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What the hell is Web3 anyway? -Breaking

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Web3: What is it anyway?

Web3 is also known as Web 3.0 by crypto boomers. It’s a trendy buzzword, with a limited definition. It is a term that everyone agrees has to do with the blockchain-based evolution and growth of the internet. But, it leaves us wondering what it actually means.

The conversation about the meaning of Web3 and its prospects has been very popular in crypto communities. Corporates try to control the market while keeping crypto’s negative connotations in check.

Extremely important

Web3’s history was driven by Web2’s disappointment

Web3 is based on decentralized data storage

Web3 had been built at breakneck speeds even by 2019. (Source: https://multicoin.capital/2019/12/13/the-web3-stack-2019-edition/)

Giving users the ability to manage their data

More like Web2.5?

Which data are they anyway?

Aleph.im, a middleware and blockchain-agnostic platform is available. (Source: Image: https://aleph.im/#/)

Web3 will be more popular if tokenomics is used.

Both Web3 purists as well mass consumers are concerned about key management.

Meme for private keys. (Source: https://memegenerator.net/instance/62834627/yoda-a-private-key-you-have-mhm)

Does 2022 really represent the Year of Web3 or not?

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