The software development industry is responsible for some of the most significant technological advancements. It's hard to imagine a day without checking the news online, messaging, or browsing social media. Since the 1960s, the internet has undergone many changes.
We used to have static websites, dial-up connections, and no add-ons or extensions, with designs that were less than appealing.
Unfortunately, many internet users still don't know the
Let’s compare web “versions”, and retrace the evolution of innovative technologies and why it’s important for the current generation.
The early
The development cycle soon became easier, and we got web apps or Web 2.0 examples. The dynamic content becomes popular, and users get the opportunity to interact through social media platforms. Web2 allows website owners to have control over content moderation on their sites.
However, we still have central authority with users not really controlling their data.
The simplest explanation looks like this:
Web1: Read
Web2: Read/Write
Web3: Read/Write/Own
And the visuals would be like this:
If we have so many web apps with increased user experience and user-generated content, why would we need web3 technology? As with anything generating income, the competition has changed the way websites are run.
The intermediaries (tech companies) affect the user-to-user interaction model by establishing complete control: regulations, policies, censorship, algorithms, and approval.
Web 2.0 examples have become a place dominated by companies that provide services
In the current state of the web, centralized platforms always ask for data to use in commercial ways (we agree to it as it looks convenient).
Also, there’s
So, the key differences between Web2 vs Web3 apps are data ownership, content ownership, and user behaviors.
The idea behind Web 3 is closely connected with distributed ledger technology or
In fact, the blockchain allows the building of decentralized applications where every user can be the only owner of their content.
As for now, there are not many web3 examples due to “technology limitations.” The enthusiasts of Web3 technologies are painting a free virtual world with no middleman. The role of the community will be more significant with peer-to-peer interactions.
Web apps that use decentralized systems won’t have completely different use cases and industries. They will exist in parallel with apps ranging from browser technologies to social networks and financial systems.
Let’s create an analogy to understand how a decentralized version of Twitter will work. Now, it’s a web2 app with its own rules and policies (and one interesting owner in Elon Musk). If you violate the policies, the Twitter algorithm or moderator will ban the account.
If Twitter was a decentralized social network, we will have to remove administration. In case someone breaks community rules, there will be “content voting.” Or no “ban” at all. The last option makes Web3 technologies similar to Dark Web (which is among Web 2.0 examples technically) but with less control and unfiltered content for users.
Despite promises to revolutionize the way software is developed, Web 3 has a long way to go. Its core features are decentralized protocols, tools, and services that enable developers to create decentralized applications (dApps).
Unlike Web2 interactive applications–Web3 allows users to engage directly with blockchain-based smart contracts without hosts, providers, business owners, or enterprises. This decentralization has implications for future software projects and community development.
If you think Web3 is all hype, you’d probably be right. Not in every case, though. Web3 examples are certainly not mature yet but overly sophisticated in building.
If you need to get insights on how blockchain, crypto, and web3 technology are creating a new direction in technology, look for actual research and
Web2 is at this stage when people are frustrated at policies, data privacy, algorithms limiting their content, and tech companies getting all-controlling. Not all users are actually bothered by these, but the supply of decentralized apps would grow according to demand.
Web3 technologies will have an impact on the overall software industry. Web2 to Web3 migrations aren’t a likely thing to happen soon. However, there will be a segment of decentralized apps (dApps) built on blockchain and powered by artificial intelligence.
Payment services could be set up with cryptocurrency. The development of such solutions will require niche-experienced developers with inventive minds.