Web 3.0 Is The Ultimate Google Killer For 7 Reasons

Google has over 4 billion active users globally, enjoying a wide range of services like communication, financial, health, marketing, and entertainment. It’s part of a worldwide web 2.0 which has massive flaws. Most projects based on Web 2.0, including Google, social media networks, and others, have been accused of messing with consumer data.

Fortunately, after Blockchain’s launch in 2009, a web 3.0 system was discovered. It combines features like tokenization and decentralization at its core. Web 3.0 has been termed the much-awaited Google killer. This guide explores eight reasons why web 3.0 will kill Google.

Decentralizes Ownership of Data

One of the biggest prons associated with the web 3.0 over Google is the decentralized data ownership. In the web2, data owners are mostly the giant social networking pages like Facebook, Twitter, or even Amazon.

While data garnered in web2 is often used to improve services, most centralized networks sell the data to other marketers. The collection and transfer of information in web2 majorly depend on the efficiency of social media networks.

Using the power of blockchain, web3 decentralizes the whole idea of data ownership. The actual data owner is tokenized for selling their information, ensuring the original data owner benefits from the data. As it continues to grow and people realize the data power offered to them via web 3. More people will start taking advantage of web 3 to get passive income for their data. 

Web3 has No Intermediaries, More Transparency

Intermediaries have been a major part of web 2.0 in the past years, with them being involved in almost every service. Many authorities centralize the transfer of services via web 3.0, including those offering electronic transactions. 

The blockchain-based web3 system can connect large companies directly to individual customers. Yes, there will be a necessity for regulations to provide fairness. 

Removal of intermediaries fosters more transparency within the web3 ecosystem. All stakeholders within the crypto ecosystem will track data and source codes of the networks they want to use. 

People Enjoy Uninterrupted Service

While Web 2 has been an excellent servant to us for years, problems like account suspension and denial of distributed services have been a significant issue. It’s common to hear that entire web pages and social media networks are completely down. 

In web3, account suspensions and even downtimes will be reduced vastly. The blockchain base is, by design, self-sustainable. However, other systems like sharding have been introduced to distribute the database entirely. If one server goes down, many other backup systems ensure no seizures.

However, the clause does not mean that blockchain 100% eradicates the issue of downtimes. But, it reduced such occurrences. Once web3 assures investors and users of fewer downtimes and more reliability, people will say goodbye to web2.

Web3 Offers Privacy at the Core

Web3, homed by blockchain, also enhances the participants’ privacy. Web3 allows you to control little details about your information. For instance, you can control who can access, when, and what information.

Using the blockchain base, you can easily ensure that your information is secure and highly accurate. Blockchains do not use intermediaries to control security. Instead, they just easily encrypt the data.

Does not Compromise security at the core

Blockchain technology has garnered much praise for the high security it offers investors. By definition, blockchains are secure and immutable. Projects under the web3 umbrella must follow strict security policies to attract investors. Most such projects often undergo a high audit process. By default, the web3 will continually offer more security than web2; hence many people will switch to it.

Community Involvement

Unlike web 2, web 3 allows participants to organize themselves in decentralized organizations for investment and decision-making purposes. By organizing themselves in DAOs, people can work together, interact and share experiences for projects. DAOs can make it easy for startups to develop by sharing activities like marketing, writing codes, and managing DAOs. The web3, therefore, makes it easier for people with common investment goals to interact.

The End of Online Borders

Interoperability is one of the best features of web3; basically, it eradicates online borders. At the moment, some blockchains are already interoperable. As long as you have assets in your wallets, you can easily use them in different supported chains.

One area where web3 is likely to continue working on is metaverse interoperability. Achieving interoperability will open a new world of opportunities for creators. Web3 has a higher interoperability ceiling in that it’s possible to offer interoperability in the metaverse.

Author’s Take

The guide has explored eight reasons why Web 3.0 should be considered the ultimate Google killer. One of the most exciting web 3.0 features is decentralized data ownership, meaning individuals will be tokenized to share their data.

Web 3.0 also offers more security, decentralization, privacy, and interoperability. Finally, Web 3.0 reduces the problem of downtimes which has been the story of web 2.0 life.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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