Decentralized Future. How the Blockchain and Web 3.0. Change the Digital World

Web 3.0 and Decentralization concepts: intro for beginners.

When you're just starting to discover the world of blockchain, cryptocurrencies, NFT, and Web 3.0, the abundance of new concepts can lead to confusion. For the convenience of beginning Initers, we have prepared a series of tutorials on the latest digital technologies. And we will start from the origins: the history of the Internet, the rise of decentralized networks, and the path the digital world is on now.

Please note that the following information is intended for those new to blockchain. If you are an experienced user and have something to add to our material, we would appreciate your comments!

From Web 1.0. to Web 3: The steps the Internet has taken

Web 1.0, 2.0, and 3.0 are conditional historical stages that stand out in the development of the World Wide Web. Their transition cannot be tied to a specific date or year, as it is pretty slow and carries over much of the previous stages.

Technologies and the behavior of Internet users typical of the 90s and early 2000s are commonly referred to as Web 1.0. Back then, websites were designed mainly for reading; they lacked interactive elements and multimedia. Users had little opportunity to engage in dialogue and exchange files. For communication, there were separate forums and chat rooms.

With the advent of high-speed Internet connections, multimedia has become popular: videos, music, and graphics. Web 2.0 outstands by the emergence of new web services, the development of web programming, and improved design and usability of sites. In parallel, anonymity began to diminish: social networks became a tool for the mass collecting of information about people. In many services, users have to provide their personal data. Personal details are stored on content sites, and this information can be hacked.

Well, Web 3.0 is a new concept in progress, which we will discuss in more detail.

Decentralization: one of the most important features of Web 3.0

A decentralized network is a system managed not by a single company but by many users connected to the network. In technical language, these users are called "nodes."

One of the forerunners of the blockchain is torrents, which we used (and sometimes secretly still use) to download movies and music. The data we download to ourselves via some Utorrent is not stored on a single server but on multiple personal devices. This makes it impossible to stop the downloading process artificially: after all, it includes many people who agree to this file exchange.

But the true technological development of decentralization rose at the end of the 2000s: more precisely, in August 2008, when the domain name bitcoin.org was registered. Later that year, someone under the pseudonym Satoshi Nakamoto published a document called "Bitcoin: an electronic peer-to-peer payment system." In it, he described how the future cryptocurrency would work. And on January 12, 2009, the first ever bitcoin transaction took place: Satoshi Nakamoto sent 10 BTC to cryptographer Hal Finney. That was the beginning of blockhain: an unbroken chain of blocks. It contains all records of completed transactions. Unlike conventional databases, these records cannot be changed or deleted, only new ones can be added.

The new digital gold did not and could not technically belong to any particular banking institution. No one can fake it: each transaction is confirmed by independent users (so-called "miners"). And no bank would ever freeze your assets (unless you store them all on a cryptocurrency exchange rather than a wallet).

This concept attracted the interest of not only traders but also of numerous institutions. After more than ten years, an asset in blockchain can be anything: stocks, real estate rights, databases, and even art. As a result, most big companies like Google or Amazon are fighting for their slice of the pie, working on their own blockchain solutions.

And at the same time, decentralized technologies are increasingly embedded in the Internet and gadgets, gradually changing their nature.

According to the Web 3.0 concept, the Internet will become more democratized, and the usefulness of content will be determined by Decentralized Autonomous Organizations (DAOs). DAOs will be large companies and services, and their members will have the right to vote and make decisions important for the content and the organizations themselves. In other words, it is something like a global karma system.

If we continue on this path, in the future, data will no longer be stored on a single server but will be distributed among users. The necessary computations will move from data centers to users' laptops, smartphones, and other gadgets.

Other important Web 3.0 features

• Artificial Intelligence and Machine Learning: Intelligent algorithms will still continue to help users search for relevant content.

• Openness: The software will be mostly open source, which will allow a thorough understanding of how the tools are built and how they interact with the user;

• Freedom: The role of moderation will be taken over by the community, not corporations;

• Accessibility: Experts suggest that in the era of Web 3.0 the Internet will be almost anywhere, and the distributors will be IoT devices and "smart" gadgets.

What Web 3.0 apps can offer right now?

In the modern sense, web3-application is software that uses one of the technologies of WEB 3.0: blockchain (for decentralization), artificial intelligence, neural learning, Big Data, and VR / AR.

When you hear about web3, you may notice that cryptocurrency is often part of the conversation. This is because cryptocurrency plays a large role in many of these technical processes. It provides a financial incentive (tokens) for those who want to participate in creating, managing, contributing, or improving one of the projects. Crypto wallets such as MetaMask and Torus make it easy, anonymous, and secure to integrate international payments and transactions into web3 applications.

People can profit by participating in the application in various ways, both on a technical and non-technical level.

Because all blockchain data is completely public and open, users have complete transparency about what is happening. This contrasts with buying shares in private or centralized companies, where many things are often hidden from view.

And this is already happening in the Web 3.0 space!

Inite also contributes to the development of Web 3 applications. We offer an alternative to the simple dopamine crypto games based on primitive actions for earning money. The concept of daily meditation, brainstorming, and idea generation not only entertains users but also allows them to significantly train their cognitive abilities and improve their quality of life. This, in turn, increases the longevity of the game ecosystem and attracts more users to web3 as a whole.

We implement GameFi to incentivize participation and SocialFi for sustainable community and ecosystem growth with user-generated web3 content. Find like-minded people, create DAOs around ideas you share and turn creativity into your daily habit!

Interested? Join us!