Name for Web3.0

For the Internet world, before the Metaverse, the most enthusiastic evolution direction is actually the third generation Internet – Web 3.0.

Web 1.0 : In the earliest era of Internet portals and PC browsers, information was displayed and transmitted in one direction, and it was a process from the network to the user.

Web 2.0 : With the rise of dynamic websites, users can generate more interactions and connections through the Internet. It is a user-to-user process. In particular, the social attributes of the Internet are opened up, so that real life can be mapped to the Internet, bringing Uber, Facebook, giants like Twitter. Mobile Internet also belongs to the category of Web 2.0;

Web 3.0 : an ultimate, open, trustless, and permissionless ideal network architecture that integrates all cutting-edge information technologies, eliminates giant monopoly, creates a free market, takes ordinary users as the core, controls data independently, and builds a democracy Internet. A more specific form of existence and technical framework has not yet been formed.

Name for Web3.0

The S-curve of Web2.0

Web 2.0 has made centralized Internet platforms and giants. Take the e-commerce, media and social platforms that best represent the scale and valuation of Web 2.0 users as an example. They condense huge traffic and business models, but they also have much-maligned monopoly problems and unfairness, which have led to today’s whole world. Frequent and violent regulatory interventions around the world, huge fines, severe criticism, and stagnation of growth have completely exposed the bottlenecks and deficiencies of today’s Internet development.

A16z partner Chris Dixon believes that centralized platforms follow a predictable life cycle – at first they did everything they could to recruit users and third parties to complement them, such as creators, developers and businesses, in order to strengthen their networks effect; as platforms develop an S-curve, their influence on users and third parties grows steadily; when they reach the top of the S-curve, their relationship with network participants goes from positive sum to zero sum, and to continue to grow, You need to extract data from users and compete with (former) partners.

This insight pointed out the development dilemma faced by Internet platforms and giants under the current Web 2.0. In order to consolidate or invade commercial interests, Internet giants have given up the pursuit of new technologies, no longer invest, but also build walls with each other, hinder the pace of the development of the times, and form a traditional competition pattern with a strong commercial atmosphere. The progress of mankind must be the progress of the technological revolution. Abandoning the technological revolution and blindly pursuing commercial profits is a regression of society after all.

On October 16, 2021, Steam, the world’s largest comprehensive digital distribution platform, announced that it would remove all games involving NFTs, and it was updated on the novice entry page that applications that should not be released on Steam include “blockchain-based”. Technology-built applications that issue or allow the exchange of cryptocurrencies/NFTs”. As a super platform that leads human game civilization, it can block a new game mode at will, just because this game with digital assets may have an impact on Steam’s original business model and affect its own interests. Of course, there are also opinions that the reason why all blockchain games are removed is because Steam believes that these in-game items have value, and they do not allow items of real value on their platform, or prevent hype. In any case, even practitioners in the encryption industry cannot easily characterize the NFT game, because it has many revolutionary meanings and is worthy of continuous exploration, and the centralized giants have not actively explored such innovative technologies and models. To conclude, arbitrarily pronouncing the death penalty for new things is also against the wishes of many users.

Name for Web3.0

As a result, openness and interoperability began to become the new enlightenment of thought. Even if a giant has a lot of monopoly resources and involves all aspects of Internet services, there is a need for interoperability in its own system. The business system forms a kind of cohesion and upgrade to create higher efficiency and increment.

Finally Web 3.0 is on the agenda. In order to solve the drawbacks and bottlenecks of centralized development, Web 3 began to advocate the concept of decentralization, but has not yet made a clear technical definition and practice of this concept, but believes that the ownership and control of the Internet should be re-delivered to all users, allowing users to independently control data, assets, and services. This is the basic understanding of the Internet on the third-generation network. As veteran cryptographer Ki Chong Tran wrote: “Under Web 3, the web is decentralized, so no entity can control it, and the decentralized applications (dapps) built on it are open. The openness of the centralized web also means that no single party can control the data or restrict access. Anyone can build and connect different dapps without the permission of the centralized company.”

Web 3.0 is shaping a public force

In Web 2.0, users have been forced to get used to storing content, data, and accounts in centralized applications and platforms. Users will not easily transfer platforms, otherwise they will need to re-establish a set of cumbersome operations, which will fundamentally cause The separation between Internet application services and user permissions are also isolated from each other. For example, mutual access between applications requires cumbersome application, approval, and even mutual prohibition between large applications. In addition, the giants born in the Web 2 era firmly hold business profits in their own hands, rather than sharing them with all platform users. For example, developers in the Roblox community can only get 27% of the system’s revenue, and most of the rest are owned by the platform, so Roblox will make about $500 million in the second quarter of 2021 alone, ironically at 1.2 million developers. Only 1,000 of those in the group earn more than $30,000. Companies created in the Web 2 era, like traditional business models, continue to extract more and more value from the ecosystem without feeding back all or most of the platform’s users. Today, Web 2.0 has completely presented its appearance. Although it is the product of the Internet’s “Internet of Everything” spirit, it has developed into large islands after all. The so-called Internet of Everything is limited to the “all roads lead to Rome” inside large islands. .

Web 3.0 hopes to create a public open space or platform for data, content, identity accounts, and even assets that are becoming increasingly clear. No matter how many independently developed application services exist, they will no longer have all the resources of users (nor do users will be forced to select them again to preserve resources). When providing services, the application layer needs to access such a public space dedicated to users, and obtain relevant production materials and data based on the consent of users, so as to provide users with Internet services. However, in the end, user data and assets cannot be retained to be open and transparent. After there are no data and user barriers, applications will naturally open to each other and communicate with each other. This is an ultimate idea or game design of Web 3. When the centralized business platform is eliminated, the value generated by the ecosystem will be distributed to all users in a decentralized form, allowing real builders to enjoy the dividends of ecosystem development.

At the same time, the Ethereum world computer and other more advanced underlying public chains are also leading the Web 3.0 process in the blockchain world. It is slightly different from the Internet world, and the encryption industry is more specific in the construction of Web 3.0. In fact, based on the core demands of Web 3.0 for decentralization, applications based on smart contracts on public blockchains such as Ethereum can be called Web 3 products. However, given that most of them are attempts without commercial success and market scale verification, it is not enough to represent Web 3. Until the rise and growth of decentralized finance DeFi, the products that can truly realize decentralized operation are brought into reality, and a new virtual virtual machine of hundreds of billions of dollars has been established on the blockchain based on financial and mathematical theories. economy, and returning the power to all users also greatly protects the privacy, data, assets and other rights and interests of all users. For example, users can enjoy fully decentralized asset trading services on the Uniswap protocol, independently control accounts, and independently custody assets. There is no problem of the platform embezzling user assets. When you want to trade, you can always connect your wallet to In the Uniswap protocol, an instant trading experience is completed; users can also exchange their volatile assets for a decentralized stable currency, which will not be confiscated, frozen and transferred by any central institution for various reasons, and it is truly a The user’s own virtual assets with valuable support represent the highest control of human beings over autonomous rights.

However, it is currently limited to the successful implementation of the financial direction (including the hottest NFT in the past two years). The scope and definition of Web 3 is actually the entire Internet. Only by transforming Internet services can we truly find the Web 3 technology paradigm defined by blockchain.Therefore, the crypto industry has never stopped this pursuit, trying to make the blockchain have a central position in the Web 3 era. Today, when the Metaverse sweeps the two worlds, people are surprised to find that the Metaverse is the inheritance and development of Web 3. As the world’s largest accounting firm Deloitte pointed out in the report “The Spatial Web and Web 3.0”, in the Web In the 3.0 era, the form of virtual space that interacts with the real world in 3D space will expand. It’s just that compared to the metaphysics of Web 3, the Metaverse is more realistic and more practical.

Name for Web3.0

Web3.0 Toolbox

Jamie Burke, founder & CEO of blockchain investment agency Outlier Ventures, in “Depth is what leads to Metaverse Operating system of? “In the article, the detailed technical construction of Web 3 is summarized into a Web 3 toolbox. From the core perspective of blockchain and decentralization, the Web 3 toolbox consists of six layers from bottom to top: peer-to-peer network, transaction layer, programmable layer, decentralized application layer, agent, and wallet.

Web3 Toolbox

Peer-to-peer network: P2P network, which is the bottom layer of the network in today’s blockchain architecture, with decentralization attributes, fully distributed P2P nodes can join and exit freely, and there is no central node.

Transaction layer: All activities of the blockchain network are sent, agreed and finally confirmed in the form of transactions. Transactions are the most basic primitives for all event expression.

Programmable layer: With smart contracts as the core, events expressed through transactions are programmable. Turing’s complete smart contract programming language can turn almost any service into an on-chain program.

Decentralized application layer: can be further subdivided into decentralized finance (DeFi), NFT, decentralized governance (DAO, staking), decentralized cloud services (storage, computing, database, query & API), decentralized Personalized Identity (DID).

Proxy layer: Build a bridge between wallets and applications to facilitate the integration of wallets with various decentralized applications. For users, facing such a complex Web 3 toolbox, they only need to know and use the wallet layer.

Through the Web 3 toolbox, an open Metaverse operating system can be further constructed. The architecture from bottom to top is: hardware infrastructure (computing and storage), software back-end (computing and storage), world primitives and rules, virtual Assets, terminal hardware, terminal software.Let’s try to understand the core composition of this open Metaverse operating system based entirely on decentralized technology. The hardware infrastructure and software backend here are specially designed for decentralized technologies, such as blockchain core systems, distributed storage, etc. The core elements are gathered in the middle layer of world primitives and rules, and virtual assets. They are responsible for bridging the digital world and the physical world, and mainly map the physical world through NFT. At the level of world primitives and rules, there is the integration of user identity, ownership and reputation, as well as the integration of programmable smart contracts, which define the basic primitives for building all decentralized activities, on top of which can Carry out the grand construction of the virtual asset layer. The virtual asset layer is roughly divided into three categories: physical and virtual mapping (such as spatial modeling, virtual avatars), economics (such as digital currency, financial infrastructure, trading markets), and content (such as media, data assets).

do it

Whether it is Web 3 or the Metaverse, the most important thing is to clearly establish what kind of open system can mobilize the power of developers around the world, just like building the Linux system in the past and the Ethereum world computer today. The Hongmeng OS technology system that China is building is at the same pace as the related application ecology.

Born in the early days of the Internet age, Linux changed the Web 2 development paradigm and provided a clear example of worldwide collaboration. If Microsoft represents the centralized camp, and Linux represents the decentralized camp of that era, the original Linux was developed by a group of volunteer programmers, geeks, hackers, geniuses, and enthusiasts who used the network to collaborate. This group of free people is full of ideals and passions. They do not need to be connected through a central organization. The most direct language is Git and code.

Eric S. Raymond’s book “The Cathedral And The Bazaar” mentions the irrationality faced by the development of early operating systems, which seems to be in the same line as today’s Internet – at that time, traditional enterprises and The “cathedral” represented by financial institutions controls the discourse power of the operating system, likes to develop complex and closed OS according to their own business intention, and controls the product release cycle in their own hands; Dissatisfied with the oppression, the geek group began to unite to form an open source community, and figured out a fair and efficient decentralized code collaboration system. Through collaboration, innovation was expanded to match the complexity of users, as the author described. : “Code quality is guaranteed not by strict standards or dictatorships, but by natively simple strategies of releasing weekly and getting feedback from hundreds of users within a few days, creating a Darwinian kind of Darwinian for the mutations introduced by developers It’s a natural selection phenomenon. To almost everyone’s surprise, this strategy works very well.” This new type of collaboration is also known as the “bazaar” model. This system has been in operation for decades, and finally brought Linux to the status of king, allowing people all over the world to enjoy the light of open source without commercial monopoly, which is the common wealth of all mankind. Today’s Web 3 is also attacking the entrenched Web 2 “cathedral” in a similar “bazaar” mode, with the help of a broader decentralization movement to completely complete the Internet’s civil liberties.

Name for Web3.0

The Open Source Movement and Web 3.0, Source: Will Web 3 Make the Future of Open Source Better? by Joey DeBruin

The same legend is also playing out in the blockchain world. Bitcoin is this revolutionary technology that confronts the “cathedral” world and is born in the form of decentralized collaboration, but it introduces two more far-reaching innovations on top of the original collaboration system – encrypted collaboration and encryption Asset Incentives.

The blockchain collaboration paradigm brought by Bitcoin pays more attention to ensuring the freedom and rights of development groups on the network through open source cryptography. Under the protection of cryptography, decentralized collaboration is more decentralized and will not be monopolized by any central organization. Internet resources or the implementation of online censorship and offline crackdowns were suspended. For the first time, geeks enjoyed a kind of extreme freedom in the cyberspace and began to incisively and vividly create geniuses. The arrival of cryptoassets has truly freed decentralized collaboration from the constraints of real-world economic sources, before any open-source collaboration developer needed to earn a living in the real world. Therefore, some people are only part-time in the open source movement and cannot devote themselves to it. Open source organizations are also forced to introduce the salary system and income source of the centralized world to pay the core developers salaries. Therefore, the decentralized collaboration has to be economically centered. Control the world.

Encrypted assets were born in the decentralized world, and are valued in the decentralized world. All developers can convert their labor and creation into rewards that far exceed the salary level of the real world, and can be converted when there is demand in the real world. For fiat currency to maintain and improve life.And with the popularity of the blockchain PoS (Proof of Stake) economic model, not only developers, but all network participating users can run validator nodes of a specific network by holding cryptocurrencies, and decentralized collaboration expands from code development to The construction and operation of network entities. All collaborators are incentivized to secure the network by locking up assets and receive rewards in the form of network-native assets. Good behavior is rewarded, and malicious behavior is punished by decentralization. The network can thus safely thrive, continuously expanding itself, without the need for centralized control.

Only under the determination of a more specific technical framework and technical standards, rather than just a slogan or spirit, can all the forces be gathered at one point to establish the underlying platform of the first generation. The world will also use this platform and technical architecture as the core link to carry out the prosperity and growth of the higher-level ecological level. The relevant laws can refer to Ethereum to promote the prosperity of the decentralized financial system. Eventually, the true face and definition of the Metaverse will gradually be presented to the world.

Both Web 3 and the Metaverse are pursuing the openness of decentralization, and the trend of decentralization is also the general trend. Even in the context of Web 2.0, localized decentralization changes have begun to appear on some centralized giant platforms, such as the decentralization of content. The prosperity of WeChat public account, Toutiao, Douyin short video and other self-media platforms today is the result of decentralized UGC. All people participate in the creation and release of decentralized content, and centralized platforms only serve as supervision, review and guidance. the role of values. In fact, in the early Internet process, there were similar ideas, such as Wikipedia and GitHub. Therefore, at any stage of Internet development, people have never stopped exploring and practicing decentralized and distributed collaboration, and this great process will explode completely in Web 3 and the Metaverse. Whether it is the classical Internet Metaverse or the encrypted world Metaverse, each has its achievements and unique advantages in decentralization, which is in line with the general trend of Web 3 openness.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/name-for-web3-0/
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