Evolution of the world wide web; why is web3 important?

Evolution of the world wide web; why is web3 important?

Among other things, the Internet has also become the home of hackers, so having an extra layer of security is essential. In this article, we will discover the evolution of the world wide web and answer why web3 is important.

web3 importance

The Internet has changed so much since it started operating. From a read-only platform to a much more interactive ecosystem, the Internet has become an amazon invention available today. However, security and encryption became among the biggest concerns while using the Internet. Thankfully, there are options to protect your IP address and other sensitive information from malicious hackers, such as VPN. The “Virtual Private Network” or VPN safeguards your online privacy by encrypting your data and masking your true identity. Third parties will have a more challenging time tracking your online activities and stealing data due to this.  Despite the fact that the VPN is created to protect you, there are other reasons why VPN might not be the safest option. 

With all the present risks, we need another layer to protect us from possible hacks, especially when transacting on DeFi. No matter how amazing a smart contract is when it comes to assisting you when transacting in blockchain, hackings could still happen.  Therefore, web3 rose up to become an amazing Invention for everyone in DeFi. Let us look back at the evolution of the web. 

Evolution of web

You are reading this article on a modern website. However, this website was different from its original image ten years ago. Indeed, the web has improved a lot to adapt to the needs of literally everybody. Nevertheless, the web started as what they called web 1.0. What is it?

Web 1.0 

Web 1.0 is the first form of the World Wide Web. Previously, there were just a few content providers in Web 1.0, with most users acting as content consumers. Personal web pages were prevalent, typically consisting of static sites hosted on ISP-provided web servers or free web hosting providers.

Web 1.0 consists of static HTML-based websites rather than dynamic HTML-based websites. The data and content were supplied via a static file system rather than a database, and the sites lacked interaction.

Moreover, Web 1 is coined as the “read-only” web. 

In case you missed: Here are five reasons why you should choose PrivacySwap for your financial freedom 

Web 2.0 

Web 2.0 is the platform that most of us use today.  Simply put, web 2.0 allows anybody to use the platform, and anyone can be a creator.  If you want to develop a notion and share it with the world, you can. Posting videos and comments are possible too. Web2 is simple, truly, and because of its simplicity, more and more individuals worldwide are becoming producers. The web in its current form is fantastic in many aspects, but there are some areas where we can go a lot better.

Then we have Web 3.0.

Web 3.0

Web3.0 has differences from web 2.0. Web 3.0 enhances web 2.0 and adds several features through it. Simply put, web3 has become;

  • Verifiable
  • Trustless
  • Self-governing
  • Permissionless
  • Distributed and robust
  • Stateful
  • Native built-in payments

Typically, web3 developers do not build and deploy apps that run on a single server or use a single database. Instead, web3 is usually under the canopy of blockchains, decentralized networks of many peer-to-peer servers. These are often called Dapps (decentralized apps).

Cryptocurrency has a huge factor on web3. Being decentralized,  cryptocurrencies and the DeFi platform give rewards to anyone who participates in making, governing, contributing to, or improving projects themselves. 

Consumers of the service typically pay for access to the protocol, just like they do today with a cloud provider. Except in web3, funds are distributed directly to network participants.

So what is the importance of Web3, and how will PrivacySwap use it? 

PrivacySwap is nearing the completion of its PrivacySwap Oracle. PrivacySwap Oracle is a multi-chain aggregator that enables Web3 wallets to communicate directly with any existing debit card solution. It enables on-chain data to be interoperable with traditional financial services, allowing card issuers to enter the DeFi arena safely.

PrivacySwap’s objective is to improve the user experience and efficiency associated with PrivacySwap Oracle. Additionally, PrivacySwap recognized that blockchains could not interact with the actual world, at least not directly, due to their inability to connect to older systems. This constrains their usability and uptake greatly. PrivacySwap provides the layer two solutions to this challenge, allowing Web3 wallets on many networks to communicate with crypto debit cards. Thus, web3 is important to enhance cryptocurrency to the real-money transactions while staying secure and private. 

Like the world wide web, PrivacySwap will also develop a better ecosystem for its users’ convenience as part of their great migration. This will indeed make PrivacySwap an efficient and better platform. 

If you are willing to know more about PRivacySwap and all their amazing plans, follow them now. 

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