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.
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