'Why Web3 Requires Complete Decentralisation' web3 oct_network
decentralisation, which the crypto world does not have - yet!with Gavin Wood, who coined the term ‘Web3’ in 2014, sets out a stark differentiation between ‘Web 1.0’, the earliest version of our WorldWide Web that comprised open, decentralised protocols, ‘Web 2.0’, today’s web, controlled by closed, centralised platforms , and ‘Web3’ a decentralized online ecosystem built on blockchain, meant to “break the world free of that monopolistic control”.
In 2021, Tim Berners-Lee, inventor of the WorldWide Web and long-term freedom advocate, envisaged a return to the original, open protocols and principles of Web 1.0 where “ This approach suggests inherent disintermediation by removing 3rd parties, an inbuilt resilience due to a decentralised infrastructure, automatic accessibility meaning nothing is restricted, and personal data ownership where everyone has control over their information. Paradoxically, if one were to take a cursory look at the organisations proclaiming to be Web3 today, one would notice that many, if not all, are centralised actors who are operating in the exact same way as Web 2.0 does.Web 2.
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