Web2 vs Web3 - Introduction Web3 is growing in popularity within the internet world. Web3's popularity is linked to the widespread acceptance and usage of blockchain and security technologies. Web3 will soon be the norm. This will give us an opportunity to examine the past generations and their differences. Web2 caters to today's internet generation, whereas Web3 is the semantic web. The Internet has grown rapidly since its beginnings that consisted of static text and images to the current version called Web2, The Web3 technology is now here, where value and data can be easily transferred across multiple platforms that have dispersed ownership. As per the statistics of the Web3 applications 46% of apps are from the financial sector, 8.9% belong to the social sector, and the remaining are in the business, games and other industries. Let's find out more about the growth and the future of the Internet. From the original web, to semantic ones, what are the differences between Web2 Vs Web3 and how do they differ in their design, and what concepts will rule in the coming ten years. Web2 vs. Web3: Exploring The Differences Through Statistics Web 2.0 and Web 3.0 are related technologies with similar roots, however they approach challenges in a different way. The main difference is the fact that Web 2.0 is concerned with reading and publishing content, whereas Web 3.0 is focused on creating content (Semantic Web). The latter is far more advanced using technology to facilitate sharing of information between online users, while also improving security. Over 3 billion users each day benefit from Web 2.0 for more than 80% of their daytime. It shifts the way we consume information away from static websites that are provided by costly servers to interactive experiences and user-generated content. Users and interaction are the key elements to Web 2.0. The majority of Web 2.0 content is made and distributed by users via sites such as YouTube, Facebook, Twitter and Instagram. Web 2.0 is more collaborative and social however, it comes with costs. Users are required to disclose personal and private information to these companies by creating materials. 5 Key Differences Between Web2 and Web3 Web2 aims to connect users, but Web3 integrates this data with trust and meaning. This is because of decentralization. More distinctions are given below: 1. Currency Fiat money is utilized to make Web2 currency payments. Transactions are conducted with government-issued currency that includes the US dollar. Web3 utilizes cryptocurrencies such as Bitcoin and Ethereum to fund transactions, as an alternative. 2. The Ownership Of Content With Web 2.0, the network assumes the storage of information, generating access challenges as well as concerns over the privacy and security of online data. Web 3.0 solves this problem by simultaneously sending data to various locations. Web2 Vs. Web3: Why selecting the best option is crucial for your company? The influence of Web 3.0 on the company will be transparency and customer orientation. As a result, the methods companies use to collect their customers' data will be altered. Online 3.0 is based on blockchain technology, and all web-based applications must be able to support it. These are only one of the ways in which companies can benefit from the advantages of Web 3.0: There is no reason to work with a third-party. The compliance with regulations has improved. More accountability. Security - Accroised. Improved customer relations. Efficient supply chain management
