Web3

Cyber-Expansion #

The figures of virtuality have evolved, revealing new routes of hyperconnection. We are in an era where the etherealization of forms and contents has generated impulses of disruption, emancipation, and cyber expansion. This text is an introduction to our 0x series, which seeks to approach a philosophy of Blockchain and its impact on new cybercultural landscapes, exploring topics within the decentralized paradigm of the third web.

Web1: The Read-Only Virtual Presence #

In the 1990s, with the birth of the World Wide Web, technologies like HTTP, HTML, DNS, and IP were introduced. These protocols allowed the creation of static web pages, accessible via browsers. Web1 is characterized by its unidirectional nature: users accessed information published on the network without the possibility of interaction, marking a transition from physical representation to digitization.

Web2: Centralized Telematic Interaction #

In the late 1990s, the popularization of the Internet led to economic speculation that culminated in the dot-com bubble burst. However, companies like O’Reilly Media, with terms such as “open source” and “web 2.0,” catalyzed an Internet renaissance. Web2 brought interactive applications, blogs, social networks, and multimedia platforms, transforming the web into a space of massive creation and consumption but also control by large corporations that manage and monetize user data.

Web3: Decentralized Liberation #

Web3, based on Blockchain, emerges in response to the centralization of Web2. Initially proposed by Satoshi Nakamoto in 2008 with Bitcoin, Blockchain allows secure and decentralized transactions without intermediaries. In 2013, Vitalik Buterin expanded this idea with Ethereum, a platform that uses Blockchain to develop decentralized applications, eliminating intermediaries and returning data control to users.

Fundamental Characteristics of Web3 #

Elimination of Intermediaries #

Web3 promotes a network of nodes without a central core, eliminating intermediaries and granting ownership and control of data to users.

Decentralized Trust #

The “trustless” axiom is based on autonomous algorithms that eliminate the need to trust human entities, focusing on mathematical and code security.

Identity and Pseudonymity #

Blockchain allows for an unmediated identity, where users are numerical sequences (public keys), enabling them to operate without revealing their physical identity.

Advances in Web3 #

Smart Contracts #

Smart contracts are programs that automatically execute when certain pre-established conditions are met. Vitalik Buterin designed Ethereum to extend Blockchain’s capabilities beyond monetary transactions, enabling the creation of decentralized applications (dApps). These contracts do not require intermediaries, reducing the risk of manipulation and increasing transparency and security in various transactions.

Decentralized Applications (dApps) #

dApps operate on a blockchain network and are open source, allowing any developer to contribute and improve their functionality. By eliminating intermediaries, dApps offer services such as decentralized finance (DeFi), games, social networks, and more in a secure and transparent environment.

Non-Fungible Tokens (NFTs) #

NFTs represent unique digital assets, whose ownership and authenticity are guaranteed by Blockchain. These tokens have revolutionized digital art, gaming, and other sectors by enabling the creation and sale of unique and verifiable digital assets.

Decentralized Autonomous Organizations (DAOs) #

DAOs are organizations managed by smart contracts and governed by their members through a decentralized voting system. This allows for more democratic and transparent management, as decisions are collectively made and recorded on the Blockchain.

Web3 represents a nominal and data revolution, providing greater digital sovereignty and allowing users to define and control their identity and content in virtuality. With technologies like smart contracts, dApps, NFTs, and DAOs, Web3 offers a future where users have full control over their data and transactions without the need for centralized intermediaries.