Etisha GargπŸ’œ Profile picture
Mar 20 β€’ 8 tweets β€’ 2 min read
What is Web3?🌐

Day04 of #100DaysOfWeb3

πŸ‘‡ A Thread
πŸ“Œ What is Web?

- World Wide Web commonly known as Web is something built on top of Internet.
- Collection of documents that can be requested by a browser from a server
- Each document can accessed by a web address
πŸ“Œ Why is it suffixed with 3? Are there any 1 and 2 as well?

Yes there areβœ…

Web1
- Static web pages
- Read-only : Not Interactive
- More consumers less creators

Web2
- Interactive and social web
- Read/write
- Gave birth to more creators
- Largely handled by big tech firms
πŸ“Œ Why Web3?

- In Web2, Centralisation by big techs providing services in exchange of personal data
- Have to abide by the rules of government/company's (You never know when your tweet might be taken down :p)
πŸ“Œ What is Web3?

- A decentralised web
- Runs on blockchain technology
- Read/write/own
- No particular companies owning the data
- Platforms and apps not owned by central authority
πŸ“Œ Key features of web3

- Open - Built from open source software
- Trustless - No intermediary required
- Permissionless - No authorisation required
- Secure - Not owned centrally
- Privacy - No direct data breach
πŸ“ŒWhat will be the next thread on?

It'll specifically be on Decentralised Applications(DApps)😎
Thank You for reading! If you liked this thread, follow me @GargEtisha and retweet this tweet so that it can reach to maximum people.

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More from @GargEtisha

Mar 19
What is Proof-Of-Stake? πŸ€”

Day03 of #100DaysOfWeb3

πŸ‘‡ A Thread
πŸ“Œ Why we require Proof-of-Stake consensus mechanism if we have Proof-of-Work?

If you have read my last tweet, you should have at least 1 answerπŸ˜‰

- Negative impact on the environment 🌍
- Expensive to be a miner πŸ’΅
- Scalability : Less transactions processed per second⏱
πŸ“Œ What is Proof-of-Stake?

- It does not have miners but instead validators
- Only who put their crypto on stake become validators
- There is no competition but a validator is picked in a pseudo-random way, who propose to add next block
Read 10 tweets
Mar 18
What is the consensus mechanism : Proof-Of-Work?

Day02 of #100DaysOfWeb3

πŸ‘‡A Thread
πŸ“Œ What is consensus?
Let's understand it with an example :
If your family is planning to buy a car and if more than half of the persons in the family agree upon a certain model of the car, then we say we have reached a consensus or in simple terms agreement upon something.
πŸ“Œ What is blockchain consensus mechanism?
Since blockchain is a public distributed ledger and an agreement is required from every node in the network to make any addition to the blockchain, it is nothing but a certain procedure to reach an agreement upon current state of network
Read 9 tweets
Mar 17
What is Blockchain?β›“

Day01 of #100DaysOfWeb3

A Thread πŸ‘‡
πŸ“ŒWhy was this technology even introduced?
- To remove power from central authority
- To prevent frauds
- To have more transparency
- To have immutable records
πŸ“Œ When and how did it all start?
This technology was introduced back in 2008 by an anonymous person(or group) called as "Satoshi Nakamoto"
Read 11 tweets

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