Web3 has a lot of potential, but whether it’s too idealistic to put into practice will be something everyday users will discover over the next decade. For now, learn more about the next iteration of the internet, promoting decentralized protocols.
Web3 – also known as “Web 3″ or “Web 3.0″ – is a term you may of heard thrown around a lot lately. It simply refers to the next iteration of the internet that promotes decentralized protocols and aims to reduce dependency on large tech companies like Youtube, Netflix and Amazon. But what is it, and why is it on everyone’s minds?To understand Web3, it makes sense to understand what came before.
Web 2 came next. Some people call this the “read/write” version of the internet, in reference to a computer code that lets you both open and edit files rather than just view them. This version of the Internet allowed people to not only consume content, but create their own and publish it on blogs like Tumblr, Internet forums and marketplaces like Craigslist. Later, the emergence of social media platforms including Facebook, Twitter and Instagram took content sharing to new heights.
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