The best way to move from Web2 to Web3

Transitioning from Web2 to Web3 can be challenging. The learning curve can be challenging, particularly when trying to understand the principles of the underlying technology.

You need to keep the evolution in mind if you want to divert smoothly. Therefore, it is essential to look at the stages that the web has gone through so far.

In a linked technology world, it is crucial to consider how your organization will benefit from all of these developments in order to maximize productivity. The evolution of the web from “Read-Only” to “Read and Write” to “Read, Write, and Own” is rather fascinating.

Read-Only Web 1.0

Between 1990 and 2004, a period known as Web1 (also known as Web 1.0) existed. It was characterized by corporate-controlled, non-interactive websites. Users had little power to create content or interact with others; they were merely passive information consumers.

It was the “read-only web,” meaning there were no user-generated contents or reciprocal activities. Despite its flaws, Web1 survived for 14 years as an inert, one-sided system that resembled paper.

The Read-Write Web 2.0

Users may consume and produce information thanks to Web2, which debuted in 2004 along with social media. A paradigm of internet value and traffic control where businesses were in charge of it was also offered by Web2. The majority of the time, monetization did not assist content producers. As an alternative, tech giants like Facebook and Twitter made money by gathering user data and selling advertising space to companies without splitting profits.

As user data was gathered and sold to other companies, this centralized function led to data breaches and privacy violations. The focus of Web2 shifted to user-generated content, but it also brought attention to the disconnect between platforms and content producers, raising questions about data ownership and privacy in the digital age.

Read, Write, and Own in Web 3.0

Web3, which was first proposed in 2014 by Ethereum co-founder Gavin Wood, addresses the problems with Web2 by giving consumers access to and control over their data. Web3 emphasizes decentralization and dispersed ownership by users and builders using Blockchain technologies rather than depending on a small number of private companies.

Web3 platforms are permissionless, enabling unrestricted web access for everybody while securing identification through cryptographic addresses or Ethereum Name Services (ENS). This contrasts with Web2 platforms that demand users trust them with sensitive data. Web3 presents a new ownership paradigm in which users are both consumers and owners.

It operates through digital currencies for expenses, rewards, and remittances, with economic incentives characterized by peer-to-peer (p2p) interactions without third parties. The rewards and incentives drive users to be a part of Web3, where they have more control over their data and digital assets.

Transitioning To Web3

When considering a conversion from Web2 to Web3, It is necessary to have some insight into the new frontier. To succeed and flourish, don’t overlook examing the drawbacks of what you are adopting, and how to take advantage of that.

Meanwhile, at the core of such a move should be ease of use, and emphasis on users and their needs. That is the essence of Web3, and if you disregard it, the likelihood of a fiasco is eminent.

The process demands a reassessment of the basic physical and organizational structures and installations. What are the infrastructure needs, and how to deploy them?

These are crucial factors everyone must consider critically in this perspective. In the grand scheme of things, don’t discard Web2 completely, but build new structures on top of it. Tools For Web3 Journey

There is no one-size-fits-all when dealing with the tools required in the Web3 space. However, some accouterments cut across in this endeavor that you will need at all costs.

Learn About Blockchain: Since the underlying technology of Web3 is Blockchain, it is imperative to learn about it. Understanding the technology and its basics can ensure a smooth shift without blemishes. The MoveMint newsletter can be a terrific guide as it is dedicated to assisting African, Black, and Diaspora people to understand Web3 with ease.

Wallets: Whatever it is, one will need a Crypto wallet to be in Web3. There are several of them out there, but again, you need to look into what suits your needs. Crypto wallets are freely downloadable on Google Play Store and App Store.

Use Decentralised Applications (dApp): Decentralised application (dApp) is a sort of distributed open source app that operates on a peer-to-peer (p2p) Blockchain network. To comprehend Web3, you should often utilize dApps. There are over 4000 dApps ranging from games to social media platforms to decentralized financial services.

Experiment with Web3 Tools: There are a lot of Web3 tools out there that you can experiment with in order to gain insight into this frontier. Constant engagement can help you in your journey and transition from Web2.

Keep Learning About New Developments:

The Web3 industry constantly changes with new products and services. To stay afloat by, you must keep learning about new developments all the time. Once again, the MoveMint Newsletter is your best companion to keep updated with the trends.

Join A Decentralised Community:

Community is one of the most cardinal tools in this industry, and it can never be underestimated. It is a means to learn, share lessons, and build.

Joining one is in your best interest.

Be Part Of A DAO: Aside from data ownership, Web3 platforms belong to users like cooperatives using digital tokens that function as stakes or shares in a firm. This technique is a Decentralized Autonomous Organisation (DAO), which allows every member to be part of the decision-making process. Joining a DAO can make your transition adjustable.

Limitations And How To Get Around Them

Web3 has drawbacks despite the many benefits it offers. Even while answers are emerging in Layer 2 Blockchains, the existing scalability issues that make transaction fees expensive, especially with Ethereum, are somewhat crippling.

Once more, poor user experience can result from deterring users, particularly through technical barriers to accessibility. Users must be aware of safety concerns, understand complex technological concepts, and navigate difficult-to-understand user interfaces.

The majority of people are still using Web3, and education is the only way to transition them to the new Web3 age. Therefore, more information is required to encourage widespread usage and repair the internet.