WEB3 Course

@web3course

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Some visions are based around the concept of decentralized autonomous organizations (DAOs). Decentralized finance (DeFi) is another key concept; in it, users exchange currency without bank or government involvement. Self-sovereign identity allows users to identify themselves without relying on an authentication system such as OAuth, in which a trusted party has to be reached in order to assess identity.

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Specific visions for Web3 differ, and the term has been described by Olga Kharif as "hazy", but they revolve around the idea of decentralization and often incorporate blockchain technologies, such as various cryptocurrencies and non-fungible tokens (NFTs). Kharif has described Web3 as an idea that "would build financial assets, in the form of tokens, into the inner workings of almost anything you do online". A policy brief published by the Bennett Institute for Public Policy at the University of Cambridge defined Web3 as "the putative next generation of the web's technical, legal, and payments infrastructure—including blockchain, smart contracts and cryptocurrencies." According to Liu, Zhuotao, et al (2021), three fundamental architectural enablers of Web3 were identified as a combination of decentralized or federated platforms, secured interoperability, and verifiable computing through distributed ledger technologies.

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Web 1.0 and Web 2.0 refer to eras in the history of the World Wide Web as it evolved through various technologies and formats. Web 1.0 refers roughly to the period from 1989 to 2004, where most sites consisted of static pages, and the vast majority of users were consumers, not producers of content. Web 2.0 is based around the idea of "the web as platform" and centers on user-created content uploaded to forums, social media and networking services, blogs, and wikis, among other services. Web 2.0 is generally considered to have begun around 2004 and continues to the current day.

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Critics have expressed concerns over the centralization of wealth to a small group of investors and individuals, or a loss of privacy due to more expansive data collection. Billionaires like Elon Musk and Jack Dorsey have argued that Web3 only serves as a buzzword or marketing term.

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Web3 (also known as Web 3.0) is an idea for a new iteration of the World Wide Web which incorporates concepts such as decentralization, blockchain technologies, and token-based economics. Some technologists and journalists have contrasted it with Web 2.0, wherein they say data and content are centralized in a small group of companies sometimes referred to as "Big Tech". The term "Web3" was coined in 2014 by Ethereum co-founder Gavin Wood, and the idea gained interest in 2021 from cryptocurrency enthusiasts, large technology companies, and venture capital firms. The concepts of Web3 were first represented in 2013.

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The goal of any WEB3 project is to attract as large an audience and investment as possible, as well as to have a profitable business strategy

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It's funny, I try to do something and get a reward for it, but I know that the reward will not come from something that actually works and brings new products or services, it will end up being a disaster.

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The transition from Web2 to Web3 will definitely happen, but not completely, just as a complete transition to 3G is not safe, 2G is needed, it is safe, although simple and primitive, but it is necessary, also in Web2, a lot works well there, they should probably be left as is

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It's funny to watch empty projects develop, how did they manage to attract such investments? Human factor and game theory will always be out of control, probably)

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The problem with large projects is that interest can be generated by increasing the scale, for example, everyone remembers the legendary Airdrops from projects - Uniswap, Dydx, where you could get tens of thousands of dollars in rewards, then the projects kept cutting rewards and cutting them, which leads to a loss of Interest and Trust, this is neither good nor bad, but it is worth using this power, this influence is reasonable and profitable

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I believe in my rate and the rate of Bitcoin

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There is no smoke without fire

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The advantages of WEB3 are definitely that everything that belongs to you is in your possession and this can be definitely proven.

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the WEB3 theme is dying out, probably because of very low re-taliability with large TVL requests

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My fear usually comes from me, I need to learn to deal with it

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