What exactly is Web 3?
Web 3.0 is the third version of the Internet, and it is a step forward from the existing Web 2.0 version. The third generation of the internet will be more transparent, decentralized, and feature vast amounts of content that will be available to everyone.
Web3 is a concept for a third generation of the internet that is still in development. It comes after Web 1.0, which relied on traditional websites filled with commercial content, and Web 2.0, which saw the debut and rise of social media.
Although Web 2.0 gave the average person more ability to produce, and even profit from, any such plans still required the involvement of a Big Tech company like YouTube (owned by Google), Facebook, Twitter, or any of the major social networks that influencers and individuals rely on to reach their audiences.
Web3 proponents argue that by entirely decentralizing the web, they can cut out the Big Tech intermediaries, much like how bitcoin is aiming to seize control of global money from huge financial organizations and governments. The parallels don’t stop there. Web3 is likewise built around blockchain technology, much like cryptocurrency.
Why should many businesses apply web3?
The goal of Web 3.0 is to create a more open and equitable network in which anybody may participate without fear of losing their privacy or security.
Users offer personal and confidential data to the firms that govern these platforms by creating content, which is one of the biggest drawbacks of web2. Web3 will be a superior alternative to the internet as we know it today because of a few more features such as:
• Interoperability: One of the primary elements of Web 3.0 is interoperability. It will be easier for applications to work across different devices and platforms, such as televisions, cellphones, smart roadways, and so on, with a decentralized network. Web 3.0 apps will also be simple to create for developers.
• Self-governing: Web 3.0 does not require the control of a single entity. Larger corporations may no longer have complete control over the internet. As a result, decentralised apps, also known as dApps, cannot be filtered or limited in any way.
• Permissionless: Anyone can create a blockchain address and interact with it. It’s impossible to overestimate the power of being able to access permissionless blockchains.
Users will not be limited by their wealth, location, sexual orientation, gender, or a variety of other demographic and societal criteria. Digital assets and wealth may be transferred rapidly and efficiently across borders and around the world.
• Secure Network: The characteristics of Web 3.0 will be more secure than those of its predecessors. Two elements, namely distributed nature and decentralization, make this possible.
Hackers and exploiters will have a hard time breaking into the network. Each of their operations can also be traced and retracted within the network if they are able to do so.
• Data Ownership: End-users will recover the entire ownership and management of their data while also benefiting from encryption security.
Permission/need or on a case-by-case basis, information could then be supplied. Large corporations such as Facebook and Amazon now have a plethora of servers keeping personal information such as income, interests, dietary preferences, credit cards, and so on.
These data aren’t just collected to improve their services; they’re sold to advertisers and marketers who spend billions of dollars each year for them.
• Ubiquity: Content is accessible through many apps, every device is connected to the internet, and services may be accessed from anywhere.
Explore more about TOP 5 Web3 Trends In 2023
The most updated phase of internet is Web3 and undoubtedly it is a huge topic of discussion. Its popularity definitely makes people to look upto some Web3 applications. The article enlists 10 most popular Web3 applications. These are the Web3 applications for 2023.
Sapien
The most popular tool given and used on the new, blockchain-based platform is the Sapien web3 app. Users might create their own decentralised apps utilising the Ethereum blockchain without paying for them thanks to the setup of SPN, an ERC 20 value token.
Storj
An open-source application called Storj powers and affects blockchain to provide encrypted cloud storage. They use blockchain technology and provide many of the same benefits of distributed storage, but with a scattered organisation.
Storj is a decentralized storage solution that allows users to securely store their data in a redundant and fault-tolerant manner. One of the most popular decentralized storage systems is Storj. It’s also one of the most historic. Anyone can store data with Storj.
It makes use of blockchain technology and provides many of the same advantages of cloud storage, but on a more dispersed network. One of Storj’s benefits is that it enables unlimited uploading and downloading at any time. It’s also free to use and open-source.
Anyone can get started with it with only a single click. Users are at the centre of the payment mechanism since they can pay as they go.
The Storj platform is powered by the Storj coin. Users can set an expiration date for their data on Storj, making it “self-destructive” in some ways. While this is a relatively new technology, some prominent names in the industry have already teamed with Storj to integrate their solution, including Dropbox and Comcast.
DTube
DTube is a decentralised alternative to YouTube, much like Brave is a decentralised alternative to well-known browsers. The videos that show up in user feeds are not within the decentralised video streaming platform’s authority.
On DTube, users have total control over what they see and share.
Ethlance
The users of this decentralised web3 application can submit job applications. It links recruiters and job seekers.
Ethlance is the first platform for the job market to run solely on the Ethereum blockchain and has no service costs.
Livepeer
A web3 application called LivePeer enables constant communication between two people.
Additionally, it enables users to screencast their PC screens and watch online films. These can be downloaded as video files or saved as GIFs.
Sola
It is an online social network.
Algorithm is used by Sola to provide its readers with relevant content based on their preferences.
Users achieve their goals and foster an atmosphere where their customers are treated properly.
Brave Browser
The Brave browser was always going to be one of the most well-liked applications among the major web 3. It is a brand-new browser that seeks to provide mobile users with ad blocking and other privacy-enhancing features.
In fact, Brave has emerged as one of the most popular substitutes for other widely used browsers like Mozilla Firefox and Google Chrome.
Steemit
Steemit is one more example of a social networking application built using web3 standards.
It functions like a decentralised social blogging website and is more like Reddit’s web3 equivalent.
The monetization of user content is Steemit’s major selling point as one of the web3 app examples.
Decentraland
Decentraland is an online virtual environment with a variety of engaging experiences. It is considered to be the most touted project in the metaverse or the future of web 3. Decentraland is a clear contender for best web3 apps because it offers something unique.
People can engage, chat, and play games with other users in the virtual environment.
Secretum
The new decentralised messaging app Secretum would also be included in the list of web 3.0 applications you need to be using in 2023.
Secretum can be compared to a decentralised version of messaging services like WhatsApp.
Source: coinscreed
