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Web 2 vs. Web 3: What’s the Difference and Why It Matters

Toolbox Tech - by Ojasvi Nath

While Web2 caters to the current internet generation, Web3 is known as the semantic web. Let’s examine these concepts, how they differ, and which one will reign supreme in the coming decade.

The Internet has progressed rapidly from the early days of Web1, which included static texts and visuals, to the current version – Web2. We are presently entering the Web3 era, in which value and data will easily move across decentralized platforms with distributed ownership and control. But what else does Web3 feature? How is it different from Web2? Read on to learn more about these two concepts, their differences, and possible applications.

Web3 is currently picking up steam in the online space. Its rising popularity is proportionate to that of blockchain and the security technology’s broad acceptance and adoption. Now that we know Web3 will become the norm sooner or later, it’s time to look at the previous generations, their distinctions, and more. 

As the technology is still new, learning about the concept may help users grasp it better.

Alexandra Pitkevich, principal for business consulting, EPAM Systems, succinctly defines the two internet iterations. “​​Web 2.0 brought the advent of social media, kicking off the age of user-generated content. Previous iterations were united by data being stored on servers owned by massive corporations and institutions. Even if the user was the original creator of the data, they weren’t ultimately the true owner.”

Read the full article here: https://www.toolbox.com/tech/tech-general/articles/web-2-vs-web-3/

Learn more about Web3 vs Metaverse in this Silo Busting podcast: https://www.epam.com/insights/podcasts/web3-vs-the-metaverse-with-sasha-pitkevich-and-christina-garces