A series of Web3; Ch 2 - Web3 Explained - 3 core tenets of Web3

If you haven't read the last chapter about the #Web3revolution and the history of the internet, please do so. In this chapter, we will discuss the tenants of #Web3. Let's start.

It is important to know the essential principles of Web3, which are as follows;

1. Decentralization
2. Trustless interaction
3. Practical application of artificial intelligence and machine learning.

• Decentralization—is the former that lies at the core.

Decentralization?

The definition of #decentralization is "the distribution or scattering of functions and powers."

Decentralization, in a Web3 context, refers to taking away the powers of centralized organizations (governments, banks—any organization) and giving them back to people or users.

The search for "Decentralized Applications" has increased by 700% over the last three years.

What is a Centralized Web?

Facebook owns the social media sites #Facebook.com and #Instagram, while Google owns the search engine ##Google.com and #YouTube.

And on the shopping side, Amazon controls a large portion of e-commerce through its ownership of Amazon.com and many top 100 websites via their AWS cloud hosting platform.

Because of this, these three companies control both the flow and content of web traffic on their platforms. In short, they are the giants.

Just a few large companies largely control the web.

What is a Decentralized Web?

All websites—including the one you're reading—are hosted on servers owned by companies like GoDaddy and Amazon.

The large companies that host and control much of the content we interact with daily are highly centralized.

Thanks to blockchain technology, the web has now become decentralized.

#Centralized = one entity controls the web.

#Decentralized = multiple entities control the web simultaneously.

Let's talk about Blockchain as a Decentralized Ledger

Blockchain technology is secure and there's no central database to hack or tamper with.

Instead, thousands of computers are stored in many different locations on the Internet that connect to make a "web".

How Blockchain Works?

The best example that I got when it comes to how blockchain works are this one. There are many articles explaining technical things that people find when searching for this. So, consider the situation in which you and a colleague are updating a Google sheet simultaneously. If one of you makes an edit, that change will instantly be reflected on everyone's copies of the spreadsheet.

What if many people were making changes to the same spreadsheet at once?

On the surface, you might think that people would edit each other's work and erase what others were doing.

Blockchain makes it possible to ensure that each update happens in a perfectly chronological, linear sequence.

Blockchain data is written in sequential, chronological order.

Cryptocurrency Is Just One Piece of Web3

Not just #crypto. #Blockchain offers a way to create tamper-proof, unalterable records of ownership and transactions.

But rather than being a technology giant corporations use, blockchain was designed to help ordinary people take control of their finances.

Breaking the Internet Rules

Web3 is both #Trustless and #Permissionless.

The current state of the Internet is similar to Web 2.0 in that both are based on centralized control—both web traffic and web hosting are subject to whoever controls them, whether as sites or services.

Why Trustlessness Matters

When you send a bank transfer, you trust that your bank will take the money and deposit it into another person's account. Similarly, when you send a Facebook message to your spouse, there is no reason to believe that anyone at Facebook* or the government** would intercept such communications.

While most transfers go through without a hitch, and while most people are not being spied on, Web3 proponents want to take no chances: they prefer the more secure blockchain platforms.

The reinvention of the Internet

Web3 facilitates a fairer Internet by removing human biases in coding and relying on machine learning to ensure it works properly. To be truly worthy of the name, these platforms must embrace a core principle: They must open themselves up for anyone to use. That is where permissionless blockchain comes in.

Permissionless Interaction

The Internet is a web of networks, each with its own rules.

For example, you get access to #Netflix shows in Costa Rica that are dramatically different from those available to Canadians.

In a permissionless Web3, there are no limitations on geography or status. The only thing needed to access a protocol.

It was only a matter of time before we came to this point, where Web3 is capable of being deployed without relying on trust from third parties.

AI and Machine Learning

The third trait of Web3 is its incorporation of artificial intelligence and machine learning.

A lot of searches for "Artificial Intelligence"

While many people associate #AI with exciting applications like self-driving cars and virtual assistants, the most pervasive uses of this technology are pretty boring.

Web3 intends to integrate artificial intelligence.

How Machine Learning Feeds AI

If you are not from mars you would know that conversing with robots might be fun to think about, but the process of training them - called machine learning — isn't much fun at all.

#MachineLearning aims to teach or feed a computer program large amounts of data to learn to recognize patterns on its own as we do with a baby or a pet.

Imagine that you want to train an AI program so that it can tell the difference between pictures of dogs and cats.

The more images you feed, the better its pattern recognition abilities become.

You would feed the computer hundreds of dog and cat photos to learn to identify patterns in each. Then, once you felt confident that its pattern-recognition capabilities were good enough, you would start testing this software by giving it new sets of photos—one set with dogs and another group with cats (but no other animals).

Complex Pattern Recognition

Then, when it makes a mistake, you would alter the pattern recognition algorithm so that - next time around - it doesn't make the same error.

Keep in mind that the above example is straightforward. However, training AI programs is as complicated as it gets (and for a good reason—it's a particular skill).

AI as a Part of Web3

#Artificialintelligence has been a talking point for decades, but Web3 is the first time that AI can be widely applied.

The first example involves the #InternetofThings (aka IoT). The concept is that "things" will be electronic, connected to the web 24/7 and make their own decisions.

In the future, most anything we plug in will use artificial intelligence to operate more efficiently—from self-driving cars that interact with other vehicles around them to microwaves and ovens that communicate with each other.

And that's just one example.

Today, only the shopping experience offers many opportunities for customized content.

You will be shown ads relevant to your previous searches based on cookies and tracking software.

Result; A Custom Tailored Internet

In the future, web browsing could become a highly personalized experience.

Instead of #Facebook and #Amazon having your data, you would have control over it—isn't that great? and could share pieces of that information with different companies or individuals.

A computer program would track your preferences and match them with products on the web, creating a customized version of that website just for you.

So to conclude we can say for Web3 "You" matters a lot.

Thanks for reading it out.