'Here’s Everything That Web2 Developers Need to Know About Web3' by Isamiranmondal web3writingcontest web3
Despite being in its initial stages, the idea behind Web3 is the democratization of the internet away from the corporatization that we see today. Current Web3 applications include Decentralized Finance , play-to-earn, Non-fungible tokens , and decentralized autonomous organizations .The web evolution can be broken down into Web1 as read-only, Web2 is read-write while Web3 is read-write and own.
Eventually, these silos of data became a good ground for advertisers, research, and political purposes. Among the most notable cases include the Cambridge Analytica scandal of 2018, when a firm harvested the personal information of 87 million people to create psychographic voters' profiles to influence elections.
One notable benefit Web3 brings to the table is data security, restoring privacy to the users. While the internet has been a phenomenal invention, users have come to lose trust in its operations over the years, especially due to the actors behind the operations. Web3 serves a more extractive approach between users and platforms granting users the power to choose what to share and what to keep private.
This is because, with Web3, users own their identity online and only reveal parts of that identity only when they wish to do so. To improve the verification process, developers may include a self-sovereign identification process for their apps.
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