Web 3.0 Definition: What is web 3.0?
Web 3.0 is all about a more transparent and fair network where everyone can participate without fearing a loss of privacy and security. The shift from Web 2.0 to 3.0 is evident with the evolution of technology around us. Technologies such as artificial intelligence, big data and others will make it easy to provide more personal web experience than ever. Also, web apps will be more intuitive and will make more accessible for people to use it in their daily lives. We now have a lot of Web 3.0 examples that we will discuss in this article.
The introduction of blockchain has also changed how the Web 3.0 will work. As we already mentioned, the focus will move to the users rather than the corporation.
Corporations such as Facebook or Amazon are buying organizations and also running campaigns that inversely aim to control the people from accessing limited services. Facebook as running their campaign to provide free access to developing countries whereas Amazon directly bought Washington Post. Even though, this might not look like anything threatful, having a considerable control over the market can sooner or later let corporations control its behavior and outcome.
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Benefits of Web 3.0
We are moving through a revolution that can change our lives completely. Web 1.0 was all about building the basic technologies and ability to connect through the internet. Web 2.0 took ahead what Web 2.0 has to offer. However, it was primarily controlled by organizations and corporations for their self-benefit.
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Decentralized exchanges Web 3.0 examples
IDEX: IDEX is a popular decentralized exchange for trading ERC-20 tokens. It provides a good interface for users and anyone with an ethereum wallet can start trading on the platform. To make the best use of IDEX or any decentralized ethereum based exchange, you need to use MetaMask.
EOSFinex: EOSFinex is a decentralized exchange that runs on the top of EOS.IO software. It is currently in development by Bitfinex, one of the largest centralized exchange out there.
This concludes decentralized cryptocurrency Web 3.0 websites. The examples that we listed fit the Web 3.0 examples.
Benefits of decentralized cryptocurrency exchanges
- Cheaper transactions
- Faster transactions
- Hard to hack due to decentralized nature
- Works well with hardware wallets
- Users control their own funds
However, the decentralized exchanges are not free from negatives. They are always hard for users to use and understand. This means that decentralized exchange has a learning curve attached to it. The current generation of decentralized exchange also suffers from the lack of features and functionalities. However, with time, we will see the more advanced decentralized network at par with the centralized counterparts.
Messaging has been part of our lives from the day we started using the internet. Well for most of us, it is either using WhatsApp or Facebook messenger. Other messenger types include Telegram which is mostly used by startups, business and other forms of professional work. Even though, the current generation of messengers don’t have too many negatives attached to it but does carry the problems of social media platforms that we discussed just above. Telegram, however, knows the impact of blockchain, and is on their way to develop a decentralized messenger app.
WhatsApp, for example, initially suffered from non-safe transmission of messages between users. Later, they fixed it with the HTTPs implementation. However, many reports showed that Facebook (who owns WhatsApp) access the user’s data and use it to display contextual ads to the users when they browse the internet. This means that user’s privacy is hampered and Facebook using the messenger data to fuel their advertisement system.
The government, on the other hand, also tends to run their network of intelligence to track down messages and that is only possible because of centralized solutions.
The solution is Web 3.0 powered apps such as e-Chat, ySign, Obsidian, Riot and so on. All of these take advantage of blockchain and ensure that the privacy of users is maintained.
Messenger Web 3.0 Examples
e-Chat: e-Chat is a decentralized blockchain powered Web 3.0 app that offers secure messenger. It is also one of the fastest growing social networks. By using this messenger, the users get real freedom and can also send cryptocurrency through it. The e-Chat app is already available on App Store and Play Market. It is a great example of Web 3.0 websites.
Obsidian: Obsidian is a promising Web 3.0 project. It is based on STRAT and is powered by their Stratis coin. It is a messenger of the next generation of users. It provides a secure environment where users can communicate or even send funds to each other.
ySign: ySign is yet another communication messenger that is a perfect example of Web 3.0 example. It is set to change the world of messengers with its solution.
This leads us to the end of Messenger Web 3.0 websites listing. These examples fits well within the Web 3.0 definitions.
Benefits of Decentralized messenger
- Send assets fast and in a secure way.
- Your data cannot be used for advertising
- Fast transactions
Even though there are plenty of advantages to Web 3.0 messengers, it still has drawbacks. For example, criminals can use decentralized platforms for sending data and information which cannot be traced by authorities. It can also be used for illegal asset transfer.
There is a lot of innovation that goes into data storage. However, the current state of data storage can be changed with Web 3.0 technologies such as blockchain and big data. As a normal user, we store data on Google Drive and other cloud storage solutions on the internet. For the companies, it is an entirely different story as they prefer a more robust and centralized solution to store their valuable data.
The data breach at Linkedin was the worst as it exposed the username and password for 117 million Linkedin users. Uber also meet a similar fate when data of 57 million Uber customers were stolen. The breaches were partly because of the data store they were using.
Current storage systems are also centralized meaning that the data can be manipulated or used for doing other forms of activities such as selling the data to 3rd parties for advertising purpose.
The solution is, of course, decentralized data storage. The current storage solutions such as Google Drive, Dropbox, etc. to store your data, but they also have access to it. There were reports that Google read Google drive files. However, those reports were not proved with any conclusive evidence.
The solution to all of the above problems is decentralized data storage. Storage solutions are best Web 3.0 examples out there. Many Web 3.0 use cases can be utilized in the storage space. Some of the examples include Filecoin, Storj, MaidSAFE and so on.
Decentralized Storage Basics
The basic idea behind decentralized storage is all about sharing files and data through a peer-to-peer connection. The security in decentralized storage is also top-notch as the sender can simply encrypt the files and then send it to the receiver. It can also break the files into pieces and then send it.
Hosting will also be completely possible with a decentralized solution. The hosting will simply keep a shard file that contains the file content in an encrypted format. A hosted file can also be recalled using the private key.