According to some proponents and its founders, Web3 is a radically updated internet technology that will unlock a new era of human cooperation and creativity. This is not the opinion of Tim Berners-Lee, the British computer scientist to whom we owe the invention of the World Wide Web in 1989. According to him, we must “ignore the Web3”, this is “not the web at all”.
Web3 can be presented as a nebulous term in the tech world used to describe a hypothetical future version of the Internet, more decentralized than today and not dominated by a handful of powerful players like Amazon, Microsoft and Google. . It involves a few technologies, including blockchain, cryptocurrencies, and non-fungible tokens.
Recall that the term Web3 was coined in 2014 by Gavin Wood, an English computer scientist. At the time, he had just been involved in the development of Ethereum, the blockchain that underpins ether, the second most popular cryptocurrency after bitcoin in terms of awareness and market size. Wood thinks the current design of the We2 is not a good solution, for several reasons. “One of them is that it is very difficult to regulate new industries. The government is slow, it takes some time to catch up. Another is that regulators are imperfect,” he said.
For its founders, the platforms and applications built on the Web3 will not be owned by a central guardian, but by the users, who will earn their share of ownership by contributing to the development and maintenance of these services. “Web3 is a way of dealing with the trauma of losing a great possible future for the Internet,” says Niels Ten Oever from the University of Amsterdam. Many are convinced of the potential of this Web3.
While getting our personal data out of the clutches of Big Tech is an ambition shared by Berners-Lee, he’s not convinced that blockchain, the distributed ledger technology that underpins cryptocurrencies like bitcoin, will be the answer. Tim Berners-Lee said on Nov. 4 that he doesn’t see blockchain as a viable solution for building the next version of the internet. The web creator is unconvinced by the cryptocurrency visionaries’ plan for its future and says we should “ignore it”.
Tim Berners-Lee has his own web decentralization project called Solid. This is a new project that aims to radically change the way web applications work today, leading to true data ownership and better privacy.
“It’s a real shame actually that the current name of Web3 was taken by the Ethereum folks for the things they do with the blockchain. In fact, Web3 is not the web at all,” said Berners-Lee, speaking on stage at the Web Summit event in Lisbon. “Ignore the Web3 stuff, the random Web3 that was built on the blockchain,” he added. “We don’t use this for Solid.”
Berners-Lee says our personal data is guarded by a handful of Big Tech platforms, like Google and Facebook, who use it to “lock us into their platforms. “The result was a big data race where the winner was the single company that controlled the most data and the losers were everyone else,” he said.
Ewan Kirk, tech entrepreneur, says, “Don’t believe the hype around Web3. According to Kirk, the hype around Web3 is just another reminder of the tech industry’s short-term memory.
“For someone who’s been mining bitcoins since 2012, it’s clear that Web3 is just a new version of the blockchain technology that we’ve been discussing for ten years,” he said. “Web3 followers want to add a blockchain layer to our internet infrastructure and radically decentralize the network, or so they claim. »
Instead of online services and data being delivered from centralized servers owned by companies like Amazon, Google and Facebook, they will be delivered off the blockchain, outside the control of any single organization or person. For Kirk, the distribution poses a problem of scalability. “The cost of distributing a database is that each copy must be correct. It’s an incredibly expensive thing to guarantee. Think of all the copies of the bitcoin blockchain in the world. They all have to be in sync,” he says.
According to Ewan Kirk, while Web3 and the blockchain may not pave the way for a much-promised digital utopia, there are still reasons for optimism: we now live in an era where the cost of storage data and bandwidth tends more and more towards zero. In a world where data storage and bandwidth are no longer scarce commodities, new business models and new opportunities are bound to emerge”, Ewan Kirk
Source: Tim Berners-Lee, speaking at the Web Summit event in Lisbon
What is your opinion on the subject?
What do you think of Web3? Do you agree that Web3 should be ignored?
Do you think this is a scam?
See as well :
Is the concept of Web3 a new joke? Proponents believe it’s the only way to regain internet freedoms, but critics say it’s just a ‘buzzword’
Can Web3 change the world? It wouldn’t just be a new joke, says tech entrepreneur Ewan Kirk, “don’t believe the hype”