5 MAIN BENEFITS OF WEB3
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Web3 is a new and rapidly developing technology that will forever change how we use the Internet. It will be a while before its full potential manifests, but we can already see some of Web3’s unique benefits:
- OWNERSHIP: Web3 is powered by blockchain technology and decentralization, democratizing content creation and eliminating the middleman. Web2 relies on social media sites to store, distribute, and benefit from content. Web3, in contrast, allows users to earn tokens for their community participation and activity directly. These tokens have actual monetary value and give users meaningful ownership of their projects.
- PRIVACY: A decentralized identity system allows you to control your online identity and personal information. In Web3 you get more fine-tuned control over what information is available about you online and who can access it. Moreover, you get a cryptographically secure way to prove whether the information is accurate.
- SECURITY: Unlike the current system, where information can easily be copied or stolen without the user knowing, blockchain technology is secure and tamperproof; data cannot be changed or hacked without the interference being detected. However, there might be many unsecured web3 applications, and it is recommended only to use audited web3 applications.
- OPPORTUNITY: Web3 projects are open source, and anyone can build on top of other projects. Web 2.0 worked with limited API access, but Web 3 works like Lego blocks, where every part can be interconnected and reused. This is called “composability” This paves the way for leveraging existing projects to create something new, making it easy to generate innovative new projects with real value.
- COLLABORATION: Web3 runs on a DAO (Decentralized Autonomous Organization), a new management model without boards and executives. DAOs instead operate according to a set of rules written in code, allowing an unlimited number of people to participate in it. It is estimated that many traditional companies will change their operating model to DAOs in the next 10 – 15 years.
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Excellent concise explanation of benefits of web3. Also some cautions about security. Thanks.
Thanks Michael, nice to hear your comment. Hope you also like the other infographics we have prepared.
Thanks for the explanation! It would be great to learn more about how the middleman is going to be removed (and how they are going to try to avoid that), and also which middlemen. Even, in theory, there won’t be a necessity for big servers anymore as individuals will act as nodes to keep the snake alive, how are we going to go over [each-country] grid’s head to really not depend upon any middlemen?
Excellent post. Super concise explanation of benefits of web3. I am essentially satisfied with your amazing info. Glad to be one of several visitants on this amazing site.
There’s a lot of cool technologies bundled within the concept of Web3. And such a project as the Utopia p2p ecosystem – https://u.is/ is great proof of that.
It’s an uninterrupted working project that provides safe and reliable communication between people around the world.
Thanks for sharing this post as it contains a lot of useful details.
As a Certified AI Professional, I’m thrilled to discover the 5 main benefits of Web3 through this insightful infographic, and I can’t wait to further explore its potential with the Polygon Web3 Course – a promising step into the decentralized future!.
Thanks for your comment, we surely need a lot of Web3 profesionals. I personally like Polygon a lot.
Thanks for sharing a valuable article… Keep posting
Thanks for taking time to leave a comment. Web3 is still so new thing and a lot more education is needed.
Fantastic infographic showcasing the benefits of Web3 – eager to explore more and potentially become a certified Web3 hacker to unlock its full potential.
Thanks for your comment, it took quite a while to prepare this infographic
well done if writing my dear friend.
Thanks for taking time to comment