Over the past decade, the fast-growing web has slowly morphed into a highly centralized system in which a handful of large corporations control the infrastructure and platforms that make up the internet today. As one of the buzzwords in technology in 2021, Web3.0 is considered by some to be the next stage of today’s Internet (i.e. Web2.0); of course, some people think it’s just hype. In fact, Web3.0 can be understood as a decentralized Internet running on blockchain technology. It will continue to innovate and develop on the basis of Web1.0 and Web2.0, and play a greater practical role.
The technical foundation of Web 3.0 is blockchain
Blockchain is actually a decentralized computing protocol, which stipulates how different stakeholders can create and maintain a distributed computing infrastructure in a decentralized manner, so as to realize the relationship between "infrastructure management rights" and "user data control rights". To prevent a single platform from managing power through computing infrastructure, and to achieve control over user data, user assets, and user identities.
The blockchain is also a transparent and credible rights confirmation and traceability system. Once a right is digitized into a certificate on the blockchain, it can be reliably confirmed, and its circulation, transaction, conversion, and deformation can be tracked throughout the process. The whole process.
Blockchain is also a protocol creation and self-execution platform. Smart contracts are a concentrated expression of this capability. Through smart contracts, rights and value distribution agreements can be executed efficiently, accurately, and credibly without relying on a trusted third party, and the whole process can be audited.
Therefore, blockchain is an essential infrastructure for Web 3.0. But the blockchain is only a means, the purpose is to realize the confirmation and protection of users' digital asset rights and interests.
The paradigm of Web 3.0 is: user-created, user-owned, user-controlled, and protocol-assigned.
That is to say, in Web 3.0, the ownership of the digital content created by the user is clearly owned by the user and controlled by the user, and the value created is distributed according to the agreement signed by the user and others.
Under this system, these digital contents are no longer simple data, but digital assets, because their rights are guaranteed at the asset level.
This is similar to the market economy in the digital economy, which recognizes, respects and protects individual digital property rights, and exchanges value based on contracts.
If the market economy has greatly released productivity and improved the economic level compared with slavery and feudalism, then Web 3.0 should have a similar effect on the development of the digital economy compared to Web 2.0.
Web 3.0 Use Cases
The Web 3.0 revolution is not just about money and finance , but promises to decentralize venture capital, governance, supply chain, healthcare, lending, security, cloud computing and storage, education, insurance, digital advertising, and hundreds of other industries.
development trend
Web3.0 and encryption technology can solve a series of problems such as data monopoly and algorithm control. Exploring this problem requires thinking more fundamentally: open source. Many of the computer software and other products we use today are obtained through open source. Open source provides many basic components for many products we use, and these components are like the bricks that build a house. Web3.0 has a certain role in promoting open source.
In the era of Web 3.0, several global giant platforms will rise, and there will be one hundred times more entrepreneurial heroes and one thousand times more digital asset rich people than today, but we may not see the social network empire and digital oligarchs like today, at least hope in this way.
Web3.0 is a decentralized, trust-free, and license-free next-generation Internet. Users no longer need to trust centralized institutions, but can rely on code logic to ensure strict implementation of various agreements. Its core feature is the ownership of data It is owned by users, and each user can control their own identity, data and assets, and then control their own destiny and future.
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