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The Important Role of Polkadot for Web3




Hello, friends! This is James Agenda here.


One of the services most impacted by crypto diffusion is the internet.


Today, I'm diving into a revolutionary way to interact with people and deal with information: the Web3.

And, most important, how Polkadot is building the foundations of this ecosystem.



If you want to save some time, you may navigate through the underlined topics.


difference between web1 web2 and web3

What is Web3?


To start explaining what Web3 is, I need to explain first the other stages of Web:


Web 1.0


The first stage, known as Web 1.0, started in 1991.


The Web was primarily static pages where the users could consume information, like a huge encyclopedia linked together.


There was nearly no interaction. Some call it "read-only".


The main use of the Web was for e-mails and search engines.


Some of the biggest services were: Hotmail, MSN, Google, Yahoo!, and Internet Explorer.


web1.0 websites examples


Web 2.0


Since 2004 we've been witnessing Web2.


At this stage, the Web is centralized in huge servers from the big tech companies.


Some examples are Google, Meta, Amazon, and Microsoft.


This is the age of social media. We use the internet to interact in many different ways with people from all over the world.


web 2.0 examples


Web 3.0 or Web3


In 2008, Bitcoin changed the world by using blockchain technology to create a cryptocurrency.


Since that, innovators have been trying to implement this technology to revolutionize other parts of our lives.


One of the most famous cases is Web3, where blockchain is used to decentralize and secure the internet.


The major objective of Web3 is to empower the user, giving it control over its data and making it difficult to be censored.

Thus, a decentralized payment method is needed to ensure the rewards to the content creators.


There it's where Cryptocurrencies and DeFi come in. Without them, Web3 wouldn't be possible.


Although this stage is just starting, there are already some examples of Web3, like NFTs and DeFi.


Polkadot Acala Defi web 3
Acala is a Polkadot's Parachain focusing on Decentralized Finance.

Why is Web3 important?


OK, you can clearly notice the revolution that Web 2.0 brought to our lives.


But why do we need Web3? What is going to change with this ecosystem?


Let's check below:


web3 internet privacy big tech

Privacy


First of all, Web3 projects can bring us more privacy.


Today, we "pay" for all the free websites and social networks we use with our data.


Usually, we accept the terms and conditions of these websites without even reading them.


And thus, we end up allowing them to access much of our information.


The problem is that these websites sell our data to other companies.


That way, we have no control over who accesses the information we put on the internet.


Uniting the internet with blockchain, we find a way to make us the owners of our data.

Thus, we can decide who to share our information with and even charge them.


Gavin Wood Edward Snowden Polkadot Metaverse Web 3
Gavin Wood and Edward Snowden talk about Trust and transparency in the metaverse era.


Liberty


With more choices, the user becomes empowered.


Recently, due to the war in Ukraine, Russia has been censuring and manipulating media that cover the conflict.


Even if the big tech companies wanted to refuse to cooperate, they couldn't.


With a decentralized internet, we no longer depend on these arbitrary entities.


They can't censor ideas that they don't like. That's a huge step for democracy.


russia censorship internet web3


How does Polkadot help Web3 development?


Finally, let's get to the main topic in this post.


Polkadot has been at the center of the Web3 ecosystem since the beginning.


Next, you can understand why:


Gavin Wood





As I already explained in this post, Gavin Wood, co-founder of Ethereum, is the creator of Polkadot and Kusama.


In 2014, he wrote an article on his blog about Web3 and ĐApps.


This article were responsible for inaugurating the term "Web3" involving blockchain.

The truth is that Gavin Wood is definitely the most engaged person when relating to Web3 development. And he is the head behind Polkadot.




Web3 Foundation


Web3 Foundation Polkadot DOT



Web3 Foundation is an organization founded by Gavin Wood to support Web3 projects.


Polkadot and Kusama are, of course, the biggest projects developed by the Web3 Foundation.


Annually, they organize the Web3 Summit, an event to unite members of the Web3 community to share ideas.


In 2022, Web3 Foundation and Polkadot attended the World Economic Forum at Davos.

They took part in the Polkadot Web3 Hub.


It was a 4-day event, broadcast worldwide, with leaders from many countries.





Polkadot Interoperability


Polkadot DOT Parachains Interoperability Web3


Polkadot is a Layer 0 that builds the foundations for Web3.


The internet is a service that facilitates interaction between people from all over the world.


Today, the crypto universe is nothing like that.


Many different blockchains are competing with each other to be the one that solves all the problems.


The Polkadot Network came to break this paradigm: The goal behind Polkadot is to embrace different blockchains.


It's an ecosystem of specialized blockchains.

Without that, a truly decentralized Web isn't possible.


If you want to know more about how Polkadot works, check this article.


There I wrote why Polkadot is my best Investment for the Web 3 revolution.


Consider subscribing for free to keep yourself informed on Polkadot & Kusama ecosystem!


Cheers! 🥂


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