Computer technology has been advancing rapidly for years, and naturally this sharp upward curve has also affected the network and the Internet around the world. Therefore, we have definitely moved from informative Web 1.0 to more interactive Web 2.0. And now we are preparing to transition to the third generation of the web, called ”Web 3.0", that is, the virtual world and artificial intelligence.

Web 3.0 is a new generation web technology that focuses mainly on machine learning (ML) and artificial intelligence (AL) system. A Semantic Web, a type of web that hosts machine-friendly data, consists primarily of websites and online services that use an artificial intelligence (AI) system to interpret and generate output for the user. Virtual assistants, smart speakers and networked home appliances are some of the technological products that Web 3.0 is used for.

This new web generation promises a smarter, more efficient, accurate and connected online experience for everyone. However, it may take more time to fully upgrade to Web 3.0 than other 1.0 and 2.0 versions.

Web 2.0 and Web 3.0 represent different generations in the evolution of the internet. They're not specific technologies per se but describe phases or eras of the web.

#Web2 , often referred to as the "social web," marked a significant shift from the original Web (also known as Web 1.0), where users primarily consumed content. In Web 2.0, the focus shifted to user-generated content, interactivity, and collaboration. Some characteristic features of Web 2.0 include social networking sites, blog platforms, wikis, and video sharing sites. It has allowed users to interact and collaborate with each other in a social media dialogue as creators of user-generated content in a virtual community.

Web 3.0, also known as the "semantic web" or "decentralized web," is often characterized by a more intelligent, connected, and open web. Here's how it tends to differ from Web 2.0:

Interoperability and Data Connectivity: In #Web3 , data is expected to be more interconnected and open, making it easier to combine data from different sources and create more complex and comprehensive applications. This could involve the use of more semantic markup to help machines better understand the content on the web.

Decentralization: Web 3.0 aims to create a web that is less controlled by a few major corporations and more decentralized. Technologies like blockchain and distributed file storage systems play a role here, enabling peer-to-peer interactions and reducing reliance on centralized servers.

Artificial Intelligence: Web 3.0 is expected to feature more use of artificial intelligence and machine learning technologies, enabling a more personalized and predictive user experience.

Privacy and Security: With the increasing concerns about data privacy and security, Web 3.0 seeks to provide more efficient and effective privacy and security features.

The transition isn't a discrete jump, but a gradual evolution, and many aspects of Web 2.0 and 3.0 coexist.

In recent years, the Internet has gone through a significant evolutionary path, transforming from static information resources to interactive platforms for communication and content exchange. This is probably known to half of humanity, and it will not be news to you that today we can observe the next level of development - the transition from #Web2 to #Web3 One of the important components of this transition is social networks, which are also undergoing significant changes. In this article, I will compare the Web2 social network #Reddit with the Web3 social network #Solcial based on my own experience, focusing on the aspects of decentralization, the use of cryptocurrency, and approaches to content moderation.

Web2: Centralization and limited capabilities

The Web2 social networks that have become familiar to us are based on centralized platforms managed by companies. This means that all user data is stored on the servers of these companies, and they have full control over content and regulation. Such networks often face problems with data privacy and content moderation. In addition, users have little or no control over their information and content.
You can write an article for a long time, and publish it, and it will simply not be accepted and blocked, or it will disappear from your profile altogether.
And what are the feelings of the user? Unfortunately, no one is interested in this in centralized social networks((

Web3: Decentralization and Cryptocurrency

Web3 is the next stage of Internet development where decentralization is an important principle. This means that network participants have more control over their data and content, and information is distributed among different nodes instead of centralized servers.
Solcial is a great example of such a decentralized social network. I realize you may perceive this article as an advertisement, but there is something to advertise here, as the advantages over Web2 social networks are enormous. You have decentralization, shared governance, NFT, blockchain, and freedom of speech.

Moderation and control

One of the key advantages of Solcial is its approach to moderation. Instead of centralized moderation, where large companies decide on acceptable content, Solcial uses community voting. Users have the opportunity to vote to remove content from the platform's dashboard, but it will remain on your page and anyone can see it through the link. This contributes to a more diverse and objective definition of acceptable content and empowers the user.

Cryptocurrency

The Solcial platform allows anyone to create their token on the Solana network, and it will be your token for which you can sell your content on levels 2 and 3, while level 1 is free.

And now about Reddit

The platform itself is certainly useful, and its subreddits help people, but when your informative content that doesn't violate any subreddit rules is constantly blocked, it makes you irritated and wants to look for another platform. That's how I got to know Solcial and I can safely recommend it to you!

In the evolving landscape of social media, the launch of Facebook's micro-blogging platform "Threads" has stirred discussions about the role of Web3 and decentralization in shaping the future of online identity. This article examines the innovative approach Threads has taken towards interoperability and digital identity, while also exploring the potential benefits and challenges associated with Web3 and decentralization.

Web3 and Digital Identity

Web3 represents a paradigm shift from the current Web2 model, offering the potential for decentralized, user-centric digital identities. Unlike traditional Web2 apps, which rely on trust without verifying incoming data, Web3 leverages blockchain technology to validate data from various sources, thereby enhancing trust and security.

The Challenge of Portable Identity

Web2 platforms often lack seamless interoperability, resulting in fragmented digital identities confined within individual walled gardens. Users desire uniformity in their online personas, a concept that could be extended to verifiable credentials across different platforms. The notion of a decentralized username or identity—one that users can own and control—holds promise in addressing this challenge.

Benefits of a Decentralized Approach

A decentralized identity model built on Web3 could revolutionize the digital experience. Blockchain's ability to verify data from diverse sources could mitigate issues of misinformation, phishing, impersonation, and digital fraud. With a universal digital identity standard, users could carry their reputation, data, and content across platforms, thereby eliminating data siloes and enhancing overall security.

Threads and the Path Forward

Facebook's Threads took a step towards interoperability by allowing users to carry over their usernames from Instagram, setting a precedent for user-centric identity. However, true decentralization and interoperability could be achieved by embracing Web3 standards like the ActivityPub Protocol, as demonstrated by the "Fediverse" project involving lesser-known social media sites.

A Shared Identity Vision

A compelling alternative approach to identity within the Web3 framework could offer users self-sovereign digital identifiers, acting as containers for personal data, logins, payments, and KYC checks. By separating users' reputation and data from platform dependencies, this approach could lead to a safer, more transparent, and interconnected internet experience.

In Summary

The launch of Threads and the broader discussion around Web3 and decentralization highlight the evolving landscape of digital identity in social media. While challenges such as data validation and integration remain, the potential benefits of a user-centric, interoperable identity model are immense. As the digital realm continues to evolve, embracing Web3 standards and a decentralized identity approach could pave the way for a more secure, transparent, and connected online world. #Web3 #Web2 #Facebook

Coinbase is one of the few crypto companies that has all the resources to actually build something meaningful for the #Web3 space. Today, the US-based crypto exchange announced they will host a Builder Summit in October, where more than 30 top builders from the industry will meet to discuss innovations within the space.

On this occasion, Coinbase’s Brian Armstrong shared some of his ideas on how the crypto world can be improved. Here are some of the most promising of them.

💲Flatcoin: Bitcoin is like the gold standard of the internet, a cool idea for money. But because it could grow a lot, many people don't want to spend it as money. Stablecoins backed by regular money are a helpful middle step, but they have problems the same problems as regular money.

What if we could create an even better kind of money using blockchain tech? We can, and it’s called a Flatcoin.

By using various financial data (inflation, money supply, CPI…), it could maintain its purchasing power. This would be a decentralized, CPI-bound type of money – changing the whole financial landscape that we’re so used to.

💥On-chain Reputation: We've got this thing called decentralized identity using the $ETH Naming System (ENS), but here's the deal: how can we know who's trustworthy?

Picture a plan where there's a decentralized rulebook. This rulebook gives a score to each address or ENS name based on the info in the network.

This could be super handy for stuff like saying if you're good to lend money (like a decentralized FICO score), checking out how well sellers do (kind of like Yelp), stopping scams (so wallets can tell you if an address looks risky), giving cool stuff to VIPs, and more.

🎺On-chain Ads: In #Web2 , ads have been the top way to do business. Likely, some kinds of ads will still be necessary in Web 3. Developers and startups in Web3 will be more and more willing to spend money to get noticed. But can we find a better way than the usual ads?

Think about it: What if any smart contract could share details about what it's willing to pay to get users to use a certain function? This function could also give a set reward to whoever refers someone. If all these smart contracts following this ad plan were listed, it would make many ads available.

Then, wallets and apps with lots of users could pick which ads or referral links to use, and they'd get a reward when they bring in users. A live auction system would help figure out the best prices.

💰On-chain Capital Formation: If you're starting a business in Budapest or Bangalore, getting money is tougher compared to places like Silicon Valley or Cleveland.

Now, how can we change that? Imagine mixing Stripe Atlas and AngelList in Web 3. It wouldn't just help you officially make your company or idea known, but it would also help you get money for your idea.

Each idea could have a talk or video, open chats, and ratings, info about how trustworthy the people are, and a clear way to see the money on the digital chain. Making it easy for everyone to get money could let a lot of unused business energy come out all over the world.

🏦Tokenized RWA: Fiat stablecoins like $USDC , which are backed one-to-one, are some of the earliest real-world things that have been proven to work well and be used more widely on the blockchain. We think that in the future, lots of different things could be shown on open, open-to-all blockchain networks.

This would make new pieces for money systems that can do amazing things like being set up in special ways, put together in creative ways, used by everyone around the world all the time, and settled without needing a lot of trust.

These ideas are just the tip of the iceberg. Think of Web3 as a planet on which a highly developed civilization just landed. It's empty! It’s time to fill it with all kinds of different ideas…