An attempt to unravel the Similarities and Differences. The concept of “Web3” was introduced in 2014 by Ethereum co-founder Gavin Wood as a means to challenge the centralized control of major Web2 players like Facebook, Amazon, and Google. It aims to create a decentralized version of the internet. “Web3” and “Web 3.0” are often used interchangeably to describe the third generation of the World Wide Web, characterized by increased decentralization, autonomy, and interoperability. However, the terms can have nuanced differences depending on the context.
Specifically, “Web3” refers to the movement towards a decentralized web architecture, where data and applications are distributed across a network of nodes instead of centralized servers. This approach offers enhanced security, privacy, user control, reduced censorship, and improved resilience against outages.
On the other hand, “Web 3.0” is a broader term encompassing the vision for the future of the web. In addition to decentralization, it involves advanced technologies like artificial intelligence, the semantic web, and the Internet of Things. The goal of Web 3.0 is to create a more intelligent and interconnected web, facilitating easy access, sharing, and understanding of information for both humans and machines.
In summary, “Web3” focuses on a specific aspect of the larger “Web 3.0” vision.
Here are some recommended articles for further reading on the topic.
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