It has been nearly three decades since the introduction of web. It all started with static text, images and then moved to web3. Web2 was the next step, which led to the modern internet. Now we are at the start of web3, which allows data to be seamlessly transferred across a distributed platform where ownership is distributed and control is distributed. It utilizes a technology stack that is based upon decentralized blockchains. Blockchains and tokens are the engine of the web’s economies and business models.
Web3 will become the marketplace of choice for businesses across all industries and is expected to be a major player by 2022. It’s built around edge computing, blockchain and cryptocurrencies as well as NFTs and virtual reality. Web3 development is gaining popularity as more companies try to integrate their products in this new space. Recent Google search trends indicate that web3 interest has increased by 33% in the past few months. This suggests that more businesses are interested in moving from web2 space to web3. Web2 to web3 migration represents a shift from an application-centric design to a user centric ethos of centralization.
What is web2?
Web2 is the second generation Web. Also known as the “read/write” web, it is also the second generation of World Wide Web. It allows for interactive functionality and compatibility by using the following features:
- Content created by users
- Transparency in data integrations
- The web is not a network, but a platform
- Software as a Service (SaaS), via API implementation technology
What is web3?
Web3 is the “read/write-own” mode on the internet. It uses blockchains, NFTs, and cryptocurrencies to empower users in the form ownership.
Web3 Features
Web3 is decentralized – This is in contrast to web2, which has internet controlled and owned by central entities. Instead, web3 allows ownership of the internet to be shared among its users and builders.
Permissionless – Everyone has equal access and no one is excluded from web3.
Native payments – Web3 uses cryptocurrency to send and receive money online, instead of relying on the legacy infrastructure of banks or payment processors.
Trustless – It relies on trusted third parties to perform its functions, but uses economic and incentive mechanisms.
Read More : https://www.leewayhertz.com/how-to-migrate-a-web2-application-to-web3/
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