While the current version of the Internet, Web2, is used by millions, it is not without its flaws. Issues regarding data ownership, censorship, and security continue to plague the Internet, spurring the conceptualization of a new and improved version called Web3. This future Internet seeks to include technologies like blockchain, artificial intelligence (AI), and augmented reality (AR). At its core, an ideal Web3 should offer benefits such as data ownership and confidentiality. Web3 is touted to be an improved version of Web2 but what exactly is it, and is it better?

Potential benefits of Web3
Increased data security
Data held by tech giants in centralized databases are vulnerable, as hackers would need to access only one system to compromise user data. With decentralized solutions to store and manage data, private information can be more securely held.

True data ownership
With one of the focuses of Web3 being data ownership, users will be able to regain control of their data and even monetize it if they wish to do so.

Control over the truth
Without a central power, users will not be subjected to unfair censorship. Without the power of censorship or the ability to erase specific content, it will be significantly harder for large companies to control the narrative of any discourse.

There are other potential benefits that make Web3 superior to its predecessors.


Closing thoughts
Web2 versus Web3 can be thought of as a variation of the age-old centralized versus decentralized debate. Because Web3 has yet to materialize, its purported superiority to Web2 is up for debate. However, with its decentralized infrastructure, Web3 could potentially tackle the data-related scandals we’ve seen with Web2, and return control to users.

Source - https://academy.binance.com/en/articles/web2-vs-web3-which-is-better?ref=AZTKZ9XS&utm_source=BinanceTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial

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