Now that we’ve established the differences of Web 2 vs Web 3, we can examine how blockchain fits in. Crucial to the Web 3 movement is the use of open, trustless and permissionless networks. In short:
Open networks are developed and executed through open-source software, meaning transparency and network decentralization.
Trustless networks allow users to control whether they share their personal information publicly or privately, while retaining ownership over the data.
Permissionless networks give users the chance to participate in data exchange on a level playing field; the governing body does not need to provide permission to gain access.
With decentralization, equal access, transparency, and control, blockchain technology builds on previous peer-to-peer principles to bring us closer than ever to the bright future envisioned by Web enthusiasts.