If you're interested in tech, you've seen the term "web3" buzzing about on various social media sites.
Let's look at why web3 might be the next big thing.
What is web3?
Web3 runs on decentralized protocols. Web3 is based on decentralized networks and blockchain technology. There is no single central authority that deals with you and the actions you perform on the web.
Web3 is more secure than both web1 and web2. Accessing web3 is very easy, you need a phone, laptop or computer to perform any task. People who trade crypto or own a crypto wallet are already using web3.
For example, millions of people use the Brave browser and most of them don’t know they are using web3. To summarize we can say that web3 provides stronger personal privacy protection.
- Distributed and strong
- Native built-in payments
The primary purpose of web3 is to obtain control for the masses.
Why web3 is the future?
4 strong reasons to believe that web3 is the future:
1. Data Storing: In web3 there are no centralized organizations that get access to your personal data.
2. Secured data transfer: Web3 does not rely on third-party systems for data transfer. Every system is built to deliver complete privacy to the user.
3. Decentralized: As there are decentralized platforms the user does not have to worry about the security of the data shared on the platforms.
4. Decentralized Applications: DApps are more secure because, as part of the blockchain network, all transactions are preserved in order and cannot be tampered with.
DApps are constructed using smart contracts, which are a set of conditions encoded into the application that will execute automatically whenever those criteria are satisfied without the intervention of a third party.
Web3 is still at the early stage like the internet was in the early 90s. It will improve a lot and it is the best time to jump into web3.