Jack Dorsey has announced plans for Web5, a successor to Web3. How do these blockchain standards work?
Many popular websites are rushing to embrace cryptocurrency, blockchain, NFTs, and related technology. However, the trend is part of a long journey that began in the earliest days of the web. Here’s how standards have progressed.
Web1 and Web2 Came Before Blockchain
When the internet came into common use in the 1990s, it was primarily made up of static web pages. Users could retrieve information, but even basic interactions such as on-site comments were rare. Often, user content was published manually.
Later, around 2005, Web2 emerged as a de-facto standard. Websites began to allow users to interact and post their own content in a variety of ways—through social networks, blogging, comment sections, video sharing, and more. Web2 began when websites introduced ways to automatically handle user data.
Many major websites, including Google, YouTube, Facebook, and Twitter, are Web2 sites because they dynamically display user-generated content.
The fact that Web2 introduced the possibility of online user interaction also set the stage for Web3 and the addition of blockchain transactions.
Web3 Introduced Blockchain Tokens
The term Web3 came into usage when Ethereum co-founder Gavin Wood coined the term in 2014, several years after Bitcoin went live as the first blockchain.
Though Web3 is still a loosely defined concept, it generally refers to websites that use blockchain technology to handle data and transactions.
Continue reading: https://www.bitrates.com/news/p/web3-and-web5-what-are-blockchain-based-web-standards
Many popular websites are rushing to embrace cryptocurrency, blockchain, NFTs, and related technology. However, the trend is part of a long journey that began in the earliest days of the web. Here’s how standards have progressed.
Web1 and Web2 Came Before Blockchain
When the internet came into common use in the 1990s, it was primarily made up of static web pages. Users could retrieve information, but even basic interactions such as on-site comments were rare. Often, user content was published manually.
Later, around 2005, Web2 emerged as a de-facto standard. Websites began to allow users to interact and post their own content in a variety of ways—through social networks, blogging, comment sections, video sharing, and more. Web2 began when websites introduced ways to automatically handle user data.
Many major websites, including Google, YouTube, Facebook, and Twitter, are Web2 sites because they dynamically display user-generated content.
The fact that Web2 introduced the possibility of online user interaction also set the stage for Web3 and the addition of blockchain transactions.
Web3 Introduced Blockchain Tokens
The term Web3 came into usage when Ethereum co-founder Gavin Wood coined the term in 2014, several years after Bitcoin went live as the first blockchain.
Though Web3 is still a loosely defined concept, it generally refers to websites that use blockchain technology to handle data and transactions.
Continue reading: https://www.bitrates.com/news/p/web3-and-web5-what-are-blockchain-based-web-standards
