I know. The term has been hijacked. However, we need to keep driving home the point of Web 3.0 and what it is.
In this video I discuss the main feature of Web 3.0: the fact that it is the next generation internet.
I also cover what it is, ie what makes it so. At the same time, we mention some of the challenges we face at this moment.
▶️ 3Speak
In the issue of security on the web3 blockchain, how can it be addressed and solved? because they are so many vulnerabilities now on different blockchains and also we know that anything new in the crypto industry is always a target for cyber attacks.
CetiK which is a blockchain security firm has been raising funds for the past nine months to solve the issue of security blockchain and they still haven't been able to.
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Thanks for this information, this is a very important topic and I think you summarized it very well!
You share something and it's there on the internet. That's cool, you can see that. Well, that can be taken down at any time. The moment you realize that you put your effort and time to create something, but you don't own that, you will not be happy anymore. Web 3.0 gives you ownership and full control. And that's very important if you value freedom.
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Losing your data and the money together will be crazy. I can definitely see lawsuits happening everywhere and people screaming for it back.
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Summary:
In this video, Task discusses the concept of Web 3 which he believes is the natural evolution from Web 2. He emphasizes that Web 3 is about data ownership and secure accounts, rather than just being associated with cryptocurrencies. Task highlights the importance of building applications with improved user interfaces that prioritize user data ownership. He explains how platforms like Hive are addressing account management and data ownership in the Web 3 space. Task critiques the current state of Web 3 applications, pointing out that the user interfaces are lacking, especially on mobile devices. He predicts that over the next five years, UIs in Web 3 will improve significantly and mentions the potential integration of VR and mixed reality. Task emphasizes the need for individuals to own their data, especially with the rise of NFTs and cryptocurrencies, to avoid centralized platforms controlling their financial assets.
Detailed Article:
Task discusses the significance of Web 3, stating that it is the successor to Web 2 and stresses the importance of continuing the conversation about it despite the controversies surrounding the term. He asserts that Web 3 represents the next generation of the internet, with a focus on applications and data ownership rather than just being linked to cryptocurrencies. Task highlights the need for secure accounts for true data ownership, noting that platforms that can erase accounts do not provide genuine data ownership.
In terms of development, Task delves into the role of blockchain, particularly mentioning Hive as an exceptional platform for account management. He explains the upcoming release of the Hive application framework, separate from a planned hard fork, which will streamline data access for developers without direct interaction with the underlying blockchain. Task emphasizes how blockchain technology inherently ensures data ownership and immutability, contrary to centralized platforms where account decisions are subject to corporate policies.
Furthermore, Task critiques the current user interfaces (UIs) on Web 3 applications, pointing out their deficiencies both on desktop and mobile platforms. He compares the slow progress of UI improvements in Web 3 applications to the advanced stages of UI development in established platforms like Facebook and Twitter. Task anticipates gradual enhancements in UI over the next five years, especially as developers adapt to mobile interfaces and potentially venture into mixed reality.
Task also discusses the potential risks of centralized platforms controlling user data and financial assets, urging individuals to opt for decentralized platforms where they have full ownership and control. He envisions legal requirements in the future to separate financial assets from centralized platforms to prevent potential loss for users. Finally, he draws a parallel to the early days of the Internet, highlighting the limited choices and functionalities available at the outset and underscoring the ongoing evolution and growth of digital platforms as developers continue to innovate and improve user experiences in the Web 3 space.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.