In Web 2.0, all data is maintained on a single server. Cyberattacks on these servers frequently result in data leaks and manipulation.
Instead, Web 3.0 uses the blockchain to run the web as a decentralized organization. Here to accomplish the decentralized web all data is stored in user-owned devices. Also, all cryptocurrency or NFT transactions between crypto wallets are announced publicly to all web users.
In Web3 for any crypto transaction to be valid, all users need to authenticate and approve the transaction. All approved cryptocurrency and NFT transaction details are stored in a newly created block, which has hashed values of the previous block.
If a user wants to track any previous cryptocurrency or NFT transactions they have easily look up the address of the block. The hashed values of the previous block let the user access the entire transaction history.
Cyberattacks cannot manipulate the data stored on Web3 as they will need to change the data on all the blocks of the blockchain.
Web3 also eliminates the need for the central authority in the transaction by using the concept of smart contracts. Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met.
Smart contracts are written usually in Solidity programming language and when the conditions of the transaction are satisfied the smart contract self-executes.
Web3 is used in well-known blockchain platforms like Ethereum, Solana, Polygon, NEAR, Algorand, Cardano, BlockCypher, and Hyperlexdger Fabric to support decentralized web and dApps.
Web3 has applications across different domains like banking, gaming, education,eCommerce, eLearning, and supply chain. It has applications for crypto wallet login to portals, NFT gated content, and role mapping based on NFT and communication between distributed entities of the blockchain. Also, Web3 is highly compatible with all popular CMS.
Web3 allows users to log in to a WordPress with a cryptocurrency wallet and verifies users’ ownership of the wallet. There is support for login using both hot and cold wallets. Support to restrict content on WordPress website and grant access based on NFT owned in the crypto wallet.
Restrict access to Shopify stores and allow access to products based on specific NFTs owned in Crypto Wallet. You can also go ahead and give benefits to users on Shopify based on NFT owned in your wallet.
Allow users to do crypto wallet login to ASP.NET and restrict access to content. Access to restricted/gated content to only those users who own specific NFT in a crypto wallet. Support to assign roles on the ASP.NET website based on NFT.
Users can log in to Laravel web pages by connecting/logging in using a crypto wallet. Allow users visiting the Laravel website to connect their wallet and do an NFT login. Support for NFT token gated/NFT token gating content on Laravel pages, where access to restricted content will be based on NFT owned.
Allow cryptowallet login to WooCommerce store login and registration pages. Once a user connects a crypto wallet to WooCommerce, support for crypto payments. You can also create exclusive stores on WooCommerce for customers who own specific NFTs in their crypto wallet.
Support for crypto wallet login and connect the wallet to the Wix website. Flawlessly do NFT-based restrictions on Wix and allow access to only those users who own specific NFT in their wallet. Redirect users who do not own NFT from the Wix website to NFT marketplace like OpenSea, Rarible, and SuperRare to purchase tokens.
User visiting the Squarespace website can securely connect their crypto wallet and implement NFT token gated and NFT token gating. Once the user does a crypto wallet login to Squarespace, all use cases for NFT token-gated Squarespace can be done where access to restricted content on the Squarespace website is granted based on NFT tokens owned in the wallet.
Crypto wallet login to BigCommerce store. Allow exclusive access to the BigCommerce store products to users based on NFT ownership in the wallet. Restrict access to BigCommerce store products based on NFT ownership. Give discounts to customers on BigCommerce based on NFT ownership/holdings in the wallet.
Crypto wallet login to LMS and allow access to different LMS courses based on NFT ownership in a crypto wallet. Based on NFT owned allow users to access educational content and courses. Also, assign roles to users on education pages according to NFTs in wallet.
Content creators mint images, videos, or blogs into NFTs.The NFTs minted have a unique ID and name , web 3.0 can be used to track where the NFT collections are stored. Support for lazy minting features.
The concept of NFT gated content locks/restricts the website content behind an NFT portal. Visitors who want to access restricted or locked content need to have the specified NFT collection in their crypto wallet.
Display NFT details such as NFT name, ID, and address using Web3.Import NFT from the crypto wallet and NFT marketplaces to websites and pages to display your NFT collection and advertise it.
Allow users to do crypto wallet login to the website and page. Support for login to the website using both hot like MetaMask, Edge, Coinbase, Electrum, and Exodus and cold wallets like Ledger and Trezor.
Allow users to connect crypto wallets to websites and eCommerce stores to do crypto payments.Web3 supports multiple blockchains,wallets and crypto currencies for doing transactions.
Users can code smart contracts using the Solidity programming language. These smart contracts are written for NFTs or crypto and trigger when specified conditions of the transactions are meet.
The entire data of the supply chain can be stored on the blockchain. Users can keep track of data such as the origin of the product, storage, and product certifications.
Allow crypto wallet login to the WooCommerce store for crypto payments. Also, create an exclusive WooCommerce store by NFT token gating.
Users can store data over the decentralized web using a blockchain registry. Data such as content, images, and videos can be minted and stored in the registry.
Web operates ideally with both hot wallets like MetaMask, Edge, Coinbase, Electrum, and Exodus and also cold wallets like Ledger Nano S, Ledger Nano X, Trezor, and Ellipal Titan.
In the blockchain, all data is distributed across the world wide web. There is no single server or central authority and hence if a few user devices fail, the transactions are not affected.
The data is not stored in one server but instead stored on devices owned by users who are distributed over the world wide web. This eliminates the charges paid to the central authority.
Web3 is compatible with CMS like WordPress, Shopify, DNN, and Laravel and works flawlessly. It provides a medium of communication for these systems, allows login, and above all provides effective security.
Web 3.0 decentralizes the world wide web by maintaining multiple users in a decentralized manner and any change should be approved by all the users. This gives flawless security against hackers.
The concept of a token gated community has many applications in different domains. A large number of dApps are developed using Web3 technology.PancakeSwap is one such famous dApps.