Introduction
If you are following the world of blockchain closely, then you must have come across the terms “Web 2.0” and “Web 3.0”. You might be wondering about the exact definition of these terms and how they are relevant to the blockchain. The internet, as we know it, has been through many milestones before reaching the stage it is in now. Web 2.0 and Web 3.0 are generations of internet services with distinct variations in how users interact with the internet. Therefore, people are eager to find out web 2.0 and web 3.0 differences to know why they need Web 3.0. The following discussion would help you discover the distinct traits of web 2.0 and web 3.0 in detail. The detailed understanding of web 2.0 and web 3.0 would set the ideal foundation for reflecting on the web 2.0 vs web 3.0 comparison.
What is Web 2.0?
If you want to learn about the web 2.0 vs web 3.0 comparison in detail, then you should start with Web 2.0. It refers to the second generation of internet services, which focused on enabling users to interact with content on the web. Web 2.0 fostered the growth of user-generated content alongside interoperability and usability for end users. The second-generation web does not focus on modifying any technical specifications. On the contrary, it emphasizes changing the design of web pages and the ways of using them. Web 2.0 encouraged collaboration and interaction among users in P2P transactions, thereby setting the stage for e-commerce and social media platforms.
Apart from the favorable implications of interoperability, interactivity, and usability, web 2.0 also fosters interoperability across various services. Another important highlight about Web 2.0 in the Web 2.0 and Web 3.0 differences would refer to web browser technologies. AJAX and JavaScript have emerged as formidable instruments for the creation of web 2.0 websites.
What is Web 3.0?
While web 2.0 might look like an advanced approach to the internet, it still harbors many setbacks. What about the security of your personal data? Trusted institutions take control over the data of users in Web 2.0, especially due to the need for trusted intermediaries. If two parties want to complete a transaction and they don’t know or trust each other, then they would have to rely on trusted intermediaries. However, the intermediary has control over the data storage and management thereby strengthening their grip over users. In addition, centralized power has never gone well in times of crisis thereby calling for decentralization. The latter player in the question of “what is the difference between web 2.0 and web 3.0?” has a promising solution to the setbacks in web 2.0.
Web 3.0 presents a promising improvement over Web 2.0, especially with major transformations in terms of infrastructure. Also referred to as the semantic web, the third generation of the web leverages an advanced metadata system. The metadata system helps in structuring and arranging all types of data for making it readable for humans and machines. The foremost advantage associated with Web 3.0 is practically the best highlight in Web 2.0 and Web 3.0 differences. Web 3.0 takes away the need for centralized intermediaries and introduced the universality of information.
Comparison between Web 2.0 and Web 3.0
1. Definition
One of the foremost factors to answer “What is the difference between web 2.0 and web 3.0?” would focus on their definitions. Web 2.0 is the participative social web or the second generation of internet services that enables read and write functionalities. On the other hand, Web 3.0 is the third generation of the web which focuses on the semantic web. It basically focuses on enabling better communication and understanding between users and machines on decentralized infrastructures.
2. Focus
The next critical aspect for identifying web 2.0 and web 3.0 differences would obviously draw attention towards the primary focus. Web 2.0 focused on enabling users to interact with content on the internet. On the other hand, Web 3.0 fosters immersion in the content on the internet by becoming an active contributor. While web 2.0 aimed to connect people, web 3.0 aims to connect knowledge. On a broader level, the focus of web 2.0 reflected largely on tagging and end-user experiences. Web 3.0 turned its focus towards user empowerment by facilitating improved trust, security, and privacy. So, you could clearly identify that the focus area is a notable aspect in web 2.0 vs. web 3.0 comparisons. You have web 2.0 focusing particularly on community development while web 3.0 intends to empower individuals.
3. Technologies
The third important differentiating factor in web 2.0 vs web 3.0 comparison would refer to the underlying technologies. Web 2.0 has played a decisive role in fostering the development of many new technologies. Some of the notable technologies underlying the growth of web 2.0 include AJAX and JavaScript. In addition, you can also notice the dominance of CSS3 and HTML5 among the technologies empowering Web 2.0. On the other hand of the spectrum, you can find web 3.0 providing support for the implementation of innovative technologies. The major technologies underpinning the foundation of web 3.0 include AI, semantic web, and decentralized protocols. The other notable technologies underlying the growth of web 3.0 include knowledge bases and ontologies.
4. Types of Applications
Another crucial factor for answering “what is the difference between web 2.0 and web 3.0?” would refer to the types of applications associated with them. In the case of web 2.0, you can find web applications. Some of the examples of web 2.0 applications include two-way web pages, video websites, podcasts, and personal blogs. On the contrary, web 3.0 empowers the growth of smart applications with capabilities for leveraging ML and AI functionalities. The notable examples of web 3.0 applications might include multi-user virtual environments, 3D portals, and integrated games.
5. State of Data
The state of data is also another prominent factor in the outline of web 2.0 and web 3.0 differences. In the case of web 2.0, the network takes ownership of the data. However, web 3.0 implies the ownership of data by an entity alongside flexibility for sharing data throughout the network.
6. Features
The final highlight for web 2.0 vs web 3.0 comparison would obviously point out to the features. Web 2.0 allows better interaction alongside introducing a wide range of web applications. In addition, it also relies on interactive advertising. On the other hand, web 3.0 relies on behavioral marketing and offers smart, web-based functionalities and applications. As a matter of fact, web 3.0 offers a perfect representation of the blend between web technology and knowledge representation.
The role of cross-chain in web3.0
Where multichain networks refers to projects that across existnetworks, but share an underlying security infrastructure, a cross-chain protocol enables interoperability between totally unrelated blockchain ecosystems. In other words, it acts as a blockchain bridge.
What do we mean by this? Well, imagine you’re trying to access DeFi services, but you only have Bitcoin in your wallet. The vast majority of the DeFi is based on Ethereum — Bitcoin is a foreign language. This means you’d need to use an exchange to swap your Bitcoin into ERC20 in order to get started, a costly, inconvenient and time-consuming process that leaves you depending on the exchange.
However, a blockchain bridge eliminates the need for any third-party intermediary like an exchange platform, enabling you to use your Bitcoin directly within the Ethereum ecosystem. This not only gives individuals more control as they navigate crypto, but also contributes to the decentralization of the entire ecosystem.
How do cross-chain bridges work?
A blockchain bridge acts as the missing link between two blockchain ecosystems, making the transfer of information, data and tokens across them fairly easy.
This is established by creating a protocol that keeps your original assets in a pool and giving you back coins of an equivalent value that — through the power of smart contracts — are compatible with the other network. This provides a way to transfer information, data, and assets across different blockchains seamlessly, using these “wrapped” assets.
What is LI.FI?
LI.FI is a cross-chain bridge aggregation protocol with DEX connectivity. Their vision is to create a middle layer between DeFi infrastructure and the application layer to facilitate the development of applications in a multi-chain world.
With LI.FI, it’s very easy to be cross-chain from day one, onboard users who are coming from other chains, or extend your existing product with cross-chain capabilities: e.g., cross-chain swaps or cross-chain yield strategies.
LI.FI connects the bridges to DEXes and DEX aggregators, allowing cross-chain any-2-any swaps.
Features and benefits LI.FI ?
1. Support of all chains, bridges, and exchanges
2. Ability to allow or deny certain chains, tokens, bridges, and exchanges
3. Preview the swap route even before connecting the wallet
4. View of swaps in progress and swap history
5. Route settings for advanced users
6. Wallet management UI with the ability to use your own
7. Custom theming with dark mode support
Whay LI.FI ?
1. Bridging & Swappping
Bridging is often not enough. Get access to all chains and all DEXes.
2. Smart Routing
We’ll identify the best — safest, fastest, cheapest routes.
3. Multi-Asset Swaps
Swap multiple assets into the one desired, on-chain & cross-chain.
4. Data Messaging
Arbitrary contract calls on the destination chain, cross-chain strategies.
5. Security Oriented
6. Customisable
Your security preferences: whitelist, blacklist and preferred routing. We consult, you choose
Get Started with LI.FI
Official website: https://li.fi/
Bridge & Swap: https://transferto.xyz/
Discord: https://discord.gg/lifi
Twitter: https://twitter.com/lifiprotocol
Telegram: https://t.me/lifinews
Blog: https://blog.li.fi/
GitHub: https://github.com/lifinance/
All information and ways of communication : https://link3.to/lifi