If you don't understand the blockchain, you can't understand web3?

Web3 is still in its infancy in China, but in the eyes of insiders, this is no longer a new concept.

Just as the current Internet world is full of complex structures, platforms, applications, servers and various extended industries, these things that already exist in the Web 2.0 era, are also necessary for the blockchain industry. Although this is a new world, it is not a denial or abandonment of existing things. It is more like the transition from Web 1.0 to 2.0. It takes time to iterate. After all, there are still people using blogs.

Web3 can be understood as the evolution of Web2.0.

In essence, although the Web 2.0 era is more advanced than the Web 1.0 era, it is still an era of capital monopoly.

Now, the blockchain is a decentralized database, each node has equal data information, and the information monopoly of the platform will no longer exist. Some Web3 companies are developing blockchain-based applications, attracting individuals to set up their own platforms and produce content, attracting the public to participate in the management of data nodes, and establishing a DAO (decentralized organization) to govern the platform.

Based on Web3 applications, everyone can have their own platform, and developers can customize infrastructure for enterprises and individuals. These applications can be used for digital identification and protection, as well as data protection and digital asset storage, etc.

As a key component of the Web3 technology stack, blockchain technology is a network with a high level of security and decentralization . People can store data, exchange value and record transaction activities in a shared ledger, and this ledger is not affected by Controlled by any centralized entity. The blockchain network is the backbone of Web3, providing a secure execution layer in which encrypted assets can be created, issued and traded, and programmable smart contracts can be developed. Blockchain is the settlement layer and base layer of Web3.

At the same time, web3 inevitably faces some difficulties. For example, lack of building blocks, network 2.0 mindset, multi-protocol complexity, slow speed, etc. With the development of technology and the innovation of governance, the construction of web3 ecology and the clarification of standards will bring web3 to a new level.

With the help of distributed technology (block chain), Web3.0 will subvert the Web2.0 Internet from three perspectives of openness, privacy and co-construction, create a decentralized world dominated by user communities, and reconstruct Internet traffic value paradigm.

In the Web 2.0 era, multiple ecosystems have been formed with Internet giants as the core. Core Internet companies have a monopoly on data, value, and network effects, and there are strong barriers between ecology. The most important resource in the Internet world is traffic entry (user attention and capital flow). All this will undergo profound changes in the Web3.0 era: the Web3.0 world will be fully open , and users' behavior in it will not be restricted by ecological isolation. It can even be considered that users can freely roam in Web3. World; user data privacy will be fully protected through encryption algorithms and distributed storage; in the Web3 world, content and applications will be created and led by users, fully realizing the value of users' co-construction, co-governance, and shared platform.

The main features of web3 are openness, privacy and co-construction.

Openness is reflected in:

1) Users have full freedom and low barriers to access in a certain Internet application "field";

2) User behavior is not restricted by third parties, and Internet applications break the original so-called boundaries between ecology and ecology, and applications are highly combinable and complex; under the combination of synthetic assets, NFT, etc., even non-licensed , Integrate traditional world wealth into Web3.0 under the premise of no delivery.

3) In addition, the interoperability between applications based on different infrastructures within Web3.0 can be solved by the "cross-chain" protocol.

Obviously, the transparent and open nature of blockchain technology coincides with web3. The relationship between blockchain and web3 also extends from deep-level essential attributes to application integration.

Privacy is reflected in: data ownership belongs to users, and value transfer does not require third-party authorization.

Blockchain provides technical support for the next generation of Internet decentralized protocol Web3.0. Based on the basic properties of the blockchain, future user data will not be concentrated in the database, but will be stored in a secure and decentralized data storage protocol.

In the era of Web 3.0, data will become an important means of production, just like the land of the agricultural revolution and the capital of the industrial revolution. They are important assets. Although there may be challenges such as platforms, protocols, and distributed applications that are difficult to be supervised, data Privacy protection is an important issue that cannot be ignored at present and in the future. The decentralized nature of Web3.0 can better protect user data privacy and improve personal data autonomy.

Co-construction is reflected in: the content creation of users in Web2.0 Internet applications is restricted in many aspects (restricted by platform review, cross-platform restrictions), and even more restricted in community governance, so it also restricts users in Value capture in terms of creator economic sharing. Web3.0 will break these limitations, and at the same time, the token incentive mechanism of the blockchain will effectively feed back the value of the content economy to the creators. Another aspect of co-construction and sharing is co-governance, or DAO.

New traffic paradigm: Web3.0 will not simply compete for user attention and capital inflow. Due to the complex nature of the protocol and the openness of user login, the number of protocol calls is often more important. At the same time, the rise of Sandbox , Roblox , and Minecraft has allowed the market to see the upgrade from 2D to 3D. In addition to more three-dimensional display effects, there will be more social space.

(Metamask)

About the landing form: Web3.0 is full of imagination, and its final landing form cannot be clearly judged now. But the trend is already showing signs. During the evolution to Web 3.0, many hybrid products of Web 2.0 and Web 3.0 appeared. Typical representatives are Opensea and Metamask wallets.