Thread by @rohit_gajaraj

What is Web 3.0?

Web3 is not the future, it is already killing it in the present 🔥

Understanding web 3 is quite a daunting task, especially for Non-Tech peeps. 🤔

An Interesting thread🧵

#web3 #internet #evolutionofweb #web2 #web1

In order to understand what is web3, we need to understand how the web has revolutionized over time! 🤔

Web 1 (roughly 1990-2005) was about open protocols that were decentralized and community-governed. Most of the value accrued to the edges of the network — users and builders.

#msn #netscape #aol #yahoo #internetexplorer

Web 2 (roughly 2005-2020) was about siloed, centralized services run by corporations. Most of the value accrued to a handful of companies like Google, Apple, Amazon, and Facebook.
#apple #google #amazon #facebook #instagram #microsoft #youtube

We are now at the beginning of the Web 3 era, which combines the decentralized, community-governed ethos of Web 1 with the advanced, modern functionality of Web 2.

Web 3 is the internet owned by the builders and users, orchestrated with tokens.

#filecoin #ens #metamask #brave #mirror #unstoppabledomain

You all ready to fill your brains with juicy ass info?!🔥

A quick table of contents:

- What is Web3?
- Problems with Web2
- How Web3 solves the problems with Web2
- Web3 example
- How to access Web3?

Without further ado,...let's go!!😆

In short:

Web 3.0 = Web 2.0 + decentralization

Web3 is anything you currently use on the internet and decentralize it.

This is the short version, but let’s take a look at it in more detail 👇

Simply put, 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.

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

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!

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

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 inappropriate.

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

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!

2️⃣ Not vulnerable to attacks

Web3 servers are difficult to attack as 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 comps in the network simultaneously & that's nearly impossible to do.

In other words, it doesn't have a single point of failure.

In Web3, the network can still function 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!

4️⃣ No personal Info.

Making transactions in Web3 doesn't require any personal information

You just need a 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 worldwide, open-source platform for decentralized apps to run on

You can do 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 & they're maintained by their own users. There's no central authority that can block payments

OK, let's see how Web3 works, 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👇

Web2

1. Access the website from the browser
2. Browser sends a request to backend servers
3. The servers send back the requested webpage & its resources to the user/client (HTML, CSS, images, etc.)

On the other hand, the way Web3 works is a little bit diff. 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 👇

#wallet #metamask #web3

Essentially, it's like having one user name for everything on Web3, rather than different user names 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.

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❤️

Check me out
@rohit_gajaraj, if you liked this thread!!

I'm gonna be tweeting more about Web3, blockchain, wallets, DAO, Defi, Creator & ownership Economy, etc.

Thank you for making it this far again! 🙏 ❤️