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Ways In Which Web3.0 Is Proving To Be The Future Of The Internet

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@funshee
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Through the invention of blockchain Technology the world of internet is witnessing a great changes. Starting from

web1 Which can be refer as read alone Web to web2 where users can interact with one another through the use of traditional social media and now to web3.0 has shown by all indication that it is the future of the internet. The following listed ways have proven how web3.0 is taking over the future.



Web 3.0 is the third generation of the evolution of web technology that uses blockchain as foundational layer for which other applications and appliances are build.


Decentralization System:


On web3.0 the power belongs to the community instead of a few centralized authority through the use of witness votes. These witnesses are tasked into producing blocks to keep the chain running smoothly and they are being kept as witnesses by the community. Users gets to decide who governs the community, who stays and who goes.


Better identity management:


Web3.0 provides better identity management, as you can use just one identity to operate in different applications as much as they are built and linked to a single blockchain. For instance, I can use my Hive user name to login and operate different frontends and applications, such as 3speaks, leofinance.io, peakd, and all other applications built on the hive blockchain. This also comes with strong user privacy. On web3.0 everyone can so choose to operate anonymously without running the risk of data compromise.


Individual ownership:


Unlike web 1 and web 2 social media where users' accounts and contents are controlled by social media Tech companies. In Web 3.0, the user's account and all contents in it are not only owned but controlled by the users. This means no individual can delete or censor your content on the web3.0 blockchain.


Reward System


A great gap between web2.0 and web3.0 is the tokenization of the activities on web3.0. All the activities of users on web3.0 are been rewarded with tokens. This is a great shift from traditional social media where the big Techs makes money with user data without rewarding them with any monetary value. This alone is more than enough to draw more people to blockchain technology as monetary power is shifting from the few in authority into the hands of the masses.

Posted Using LeoFinance Beta