This article aims to quickly introduce you to what Web3 is, how it differs from the internet we currently use, and why it is referred to as the next generation of internet revolution, in a concise and easy-to-understand manner. By reading this article, you will gain a preliminary and comprehensive understanding of the core concepts and importance of Web3.
What is Web3? A must-read for blockchain beginners, understand the next generation of internet revolution in 5 minutes - php Chinese Network
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What is Web3?
In simple terms, Web3 is considered the third phase of the internet. If Web1 was static web pages that could only display content, and Web2 allowed users to create and interact (such as social media, blogs) but with data and platform ownership concentrated in the hands of companies, then the core of Web3 lies in decentralization and user ownership. It is built on distributed technologies like blockchain, aiming to give users back control of their data and digital assets.
What is Web3? A must-read for blockchain beginners, understand the next generation of internet revolution in 5 minutes - php Chinese Network
Core Features of Web3
Web3 has several key differences from previous internet models:
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Decentralization: Web3 applications do not run on a single server but are distributed across many nodes in the network. This means no centralized entity can easily control or shut down the entire system.
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User Ownership: In the Web3 world, users' digital identities, data, and assets (such as digital collectibles, game items, etc.) are typically owned and managed by users through cryptographic technology, rather than being hosted by platforms.
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Transparency and Verifiability: Activities in Web3 based on public blockchains are usually transparent, and anyone can verify transaction records, while users' identity information can remain anonymous.
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Permissionless: Anyone can build Web3 applications or participate in the Web3 network without needing approval from centralized authorities.
What is Web3? A must-read for blockchain beginners, understand the next generation of internet revolution in 5 minutes - php Chinese Network
Why is it called the "next generation of internet revolution"?
Web3 is seen as a revolution because it changes the underlying power structure of the internet. In the Web2 era, a few large tech companies held the vast majority of user data and network power. Web3 redistributes this power back to users and communities through technological means. This opens up many new possibilities, such as decentralized finance (DeFi), digital ownership brought by non-fungible tokens (NFTs), and decentralized autonomous organizations (DAOs) governed by users and communities.
This shift in model encourages users to rethink their roles in the network, transforming from mere consumers and content contributors to part owners and governors of the network.
How to understand the operation of Web3?
Understanding Web3 hinges on understanding blockchain technology. Blockchain is a decentralized, immutable digital ledger. All transactions or information on the blockchain are packaged into blocks and linked together in a chain structure, maintained and verified by multiple participants in the network. Web3 applications are programs that run on these blockchain networks.
For beginners, it is recommended to start with the basics of blockchain knowledge, which will help you better understand how Web3 operates and its implications.