WEB2 and WEB3

Comparisons and differences between web2 and web3 in terms of accessibility, cost, scalability, and user experience

Taya Taya
Jan 13, 2022 - 17:52 Updated: Aug 7, 2022 - 21:34
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WEB2 and WEB3

WEB2 and WEB3: DIFFERENCES BETWEEN WEB2 AND WEB3 

Web2 or Web2.0 and Web3 or Web3.0 are successive iteration of Web 1.0 or the Web existed in 1990s and early 2000s. Web2 is also the current version of the internet that we’re using. Today most of the dominant internet companies provide web services in exchange to our personal data.  However, Web3 refers to decentralized apps that run on blockchain. Web3 will allow its users to participate without monetizing personal data.

Blockchain

Benefits of Using Web3:

  • In Web3, every user who is on the network will not need permission for using the internet.
  • Nobody can deny the users to access the service.
  • The native token, ether (ETH), are used for payment in Web3.
  • In Ethereum which means turning complete, everyone can program anything.

Existing Limitations of Web3:

  • Accessibility:

    Most users are unable to have access to Web3 as there is lack of integration in modern web browsers.

  • Cost:

    Putting code of successful dApps (decentralized applications) in blockchain is very expensive.

  • Scalability:

    Due to decentralization, transactions are relatively slower as changes to state has to be processed by a miner and circulated throughout network.

  • UX:

    Web3 needs extra education, software, and steps for interaction with apps.

Differences Between Web2 and Web3

The most common differences of Web2 and Web3 are:

Web2

Web3

Social media like Twitter is able to censor tweets and accounts.

Because of the decentralized control, web3 tweet cannot be censored.

Payment services have right to not allow certain payments.

Since web3 do not use personal information, it cannot deny payments of any services.

Employee income can be affected if servers of gig-economy app go down.

As Web3 uses decentralized networks of 1000s computers, Ethereum, for backend, there is no possibility of its server going down.

 

The main difference between Web2 and Web3 lies in the centralized vs decentralized network system.

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