Web 3.0 Definition: How To Distinguish The New Internet From The Old Web
After all of the revelations made by Edward Snowden and other agencies such as Wikileaks over the past couple of years, it has become quite clear that large corporations can no longer be trusted with sensitive customer data. However, with the rise of blockchain, many developers are now creating new “technological backstops” that can work to eliminate many of the security vulnerabilities that we are faced with today.
Web 2.0 Is Dead
What we know today as Web 2.0 has morphed into something that is non-centralized and is governed solely by the interests of corporations— who pretty much facilitate the distribution and storage of private data on a global scale. As a result of this, companies such as Google, Facebook, Yahoo are able to predict many things about our behavior (some of which may be intrusive and done without the explicit content of an individual).
However, now, we have a new wave of networking technologies that are being referred to as ‘Web 3.0’ to help us eliminate problems related to centralization. The promise of this new ecosystem is to give back the power of the internet into the hands of users. In its core essence, Web 3.0 makes use of peer-to-peer (p2p) modules like blockchain to protect user data as well as one’s internet identity. As a result of its decentralized, peer-to-peer nature, Web 3.0 is able to put a cap on the data that is in the hands of the moneyed players within today’s market.
In the early 2000’s Web 2.0 was thought to be pinnacle of modern networking. However, with the advent of distributed consensus protocols, it has now become possible to enable trustless peer-to-peer transactions within domains which were initially thought to be inconceivable.