In traditional Web (Web 1.0): Users primarily just consuming content.
In Web 2.0: Users becomes have ability to create and share their own content.
With Web 3.0: Users go beyond creating and sharing content. They have becomes owners. Web 3.0 takes it a step further by empowering users to own their content.
Аnother important feature is resistance to censorship, since no possible to delete data from the decentralized blockchain, then not possible to censor the deployed data on the blockchain.
Owning in web 3.0 mean not just own, it is mean that owner can easy give a proof that hi is really the owner. Owning also is developing, if in case with bitcoin — owner has just ability to own btc coins, next evolution of ownership is owning the code, next generation of blockchain is fully functional executable programs that subordinate only to logic embedded in it. These type of code deployed on the blockchain — known as smart contracts. In other words, blockchain has become the place to host applications.
In such way the things becomes free from a human factors and becoming trustworthy.
In the context of Web3 and blockchain technology, data immutability is a fundamental characteristic. Once data is recorded on a decentralized blockchain, it becomes extremely difficult to delete or alter it. This immutability is achieved through the distributed and decentralized nature of blockchain networks.
Ownership in Web3 goes beyond simply possessing something; it involves the ability to provide proof of ownership. In blockchain systems, ownership is often tied to cryptographic keys or addresses. This provides a way for individuals to prove that they are the legitimate owners of digital assets or identities.
Additionally, Web3 introduces the concept of owning code, not just traditional assets. In the case of Bitcoin (BTC), owners can possess BTC coins. However, with the evolution of ownership in Web3, individuals can now own code, specifically through the deployment of smart contracts on blockchain platforms.
Smart contracts are self-executing contracts with the terms of the agreement directly written into code. They run on decentralized networks and automatically execute predefined actions when specific conditions are met. Smart contracts eliminate the need for intermediaries, increase transparency, and ensure that transactions occur based solely on the logic embedded within the code. This adds a layer of trustworthiness and autonomy to the processes carried out on the blockchain.
By leveraging smart contracts and blockchain technology, Web3 applications can create decentralized, trustless systems that are governed by code and free from human intervention. This opens up possibilities for innovative and secure applications in various domains such as finance, supply chain, governance, and more.
Web3 development also simplifies, mainly because of open code concept. Also access to blockchain data is quite easy and in this area there are a lot of blockchain data service providers, that provides ready for use libraries, frameworks and API endpoints.
Web3 development brings several advantages, including the open code concept, easy access to blockchain data, and the availability of blockchain data service providers. Let’s explore each of these points:
Open Code Concept: Web3 development embraces the idea of open-source code, which means that the source code for various blockchain platforms, protocols, and smart contracts is openly available. This fosters collaboration, innovation, and community-driven development. Developers can leverage existing open-source libraries, frameworks, and tools to accelerate their development process and build upon the work of others.
Easy Access to Blockchain Data: Web3 development provides easy access to blockchain data. Blockchain networks typically have public, transparent ledgers that store transaction data, smart contract states, and other relevant information. This data can be queried and analyzed using blockchain data service providers. These providers offer APIs and libraries that simplify the integration of blockchain data into applications, making it easier for developers to retrieve and utilize data from the blockchain.
Blockchain Data Service Providers: There are various blockchain data service providers in the market that specialize in offering tools and services for accessing and managing blockchain data. These providers offer ready-to-use libraries, frameworks, and API endpoints that simplify the integration of blockchain functionality into applications. They abstract away the complexities of interacting with the underlying blockchain infrastructure, allowing developers to focus on building their applications and leveraging blockchain data without needing to handle all the technical intricacies themselves.
By leveraging the open code concept, easy access to blockchain data, and the services provided by blockchain data service providers, Web3 developers can streamline their development process and take advantage of existing tools and resources. This enables faster prototyping, development, and deployment of blockchain-based applications.
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