What is Web3 and the way it might rework the web

Photo Getty Images

In our hyper-connected world dominated by net connections, it’s troublesome to think about that there are specialists arguing that the Internet requires a “huge remodel.”

Yet it’s exactly this omnipresence that has put an increasing number of technologists to work in what they name a “new phase” of the web.

They insist that this “second generation” web should change to be a lot smarter; which should evolve to change into a “semantic web” that, along with being extra environment friendly, provides us extra management over our information.

It is what they foresee with the arrival of the Web 3.0, which many within the business contemplate the “great internet revolution.”

The additionally referred to as Web3 it can enable machines to interpret a a lot bigger quantity of information. That will enable us to work together far more deeply with different customers from any platform, amongst different issues.

In this “new chapter” of the web we’ll not want complicated working methods or giant laborious drives to retailer data, as a result of completely all the things shall be within the cloud. And all the things shall be a lot quicker and customizable.

In normal phrases, it could possibly be stated that on the Web3 the machine will “collaborate” extra successfully with the human being.

But its foremost worth is the decentralization of the web: making a extra equitable community and disempowering the “internet giants”, as these behind the idea emphasize.

This is already having an echo in Silicon Valley and has been in improvement for years.

The time period was coined in 2014 by the co-founder of the cryptocurrency Ethereum, Gavin Wood.

Just as Tim Berners-Lee is taken into account the “father of the internet,” Wood is sometimes called the “father of etherum” for being its cofounder and broadcaster.

Etherum is the second most used blockchain protocol on this planet. And this know-how is the inspiration of the Web3.

Web3
Gavin Wood coined the idea of Web3 in 2014 | Photo Getty Images

Wood, creator of the open supply undertaking Polkadot, began from the concept that it was essential to “reshape the internet”: create a brand new structure with a particular protocol in order that companies have been decentralized.

To do that, the British software program engineer based the Web3 Foundation – to ‘fund analysis and improvement groups which are constructing the foundations’ of Web3 – and created Parity Technologies, a Berlin-based blockchain infrastructure firm for the’ decentralized net ».

But what does that imply about decentralization?

«Internet in its starting was an open and decentralized protocol. It started to be centralized within the 90s with the massive know-how that we all know as we speak ”, Ursula O’Kuinghttons, Director of Communication at Parity Technologies, explains to BBC Mundo.

«What you need with Web3 is return to the essence, originally, of what the web was: that no one controls to an amazing extent this communication device that’s so current in our everyday, “adds O’Kuinghttons.

A key part of the structure of the Web3 is blockchain technology, which makes it possible to create “blocks” and form data chains, and which we know mostly from cryptocurrencies.

If Web 1.0 (Web1) was based on hyperlinks and Web 2.0 (Web2) does so on social networks; Web 3.0 (Web3) will be based on blockchain technology.

“We have to be open-minded because blockchain is much more than a cryptocurrency. Web3 is much more interesting than the value of a token, ”says O’Kuinghttons.

In fact, the elements that make Web3 possible have been developed over the last few years and, in a way, it is already a reality.

But its technology has not yet been assimilated or used en masse by the general public.

“A quicker, safer and extra open net”

Colin Evran, who has been developing the Web for five years 3.

It runs the Filecoin and IPFS ecosystems, two protocols created by Protocol Labs, a blockchain technology company based in San Francisco, California, whose goal is also to “decentralize the online.”

“Much of my job is to speed up the transition from Web2 to Web3,” he tells BBC Mundo.

«Our goal is to update the web to make it faster, more secure, more resistant to attacks and more open.

To understand how Web3 will work and how fast and resilient it will be, we first have to understand how the internet was created and how it has changed over the years.

Web3
One of the objectives of Web3 is to give Internet users power over their data | Photo Getty Images

“If we glance again on the early days of the web – within the Nineteen Sixties and Nineteen Seventies – we see that the web existed even earlier than the online itself: it was an amalgam of cables and a community that ‘related issues’,” says Evran.

“Originally, it was a authorities undertaking referred to as Arpanet to switch data.”

In the early 1990s, the Web 1.0 took off, Evran continues. Sites like Yahoo were web pages static that were based on hyperlinks.

In the 2000s came the Web 2.0. The main improvement, says Evran, is that it “permits us to learn and write in a interactive, that cell and net purposes can ‘discuss to one another’ and that we will work together with them ”.

«The improvement of the Web 3.0 add to all this the institution of belief as a result of civil liberties shall be built-in into its underlying construction, “he argues.

He also criticizes the “centralization” of Web2.

“Just a few cloud storage service suppliers, banks and huge governments accumulate all the ability and may management and manipulate the info as they please to generate cash and nurture their pursuits,” explains Evran.

“We can’t belief that these companies aren’t manipulating our information,” he adds.

What then changes with the Web3?

“Change all the net structure!” Replies Evran.

For example, the expert says that Web3 “will enable customers to have entry to hundreds of information facilities all over the world and can have the ability to select who retains their information and the way.”

Amazon, Google and Microsoft currently lead the market for cloud data storage.

The first company, with its subsidiary AWS, controls 41.5% of the total, according to McAfee data from 2019. It is followed by Azure, from Microsoft, with 29.4%, and Google Cloud, with 3%.

These three companies have half of the 600 large data centers globally, according to a report by Synergy Research Group.

Web3
Amazon Web Services (AWS) Controls Over 40% of the Data Warehouse Market | Photo Getty Images

On the other hand, Evran explains that on the Web3 there will be “clear mechanisms” to verify data and eliminate problems such as fake news.

As for the more technical part, there is the question of protocols: «When you open Google or another browser and go to a website, you use the HTTP protocol; you ‘tell’ that protocol to look for a file for you in a specific location. “

“It is as if to find a book you had to do it through the New York Public Library. If that library collapses or the government puts in a security guard, you can no longer access the content. It is a centrally controlled structure. ‘

In the world of the Web3, each copy of the book will be compressed in a cryptographic algorithm that cannot be manipulated. And we can share it even being connected to the network, “sums up Evran.

HTTP is the communication protocol that currently governs the internet and works as a centralized server | Photo Getty Images

Is about peer-to-peer (P2P) technology that allows to exchange resources peer to peer, directly between several users, something that, according to Evran, is not possible with the current Web2 and the HTTP protocol it uses.

Úrsula O’Kuinghttons explains that Web3’s blockchain technology is very secure and that “so far, in more than 10 years, no one has been able to hack.”

“The issue of security is crucial in the era in which we live because our lives and our data are increasingly turned on the internet,” adds the specialist.

A slow process

These changes are expected to give Internet users more power over the information they access and the data they share and, ultimately, create a freer and more equal internet.

But the promise that Web 3.0 is capable of ending the hegemony of tech giants like Google or Facebook raises doubts.

There are some skeptical voices, such as Elon Musk, who posted an ironic comment on Twitter a few days ago: Has anyone seen Web3? I can not find it”.

Or that of the co-founder of Twitter, Jack Dorsey, who said that Web3 “is a centralized entity, but with a different label ”.

But Colin Evran doesn’t lose his enthusiasm.

“The move from Web1 to Web2 was a huge transition that took many years. The transition from Web2 to Web3 is inevitable, but It won’t happen overnight but in several years. He is still taking his first steps ”, he replies when requested about skepticism.

“The variety of builders concerned on this are clear indicators that those that construct the web of the longer term are betting on Web3,” he adds.

He believes that Web3 «will update the internet with a completely new paradigm and much more democratic than Web2 ″.

“If we focus on developing the Web, in the next five or 10 years we will get the data back in the hands of users. And that is the world that I want for myself and for my children.

We are nonetheless on the daybreak of Web3… | Photo Getty Images

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