Real Problems That Web3 Solves, Part 1
- tags: Web3,Smart contracts
- source: Bill Prin’s Personal Page. “Real Problems That Web3 Solves, Part 1,” January 3, 2022. https://billprin.com/2022/01/03/real-problems-web3-solves.html.
What exactly is the difference between Web3, blockchain, and cryptocurrency⌗
You can think of blockchain and cryptocurrency as technological implementation details, and Web3 as the communities, businesses, and social relationships that form on top of that technology. A similar analogy would be the original World Wide Web, which could have been construed as a rebrand of the underlying technologies of HTML over HTTP over TCP/IP. Those protocols have served as the foundation for virtually all web content for the last 30 years, but it’d certainly be unfair to describe “the Web” as merely a rebranding of HTML/HTTP/TCP/IP since what happens on top of those protocols is much bigger than just the protocols themselves.
Using blockchain as a database to store personal data in account?
Authentication⌗
Before Web3⌗
- Username and password
- OAuth protocols(namely OAuth2)
Web3⌗
- Wallets that use asymmetric cryptographic algorithm(public key and private key).
- Smart contracts enables advances features, like recovery your lost key.
- MetaMask.