FAQ 1 – What is WEB3?
According to Tangi Le Calvez: “Web 3 must return the data to the users”.
Why was WEB3 born?
Several generations of the WEB have appeared since the 1990s.
Between the 1990s and 2004, WEB 1.0 just allowed us to view web pages.
Then, between 2005 and 2021, web giants such as Google, Apple, Facebook, Amazon and Microsoft (GAFAM) took control of our data in a centralized architecture. During the Web 2.0 generation, these platforms had significant control over their users by amassing large amounts of personal data and content.
Photo credit : El Dorado
How can we "give the data back to the users"?
The term “WEB 3.0” was coined by Gavin Wood in 2014, a computer scientist known for co-founding Ethereum, a blockchain (decentralized and open source) with its own cryptocurrency (Ether, currently the second most popular after bitcoin).
Thus, since 2021 Web 3.0 has been helping to make the internet fairer, by allowing users to take control, receive a share of the revenues and avoid censorship.
In short, the idea of WEB 3.0 is to gather the value captured by GAFAM, considered as the giants of the web. Consequently, this new generation of the Internet allows the emergence of decentralized applications, which are referred to as decentralized autonomous organization (DAO) governance.
What are the characteristics of this new generation of Internet?
WEB 3.0 is considered to be an Internet revolution or the third age of Internet history: a decentralized and secure Internet.
The idea is to give power back to users by allowing them to “transport” their data from one service to another.
The field of video games, in which it is possible to buy/sell virtual objects, is an illustration of Web 3.0.
What is the link with blockchain?
WEB3 is based on blockchain and metavers, it works with the peer-to-peer system. Thus, this new generation of the Internet is of particular interest to cryptocurrency.
The metaverse refers to the future of the internet, i.e. a virtual reality world in which users can interact.