Get To Know Web3, The Latest Technology In The Internet World

Ethereum, one of the Web3 users. (photo: dock. pexels)

JAKARTA - Web3 is the latest technology in the internet world that offers various significant advances and changes in the way we use the internet in cyberspace today.

Web3 is a term used to describe the latest evolution of the web, which offers users more capabilities and controls.

In simple terms, Web3 is about creating more decentralized governance and giving users greater control over their personal data. Web3 allows users to have full ownership rights over their data and determine how to use it.

Some of the technologies used on Web3 include:

Blockchain is a technology that allows users to create decentralized databases, which remove the need for central authority. In blockchain, data is stored within blocks set in certain sequences, which ensures that data entering the blockchain cannot be changed or manipulated.

Smart Contract is a digital contract that can make transactions without involving third parties. In Web3, Smart Contract allows users to make automatic deals with other users on the network.

IPFS (InterPlanetary File System) is a file distribution protocol that allows users to store and share files in a more decentralized and secure way. IPFS allows users to open access to various file types without having to rely on a central server.

Differences Between Web2 And Web3

The main difference between Web2 and Web3 is that Web3 provides the user's ability to take over control over their own data and maintain their privacy and security.

In Web3, users have a private key that allows them to access their data, and no single entity can control or access their data without permission.

In addition, Web3 also allows direct transactions between users without intermediaries, and allows the creation and use of decentralized applications that do not depend on the server or central platform.

Some companies that already use Web3 technology include Ethereum, Solana, Binance Smart Chain, and Polygon (formerly Matic Network).

Ethereum is the most famous and widely used blockchain platform for the development of decentralized applications, while Solana and Binance Smart Chain are also popular choices for developers due to higher transaction speeds and lower transaction fees. Polygon (formerly Matic Network) is a layer-2 scaling solution that runs on Ethereum and allows for faster and cheaper transactions.

Web3 is a new generation of World Wide Web that allows users to have complete control of their own data and take part in direct transactions and decentralized applications.

The technologies used in Web3 include blockchain, smart contracts, IPFS, and cryptocurrencies, enabling the creation and use of more secure, transparent, and decentralized applications. Some companies such as Ethereum, Solana, Binance Smart Chain, and Polygon already use Web3 technology for the development of their applications and services.