Week 1, Day 3: Key Differences Between WEB2 and WEB3
WEB3 is revolutionizing the internet, but how does it differ from WEB2? Let’s break it down:
🔹 Ownership – In WEB2, companies like Facebook and Google control platforms. In WEB3, users have ownership through blockchain technology.
🔹 Data Control – In WEB2, big tech companies collect, store, and sell your data. In WEB3, you own and control your data.
🔹 Monetization – In WEB2, platforms make money from user content. In WEB3, users can earn directly through tokens and NFTs.
🔹 Transactions – WEB2 relies on banks and middlemen for payments. WEB3 enables direct peer-to-peer transactions using cryptocurrency.
🔹 Security – WEB2 stores data on centralized servers, making them vulnerable to hacks. WEB3 is decentralized and more secure.
WEB3 is shifting power back to the people! What excites you most about this transformation? Let’s discuss in the comments!
