14 - Web2 vs. Web3
ÐApps represent a transition from “Web 2.0” where applications are centrally owned and managed to “Web 3.0” where applications are built on decentralised peer-to-peer protocols for compute (i.e. blockchain), storage and messaging.
- Web2.0 -> Client-Server model
- Existing Infrastructure
- Centrally Managed
- Freemium/Ad business models
- Web3.0 -> P2P
- Compute
- Storage
- Network
- Decentralized Incentivized Participation