Understanding Digital Assets - Bitcoin, Blockchains, and Web 3.0

Extract

[...] With this Web 3.0 the functioning of the Internet is called into question and will be oriented towards decentralisation that depends on the blockchain. Thus, after cryptocurrencies, the decentralised web will become the next application of blockchains. Generally speaking, blockchain and cryptocurrencies serve as the basis for Web Indeed, the systems presented by the blockchain are essential for this new web. Confidentiality and high security offered by blockchains are elements used by web 3.0 developers to attract Internet users. Considering the role of decentralisation, the checkpoint cannot be easily hacked. [...]

[...] However, the technologies required for Web 3.0 are under development. With different smart devices, the Internet of Things, and the use of wireless networks, Web 3.0 should soon emerge. If we take the evolution of the first Web model that was simple websites and Web 2.0 that is more interactive, Web 3.0 is expected to change the interaction between users and the way of creating websites. This is because the properties of Web are different from previous versions. They are based on artificial intelligence and the ubiquity of technology. [...]

[...] Many companies are considering creating "private" blockchains so that access to its use is limited to a limited number of users. A blockchain is, therefore, considered to be a large database that ensures anonymity and tamper-proofing. Mathematician Jean-Paul Delahaye defined blockchain as large notebook that all people can read easily and for free, on which they can write freely, but which is impossible to destroy". In summary, the decentralised nature of this technology, combined with transparency and security, makes it possible to broaden the fields of application. [...]

[...] You should know that it is possible to convert certain currencies such as the euro, the yuan or the dollar into Bitcoins. The Bitcoin exchange rate experiences great variations. For example, in 2011, you could get a Bitcoin for 4 euros while, in 2013, it was worth more than 800 euros and in 2018, a figure that could go up to 16,000 euros. One of the main strengths of this currency, sometimes seen as a weakness, is the legal framework. [...]

[...] Understanding Digital Assets: Bitcoin, Blockchains, and Web 3.0 The Internet is a growing technology that keeps evolving. Moreover, there are more and more companies and new sites that are added to the Internet with programs and websites and this is why the way the Internet is used is changing, as people learn to adapt to new technologies. The era in which the world finds itself is considered to be the end of Web 2.0 and that Web 3.0 is not far off. [...]