Has Web3 become a convenient platform for scammers

What is the difference between Web1, Web2 and Web3

Web1 is a non-interactive Internet. Just a static html page with

information that is updated extremely rarely. 

In Web2, users can already interact withresource or with other users. For example, a message is instantly published on the site, it is seen and can be answered in real time.

Web3 distinguishes the possibility of usersinteract with each other without having a central conductor. Any social network has a server where data is stored. And every time someone sends a message, it first gets there, and then to the addressee. In the case of Web3, this interaction does not take place through a central office, but through a decentralized network of independent servers that do not affect the process. And, moreover, they do not have access to data, since all information is encrypted.

Web3 is not subject to those common problemswhich are in Web2. No one can stop the server, as happened, for example, with WhatsApp, when it went down for a whole day as a result of an attack on data centers. Web3 doesn't have one centralized or vulnerable spot. And even if some specific nodes are attacked, even in large numbers, this will not affect the performance of the entire network.

Technologies in Web3 work more stable, but many are still at the development stage and have a large number of bugs that are associated with the unpolished product.

How are Web3, blockchain andcryptocurrency

Blockchain is part of Web3.This is blockchain technology. The entire chain is duplicated on different nodes, servers with which users interact. And when new data appears in the network (a new block of data), the nodes automatically reach a consensus and add the block to the blockchain.

One of the applications of blockchain technology— confirmation of transactions on the Internet. When one person transfers funds to another, a transaction is made. And if it is confirmed by the majority of nodes, then it gets on the blockchain - it is recorded and committed.

In the case of Web2, when using online banking, youmake payments through a centralized platform. She may make a mistake in the transaction, or, for example, block your account or write off a commission. And you will not be able to influence it, because you are completely at the mercy of a third party. Although it is interested in the satisfaction of users with the services, this does not exclude the possibility of censorship and abuse of their trust.

In Web3, you can store money on youre-wallet, make transfers - and be sure that they will not be lost. There is no central office or state that can seize or deduct funds from your account without your consent.

It should be noted that Web3 as a new technologyobscure to most people, attracts a large number of scammers who camouflage financial pyramids or other kind of deception under the wrapper of Web3 - decentralization and transparency. They steal funds from gullible citizens and make money on it. This can be seen in the example of FTX (a centralized brokerage company that actually raised funds from the public and then traded these funds in secret from depositors. As a result, FTX lost $8 billion).

Successful projects in Web3

Most Web3 projects are international.And this is the advantage: Web3 enables people from different parts of the world to work in a decentralized organization that is not registered in a particular state, but on the blockchain, and has a reliable structure that is respected by all its members. There are hundreds of such examples.

The most successful is the Maker DAO protocol.He issues loans for traders on the blockchain, and the amount of his capital is about 5 billion dollars. This protocol is controlled by a decentralized organization - a community of developers who maintain and refine it.

To get into a Web3 project, the blockchain hasdigital identity: no one knows you personally, but everyone sees your virtual identity. And it can't be faked. Employers see what kind of specialist you are, what projects you participated in, what you did, and evaluate you as an employee. This is perhaps the most interesting application of Web3.

Another interesting case is NFT.Pictures that are forever sewn into the blockchain. This is a great way to verify something over the internet, but with the help of decentralized databases. For example, when buying a ticket to an event, you can receive an NFT that confirms access.

You can use NFT as a certificate.The government agency, university, or company that issues the document can now write it to the blockchain. And he will stay there forever. It will be easy to check when the certificate was uploaded, its originality and authenticity.

When will the move to Web3 happen?

The transition has already begun, but so far for one percentof people. It will peak when there are enough strong companies, communities of Web3 entrepreneurs, developers, and users to compete with legacy Web2 companies. The latter will either have to focus on some very small niche, or move to Web3 and use decentralization technologies.

The most difficult thing will be social networks, the main asset of which is a database of users and their connections. They don't want to say goodbye to him.

For other industries, the transition will be faster.Web3 has already arrived in many countries where the banking system is weak, and bitcoin is a more reliable currency than the state. Accordingly, more and more people are primarily using blockchain, bitcoin and dollar cryptocurrencies.

Go to web3 is the same as saying go to the internet. You may not use the Internet directly, but it has become an integral part of the lives of all people without exception.

From current trends.Now stablecoins are widely used. These are coins that replicate the behavior of the dollar, that is, their rate is pegged to the dollar and backed by its reserves. Users can absolutely safely buy cryptodollar and be sure that it will not depreciate tomorrow. Naturally, you need to figure out what is a real decentralized cryptodollar and what is a fake. For example, the Luna project disguised itself as a stablecoin cryptocurrency, but in fact it was a pyramid scheme that affected millions of people ($40 billion in losses).

The third generation Internet will change the world

Web3 is the new democracy.This is an opportunity to live in peace and not interact directly with any state. The opportunity to own your finances, your public profile. Use services all over the world without fear of anyone interfering in your life without your consent. This is a world without censorship, a world where manipulation is impossible at the software level of interaction between users. This is the future, which is being built by a community of 50 thousand developers. And it will still take a long time to build this future, like the first Internet, perhaps 10 years before everyone starts using it.

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