Understanding Web3.0: The Decentralized Internet and Its Advantages

This video explains Web3.0, the decentralized internet using blockchain. It discusses the transition from Web 2.0 and the advantages it offers.

00:00:01 This video explains the concept of Web3.0, which is the use of blockchain technology to access the decentralized internet.

🌐 Web 3.0 is the decentralized version of the web that uses blockchain technology.

📚 Web 1.0, 2.0, and 3.0 are the three phases of the internet's evolution.

🚀 Web 3.0 is the current phase of the internet and offers advanced features and capabilities.

00:01:16 The video explores the rise of the internet in the 1990s and its impact on businesses, highlighting the shift from traditional advertising to online promotion through websites.

🌐 The internet became popular in the 1990s when businesses started using it to promote their products and services through websites.

💻 Programmers played a crucial role in creating websites and showcasing content to the world.

📄 Most websites during this period were one-way, where users could only read the content.

00:02:35 Web 3.0 allows users to read and write content on platforms like Facebook, YouTube, and Instagram. Users can create and share content for free, and some even earn from it.

🌐 Web 1.0 was about reading, while Web 2.0 allowed users to both read and write content.

📱 Web 2.0 introduced platforms like Facebook, YouTube, Instagram, and WhatsApp where normal users can create and share content.

💰 Content creators on platforms like YouTube can earn money from their content.

00:03:50 The video discusses the issue of free online services using user data without consent or control. It highlights the lack of ownership and control over personal data.

💡 Web3 platforms are not actually free, as users' data is used for monetization.

💰 Users are the product on free platforms like Facebook and Google, as their data is used to generate revenue.

🔒 Users lack control over their own data on these platforms, which raises privacy concerns.

00:05:06 Web3 is a decentralized internet where users own and control their data, and can share it on peer-to-peer networks. It is a shift from centralized servers to a client-server architecture.

🔑 Web3.0 allows users to own their data and decide who can share it, as well as profit from its use.

🌐 Instead of centralized servers, Web3.0 uses a peer-to-peer network where nodes can interact.

🔗 Web3.0 enables decentralized internet services like social networking, video uploading, and search.

00:06:22 The video explains the transition from Web 2.0 to Web 3.0 and the advantages it offers, such as decentralized applications, data ownership, and blockchain technology.

💡 Web3 is the decentralized internet where applications run on nodes without central servers.

We are transitioning from Web2.0 to Web3.0, and companies are compelled to move to this new paradigm in order to retain users.

🔒 On Web3.0, users have ownership and control over their data, with the added benefit of cryptocurrencies.

00:07:37 Learn about the transition from web 1.0 to web 3.0 and how it will impact future services. Watch for more videos!

💡 Web 3.0 is the next phase of the internet where most services will be hosted.

🚀 Web 3.0 marks a shift from web 1.0 and web 2.0, with new technologies and services.

🔮 Cryptocurrency and NFTs are examples of services that are currently on web 3.0.

Summary of a video "What is Web3?" by Telusko on YouTube.

Chat with any YouTube video

ChatTube - Chat with any YouTube video | Product Hunt