Web 1.0, also known as the Static Web, was essentially a content repository with little to no interactive elements.
Web 2.0, also known as the Social Web, added interactive tools and user-generated content to the internet. Web 2.0 is built on centralized servers with participation largely managed by a small number of large conglomerates. Although content can be created and distributed by individuals, the platforms are still centralized and are rewarded disproportionately over the content creators themselves. Data is also owned by the platforms rather than individuals.
Web 3.0 is the decentralized web, the ecosystem of protocols and applications run by distributed networks of machines. The machines and users interact with both data and one another without a third-party as an intermediary.
Built using distributed ledger technology, particularly blockchain technology, Web 3.0 is open, permissionless, and trustless while still remaining secure. Openness, in both development and function, is key to Web 3.0. The technology is generally open-sourced and collaborative, and while user information remains private, transaction information is public. Permission is not required to participate in Web 3.0. A network remains secure based on the protocol’s consensus mechanism rather than through the maintenance of information in a single location or ledger. Unlike the centralized web, users of Web 3.0 need not trust any specific authority to believe the information stored is true. Network protocols, smart contracts, and other software take the place of individuals or companies. If you trust the code, you can trust the system.
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Bison Trails is a blockchain infrastructure platform-as-a-service (PaaS) company based in New York City. We built a platform for anyone who wants to participate in 25 new chains effortlessly.
We also make it easy for anyone building Web 3.0 applications to connect to blockchain data from 33 protocols with Query & Transact (QT). Our goal is for the entire blockchain ecosystem to flourish by providing robust infrastructure for the pioneers of tomorrow.
In January, 2021, we announced Bison Trails joined Coinbase to accelerate our mission to provide easy-to-use blockchain infrastructure, now as a standalone product line. The Bison Trails platform will continue to support our customers. With Coinbase’s backing, we will enhance our infrastructure platform and make it even easier to participate in decentralized networks and build applications that connect to blockchain data.