ladyj (ladyj)

A brief intro to web3 Web3 can simply be said to be the evolution of the internet from its onset till date beginning from web1 ,2 and now 3. Web1: This era of the internet spans from 1989 to 2004 depending on regions. In this era information’s are dispersed from a centralized (Single location or server) portals examples like YAHOO (1994) and promotion sites like SPACE JAM (1996). Web1 is popularly known as the read only web (users can only read news or any available updates), not that sharing wasn’t allowed but sharing of data was restricted to a particular set of people with certain liberties like gadgets and skills (technical or knowledge of programming).

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Web2: This is the era of the internet spans 2004 till present and is popularly referred to as the read and write era (users can now read, comment and share data with each other). This era is highly based on User-Generated Content (UGC) with popular examples like FACEBOOK (2004), YOUTUBE (2005), and TWITTER or X (2006). Although this era addressed the issue of being able to pass information freely by users without requiring advance knowledge of programming, it still had a down of centralization i.e. users had no control over the information they put out there while signing in or up on these platforms and they intentionally and unintentionally give permission to these centralized organizations to give off these data to other organizations that required the data which leads to various adds being displayed while users use applications like FACEBOOK, YOUTUBE and X.

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Web3: This is the newest of the evolutions of the internet which simply put gives power back to the users to control their data and its usage (Decentralization) so its popularly called the Read-Write-Own era of the internet and it’s foundation began from 2009 with the launch of BITCOIN but the WEB3 ecosystem took shape fully in 2014 till present which instead of centralized databases or servers runs-on the blockchain technology which is transparent , secured and immutable. 1. Web3 presents users with authority and a sense of belonging via the Decentralized Autonomous Organizations (DAOs) as users can now not only control how their data are being used and shared they can also give suggestions and vote on features/updates they would love to have on Decentralized Applications (dApps), and also provide other sources of financing i.e. Decentralized finance (DeFi).

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