Startup Funding Espresso – Difference Between Web2 and Web3

Difference Between Web2 and Web3

Hello, this is Hall T. Martin with the Startup Funding Espresso — your daily shot of startup funding and investing.

There are several differences between Web2 and Web3.

Web2 centralizes the control of information kept by gatekeepers while Web3 decentralizes control and removes the gatekeeper.

Web2 requires one to give their content and information to another entity, while Web3 lets the user maintain control of their content and information.

Web2 focuses on reading and writing content while Web3 focuses on creating content.

Web2 uses fiat currency such as the US dollar while Web3 uses cryptocurrency such as tokens.

Web2 uses JavaScript and HTML while Web3 uses open source blockchain technology.

Web2 stores data on centralized servers, while Web3 stores data in a distributed manner across the internet.

Web2 gave users access to the system through logins and passwords.

Web3 gives users access to the network through their own online wallets.

Web2 provides basic content while Web3 provides the semantic web using artificial intelligence and machine learning.

Web2 provides basic application to application communication while Web3 provides composability or the ability for one application to call another application.

Web3 continues to grow and evolve and holds the promise of creating a more democratic internet available to all.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let’s go startup something today.

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