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If the Web was invented today, it would probably be quite different from the one we know – readΒ #web3.

With all due respect to Tim Berners-Lee and the people who helped build the Web as we know it, several aspects are impressive, just to pick a few:
πŸ‘‰ the bandwidth on fibre or 5G is more than what we need (far from the 14k modems of the early days)
πŸ‘‰ the collaborative spirit is exciting and revolutionary, from open-source software to the likes of Wikipedia
πŸ‘‰ the diversity of content and applications is limitless, far beyond what anyone could have listed on a business case 🀨

At the same time there are still major issues to be tackled, almost 30 years after the creation of the first web pages and web browsers: identity, security, trust, and payment. When that’s fixed, we can call it the new Web, orΒ #Web3.

πŸ‘‰ In Web3, my identity is digital, in a form of a long code that I store into my digital wallet. I can use my digital identity to log into any website. It’s more private that in Web2, where a commercial company provides me with an ID and monetizes it without my knowledge. It’s also more convenient that in Web1, where my ID is physical, like a passport, and cannot be keyed into a webpage πŸ™ˆ

πŸ‘‰ In Web3, the trust comes from a secured chain that anyone can look up but cannot modify after its creation – like a notary in the digital world. If I own a digital asset, it is written in the chain, and won’t disappear even if the wallet provider goes bankrupt for example. In Web2 I need to trust a commercial company with my properties. In Web1 I cannot manipulate digital assets. The Web was designed for sharing public information between researchers like Sir Tim, not to secure contracts between parties 😳

πŸ‘‰ In Web3, the payment is the transfer of a digital asset, known as cryptocurrency. The cryptos are stored in my digital wallet, connected to a web3 browser and to my digital ID. In Web2 I had to connect my online bank to a merchant’s website using an IBAN and an API 😭. In Web1 I had to enter a 16+4+3 digit number written on my plastic credit card then log into my mobile phone then into my credit card app then click “approve” πŸ˜…

The web is not perfect but I love it since I discovered it in 1994 😎 as a student in computer science. #web3 makes me feel young again 😊