The “Web3” will allow machines to interpret a much larger volume of data. This will allow us, among other things, to interact much more deeply with other users from any platform.

In this “new chapter” of the internet, we will no longer need complex operating systems or large hard drives to store information, because absolutely everything will be in the cloud. And everything will be much faster and customizable.

In general, one could say that on the Web3, the machine will “collaborate” more efficiently with the human being.

But its main value is the decentralization of the Internet: creating a fairer network and depriving the “Internet giants” of their power, as the promoters of the concept point out.

The concept, which has already resonated in Silicon Valley, has been in development for years.

The term was coined in 2014 by the co-founder of the crypto-currency ethereum, Gavin Wood.

Just as Tim Berners-Lee is considered the “father of the internet,” Wood is often called the “father of etherum” for being its co-founder and disseminator.

Etherum is the second most used blockchain protocol in the world. And this technology is the foundation of Web3.

Wood, creator of the open source Polkadot project, started with the idea that the internet needed to be “reshaped”: to create a new architecture with a specific protocol so that services could be decentralized.

To do this, the British software engineer founded the Web3 Foundation – to “fund the research and development teams building the foundations” of Web3 – and created Parity Technologies, a Berlin-based blockchain infrastructure company for the “decentralized web.”

But what does this mean for decentralization?

“The Internet in its early days was an open and decentralized protocol. It started to be centralized in the 90s with the great technologies we know today,” Ursula O’Kuinghttons, communications director at Parity Technologies, tells BBC Mundo.

“What you want with Web3 is to go back to the essence, to the beginning, of what the Internet was: that no one controls to a large extent this communication tool that is so present in our daily lives,” adds O’Kuinghttons.

A key element of the Web3 structure is blockchain technology, which allows the creation of “blocks” and the formation of data chains, and which we know mostly from crypto-currencies.

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If Web 1.0 (Web1) was based on hyperlinks and Web 2.0 (Web2) on social networks, Web 3.0 (Web3) will be based on blockchain technology.

“We need to be open-minded because blockchain is much more than a crypto-currency. Web3 is much more interesting than the value of a token,” says O’Kuinghttons.

In fact, the elements that make Web3 possible have been developed over the past few years and, in some ways, it is already a reality.

But its technology has not yet been assimilated or used en masse by the general public.

“A faster, more secure and more open web”

Colin Evran leads the Filecoin and IPFS ecosystems, two protocols created by Protocol Labs, a blockchain technology company based in San Francisco, California, whose goal is also to “decentralize the web.”

“A big part of my job is to accelerate the transition from Web2 to Web3,” he tells BBC Mundo.

“Our goal is to update the web to make it faster, more secure, more resistant to attacks and more open.”

To understand how Web3 will work and how fast and resilient it will be, we must first understand how the internet was created and how it has changed over the years.

“If you look back at the early days of the internet – in the 1960s and 1970s – the internet existed even before the web itself: it was an amalgam of cables and a network that “connected things,”” Evran explains.

“Originally, it was a government project called Arpanet to transfer information.”

In the early 1990s, Web 1.0 took off, Evran continues. Sites like Yahoo! were static Web pages that relied on hyperlinks.

Web 2.0 came along in the 2000s. The main improvement, according to Evran, is that “it allows us to read and write interactively, that mobile and web applications can ‘talk’ to each other and we can interact with them.”

“The development of Web 3.0 adds to all of this the establishment of trust, as civil liberties will be built into its underlying structure,” he argues.

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He also criticizes the “centralization” of Web2.

“A few storage service providers, banks and big governments accumulate all the power and can control and manipulate data at will to generate money and feed their interests,” Evran explains.

“We can’t believe that these organizations are not manipulating our data,” he adds.

So what changes with Web3?

“Change the entire architecture of the web!”, Evran replies.

For example, the expert says Web3 “will allow users to access thousands of data centers around the world and be able to choose who stores their data and how.”

Amazon, Google and Microsoft currently lead the cloud data storage market.

The first company, with its subsidiary AWS, controls 41.5 percent of the total, according to McAfee’s 2019 data. It is followed by Microsoft’s Azure with 29.4 percent and Google Cloud with 3 percent.

These three companies own half of the 600 large data centers in the world, according to a report by Synergy Research Group.

On the other hand, Evran explains that in Web3 there will be “clear mechanisms” to verify data and eliminate problems such as fake news.

As for the more technical part, there is the issue of protocols: “When you open Google or another browser and go to a website, you use the HTTP protocol; you ‘tell’ this protocol to look for a file in a specific location.”

“It’s like if, in order to find a book, you have to force it through the New York Public Library. If that library goes down or the government puts a security guard in place, you can’t access the content. It is a centrally controlled structure. “.

“In the Web3 world, every copy of the book will be compressed into a cryptographic algorithm that cannot be manipulated. And we will be able to share it even while connected to the network”, summarizes Evran.

It is a -to-peer (P2P) technology that allows resources to be exchanged equally, directly between multiple users, which, according to Evran, is not possible with the current Web2 and the HTTP protocol used.

Úrsula O’Kuinghttons explains that Web3’s blockchain technology is very secure and that “so far, in more than 10 years, nobody has been able to hack it.”

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“The issue of security is crucial in the times we live in because our lives and data are increasingly turned to the internet,” the specialist adds.

A slow process

These changes are supposed to give Internet users more power over the information they access and the data they share, and ultimately create a freer and more egalitarian Internet.

But the promise that Web 3.0 will be able to put an end to the hegemony of technology giants like Google or Facebook is raising doubts.

Some skeptical voices are being heard, such as Elon Musk, who posted an ironic comment on Twitter a few days ago: “Has anyone seen Web3? I can’t find it.

Or that of Twitter co-founder Jack Dorsey, who said Web3 “is a centralized entity, but with a different label […]. “

But Colin Evran doesn’t lose his enthusiasm.

“The transition from Web1 to Web2 was a huge transition that took many years. The transition from Web2 to Web3 is inevitable, but it won’t happen overnight, but over several years.

“The number of developers involved in this project is a clear indicator that those building the Internet of the future are betting on Web3,” he adds.

He believes Web3 “will update the Internet with a completely new and much more democratic paradigm than Web2.”

“If we focus on the development of the Web, in the next five or 10 years we will put data back in the hands of the users. And that’s the world I want for myself and my children.”

O’Kuinghttons agrees that change “will not be an easy task, but it is increasingly urgent that we have a more equal and fair internet […].”

“We are still in a very, very early phase. It’s all just starting to develop and is still in the construction phase,” the expert explains.

“But in 2021, we’ve already seen a huge boost with the push of NFTs and metavers. And in 2022, we’ll see crucial changes, such as the expansion of these technologies, which are none other than Web3.”

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