The Difference Between Web2 and Web3
The Internet as we know it today is referred to as Web2. This version of the internet is dominated by companies that provide services in exchange for your personal data. Web3, in the context of Ethereum, refers to decentralized apps that run on the blockchain. These are apps that allow anyone to participate without monetizing their personal data.
In this blog post, we’ll explore the differences between these two versions of the internet and how they pertain to your business.
What is Web2?
Web2 is the version of the internet most of us are familiar with. It’s a centralized network where companies provide services in exchange for our personal data. The most popular examples of Web2 applications are social media platforms like Facebook and Twitter.
The problem with this model is that it gives too much power to these centralized entities. We’ve seen time and time again how these companies can abuse their power, whether it’s by manipulating our news feeds, selling our data to advertisers or censoring our content.
What is Web3?
Web3, in the context of Ethereum, refers to decentralized apps (dapps) that run on the blockchain. These dapps allow anyone to participate without monetizing their personal data. With dapps, there’s no central authority controlling the platform; instead, decisions are made by consensus among the users.
Ethereum is often called “the world computer” because it allows developers to build decentralized applications that run exactly as programmed without any possibility of fraud or third-party interference. This makes dapps much more resistant to censorship than traditional applications.
So, which one should you use for your business? The answer depends on your goals and objectives. If you’re looking for a platform that’s resistant to censorship and offers users a greater degree of control over their personal data, then Web3 is the way to go. However, if you’re more interested in reach and scale, then Web2 is still the dominant force on the internet.
Come chat with us at iluminere. We are a digital agency in Dallas, Tx that can help you with UX design, development projects and deciphering between Web2 and Web3.