'Is Decentralization of The Internet a Reality or Utopia?' cc: oct_network web3 whatisweb3
The advent of Web 3.0 has been predicted for several years, but the new iteration of the Internet has not been put into a common practice yet. In the Web 1.0 era, there were no platforms, and therefore no censorship, no specific laws, no rules. Web 2.0 refers to worldwide websites which highlight user-generated content, usability, and interoperability for end users. Web3.0 promotes decentralized protocols and aims to reduce dependency on Tech Giants.
Today web3 meets serious challenges. For instance, existing blockchains are not sufficiently decentralized and that is quite a problem. In this article let’s recall the generations of the Internet, elaborate on the importance of people’s trust in technology corporations and come to a conclusion whether decentralized services will replace big tech leaders in the nearest future or not.
The advent of web 3 — also known as “web3″ or “web 3.0″—has been predicted for several years, but the new iteration of the Internet has not been put into a common practice yet.web 3.0 is more of a “marketing buzzword” than a reality. So let’s find out if decentralization of the Internet, the key feature of web 3.0, is a new reality or just an a priori failed idea.Web 3.0 promotes decentralized protocols and aims to reduce dependency on tech giants. To understand the concept of web 3.
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