it points to the blockchain (backend) & smart contracts for the data. Lastly, it grabs that info. and goes back to the user.
Then, it points to the blockchain (backend) & smart contracts for the data. Lastly, it grabs that info. and goes back to the user.
That's it!
Thank you for making it this far & hopefully this thread could help you get a brief overview of what Web3 is😆
I'm still learning Web3; I'm making threads of the info I learned and understood, so I can simplify it for others!
Feedback is appreciated❤️
Thank you for making it this far & hopefully this thread could help you get a brief overview of what Web3 is😆
I'm still learning Web3; I'm making threads of the info I learned and understood, so I can simplify it for others!
Feedback is appreciated❤️
Check me out @codingyuri if you liked this thread!!
I'm gonna be tweeting more about Web3, blockchain, wallets, DAO, DeFi, etc.
I'll also make short threads on how to make a wallet, how to join developer DAO, etc.
Y'all are literally going through this Web3 journey with me😘
I'm gonna be tweeting more about Web3, blockchain, wallets, DAO, DeFi, etc.
I'll also make short threads on how to make a wallet, how to join developer DAO, etc.
Y'all are literally going through this Web3 journey with me😘
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