What is Web 3.0?
Why do Twitter founder Jack Dorsey and Elon Musk think it is a scam?
And what difference does this technology make to us?
Today, let us understand in a simple language THE FUTURE OF THE INTERNET!
The Article is going to be quite exciting, So please read it till the very end, And tell us what do you think.
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Before we understand what Web 3.0 is, Let’s understand the history of the internet.
From 1991-2004, we saw the first generation of the internet. The internet looked somewhat like this
The internet we see today is quite different from the internet back then Today, sharing photos, videos on the internet is normal.
Internet was something like this
It was only a newspaper
You could see a static page on your screen, where you could only read text. Basically, interaction was ZERO!
Internet was a one way communication tool, We were the consumers. Whatever the internet threw at us, We would collect it and consume it. That’s it…
Something happened in 2004 that changed our lives, Users were not only consumers anymore, We ourselves started giving these websites content.
Think about it.
How many videos does YouTube make and upload? Does Instagram upload daily Reels on their account? How Many tweets does Twitter post on its account?
But we make videos, We create content! , We dance on Reels And we get involved in political fights on Twitter.
Out of all the content there on the internet 86% content is produced by the users, not by the companies.
But the story does not end here, Just imagine 100 years ago, if you had to send a message to your girlfriend,
What would you do? You would write a letter and hand it to the postman to deliver the letter. But the postman turned out to be sneaky
He opens the letter and reads it. You might find it a little difficult to understand this, Not because you’ve never written a letter before, But because you are single.
Jokes apart, But this is what the internet companies do today, They read our data. They use this data to show us ads and sell products.
But what choice do we have? If we want to do anything on social media, we will need a postman.
The biggest problem of Web2.0 is “LACK OF PRIVACY” Total control with the companies.
But Web3.0 is trying to solve this very problem with blockchain. You will now be the owner of your content. There are plenty of obstacles in the way to reach this simple result, Which Web3.0 is trying to solve one by one.
But before we understand the challenges Web3.0 has to solve ……(Sponsore)
The first obstacle is identity.
When I search on Google: “How to make Dalgona Coffee.”
Google knows my identity, It knows how many times I go out in a week And how many times I order in.
Google gets soft signal to show me more coffee shops And for this, Google charges money from those brands.
So ultimately, I am the product.
Incognito doesn’t really work. Your search history can be erased form your device, But the internet remembers your identity and this identity can be misused.
But Web3.0 gives you an entirely new identity, Just like superheroes hide their true identity So that villains can’t use it against the superheroes so that the villains do not exploit their weaknesses.
Similarly, we will be able to mask our identity.
The second obstacle is Censorship:
No matter how much all social media platforms lecture about the importance of freedom of speech, Ultimately, only a few people actually control, what goes on the platform and what does not.
Should Twitter or any social media platform have so much control and power in their hands?
That they decide who is right and who is wrong?
Going one step forward, Platform like Twitter can take political sides.
Someone must be deciding these policies, right?
Big CEOs are forcing their ideologies on people. They have become the gatekeepers of information.
In this web3.0, there are no ceo.
Code Will Decide!
These are called DAOs. Decentralized Autonomous Organizations. Basically, the rules of the game will already be decided.
2 years ago, Carry Minati’s video went viral And it was deleted in a few days of being uploaded.
The reason for the video deletion was that the video breaks the YouTube Community guidelines.
But the rules and guidelines are not really clear.
How will the platform know what is right or wrong? What is offensive and what isn’t offensive?
Rules in DAOs are cleared through smart contracts So then, there won’t be any one human deciding but a code that will decide what content will remain and what content won’t remain.
Maybe the code will stop offensive content before it is even uploaded?
Do you want to know what DAOs are?
If you want to see this article, tell us in comments.
The third obstacle is Ownership:
We are uploading video on Facebook, Youtube, Instagram. But still, we don’t own this video. The video is owned by platform!
Ads will be run on this video! But which ads will be run? The ad rate won’t be decided by me but by the platform.
How much of that ad revenue is my share and how much the platform takes is decided by the platform, In fact how many viewers will see this video also… depends on the platform really.
What is really in my control?
WEB3 GIVES YOU THE CONTROL!
That means no middleman. The postman is Gone!
Who can watch your content? How much money to charge for this content You decided all these things.
These things seem quite futuristic And to be honest, quite impossible right now, But the truth is, people laughed at the present internet as well.
Is Web3 A Scam?
Some people call Web3.0 a revolution And some people consider it to be a scam.
People think crypto currencies are democratic in nature But they think one person cannot control everything, But take a look at this chart.
Only a small percentage of coins are available for public sale, The other coins are already held by insiders and founders.
That means you can be a crypto millionaire. But before you, some insiders would already be crypto billionaires because they hold the most coins!
That means it’s similar to what is happening right now, right?
#RISHTA WAHI SOCH NAY!
Too much privacy can also give rise to crime. The police can catch and track trolls and thieves today But when things are completely private and anonymous What happens then?
Cyber crime is bound to increase.
When the Facebook-Cambridge Analytica scandal broke out The US Govt questioned Mark Zuckerberg mercilessly, “Who takes responsibility for scams in Web3.0?”
Someone has hit the nail on the head, “If you want to see someone’s true face, Put that person behind a mask.”
A few weeks ago, $30 million worth of crypto was stolen form Crypto.com
Crypto.com is not a small company, but it was impossible for them to find the thieves.
Blockchain is not perfectly secure. It is too early to shift 100% on blockchain.
It is too early to shift 100% on blockchain. Because of all these problems, between Jack Dorsey and Balaji Srinivas Where some Web3.0 developers blocked the Twitter founder.
Elon Musk too mocked Web3.0 and said “Has anyone seen Web3.0? I can’t seem to find it”
All this drama is happening on the internet. We are living in exciting times.
If you learned something new from this Article follow us for more such Articles.
Because Web3.0 is an idea It is not easy to call it right or wrong today.
The more freedom people get The more this freedom will be abused.
What do you think?
Is Web3.0 our future? Or is it a scam?
You can see this video for more knowledge
Tell us in the comments and asking you this futuristic question today make a difference to me!
Share the truth!
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