Cointelegraph breaks down Web3 and how it can create a better version of the internet and give back control to the people.
In the newest episode of Cryptopedia, Cointelegraph’s Jackson DuMont dissects Web3 and gives an insightful overview of how the next generation of the internet works. DuMont discusses the basics of Web3 and how it’s different from its predecessors Web1 and Web2.Web1 was the first version of the internet, which occurred from 1991 to 2003. It involved static and read-only HTML web pages with simple design, and DuMont described Web1 users as only „consumers of content.” On the other hand, Web2 brought innovations like images, videos, applications, games and ads. The second iteration of the internet relied on the exchange of information between companies and users and has developed a centralized social ecosystem.The term Web3 was first used by one of the Ethereum founders, Gavin Wood, back in 2014. He descr
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