The Internet as it is today is vastly different from what it was just a few years ago . In 2023, you can increasingly see the integration of Web3 in social networks , games, medicine , etc. Keep reading this article to see if you can create a Web3 application that will replace Web2!
Web2 has brought us many useful solutions such as:
- Social networks ;
- e-commerce ;
- Cloud computing and others .
However, as the Internet develops , so does the need for more privacy , security , and decentralization of our operations . Web3 has arrived, the next evolution of the Internet , which promises to solve the current shortcomings of the World Wide Web .
If you are a developer or entrepreneur looking to create a Web3 application , this article will provide you with valuable information about the future of the web and how you can be a part of it . Leave your contact details on our website to develop a Web3 application with us!
So let’s start the confrontation of the Internet right now!
Finance: PayPal vs Metamask
Payment systems such as PayPal are the mechanisms and methods used to exchange value between users . They allow you to transfer money electronically or non- cash , such as :
- credit cards ;
- Digital wallets ;
- Bank transfers and others.
The advent of cryptocurrencies has revolutionized our understanding of payment systems . Since the creation of bitcoin in 2009 by an unknown user whose name is “Satoshi Nakomoto” , they have created increasing competition for traditional finance .
See also: “ Blockchain application in the public sector ”
PayPal
PayPal is a digital payment system that was founded in 1998 . Over the years it has grown into one of the most popular and widely used payment platforms in the world . To date, the number of active users of the service is more than 300 million .
To understand why the service is so popular, we have prepared a list of key advantages of PayPal , such as:
- Convenience. PayPal provides a fast and easy way to send and receive money electronically without the need for cash or bank payments;
- Safety. PayPal offers secure transactions through data encryption to help prevent fraud and ensure transactions are completed securely;
- Global availability. PayPal is widely accepted and available in over 200 countries . It supports over 100 currencies , making it a convenient option for international transactions.
PayPal provides a reliable , convenient and secure way to send and receive money electronically . The service has a wide range of features and services that meet the needs of both individuals and businesses.
Even though PayPal offers a convenient and widely accepted payment system, it cannot solve Web2 problems such as :
- decentralization ;
- Privacy ;
- Security and others.
They can only be solved with decentralized networks and advanced cryptographic technologies that are the hallmarks of Web3 .
Matamask
Metamask is a crypto wallet that allows you to manage cryptocurrencies and interact with DApps . It has over 30 million active users. Metamask is an extension that can be installed on browsers such as :
- Chrome ;
- Firefox ;
- Brave etc.
Metamask provides cryptocurrency transactions and provides a convenient interface for interacting with the Ethereum network .
Believe it or not, however , the blockchain company ConsenSys managed to create a Web3 application that competed with PayPal . Among the most important advantages of Metamask are:
- Safety. According to a study conducted by Security.org, Metamask was ranked as the second most secure cryptocurrency wallet, behind only the Ledger Nano S hardware wallet.
- DApp integration. This includes decentralized exchanges like Uniswap , marketplaces like OpenSea , and various other DApps . According to DappRadar, Metamask is the most popular Ethereum wallet for interacting with DApps;
- Convenient interface. Metamask has a simple and intuitive user interface. This makes it easier to manage your cryptocurrencies and interact with DApps.
Overall, Metamask provides users with a range of benefits . They have made it one of the most popular and widely used cryptocurrency wallets and browser extensions on the market .
Read also:What are DApps and how do they work? Learn how DApps development can change the world”
Browsers: Chrome vs Brave
A browser is a software application that allows you to access and interact with Internet content . They are an indispensable tool that allows you to get all the benefits of the World Wide Web. The most popular Web2 browsers include :
- Google Chrome ;
- Mozilla Firefox ;
- Apple Safari ;
- Microsoft Edge etc.
With the development of the Internet, they have not been able to address the need for enhanced security , lack of a centralized regulator , and data privacy . Web2 was replaced by promising Web3 browsers, such as :
- Brave ;
- Opera Crypto Browser ;
- Puma Browser .
They are designed to give users greater security , privacy , and control over their online activities, including interactions with decentralized applications (DApps) and cryptocurrencies .
Chrome
Google Chrome is a web browser developed by Google and released in 2008 . It was developed with the goal of creating a fast and streamlined application that would be better suited to the Internet of the day.
Chrome is constantly evolving to make the user experience easier for people around the world. Here are a few key benefits of Chrome , for which it is so loved:
- Speed. Chrome’s V8 JavaScript engine is designed to run JavaScript programs 20 times faster than other web browsers, according to Google;
- Personalization. Google Chrome supports extensions that add additional functionality to the browser. As of the end of 2022, there are over 190,000 extensions available in the Chrome Web Store;
- Integration. Chrome is tightly integrated with Google’s suite of web services such as Gmail and Google Drive . This allows users to easily access and manage their data across devices.
Chrome has become one of the most widely used web browsers , holding over 70% of the market as of the end of 2022. However, it still has a lot of problems with the original Web2 concept.
Brave
One of the most popular Web3 browsers is Brave . It was founded in 2015 by Brendan Eich, the creator of JavaScript and co-founder of Mozilla Firefox . Brave is built on the Chromium platform and includes features such as :
- Ad blocking ;
- Blocking trackers ;
- Built-in cryptocurrency wallet .
Brave also rewards users with its native cryptocurrency , the Basic Attention Token (BAT), for viewing ads and supporting content creators.
- Speed. Brave’s ad-blocking and tracker-protection features contribute to faster web browsing. According to a study by Brave , the browser loads major news sites six times faster than Chrome, Safari, and Firefox;
- User Rewards. Brave has an innovative user reward system with the Basic Attention Token (BAT). Tokens are awarded for viewing ads. Users have the option to opt out of this feature;
- Community. Brave has a strong developer and user community committed to making the web more open and decentralized. According to the Brave website, there are over 1.5 million verified content creators in the Brave Rewards program.
Brave ‘s benefits make it a popular choice among users looking for a better way to interact with the web . Few believed that creating an alternative to Web2 applications could be as successful as Brave !
Social media: Linkedin vs Braintrust
The first social media platform was created in 1997 called Six Degrees . Since then, social networks have become a ubiquitous part of our lives and have become the main source of news , entertainment and communication for many people.
Despite most of the useful features that Web2 social networks can give us, they still have many disadvantages , for example:
- Centralization. The platform has full control over user data, including the ability to censor or manipulate content.
- Lack of privacy. Web2 social networks often require users to provide personal information when creating an account. In the future, this information is used to provide personalized content and advertising ;
- Revenue models based on advertising. Most Web2 social networks generate income by placing banner ads on their site . The company generated $41.6 billion in ad revenue for the full year, according to Facebook’s Q4 2021 financial results. This represents over 98% of total income .
Already, one can see the desire of users for more privacy , security and decentralization on the Internet . Developers around the world want to create a Web3 social networking application that could replace giants like Facebook or Linkedin !
LinkedIn is a professional social networking platform. On Linkedin, you can share content related to your industry to attract professionals around the world or find an employer for yourself.
It was founded in 2002 and acquired by Microsoft in 2016. LinkedIn with over 700 million users in over 200 countries . It is mainly used for:
- professional communication ;
- job search ;
- recruiting ;
- Career development .
Like other Web2 social networks , LinkedIn has been criticized for a number of issues related to centralization , privacy and data ownership . This highlights the need for more decentralized , user-owned alternatives such as Braintrust .
Braintrust
Unlike traditional Web2 social networks, Braintrust operates without a centralized authority or intermediary. This allows freelancers and clients to interact directly with each other and maintain control over their data and intellectual property. This is possible thanks to :
- Blockchain. The network uses blockchain technology to secure data and incentivize users through tokenomics ;
- Smart contracts. The platform uses smart contracts to automate payments and ensure that both parties are fairly compensated for their work .
Having received an investment in 2021 in the amount of $18 million , it continues to develop its functionality and add new integrations with various blockchain platforms .
It is likely that in 2023 Braintrust will continue to evolve and develop as a Web3 social network . It can be a great alternative to Linkedin for freelancers around the world.
Conclusion: Internet Confrontation, Who Will Win?
Whether Web3 will eventually completely replace Web2 remains to be seen . But it is clear that the future of the Internet is decentralization and user empowerment .
While there is currently no full-fledged Web3 application , they still continue to improve and evolve . It is becoming clear that over time, the demand for these alternatives to traditional Web2 platforms will only grow .
Whether you’re a developer , entrepreneur , or just someone with a vision for a better web , now is the time to take action and contribute to the future of Web3! Create a Web3 application with us – will be your best solution . Leave your contacts on the site to start developing Web3 applications in the near future!
Who do you think will win in this confrontation?
