Creating the web we deserve: The case for Web3

There isn’t a doubt that the web has reworked the best way we dwell and work. It has made communication and collaboration simpler than ever earlier than. Nonetheless, there’s a draw back to this elevated connectedness. 

The centralized nature of the web implies that a number of massive firms management most of what we see and do on-line. This focus of energy has led to issues about data privacy, censorship, and different abuses of energy.

It’s turning into clear that the earlier, and certainly present, iteration of the web doesn’t characterize what the world huge net is actually supposed for. To know this and in addition the promise that Web3 holds, we’ll go over the historical past of the web and the way it has modified with time.

The present web

The web as we all know it’s largely a product of the Nineties. This was the last decade when business use of the web took off, and corporations like AOL and Netscape turned family names. The online browser was invented, and HTML turned the usual markup language for creating net pages.

The Nineties had been additionally the last decade when the World Wide Web Consortium (W3C) was based. The W3C is a company that units requirements for the way the net ought to work. Its best-known requirements embrace HTML, CSS, and XML.

The late Nineties and early 2000s noticed the rise of search engines like google and yahoo like Google and Yahoo! These firms constructed their companies by indexing web sites and making them simple to seek out by way of search key phrases. Google’s founders Larry Web page and Sergey Brin additionally developed the PageRank algorithm, which ranks web sites primarily based on their reputation.

The centralization of data and the gatekeepers of the web

The search engine increase of the late Nineties and early 2000s led to the centralization of data on the web. A number of massive firms got here to dominate the market, they usually proceed to take action right this moment.

These firms are often known as the “gatekeepers” of the web. They management what customers see once they log on, they usually have a major influence on the best way companies function. The issue with this focus of energy is that it may be abused. 

The gatekeepers can censor content material, prohibit entry to info, and acquire information about customers with out their consent. A number of cases of abuse have been documented lately. In 2018, for instance, Fb was embroiled in a scandal over the misuse of person information. 

Although arguments are sometimes made in regards to the necessity of the centralization of data, it has grow to be more and more clear that this mannequin will not be sustainable in the long run. The web was designed to be a decentralized community, and the centralized mannequin goes towards the spirit of the net.

Proof for this may be traced again to the early days of the web. The primary iteration of the web was often known as ARPANET, and it was created by an arm of the U.S. Protection Division within the Sixties. ARPANET was designed to be a decentralized network that might proceed to operate even when components of it had been destroyed.

The following section of the web’s growth was the creation of the TCP/IP protocol within the Seventies. This protocol permits computer systems to speak with one another on the web. It too was designed to be decentralized, in order that if one a part of the community went down, the remainder might nonetheless operate.

Even going again to the conceptualization of Charles Babbage’s Analytical Engine within the 1800s, it’s clear that the decentralization of data was all the time seen as a key good thing about computing. It’s only lately that the web has grow to be extra centralized.

The rise of cryptocurrencies

In 2009, a person or lady (or group of individuals) often known as Satoshi Nakamoto launched a white paper entitled “Bitcoin: A Peer-to-Peer Digital Money System.” This paper proposed a brand new manner of utilizing the web to ship and obtain funds with out the necessity for a government.

Bitcoin is a decentralized network that makes use of cryptography to safe its transactions. It’s also the primary and most well-known cryptocurrency. Since its launch, Bitcoin has been used for quite a lot of functions, each authorized and unlawful. It has additionally been praised and criticized by individuals all around the world.

The Ethereum blockchain is one other standard platform for launching cryptocurrencies. Ethereum was established in 2015, and it has since grow to be the second-largest blockchain by way of market capitalization.

Ethereum is completely different from Bitcoin in that it permits builders to construct decentralized functions (dapps) on its platform. These dapps can be utilized for varied functions, from monetary companies to social networking.

The rise of cryptocurrencies has led to the event of a brand new sort of web, often known as Web3. Web3 is a decentralized community that’s not managed by any central authority.

As an alternative, Web3 is powered by a community of computer systems all over the world which can be working blockchain software program powered by Ethereum and several other different platforms. This software program permits customers to work together with one another with out the necessity for a intermediary.

Web3 has the potential to revolutionize the best way we use the web. Nonetheless, it’s nonetheless in its early phases, and it stays to be seen whether or not or not it would dwell as much as its promise.

How Web3 can create the web we deserve

There are a number of methods Web3 can create the web we deserve — for instance, enabling greener know-how, fairer decentralized finance and economics, true censorship resistance and privacy-respecting options to present centralized social media platforms. 

These use instances for Web3 are advanced and deserve their very own devoted articles (which we’ll make sure you write and hyperlink to sooner or later), however let’s contact on every one briefly beneath. 

Enabling greener know-how

The present web is predicated on a centralized mannequin that’s not very power environment friendly. The information facilities that energy the web use numerous electrical energy, and this electrical energy usually comes from soiled power sources like coal.

Web3 might help to create a extra sustainable web by making it potential to run information facilities on renewable power sources — or abandon the idea of data centers altogether by offering a greater infrastructure for edge computing. The nearer your info is to you, the higher it’s for the surroundings.

Fairer decentralized finance and economics

The present monetary system is managed by central authorities, akin to banks and governments. This method will not be very accessible to everybody, and it usually advantages the rich greater than the poor.

Web3 can create a extra equitable monetary system by making it potential to launch decentralized functions (dapps) that provide monetary companies to anybody with an web connection. For instance, there are already dapps that enable customers to borrow and lend cash with out the necessity for a financial institution.

True censorship resistance

The present web is censored in lots of components of the world. For instance, China has a strict censorship regime that blocks entry to many web sites, together with Google, Meta (Fb), and Twitter.

Web3 might help create a really censorship-resistant web by making it potential to launch decentralized functions that can’t be blocked by censors. For instance, there are already dapps that enable customers to entry the web with out the necessity for VPN.

Privateness-respecting options to present social media platforms in Web3

Algorithmic duty is an space present social media platforms have uncared for. By conserving social media centralized, there isn’t a manner for the common person to know what lies behind the algorithms that run these platforms. These algorithms usually decide what content material is promoted and what content material is buried.

As a matter of reality, research have proven that the more extreme and polarizing the content, the upper the burden the algorithms place on it — which may have a dangerous impact on society by selling division as a substitute of understanding. Whereas there are some ongoing experiments with decentralized options to those algorithms, it’s nonetheless in its early days. 

Decentralized social media can be rather more clear, and customers would be capable of perceive and alter the algorithms in the event that they so select. As well as, decentralized social media would give customers the power to personal their information — one thing that’s not potential on present centralized platforms.

Web3: Creating the web we deserve

So tying again to the issues we’ve talked about — what would a really perfect web appear like? What are the parameters that outline it? We expect a really perfect web ought to have the next properties:

• It needs to be accessible to everybody.
• It needs to be power environment friendly.
• It needs to be censorship resistant.
• It ought to respect person privateness.
• It ought to promote algorithmic duty.

These parameters are achievable with the guarantees of Web3 applied sciences. Within the coming article collection, we’ll delve deeper into what components have led to Web2 turning into a pandora’s field of issues, and the way the subsequent iteration of the web may have the potential to show the web into the platform we deserve — one that’s sustainable, equitable, and empowering.

Daniel Saito is CEO and cofounder of StrongNode.