It has only been almost three decades since web is introduced. It started with static text and images. Then came web2, which brought us to the modern internet. We are now at the beginning of web3, which envisions data being seamlessly transferred across a decentralized platform where ownership and control are distributed.Web3 enables peer-to-peer interactions without any intermediaries and centralized platforms. It uses the technology stack that is based on decentralized blockchains. Cryptocurrencies and tokens power the economies and business models of web3.
Web3 will be the marketplace of choice for all businesses in all industries, and it is expected to become a major player in 2022. It is built on the concept of edge computing, blockchain, cryptocurrencies, NFTs, and virtual reality. Web3 development has seen a significant increase in popularity as more businesses try to integrate their products into this new space.Recent Google search trends show that web3 interest has risen by 33% in the last few months, which suggests that businesses are more interested in migrating from web2 to web3 space. Furthermore, web2 to web3 migration is a transition from application-centric design to a user-centric ethos of decentralization.
What is web2?
Web2 is the second generation of the World Wide Web, also known as the “read/write “web. It is a move to interactive functionality and compatibility through the following features:
- User-generated content
- Transparency in data and integrations
- The web is a platform and not a network
- Software as a Service (SaaS) via API implementation technology
What is web3?
Web3 is the “read-write-own” mode of the internet that uses blockchains, NFTs and cryptocurrencies to empower the users in the form of ownership.
Features of web3
Decentralized – Unlike web2, where the internet is controlled and owned by centralized entities, web3 allows ownership to be distributed amongst its users and builders.
Permissionless – Everybody has equal access to web3, and nobody is excluded.
Native payments – Web3 uses cryptocurrencies to send and spend money online instead of relying upon the old infrastructure of banks and payment processors.
Trustless – It uses incentives and economic mechanisms to operate rather than relying upon trusted third parties.
Read More : https://www.leewayhertz.com/how-to-migrate-a-web2-application-to-web3/
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