Before you migrate from web2 to web3, it is essential to know the differences between the two. Web 2.0 and web 3.0 have a lot of similarities with similar backgrounds. However, they approach things differently.
The main difference is that web 2.0 focuses on writing and reading content while web 3.0 focuses on creating content. The latter uses technology to facilitate the interchange of information amongst users whilst enhancing cybersecurity. While web 2.0 aims to connect users, web 3.0 combines the data in meaning with increasing trust and this is supported by decentralisation. Here are some more differences between the two.
Fiat money is used to make payments on web2. Government-issued money such as the dollar is used during the transaction. On the other hand, web3 uses cryptocurrencies such as bitcoin and Ethereum, which are encrypted currencies.
- Content Ownership
The network assumes information storage control with web 2.0, creating concerns about the protection of online data and anonymity. Web 3.0 on the other hand solves this issue by allowing data to be exchanged in different locations simultaneously.
It is quicker to transfer on web 2 than it is on web 3. Web 2 scans information kept in a fixed area, on a single server using HTTP. On the other hand, web 3 assigns ownership to many others.
Web 2.0 includes social bookmarking, RSS feeds, blogs, podcasts and video sites. On the other hand, a web 3 development company will incorporate machine learning and AI, 3D portals, and virtual worlds.
The benefits of web 3
Web 3 has a decentralised structure that gives it an advantage over web 2. Centralised networks won’t be rewarded in the next internet generation. A democratic environment, where spending is transparent, will be trustworthy and fair. Corporate corruption will reduce as a result of this.
Web 3 has the potential to improve government and corporate operations. However, due to the scale of the shift, it will invite criticism. Whilst decentralisation is one of the top benefits of web3, the other benefits include the following.
- More privacy
Web 3 prioritises privacy and security over control and surveillance. Users have complete control over their information and data. They have options to share or keep the information discrete.
Due to the autonomous structure of blockchain technology, it will be safer than outdated internet versions. Hackers will find it harder to exploit the network and, even if they manage to, their activities will be logged. Hacks are still plausible in a decentralised system, however, most blockchains have developed defence mechanisms against hacking.
This is another reason why people migrate from web 2 to web 3. The semantic web is a promising phase in internet evolution. Semantic web enhances the experience of web-based platforms. People may utilise semantics to define vocabularies, establish data handling rules and so on.
We are at but the tip of the iceberg with web3 – and the evolution is an exciting road ahead.
Written by Business Contributor Kate Vosburgh