the article is probably not sophisticated enough, but code in web 2 is open when the project is open source, in web 3, code i.e smart contracts which are on chain is always visible and you can always see what's going on.
Trustless: It will allow participants to interact publicly or privately without any trusted third party.
How do I know/prove you're you and not some random "Ehinder0 Isra3l"? Or I'm connected to google.com rather than goggle.co? Combined with the permissionless statement, how is anything expected to function properly?
Security as you know it now is a facebook telling you your'e secure and it might not always be so. the blockchain is immutable so once you have the address of a transaction, an action on chain, you can always verify it. because web 3 is on chain it is secure by nature
No, security as I know it now is my browser telling me I've securely connected to xyz.com who were confirmed to be so by a third party that I've chosen to trust. What xyz.com do with my data is a different issue that blockchain won't solve.
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the article is probably not sophisticated enough, but code in web 2 is open when the project is open source, in web 3, code i.e smart contracts which are on chain is always visible and you can always see what's going on.
and the security thing how so?
How do I know/prove you're you and not some random "Ehinder0 Isra3l"? Or I'm connected to google.com rather than goggle.co? Combined with the permissionless statement, how is anything expected to function properly?
Security as you know it now is a facebook telling you your'e secure and it might not always be so. the blockchain is immutable so once you have the address of a transaction, an action on chain, you can always verify it. because web 3 is on chain it is secure by nature
No, security as I know it now is my browser telling me I've securely connected to xyz.com who were confirmed to be so by a third party that I've chosen to trust. What xyz.com do with my data is a different issue that blockchain won't solve.