Moving Towards web3.0 Using Blockchain as Core Tech

The invention of Bitcoin and blockchain technology sets the foundations for the next generations of web applications. The applications which will run on peer to peer network model with existing networking and routing protocols. The applications where centralized Servers would be obsolete and data will be controlled by the entity whom it belongs, i.e., the User. From Web 1.0 to Web 2.0 As we all know, Web 1.0 was static web, and the majority of the information was static and flat.  The major shift happened when user-generated content becomes mainstream. Projects such as WordPress, Facebook, Twitter, YouTube, and others are nominated as Web 2.0 sites where we produce and consume verity of contents such as Video, Audio, Images, etc. The problem, however, was not the content; it was the architecture. The Centralized nature of Web opens up tons of security threats, data gathering of malicious purpose, privacy intrusion and cost as well. The invention of Bitcoin and successful use of decentralized, peer to peer, secure network opens up the opportunity to take a step back and redesign the way our web works. The blockchain is becoming the backbone of the new Web, i.e., Web 3.0. History of blockchain The invention of blockchain came to the mainstream after the boom of the Bitcoin in 2018. Have a look at the graph below; Bitcoin was at its peak around $20000. But the technologies that power the blockchain network is not something new. These concepts were researched and developed during the ’90s. Have a look at this timeline. The concepts, such as proof of work, peer to peer network, public key cryptography and consensus algorithms for distributed computing which powers the blockchain have been researched and developed by various universities and computer scientists during the ’90s. These algorithms and concepts are mature and
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