The difference between Web2.0 vs Web3.0
August 12th, 2022

The main differences between Web 2.0 Web 3.0

Web 2.0: Centralized Platforms

Web 3.0: Decentralized Protocols
The best example of the difference between Web 2 and Web 3 is a comparison of Coinbase and Uniswap. Coinbase is the brainchild of Web 2 crypto; Uniswap is the epitome of Web 3. Coinbase is a company that operates a centralized exchange and order book that stores cryptocurrency on behalf of its users. It charges a transaction fee and retains 100% of its revenue. Uniswap, on the other hand, is a protocol, not a company. It provides a decentralized exchange service and does so without withholding customer funds. Like Coinbase, Uniswap charges a transaction fee, but 100% of its revenue goes to liquidity providers, not Uniswap.

Web 2.0: Off-chain tx
Off-chain transactions are any transactions processed outside the blockchain

Web 3.0: On-chain tx
On-chain transactions are what we usually call blockchain transactions. It is the most popular of the two types of transactions, requiring a general update of the blockchain network.
For a transaction on the network to be completed, the miners must receive an agreed number of confirmations.

Subscribe to bubunya.eth
Receive the latest updates directly to your inbox.
Mint this entry as an NFT to add it to your collection.
Verification
This entry has been permanently stored onchain and signed by its creator.
More from bubunya.eth

Skeleton

Skeleton

Skeleton