The idea of web3 development emerged in 2014 and describes new forms of technologies that allow the integration of blockchain development and web development. Web3 aims to develop decentralized and token-based economies. Whereas web3 decentralizes information and empowers users, web2 centralizes data and bestows it to Big Techs. This means that once you share information with platform owners, you don’t control how these companies use it. So, web3 development diverges from web2, which came first. Here, we focus on the features of web3 development that will benefit users and businesses.
Understanding the critical motives of web3 development
You can appreciate the motive behind web3 development if you understand what decentralization entails. These days, people spend a reasonable amount of time on social media platforms that big corporations own. Also, governments can control these companies through laws. Previously, this was a straightforward way of developing network infrastructure. You pay to fix servers and create apps that users access online. You can charge people using your software or offer them a free service. But these days, we’ve more choices, such as blockchain development.
Blockchain technology keeps information online, which revolves around two ideas: distributed computing and encryption. A key component of blockchain development is smart contracts blockchain, which removes the need for intermediaries from a transaction.
- Encryption: The concept of encryption implies that information on a blockchain is accessible to individuals who have permission to do so. So, whether the information is in a government or a corporation computer, the entities can’t access these pieces of data unless they’ve permission.
- Distributed computing: The idea of distributed computing means that a data file is available across multiple computer servers. If a single copy of the file doesn’t match all the others, then the information in that file is invalid. And this makes the data more secure as no one individual can alter it unless the file owner or the entire network.
In summary these ideas imply that information can be kept in a way that it’s only under the control of owners, even if it’s stored in a server belonging to a corporation. Whether you’re the owner or the government, you can never gain or alter the information minus the keys to the encryption that demonstrates ownership.
Luckily, even if corporations close down or disconnect their server, your data will be available on many computers across the world. And this sounds great for a web3 developer and forward-looking businesses!
Defining Features of Web3
While the idea of web3 development is in its infancy, web development professionals cite multiple features of this technology. Explore the key ones here:
For a web3 developer, the decentralization feature is a crucial component of web3. It means that information can be found in various locations concurrently. And this breaks down the oceans of databases at the hands of internet behemoths. Remember, massive pieces of data are produced through powerful computing resources, such as mobile phones and desktops. So, through web3, owners of the information will sell it to users via decentralized networks.
2. Trustless and Permissionless
Besides being decentralized, web3 blockchain development will be trustless. This means that participants interact freely without passing through a trusted third party.
Web3 network runs on decentralized and peer-to-peer networks, allowing anybody to participate without seeking authority from governing entities.
3. Artificial intelligence (AI) and machine learning
With web3 blockchain development, computers will comprehend data as human beings do. This will be possible using techniques based on semantic web ideas and the natural processing of language. Through machine learning approaches, web3 will keep learning like humans and gradually keep improving.
4. Connectivity and ubiquity
Web3 development makes information and content to be more connected and ubiquitous. Furthermore, users can access data via various applications and devices linked to the web-for example, the Internet of Things (IoT).
5. Decentralized Autonomous Organizations (DAOs)
The idea of DAO is based on web3 development. It describes a team, a business, or a collective that adheres to the rules of the smart contracts blockchain. It’s a disruptive concept that removes go-betweens who unnecessarily increase the cost of doing business.
Web3 development is based on decentralization that gives more power to content producers. In the past, big internet companies controlled information on their servers. With web3 development, information will be owned and managed by its creators. Here, we’ve explained the key features of web3 development.