What is the Web3?

The evolution of web 2.0 brings the promise of decentralization, blockchain technology, and transforming users into owners.

Web3 interacts with the evolution of the internet as we know it, and its main characteristic is that it will be a decentralized internet using blockchain technology.

The open web

Web3 is defined as open, where the cost goes much more to the creators and users and not both to the companies.

Fernando Tricas is a computer science teacher at the University of Zaragoza, and defines himself as an “agnostic” on the subject, mostly because he considers that the web3 seems more theoretical than a reality for now.

Semantic Web. Web3 or Web 3.0

The name web3.js is a collection of modules to interact with Ethereum nodes through different protocols that would allow interaction with the Ethereum blockchain and this would link, in a certain way, the web3 with Ethereum.

He named it the Semantic Web, which aimed at increasing information on the web with the intention that not only individuals could already read its contents but also machines.

In naming web3 they decided to disregard this part of web storytelling or the form of computing, making a new branch differentiating it from the previous web 3.0.

In the end, web3 could be taken into account as a subset of crypto or a rebranding since in the end what web3 seeks is to be transparent, private, capitalistic, or democratic.

Wallets in Web3

Identity is going to be tied to the wallet or digital wallet of the customer participating in it, as digital wallets are entirely anonymous unless the customer chooses to publicly link them to their identity.

Since web3 promises to be a model where you must have, you must own tokens or digital assets to participate.

What will web3 decentralization look like?

There is no server initiative in blockchain-based decentralized networks: each node can store and disseminate content.

Web3, therefore, has a model with provider freedom. Because the blockchain cannot be censored, the decentralized composition of such blockchain nodes allows the network to have fewer vulnerabilities.

Freedom on the web3

It is conceivable that replication models or larger amounts of content could appear on the blockchain. But censorship or prohibition of certain content becomes much more difficult, because of the blockchain’s characteristics.

Conclusion

This new website promises a new and complete integration with digital assets and blockchain technology, hopefully, this will mesh well and more people will have access to the new website3.