Web3
Web3 refers to a proposed new decentralized web architecture built upon blockchains and related technologies such as cryptocurrencies to deliver a paradigm shift in the world wide web.[1] The original concept and naming of Web3 came about in 2014 from Gavin Wood, a co-founder of Ethereum, who saw the blockchain as the key for a new, decentralized, and democratic web. [2] Proponents of Web3 claim that the current state of the web (Known as Web2 or Web 2.0) is too centralized with massive organizations having total control of platforms necessary for daily life. [3] However, some high-profile figures in the tech industry have pointed out flaws in Web3. In December of 2021, Jack Dorsey, founder of Twitter and Square, argued "You don't own 'web3'. The VCs and their LPs do. It will never escape their incentives. It's ultimately a centralized entity with a different label." [4] via Twitter.
Contents
History
Key Technologies
Companies and Projects
Brave Browser
Gemini
OpenSea
Ethical Considerations
Scams
FTX
Crypto Zoo
Environmental Impact
Equal Access
Theft
References
- ↑ Congressional Research Service. (2022). Web3: A Proposed Blockchain-Based, Decentralized Web (IF12075). Retrieved from https://crsreports.congress.gov/product/pdf/IF/IF12075/2
- ↑ Kharpal, A. (2022, April 19). What is 'Web3'? Here's the vision for the future of the internet from the man who coined the phrase. CNBC. Retrieved January 26, 2023, from https://www.cnbc.com/2022/04/20/what-is-web3-gavin-wood-who-invented-the-word-gives-his-vision.html
- ↑ Wood, G. (2018, September 12). Why We Need Web 3.0. Retrieved January 26, 2023, from https://gavofyork.medium.com/why-we-need-web-3-0-5da4f2bf95ab.
- ↑ Dorsey, J.[@jack]. (2021, December 20). You don’t own “web3.” The VCs and their LPs do. It will never escape their incentives. It’s ultimately a centralized entity with a different label. Know what you’re getting into… [Tweet]. Twitter. https://twitter.com/jack/status/1473139010197508098?
