Patent Attorney and Founder
Web 3.0 is a generic term for distributed ledger technology that really forms the backbone of blockchain. The history of web 1.0, as you can remember back in the old days with AOL dial-up, folks can get onto kind of a static website where they just see static information right from that website. There was no interaction.
Web 2.0 is more of, think of like the Facebooks, Amazons, where there is an interaction. On Facebook, you’re interacting with Facebook servers, posting pictures, and commenting on them, which requires interactivity between Facebook servers and the user. The same thing with Amazon; it allows for e-commerce, and really, e-commerce is a server hosting goods being sold, and then a user coming onto the Amazon server saying, “I want that.” So, it is interactivity.
Web 3.0 moves beyond interactivity to what’s called distributed ledger technology, which is distributed technology. Like I said with Amazon and Facebook, you’re interacting with their servers. With Amazon servers and Facebook servers, if at some point Facebook or Amazon decides they don’t like you, if you violate their terms of service or something like that, they can ban you. If you have a Facebook profile with a million followers and you’re monetizing that, they have all the power in the world to just get rid of that. So, Web 3.0 is a movement to decentralized servers.