Bitcoin, Crypto currency, Blockchain

Web 3.0 – the Internet of Blockchains?

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The Internet is an evolutionary leap? So far, the advance block chain-based companies is a largely silent process outside of the mainstream. You believe in Visionaries such as the successful Blockchain-entrepreneur Matteo Gianpietro Zago, all of that could change soon, however. Therefore, we are moving in the direction of an Internet of Blockchains – the Web 3.0. But what exactly is meant by this and where are the differences to the current Version of the World Wide Web? Accompanied us on a short journey through the history of the Internet and – even more important – let’s take a look in the possible future.

Web 1.0 Static websites without the possibility of interaction,

It all started with the Web 1.0. The first Form of Internet was a simple stringing together of static Homepages, which were, in effect, a mapping of the real world. So it was for companies, for example, from the end of the 90s, to be able to set a good tone, in addition to a telephone number, a home page on the business card to show for it.

We chose to us with the modem into the grid, it took hours to download a Song and if something like the interaction took place, then a maximum in the then-popular chat rooms.

Web 2.0 – The Interactive Web

It’s not the Web 2.0, the delivery of the first Version of the Internet, the rank was. At the beginning of the 2000s, a new phenomenon was widespread: User-generated Content.

Communication between the producer and the Consumer in the first Version of the Internet – like television – are virtually non-existent, so the Internet has provided more and more ways the user is involved.

It created unprecedented opportunities to share their own content, without the large financial and time expenses with the world. Blogs and YouTube Videos that sprouts like mushrooms from the ground and continue to shape the landscape of the Internet.

But what is wrong with Web 2.0? Why do we need a new Internet?

Matteo Gianpietro Zago is the Chairman of the Internet of the Blockchain Foundation (Iobf), which has taken on the task to promote block chain-based Start-ups. For him it is clear: The Web 3.0 is the Internet of blockchains.

Because the greatest weakness in the current Web, he sees in the centralization of the most important Online functions at a few Big players that form the economic center of the current Internet. Such as information stored in a Cloud, on huge Server farms of Google or Amazon. Data Kraken like Facebook make a business out of sensitive, personal information about the consumer behaviour to sell to the highest bidder. Search engines like Google invite you to check on the application of Algorithms for search results in its own sense.

However, for Matteo Gianpietro Zago will not stay that way for long: There will be a gentle, first of all, from the end-user barely registered the Transition from Web 2.0 to Web 3.0.

The main features of the new Internet

The main features of the next step in the evolution of the Internet will therefore be:

  • There will be no Central control points. Governments or large companies no longer have the Power to control individuals ‘ data or access to websites limit.
  • It is not a few financial centres of the Internet will be in the Form of mega corporations, but to participate in a variety of ways, users of digital profits.
  • It will give far less large-scale Hacks, since hackers will not be enough to crack the Central nodes.

Zago supports his view on the strong Innovation of the block chain world. Because in many relevant application areas, there is already a block chain based decentralized Alternatives with exciting answers to the challenges of centralisation.

Examples from the Web 3.0

Data storage

Instead of Dropbox or Google Drive, the block chain could occur based projects such as Storj or Siacoin. These companies use the Blockchain to store information in a decentralized manner. This could be a Win-Win Situation for the User: On the one hand, their own data would no longer be in the hands of Central servers, the user has no control. Instead, they would be many smaller servers or computers distributed. On the other hand, the user can make some extra money, by itself, provides storage space. Because own crypto-currency, such as Storjcoin will be paid for this is usually in the Form of a company. By this principle also expensive server would cost savings and, therefore, an extreme reduction in costs for the operation of our own websites would be possible.

Social Networks

Alternatives to the centralized networks Facebook, Twitter, or Instagram could be the social networks such as Steemit or Akasha. Without a Central control instance there created Accounts can no longer be limited or censored – the control over the data remains in the hands of the user.

Video Streaming

The new YouTube, Vimeo, or Netflix could be found in the D-Tube or Theta. Possibly, this would result in a fair distribution of advertising funds. Because while YouTube was buying the now – Google- self-admits to not make the distribution “fair”, can not be changed, the above-mentioned Blockchain projects by the decisions of powerful media bosses.

WhatsApp & Co.

Also in the area of Messaging, a decentralized Alternative with a Status already. The Status Messenger is based on the Ethereum block Chain and is according to his self-understanding as “more than just a Messenger”. Because Status can’t chatting just, but also Ethereum payments to Smart Contracts to be sent.

Banking

At the core of the development of Bitcoin, the evolution of the monetary system, which had been lost due to the 2008 financial crisis, enormous trust was originally of course. That money could disappear in Bank failures as simple or accounts can be monitored at will, or even frozen, has become many Bank clients by the stock market crash for the first time really. Crypto-currencies such as Bitcoin, Bitcoin, Cash, Litecoin, Dash, Monero, etc., allow for a decentralized Banking without the banks.

Operating systems

The Company Essentia.one wants to create an operating system for Smartphones, with access to many of the dApps. So you want to make operating systems such as Android or iOS competition.

Decentralized Exchanges

At the latest, the collapse of Mt.Gox has made the Blockchain-industry, heavy clear, that there is a need in the area of trade exchanges, decentralized Alternatives. Exchanges like open Bazaar or CobinHood are pioneers in this direction. The list could be extended to many enterprises. If the mentioned projects, however, are to prevail in fact, of course, is speculation.

Brave new world?

Companies like ICQ or Myspace, which have helped to shape the beginning of Web 2.0, are today hardly any sizes in the network. From this fate the above-mentioned projects, however, are not immune. What is crucial is the direction in which the digital world moves as a Whole. We have the Vision of Zago, we can look forward to a Web that is much more decentralized and fair works as the present. His idea of the future of the Internet is, undoubtedly, beautiful. It is clear, however, that global corporations like Google or Facebook will not willingly give their Power out of Hand. It will show how your answer to the possibly upcoming decentralization will look like.

Ultimately, it is also related to the user – that is to say: to us – to arrive, which is a Form of money, for which operating system and what are the social networks we choose in our everyday lives.

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