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    Web3

    Web3 — the internet upgrade?. As a tech enthusiast, I find myself… | by Tech Trainer Woman | Jan, 2024

    January 4, 2024Updated:January 4, 2024No Comments3 Mins Read

    Fantasy Web3 future drawing

    As a tech enthusiast, I find myself spending far too much time pondering the evolving landscape of the internet. We’ve all become accustomed to the fertile, nice walled gardens of Web2 — think Facebook, Twitter and YouTube. These platforms offered us unprecedented ways to connect, create, and consume information. But lately, whispers of a different kind of online ecosystem have been rustling through the digital wind: Web3.

    So, what’s the difference between these two internet iterations? Buckle up because we’re about to dive into the weeds (metaphorically, of course).

    The Core Divergence: Centralization vs. Decentralization

    Web2 is built on a foundation of centralized servers and platforms controlled by corporations. This grants them immense power over the data we generate, the content we see, and how we interact online. It’s like living in a beautiful, curated garden, but under the watchful eye of a benevolent (or not so benevolent) gardener.

    Web3, on the other hand, envisions a decentralized internet built on the bedrock of blockchain technology. Think of it as an open-source orchard, where users own their data, content is governed by community-driven protocols, and anyone can contribute to cultivating the digital landscape.

    Data Ownership: From Subjects to Sovereigns

    In Web2, our data is the oil that fuels the platform’s engine. We trade our personal information for access and convenience, often unaware of how it’s used and monetized. In Web3, the ownership paradigm flips. Users wield the keys to their digital identities and assets, thanks to technologies like crypto wallets and NFTs. No longer are we subjects; we become data sovereigns, empowered to decide who has access and how it’s utilized.

    Content Creation and Monetization: Beyond Likes and Followers

    On Web2 platforms, creators often struggle to capture the full value of their work. Algorithms dictate what gets seen, and ad revenue rarely trickles down fairly. Web3 introduces new models for content monetization.

    Through smart contracts and microtransactions, creators can directly connect with their audiences and receive fair compensation for their efforts. Imagine a world where artists, musicians, and writers truly reap the rewards of their talent, unshackled from the limitations of centralized platforms.

    Think of it like this:

    Web2 is like a shopping mall: It’s owned by a big corporation, you have to follow their rules, and they collect a lot of info about you as you browse.

    Web3 is like a farmer’s market: It’s owned by the community, everyone gets a say, and you can keep your personal info to yourself. It’s built on blockchain tech, which is basically a super-secure digital ledger.

    For example: Brave browser, Audius (music streaming) and Mirror (decentralized blogging)

    Think of how this could change things:

    • Your social media posts would be truly yours, not the property of a tech giant.
    • You could earn money directly from your creative work, without middlemen taking a cut.
    • You could vote on how your favorite online communities are run, instead of having rules imposed on you.

    It’s still early days, but Web3 has the potential to shake things up in a big way. It’s worth paying attention to, because the future of the internet is at stake!

    As a tech enthusiast, I’m excited to see what the future holds for Web3. This isn’t just about swapping platforms; it’s about reclaiming our digital sovereignty and building a more robust, inclusive, and empowering online ecosystem. So, let’s grab our gardening tools, plant some seeds of change, and cultivate the open-source orchard of Web3 together.

    This news is republished from another source. You can check the original article here

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