Decentralized Web: When the web started, everyone started putting their website online to create an online presence so that people can know you. Then Web 2.0 came into the picture, which brought us social media and e-commerce platforms. Google, Facebook, Amazon etc. all came together to provide you services, every day we use those apps, and we are happy with it, and somewhat they own you, they know everything about you, your professional and personal life. Somewhat it is good as they know you.
Now almost everything is centralized. When the internet came into the picture it was decentralized, everyone was having their own authority, power as they were buying their own server. But now due to facilities like AWS- Amazon web services, we can host our website on AWS that simply means AWS owns our data.
In the Facebook scandal, we got to know that they used our data for political purposes. Your personal life is being shared with advertisers, and they can use it to manipulate you, can use data as they want, & what you see is what you learn.
Drawbacks of the centralized Internet:
- Servers can go down
- Companies can monetize your data
- Servers can be hacked as it is centralized
So here is the concept of Web 3.0, Decentralized internet:
It is the idea in which web runs across a number of machines that are owned by consistent users except for a central place like a server.
In this framework, Blockchain can be considered as a driving force of the next generation Internet, the Decentralized Web, or Web 3.0. The decentralized network can bring us true Peer to Peer transactions without a middleman, Take an example of Bitcoin.
A decentralized version depends on a peer-to-peer network built on a user group. Each website would be spread out across thousands of nodes on different devices, eliminating the probability of a server crashing due to, say, a DDoS attack.
But, since a Decentralized computing is booming, It is considered as an improvement over the hackable and crashable version we have now. Hence it stands a better chance of stabilizing across the next decade.